High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Goldman Sachs: BOE rate outlook post-September meeting
Goldman Sachs anticipates the Bank of England will implement a 25bp cut at the November meeting, following the recent decision to maintain the Bank Rate.Key Points:BoE Decision Details:The Monetary Policy Committee (MPC) voted 8-1 to keep the Bank Rate unchanged and...
The USDCAD tries to keep a short term negative bias below a cluster of moving averages
As the clock ticks toward the weekend, a look at the USDCAD with a look toward next week is important. This week, the price action got more volatile on Wednesday helped by the FOMC rate decision. The initial move was to the downside, but the 100-bar moving average on...
Credit Agricole: GBP emerges as a high-yielder post-BOE meeting
GBPUSD dailyFollowing the Bank of England's decision to maintain policy rates, Credit Agricole highlights the GBP's emerging status as a high-yield currency, supported by the potential for future easing.Key Points:BoE Decision and Forward Guidance:The BoE kept rates...
US stocks start to weaken
The US stocks have started to weaken with the broader S&P and NASDAQ indices now down around -0.45%. The Dow industrial average is down -0.35%.For the NASDAQ index it has moved back below the swing high price from August 22. Yesterday the price moved above that...
USDCHF continues its up and down trading within trading range
The USDCHF continues to trade within a narrow range, fluctuating between 0.8400 and 0.85368 since August 20 (a month ago now). The majority of price action has been contained within this range, with brief extremes on either side that quickly fizzled out. Key technical...
Eurozone September flash consumer confidence -12.9 vs -13.0 expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Tech resilience amidst semiconductor slump: Analyzing today’s market vibe
Stock heatmap by FinViz.com Fri, 20 Sep 2024 13:46:03 GMT📊 Sector Overview: Divergent Performances Across MarketsToday’s US stock market presents a mixed bag of performances across various sectors. While some giants show resilience, others endure noticeable declines,...
And they’re off…. US stocks go marginally backward at the start of trading…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Fed’s Waller set to appear on CNBC today
Fed's WallerFed Governor Chris Waller scheduled for an 11:30 a.m. ET appearance on CNBC. It will be the first set of Fed comments since the decision as the blackout lifts. He could start to frame how the FOMC will think about the November meeting.At the moment, the...
EURUSD watch 1.1184. USDJPY higher after BOJ.GBPUSD moves to highest high since March 2022
In the kickstart video for September 20, 2024, I take a look at three the major currency pairs - the EURUSD, USDJPY and GBPUSD - from a technical perspective.The EURUSD has traded up and down today but stayed below the 1.1184 – 1.11897 area. The 1.1184 level was...
[24년 NEW 자동 부업] 10분만 ‘이렇게’ 해보세요! 매달 자동으로 돈이 들어옵니다 (막히기 전에 이건 꼭 하세요! 집에서 무료로 새 자동 부수입 만들기)
https://www.youtube.com/watch?v=UMEYKeq9OpQ 재택 부업을 비롯해, 그동안 다양한 돈버는 직장인 부업과 투잡을 소개해드렸는데요, 오늘은 집에서 매달 자동 수익을 벌 수 있는 부수입 파이프라인을 만드는 새로운 방법을 소개하려고 합니다 집에서도 실행 가능하고, 학력 경력 무관 한데다, 직장인, 주부, 자영업자, 학생 등 누구나 쉽게 도전해볼 수 있는 부업인데요, 0원으로 시작할 수 있고, 영상에 나온 가이드를 한 번만 따라해 보면, 간단하게 원리를...
Canadian dollar climbs on retail sales surprise. What’s next
The Canadian dollar is in an interesting spot at the moment. Domestically, real estate markets are clearly hurting and it's going to take at least 200 bps of rate cuts to fix it. But that's coming. The government is also extremely unpopular but a change is coming...
Canada industrial product prices for August -0.8% versus -0.3% expected
Prior IPPI MoM 0.0%Prior raw material price (RMPI) MoM 0.7%IPPI YoY 0.2% vs 2.9% last month revised to 2.8%RMPI MoM -3.1% vs -2.0% estimateRMPI YoY -2.5% vs 4.1% last monthMuch lower than expectations. For the IPPI Lower prices for energy and petroleum products were...
Canada July retail sales +0.9% vs +0.6% expected
Prelim was +0.6%August preliminary +0.5%Ex-autos +0.4% vs +0.3% expectedPrior ex-autos +0.3%Sales were up in seven of nine subsectorsEx-autos and gas +0.6%These numbers are a surprise, especially the August preliminary data, which runs opposite to what RBC cardholder...
BOC’s Macklem: Adoption of AI could add to inflationary pressures in short-term
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Big day for Canada on the data docket
I saw this nostalgic photo of the IBM office in Toronto in 1963 yesterday and it's a good one to share ahead of today's economic calendar, which is heavy on Canada.Canadian retail sales and PPI are due at the bottom of the in what's an otherwise-quiet day on the data...
ForexLive European FX news wrap: Japanese yen falls on Ueda presser
Headlines:Markets:GBP leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.3%US 10-year yields down 0.4 bps to 3.735%Gold up 1.0% to $2,614.02WTI crude down 0.3% to $71.72Bitcoin up 0.6% to $63,410The BOJ rounded off the central bank bonanza...
USDCAD Technical Analysis – Waiting for a breakout of the range
Fundamental OverviewOn Wednesday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with the dot plot...
USD/JPY remains the standout mover so far today
The dollar fell in trading yesterday but there's no extension to that so far today. Besides USD/JPY, other dollar pairs remain relatively muted after some light extension to the ranges earlier. Here's a snapshot of things currently:GBP/USD did nudge up to a high of...