The price of bitcoin is trading lower with the price now down around -2.7% to $94,700.The low price has reached $94,578.The move lower was foreshadowed by the break and inability to extend back above the broken 200-hour MA at $98244. Buyers turned to sellers.What...
The USDJPY buyers have taken the price above the 200 day MA. Buyers making a play.
The USD/JPY rebounded from an earlier dip in the Asian Pacific session, hitting new weekly highs and testing the 38.2% retracement level at 151.736 in the London morning session. Sellers stalled the pair near that MA coming into the US session with the price trading...
EIA forecasts global oil production will rise 1.6m bpd in 2025
The EIA is out with the latest STEO.We expect the Brent crude oil spot price will remain close to its current level in 2025, averaging $74 per barrel for the yearThey see the oil market as 'relatively balanced'US production seen at 13.52 mbpd vs 13.53 mbpd prior (vs...
European equity close: UK FTSE struggles
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,...
Goldman Sachs: What we expect from the November US CPI report
Goldman Sachs forecasts moderate gains in both headline and core US CPI for November, driven by rising used car prices, airfares, and energy costs. The firm expects the core CPI to rise by 0.28% MoM (vs. 0.3% consensus), translating to a 3.27% YoY increase. Headline...
AUDUSD moves to new lows and below the low from Friday’s trading
The Reserve Bank of Australia announced no change in interest rates as per expectations, but it was considered a more dovish decision. As a result, the price of the AUDUSD moved lower and back toward the lows from Friday's trading. US yields moving higher has kick...
Xi says China will continue to be the biggest enging of world economic growth
This isn't a market moving comment but it advances the debate around what sort of stimulus is coming from China this week.I think the overall negative sentiment around China -- particularly in the long term -- is way overdone. Yes, the stock market is weak but a good...
Some optimism for an Israel-Hamas deal
Barak Ravid from Axios reports on a meeting between Israeli and Egyptian intelligence officials but also notes:"Until recently, the thinking in Israel was that Hamas doesn’t want a deal - now it seems that there is a shift and that Hamas may have changed its mind....
Australian dollar touches four-month low as the China pop fades and RBA shifts dovishly
AUDUSD dailyThe Australian dollar is at the lows of the day, down 67 pips to 0.6370.The drop erases a strong gain yesterday that came on optimism about China stimulus. However the Chinese market slumped today on pessimism that Beijing will actually deliver stronger...
Gold climbs for the second day after China’s central bank resumes purchases
Gold dailyGold is up $30 today to build on a similar-sized gain yesterday.Both gains come on the heels of the People's Bank of China resuming gold purchases in November for the first time in six months. China is looking to diversify reserves into gold and away from US...
Buyers have the USDCAD at the highest levels since 2020 ahead of the BOC rate decision
The USDCAD is moving higher and trading at the highest level for the year,and going back to 2020. The buyers are in firm control and that comes ahead of the BOC meeting and interest rate decision scheduled for 9:45 AM ET tomorrow. The BOC is expected to cut rates by...
Mixed signals in the market: Google soars while Oracle dives
Stock heatmap by FinViz.com Tue, 10 Dec 2024 14:46:11 GMTSector OverviewThe US stock market today is a mosaic of mixed performances across various sectors. Notably, the Technology sector is experiencing significant contrasts. While Google (GOOGL) is making impressive...
US stock futures flat despite Oracle drop
S&P 500 futures are up 0.1% with Nasdaq futures doing slightly better.One drag is Oracle, which is down 7.5% in the pre-market after earnings and revenue that missed estimates. Oracle also issued guidance for the current quarter, calling for revenue growth of 7%...
The USDCHF has been moving down and up with the buyers making a play today
The USD/CHF has been testing the downside, with attempts to break below the swing area between 0.8772 and 0.8776 on Friday and Monday. Both breaks failed, and rallies were capped at the swing area between 0.8794 and 0.8799. In today's trading, the pair initially...
CryptoAutos Announces TGE for $AUTOS Token Following Sold-Out Public Sale
CryptoAutos, the world’s first blockchain-powered luxury automotive marketplace, has announced the Token Generation Event (TGE) for its native utility token, $AUTOS, scheduled for 11th December 2024 at 12 PM UTC. This event represents a significant development in...
ECB’s Villeroy: Regardless of political situation, France needs to improve public finances
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 Q3 unit labor costs +0.8% vs +1.5% 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,...
Kickstart your trading day. What is moving the markets on June 10, 2024?
As the U.S. and North American trading session begins, broader indices are positive, and U.S. yields are rising, despite Oracle shares falling sharply in premarket trading. The drop comes after the company narrowly missed earnings expectations by a penny and reported...
Forexlive European FX news wrap: Choppy price action as the US CPI looms
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 November NFIB small business optimism index 101.7 vs 94.2 expected
The NFIB Small Business Optimism Index rose by eight points in November to 101.7, after 34 months of remaining below the 50-year average of 98. This is the highest reading since June 2021. Of the 10 Optimism Index components, nine increased, none decreased, and one...