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,...
Video: One spot to fade after today’s FOMC decision
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,...
Stocks little changed as the clock ticks toward the Fed decision
The major US stock indices are trading within 0.03% of unchanged as the market calmly wait for the FOMC rate decision at 2 PM ET. The S&P index reached a high price today of 5642.84. Yesterday, a new all-time high price was reached intraday at 5670.82. The high...
GBPUSD extended higher and above a target level but reverses back down ahead of the FOMC
The GBPUSD did make a run to the upside in the early US session and in the process extended above a swing area between 1.3221 and 1.3230. I talked about that area in the earlier video starting at the 7-minute mark. The move above that level extended the price of the...
USDCAD going sideways ahead of FOMC rate decision. What would break the pair higher/lower
The USDCAD has been trading in a sideways pattern even though CPI data out of a Canada yesterday was weaker than expected. The unemployment rate is also moving higher with that at the highest level since 2017 (if you take out the spike from 2020 to 2021).The...
Odds of a 50 basis point rate cut slip to 55%
What a day this is turning out to be.The implied odds of a 50 bps were almost 70% yesterday but have slipped back to 55% in a steady grind. The market just doesn't know what's coming but there is clearly some anxiety today about under-delivering. That's led to a...
European close: Trepidation ahead of the Fed decision
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,...
Former Fed Pres. Mester: It is a really close call. Good case for a series of 25 bp cuts
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 is the technical roadmap for the USDCHF through the FOMC rate decision.
In this video, I take a look at the technical roadmap for traders through the FOMC rate decision. What would increase the bearish bias and why? What would shift the bias more to the bullish side - at least in the short term.With the price lower and trading near 2024...
Atlanta Fed GDPNow growth estimate for Q3 falls to 2.9% from 3%
The Atlanta Fed GDPnow growth estimate for Q3 falls to 2.9% from 3.0% last. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.9 percent on September 18, down from 3.0 percent on September 17. After this...
EIA crude oil inventories fall -1.630M barrels vs -0.500M 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,...
Former St Louis Fed President Bullard: The FOMC should cut by 25 bps
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,...
FBS Analysts Explore Bitcoin’s Growing Potential Amid US Election Uncertainty
FBS, a leading global broker, presents an overview of financial market trends in the context of the 2024 US presidential elections. FBS financial market analysts particularly underscore the rising investment potential of Bitcoin in the context of Harris-Trump...
The major indices are little changed to start the trading day
The major indices are little changed to start the trading day. Of course, the FOMC rate decision will be key at 2 PM ET where the Fed is expected to cut by 50 basis points but the decision can go either way. What the Fed chair says, what the Dot plot and the...
Tesla surges while healthcare drags: A closer look at today’s market dynamics
Stock heatmap by FinViz.com Wed, 18 Sep 2024 13:46:03 GMTSector OverviewThe current US stock market snapshot reveals a blend of vibrant highs and subdued lows across various sectors. One standout is the automotive sector, spearheaded by Tesla (TSLA), which boasts an...
If trading the September FOMC in the FX, it is mandatory to know the roadmap up or down.
There are days when you REALLY need to know the roadmap technically. For me, knowing the roadmap daily is important. The roadmap tells you the targets. The roadmap tells you the risk. The roadmap keeps you in trend moves. The roadmap prevents you from riding a trend...
Cable catches a bid. Nears the August highs
GBP/USD 4 hourRepositioning looks to be the theme in global markets today.Treasury yields are rising, which indicates worry about the Fed cutting 25 bps instead of 50 bps. However the US dollar is weakening, which indicates the opposite.It all points to more of a...
Treasury yields track higher in the countdown to the FOMC decision
Treasury yields are up 4 basis points across the curve in a sign of either:The market over-pricing a dovish FedAngst ahead of the Fed decisionI tend to think it's the latter as bond buyers have flooded in over the past two months. US 10s highlight just how far the...
US August housing starts 1.356m vs 1.310m 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,...
Housing starts data will illustrate why the Fed needs to cut rates
housing starts w 50m moving avgUS housing starts are due at the bottom of the hour and forecast to rebound to 1.310m after falling to a post-pandemic low last month.The long-term chart highlights the problem: US housing starts are significantly lower than they were in...