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,...
Why Is Bitcoin Performance Outstripping Lagging Ethereum?
Between them, Bitcoin and Ethereum make up 75% of the world’s cryptocurrency market. They both run on blockchain, both can be traded and used to make peer-to-peer payments, and both now have their own exchange-traded funds, as of earlier this year. However, they have...
Deutsche Bank targets S&P 500 to 7,000 by the end of 2025
Deutsche Bank chief global strategist outlook for the benchmark US equity index:S & P 500 to rise as high as 7,000 year-end 2025“We see S & P 500 buybacks rising from an annual run rate of $1.1 trillion currently to about $1.3 trillion next year, rising in...
European Union is proposing sanctions on Chinese firms aiding Russian invasion of Ukraine
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,...
I jinxed it. The Russell 2000 closes below all-time high level by less than a point
The major US stock indices all closed higher on the day. The gains were led by the Russell 2000 which rose by 1.47%. However like a selling took the price below the all-time high closing level of 2442.74 by less than one point. Close, but no cigar.The Dow industrial...
Forexlive Americas FX news wrap: Bonds buy Bessent, Middle East peace hopes weigh on oil
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 Tuesday, November 26, 2024 – a 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 – Tuesday, 26 November, 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,...
Not to jinx it, but Russell 2000 on pace for a record close today
Not to jinx the market 16 minutes to the close but the Russell 2000 is on pace for a record close. Currently the price is at 2451.64 up 45.97 points or 1.91%. The all-time high close going back to November 5, 2021 is at 2442.74. So there's a 9-point cushion between...
Fed’s Goolsbee: Interest rates will be lower by the end of 2025
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,...
Scott Bessent understood that Japanese easing was a negative for the yen, but little else
Scott Bessent at a Trump rallyToday is Scott Bessent day in financial markets and that means we're all trying to get to know him. Naturally, given that he's an FX guy, we're all cheering for him. There are far too many academics in government and I don't think there...
USDCAD retraced earlier declines but finds willing sellers near its 200 hour MA.
The USD/CAD gapped lower over the weekend following news that Scott Bessent would be named Treasury Secretary under Trump. However, the initial decline lacked follow-through, and the pair resumed its upward momentum.Key Levels TestedThe price rebounded above the...
NZDUSD up and down today but stays below 100/200 hour MAs
The NZD/USD pair opened with a gap higher but has spent the session oscillating within a narrow range. On the downside, support has held firm near swing levels established on November 14 and 18, as well as during two tests today, between 0.5835 and 0.5839.On the...
ANZ offers up its NZD outlook ahead of the November RBNZ meeting
ANZ highlights that the upcoming RBNZ meeting is unlikely to spark a positive shift for the NZD. Market expectations of a 50bp rate cut align with ongoing dovish policy trends, keeping downside pressure on the NZD against the USD and AUD. While year-end seasonality...
Jack Smith asks judge to dismiss the election interference case against Donald Trump
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 sells 2-year notes at 4.274% vs 4.292% WI
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 Nagel: increasingly confident over disinflation
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,...
Crude oil is trading sharply lower and down close to $2 on the day
Crude oil prices have dropped sharply as optimism grows for a potential peace agreement between Israel and Lebanon. Currently, prices are down approximately $2, trading near $69.13. The intraday low reached $69.01, bringing the price close to the 200-hour moving...
Geopolitics: Israel government has reservations about details of agreement on ceasefire
Al Jezeera is reporting that Israel government has reservations about some details of the agreement of the Israeli Lebanon cease-fire. In other the geopolitical war news: Germany's defense minister Pitorius says that Russia's war on Ukraine is no longer a regional...
US sells $68 billion of 2-year notes at 1 PM
The US treasury will show $68 billion of 2-year notes at 1 PM ET. The 2-year note auction is the first of three coupon auctions this week. The treasury will auction five and seven-year notes on Tuesday and Wednesday respectively before the Thanksgiving holiday on...