NDP leader Jagmeet SinghThe NDP, which is the Liberal de-facto coalition partner, is calling on Justin Trudeau to resign."He has to resign," he said, noting that "all options are on the table" regarding withholding the votes the government needs to survive.He was...
NZDUSD buyers try to shift the short term bias higher. What next?
THe NZDUSD has seen up and down and up again price action today. The most recent move higher has seen the pair extend back above the high of a swing area floor on the daily chart at 0.5772 and also briefly above the 100-hour MA at 0.5780. Buyers are trying to make a...
China ramps up talk on consumer subsidies
There is one thing that everyone can agree on: China is cheap, at least the stock market is.But it's cheap for a reason, economic growth is struggling and the market has lost faith in Beijing to offer the kind of stimulus that made it an economic miracle. That said,...
GBPUSD and EURUSD move higher, but there is work to do to tilt the bias more to the upside
The GBP/USD and EUR/USD are both trading higher on the day, with GBP/USD outperforming. The GBP/USD is currently up by 0.52%, trading at 1.2618 after testing a low of 1.2615 earlier. Meanwhile, the EUR/USD is up by just 0.05%, recovering from its low of 1.0475 and...
European major indices close mostly lower. Spain’s Ibex rises 0.23%
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,...
Bitcoin rises to yet another new record. High extends to $107,144
Bitcoin rises to get another new record. The high price has reached $107,144. It's currently up around $2700 or 2.57%.Michael Saylor of Microstrategy is on CNBC pushing his Bitcoin strategy and projections (which quite frankly is beyond me) but let it be. He does...
ECB Schnabel: We should proceed with caution remain data dependent
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,...
Trump: Masayoshi Son announces $100B investment in the US over 4 years
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,...
Forbes Web3 Celebrates Innovation: Legacy Pass Members Showcased in the Forbes Magazine
In a celebration of innovation, Forbes Web3 proudly showcases the community members who hold the Forbes Legacy Pass in its December 2024/January 2025 issue. The Forbes Legacy Pass is more than a membership- it’s a transformative experience bringing together a cohort...
German’s Chancellor Scholz lost no-confidence vote. Paves way for snap election
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,...
Eliza Labs and Stanford University’s FDCI to Explore AI Agents Impact
Stanford University’s Future of Digital Currency Initiative (FDCI) and Eliza Labs, creators of the open-source Eliza agent framework, today announced a groundbreaking research partnership to explore how autonomous AI agents will transform digital currency systems. The...
ECBs Wunsch:There is a relative concensus that rates need to go close to neutral level.
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,...
2024: Octa Broker looks at the year’s biggest market stories
2024 has been a year of contradictory events, significant economic changes, and major political shifts. On a positive note, it was the year when global central banks finally managed to tackle inflation, partly induced by the negative and far-reaching effects of the...
AUDUSD sellers remain in firm control.What would turn that sellers control around?
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,...
USDCAD stretches higher and is testing a swing high target from 2020
The USDCAD is pushing higher, testing levels not seen since April 2020 at 1.4264. A break above this key resistance would open the door to the next target near the March 8, 2020 high at 1.4348.Since late September, the USDCAD has been trending steadily upward,...
Tech drives gains: Google and Amazon soar, semiconductor sector mixed
Stock heatmap by FinViz.com Mon, 16 Dec 2024 14:46:01 GMT📈 Technology and Consumer Sectors SurgeToday's stock market showcases a striking performance in the tech sector, with significant gains led by Google (GOOGL) and Amazon (AMZN). This upbeat momentum is reflected...
US S&P Global services PMI 58.5 vs 55.7 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,...
Canada finance minister Chrystia Freeland resigns from cabinet. Mark Carney next?
Canada Finance Minister FreelandDeputy Prime Minister and Finance Minister Chrystia Freeland has resigned. She was once thought of as the future of the party but she's tied herself too closely to Trudeau, who has now evidently cut her loose in an attempt to save his...
Ford Stock is Down 3%. We Asked our AI What It ‘Thinks’ About That…
🚘 Ford Stock Update: Key Highlights and Analyst Outlook for InvestorsJefferies Downgrades Ford Stock to Underperform, Predicting Challenges in 2025📉 Key Update:Jefferies downgraded Ford stock from Hold to Underperform and slashed the price target from $12 to $9.Why?...
A technical look at the major 3 indices to start the new trading week
As the North American session begins, the US futures for the US stock indices are trading higher after a mixed result last week. US yields are starting lower by about 2 to 3 basis points after 10 year yields moved up by 25 basis points last week. The USD is mixed to...