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,...
Another mixed close for major US indices
The major stock indices had another mixed close with the S&P and Dow industrial average lower while the NASDAQ index rose modestly:Dow industrial average -6.71 points or -0.02% and 42924.89S&P index -2.78 points or -0.05% and 5851.20.NASDAQ index up 33.12...
Goldman Sachs expect EUR/USD under parity in scenario Trump wins US election
Goldman Sachs with a view on the euro, running 'tariff' scenarios for the US election outcome:if the Republican party win the presidency and Congress could lead to higher tariffs 10% U.S. tariff on all imports20% on Chinese productstax cutswould likely push up...
Starbucks says global comp sales fell 7% in the fourth quarter
Shares of Starbucks are down nearly 6% after hours following a weak report on preliminary Q4 earnings.SBUX after hoursGlobal comp sales -7%US comp sales -6%China comparable store sales declined 14%This could be a sign of a weakening consumer but I think it's more...
Texas Instruments Q3 EPS $1.47 versus $1.38 estimate
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,...
Economic calendar in Asia 23 October 2024 – very light one
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,...
Trade ideas thread – Wednesday, 23 October, insightful charts, technical analysis, ideas
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,...
What’s ahead on the earnings calendar for the rest of the week
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,...
Bank of Canada expected to cut by 50 basis points and continue cuts to end-2025
The Bank of Canada rate decision is on Wednesday and a strong consensus has formed around the likelihood of a 50 basis point cut. It would be the first jumbo rate cut of the cycle that started in June and has seen three 25 bps cuts so far.The OIS market is priced for...
Goldman Sachs sees 4.30% in 10-year yields as a line in the sand for risk appetite
In my view, US stocks have been able to rally with yields rising because the market has priced out the risk of a recession while pricing in a larger Fed put in light of Powell's willingness to pull the trigger on a 50 basis point cut.That's a powerful combination but...
GBPUSD Analysis: Key levels to watch as we head into the new trading day.
At the start of the US session today I posted on the GBPUSD:GBPUSD: Traders have been targeting the 100 day MA and the 61.8% of the move up from the August low at 1.2962 and 1.2958. The low price today reached within 3 pips of the 100 day MA at 1.2965 and bounced to...
ECB’s Rehn: Growth outlook has weakened and this could increase deflationary pressure
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,...
S&P 500 turns positive
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,...
Israel attack on Iran “seems that it will be within days” – report
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,...
ECB’s Villeroy: There is a risk of undershooting 2% target, especially if growth weak
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,...
US dollar rally? It’s the economy, stupid
It's the time in the cycle when everything that happens in markets is tied back to politics. I looked at Trump trades on Thursday and aside from some pockets, it's tough to make the argument that's the major driver, let alone in stocks or bonds.But how about the...
Is inflation back under control?
Massive stimulus measures implemented by governments to support their economies during the pandemic and following supply chain disruptions have led to increased money supply and rising inflation.Over the past two years, central banks have addressed this problem by...
If stocks are so expensive, find a reason to sell.
I am listening to CNBC and the pundits are mostly spewing How the stock market is overbought. How the stock growth rate over the next 10-years will average 3% per year. How Trump winning will be bullish (PS everyone was bearish in 2016 when he was elected and it...
Crude oil tests 200 hour MA
The price of crude oil futures are trading higher by $1.73 or 2.47% at $71.78. The move to the upside has the price testing its 200-hour moving average at $71.76. A move above is needed to increase the bullish bias with the 38.2% retracement of the move down from the...
EURUSD sellers making a play. Extends below the low from last week
The EURUSD sellers are making a play in the US session with the price moving below the low from last week at 1.08103. The price has moved to a low of 1.0800, bounced back to 1.08148 but is back down to 1.0806. Buyers and seller battle. If the sellers play to the...