US CPI was released at 8:30 AM ET and the core measure disappointed with a 0.3% gain (estimate 0.2%). The year on year for came in at 3.2% as expected and unchanged from last month. On a more positive spin, the headline number came in as expected at 0.2% (but...
ICYMI – Goldman Sachs CEO Solomon said still a chance the Federal Reserve cut by 50bp
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 Thursday, September 12, 2024 – another BoJ official speaking
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Trade ideas thread – Thursday, 12 September, 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,...
Snapback day. Major indices close higher after trading sharply lower.
Major US stock indices had a snapback day, and what a snapback day it was. The Dow industrial average was lower by 743.89 points, but is closing up 124.75 points or 0.31% at 40861.71. At one point today all the Dow stocks were trading lower.The S&P was down -88.56...
USDCHF buyers look higher, but run into 38.2% retracement .Can the buyers keep going?
The USDCHF has moved higher today and in the process, has stretched toward the 38.2% of the move down from the mid-August swing high. That retracement level comes in at 0.8517, and that is where sellers started to lean against of earlier today and on the most recent...
Crude oil futures settled at $67.31
Crude oil prices have been very volatile today with the price first moving higher to a high of $67.58, then moving lower to a low at $65.63 before rotating back to the upside and making new high price up to $67.97. The high price today got within $0.16 of the falling...
NASDAQ index back above its 100 day moving average
The NASDAQ index fell -238.04 point at session lows today. It is now flipped that decline and transact 244.18 points or up 1.43% at 17269.. That is quite a reversalThe move back to the upside has taken the price back above its 100- day moving average at 17158.57 (blue...
GBPUSD bounces off natural support at 1.3000 today
The GBPUSD moved lower after the US CPI data, and in the process broke below its 38.2% retracement of the August trading range at 1.30363. The next target was at the 1.3000 level followed by the rising 200 bar moving average on the 4-hour chart at 1.2971. The price...
Fed IG said Atlanta Fed Pres. Bostick violated Fed rules on trading
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39% of Gulf of Mexico oil production shut due to Hurricane Francine
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 30 year mortgage rates lowest in 20 months at 6.11%
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 is closer to allowing Nvidia chips to Saudi Arabia
There is a report that the US is closer to allowing Nvidia chips to Saudi Arabia.Nvidia shares are trading up $4.72 or 4.3% at $112.80.Moreover shares are back above its 100 day moving average at $111.57.Shares of SMCI are also rebounding strongly today with a gain of...
The US treasury auctions of $39 billion of 10 year notes at a high yield of 3.648%
High Yield: 3.648%Previous: 3.96%Six-auction average: 4.314%WI level at the time of the Auction: 3.662%Tail: -1.4 basis pointsPrevious: 3.1bpsSix-auction average: 0.8bpsBid-to-Cover: 2.64XPrevious: 2.32xSix-auction average: 2.48xDealers: 10.25%Previous:...
US treasury to auction off $39 billion of 10 year notes at the top of the hour
The US treasury will auction off $39 billion a 10 year notes at the top of the hour. Recall from last month this auction was not all that great with a tail of 3.1 basis points and a bid to cover below the six-month average. Yesterday, the 3-year note auction was solid...
Goldman Sachs Solomon on CNBC. Sees 2 maybe 3 cuts. Could see possibility of 50 BP cut
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,...
Mixed results for the European indices on September 11
The European indices are closing with mixed results for September 11.A snapshot of the closing levels shows: German DAX, +0.34%France's CAC, -0.14%UK's FTSE 100 -0.15%Spain's Ibex +0.67%Italy's FTSE MIB -0.12%As London/European traders look to exit, the Dow leads the...
AUDUSD falls below a cluster of technical levels but momentum lower is fading.
The AUDUSD moved lower after the stronger core CPI data. On the break lower, the price moved below a cluster of technical levels including the 200 bar moving average on the 4-hour chart at 0.6653, the 100-day moving average of 0.6648, and the 38.2% retracement at...
USDCAD trading down and up but stays below the 38.2% of the August trend move lower
The USDCAD has traded down and back up today. The low price earliers today, moved below the 200-day MA at 1.3589 which was a tilt back to the downside after trading above that level yesterday. However, the price moved back higher in the European session and moved...
Dow now down -700 points
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