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, 22 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,...
GBPUSD moves toward low from last week and 100 day MA/61.8% retracement
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,...
EURUSD tests recent low at 1.08103. Will it break and continue downtrend?
The EURUSD is testing the low price from last Thursday at 1.08103. The low price just reached 1.08104. A break below the level will have traders looking toward the low price going back to August 1. That level comes in at 1.0777.Earlier today, the price tested the...
Crude oil futures settle at $70.56
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,...
Even more from Kashkari: Excess savings have been spent down
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,...
Citi upgrades 0 to 3-month-old forecast for gold to $2800 versus $2700
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,...
More Kashkari: It wasn’t labor markets that caused inflation
More from Fed's Kashkari: It was not the labor market that caused inflationVery few transactions happened on crypto, unless it's drugs or illegal activityImmigration policy will affect our reading of the labor market Tariffs shouldn't be themselves leading to ongoing...
Fed’s Kashkari: A rising budget deficit would mean interest rate would be higher
As the election approaches, there is concerns about the deficit. Fed's Kashkari is saying that Rising budget deficit would on the margin mean interest rates would be higher.How all the dust settles is still up in the air as much may also depend on the split in the...
NZDUSD to lowest level since mid-August
The USD continues to move higher today, and the NZDUSD is not missing out on the run higher. A chief fundamental catalysts is the the 10-year note yield which is up 10.5 basis points on the day and now up around 55 basis points since the Fed cut. The 2-year yield is...
China Stock Market Rallies as the Economy Shows Signs of Life
Chinese markets are rallying as the country's economy demonstrates signs of improvement. While the latest data offers some optimism, significant hurdles persist. Octa Broker analyses the situation and discusses the potential implications for the People's Bank of...
AUDUSD moves to lowest level since September 11. Looks toward 50% and 200 day MA.
The AUDUSD traded above and below the 100-day MA last week at 0.9695. The price moved above the MA on Thursday/Friday and closed above that MA tilting the bias in the buyers favor.However, today, the price moved below the MA in the European session and stayed below in...
European shares close lower. German DAX falls after closing at record high on Friday
The German Dax closed at record highs on Monday, Thursday and Friday last week, moving above the high close going back to September 27. Today, however, the index fell by around 1% leading the way lower for the major European indices. A snapshot of the Europe closes fo...
USD higher. Yields higher. Stocks lower.
The USD is moving higher. Looking at the dollar index (DXY) the price is testing the 200 day MA at 103.79. The price moved above that level on Friday reaching a high of 103.88, before failing and rotating lower. The high has just extended to 103.803. Get and stay...
USDCAD runs to a new high with the broader USD. Extends toward high from last week.
The USDCAD is pushing to the upside (with the broader USD advances today) and in the process is stretching toward the high from last week at 1.3837. A move above that level would have traders targeting a swing area off the daily chart point back to 2022 between 1.3859...
BOE’s Greene: Cautious and gradual approch to easing is appropriate
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 at the highs of the day as Treasury yields climb
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,...
USDCHF tests 38.2% support. Will buyers hold support. EURCHF stays below 100/200 bar MAs
To start the new trading week, the buyers are holding onto control, but for the EURCHF, the sellers are holding the stronger hand (and in control).USDCHF: Last week, the USDCHF moved above its 38.2% retracement of the move down from the July high to the September low...
US Sept leading indicators -0.5% vs -0.3% expected
Prior was -0.2%Six-month decline accelerates to 2.6%, worse than previous 2.2% fallThis index isn't a market mover but it's a decent 10,000 ft view on the economy and shows why the Fed is in an easing cycle.“Weakness in factory new orders continued to be a major drag...
Tech and energy sectors lead gains as semiconductors stumble
Stock heatmap by FinViz.com Mon, 21 Oct 2024 13:46:02 GMTTech and energy sectors lead gains as semiconductors stumbleToday’s US stock market displayed a mixed bag of performances, with notable strength emerging in technology and energy. Meanwhile, the semiconductor...