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,...
EIA weekly crude oil inventories -2191K vs +1835K 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,...
Gold nears $2700 with eyes on China
gold dailyGold is up $22 to $2695 today and threatening to touch $2700 for the first time.I'm watching China as a catalyst. Chinese stocks are lower again today as they continue to retrace the big October rally. Earlier today, Chinese officials touted a big...
The USDCHF keeps it bullish bias, but the EURCHF moves lower. What next for each?
USDCHF: The USDCHF moved lower from earlier highs but found support buyer near the 38.2% of the move down from the July high at 0.86318. The inability to move and stay below that level increases the levels importance going forward technically. If that level hold, the...
US says watching upcoming Putin-Xi meeting, expects to see deeping of support
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 August business inventories 0.3% vs 0.3% expected
inventoriesPrior month business inventories 0.4%Prior month retail inventories ex auto 0.5%Business inventories for August 0.3% versus 0.3% expectedRetail inventories ex autos 0.5% versus 0.5% last monthSales: The combined value of distributive trade sales and...
US October NAHB home builder sentiment 43 vs 42 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,...
Nvidia shares break the June high to hit a record
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,...
The ECB is behind the curve and oblivious to it
The euro fell to a two-month low of 1.0812 during the ECB press conference. Some of that was on the US dollar side as retail sales beat expectations but the bulk of today's 40 pip decline in domestically driven.The ECB just doesn't seem to get it.Lagarde repeatedly...
Semiconductor sector surges: Microsoft and Apple lead tech rally
Stock heatmap by FinViz.com Thu, 17 Oct 2024 13:46:13 GMTSector OverviewToday's market heatmap reveals a vibrant day for the semiconductor sector, with key players like Nvidia (NVDA) jumping 2.85% and Broadcom (AVGO) skyrocketing 3.13%. These gains underline strong...
The major US stock indices are higher led by the NASDAQ index, but off early high levels
The major US stock indices are moving higher in early trading led by the NASDAQ index. Better economic data is fueling the gains with retail sales, Philadelphia Fed manufacturing, and initial jobless claims all better than expected. TSMC earnings were higher than...
Kickstart the FX trading day for Oct 17 w/ a technical look at the EURUSD, USDJPY & GBPUSD
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 September Industrial production -0.3% versus -0.2% 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,...
Lagarde Q&A: All the data is headed in the same direction
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,...
Reuters Poll: BOC to cut overnight rate by 50 basis points on Oct 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,...
Lagarde opening statement: Economic activity has been somewhat weaker than 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,...
Watch live: ECB’s Lagarde holds press conference
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,...
October Philly Fed manufacturing index +10.3 vs +3.0 expected
Prior was +1.7New orders: 14.2 vs -1.5 priorShipments: 7.4 vs -14.3 priorUnfilled orders: -1.5 vs -6.7 priorDelivery times: 10.2 vs -0.7 priorInventories: 0.5 vs +5.0 priorPrices paid: 29.7 vs +34.0 priorPrices received: 17.9 vs +24.6 priorEmployment: -2.2 vs +10.7...
US initial jobless claims 241K vs 260K estimate
Prior week 258K revised to 260KInitial jobless claims 241K vs 260K est4-week moving average initial jobless claims 236.25K vs 231.5K priorContinuing Claims 1.867M vs 1.865M estimate. Prior week of continuing claims revised to 1.858M versus 1.861M previously reported4...
US September retail sales control group +0.7% vs +0.3% expected
US retail sales control groupPrior control group was +0.3%Headline retail sales +0.4% versus +0.3% expectedRetail sales $714.4 billion versus $711.3 billion priorPrior m/m sales +0.1%Retail sales y/y +1.7% versus +2.2% priorEx autos +0.5% versus +0.1% expectedPrior ex...