The GBPUSD is trading higher in is a poaching a key resistance and its 100-hour moving average at 1.2681. Also near that level is the high of a swing area between 1.2654 and 1.26858. Get above that level would be needed for the buyers to have a technical "win" after...
ECB’s Lagarde: Europe is falling behind in innovation and productivity compared to the U.S
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,...
EURUSD pushing away from its 100 hour moving average
The EURUSD is stretching to the upside with the price now moving away from the 100-hour MA at 1.05659. That MA was broken earlier today after finding sellers against the moving average level on Friday and again earlier today.Although the price traded above and below...
Gold rallies sharply after last week’s tumble of -4.5%. Price is up 1.87% today
Gold is up sharply in trading today after falling -4.52% last week - its worst week since falling 6.03% during week of June 14, 2021.Technically, looking at the hourly chart, the price moved sharply lower last week and in doing so stayed below its 100-hour moving...
Major European indices are closing mixed
Major European indices are closing the day with mixed results. The German DAX and Italy's FTSE MIB move lower. The major indices are higher.German DAX, -0.18%France's, +0.12%UK's FTSE 100, +0.57%Spain's Ibex, +0.33%Italy's FTSE MIB, -1.27%As London/European traders...
US Trump team (sans Elon Musk) supporting former Fed member Kevin Warsh as Treasury Sec.
It is being reported on Bloomberg, that the Trump team is supporting former Fed Governor Kevin Warsh (2006 to 2011) as the next Treasury Secretary. President-elect Donald Trump is evaluating several candidates for the position of Treasury Secretary. He was expected to...
USDCAD rotates lower today after sharp break higher last week took price to 2020 levels
The USDCAD broke above the 2020 high price on Wednesday of last week at 1.3978, and that helped to kickstart additional gains on Thursday and Friday. The price of the USDCAD has been up for six consecutive days. The low price from November 7 reached 1.3843. The high...
Feds Goolsbee : I see concentration of treasury clearing as a risk
The Chicago Fed Pres. Austen Goolsbee is giving me opening remarks Financial Markets Group fall conference and says: Sees concentration of treasury clearing as a riskNeedless to say, giving opening remarks is generally not a platform to give details about the economy...
US NAHB housing market index for November 46 versus 43 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,...
Tesla leads auto gains while semiconductors face pressure
Stock heatmap by FinViz.com Mon, 18 Nov 2024 14:46:12 GMTSector Overview: Key Movers and TrendsToday's stock market heatmap reveals an interesting divergence among sectors. The consumer cyclical sector is shining, with Tesla (TSLA) making significant gains at +5.18%....
Plutus Announces Platform Enhancements to Bolster Transparency and Sustainability
Plutus, a pioneer in tokenized loyalty rewards, is implementing strategic upgrades to enhance platform integrity and ensure long-term sustainability. Guided by community feedback, with 67% of users expressing support, the company is rolling out initiatives aligned...
US stocks open mixed. Dow industrial average is a modestly lower. NASDAQ index is higher
The major US major indices are opening with mixed results. The Dow industrial average is lower. The S&P index is trading near unchanged while the index is up modestly.A snapshot of the market currently shows (four minutes into the open):Dow industrial average is...
Changelly Introduces Black Friday Campaign with Crypto Deals and Prize Pool
Changelly, a global instant crypto exchange platform, announces its Black Friday campaign from November 15 through December 6, 2024. Aiming to boost mass adoption and make crypto more accessible to users during the Black Friday season, Changelly has launched a...
USDCHF is backing off highs going back to July and back below 61.8% retracement
The USDCHF last week moved above the 61.8% retracement of the move down from the May 1 high to the early September low at 0.88989 last week, but failed on two separate attempts. The high price on Friday stalled near that retracement level and rotated to the downside....
PrimeXBT Acquires FSCA License to Launch Operations in South Africa
PrimeXBT, a leading multi-asset trading platform, is pleased to announce that it has secured a regulatory license from the Financial Sector Conduct Authority (FSCA) in South Africa. This strategic expansion into the South African market is a testament to PrimeXBT's...
ECBs Stournaras: A 25 basis point cut by the end of the year is reasonable
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,...
Foreign investors in C$ rises by $29.3B vs $10.33B last month (revised from $9.97B)
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 housing starts for Oct (annualized) 240.8K vs 240.0K 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,...
The technicals in play to start the new trading week in the forex
To start trading day and the trading week, the USD is trading down and back up vs most of the major currency pairs. It is mostly lower vs the NZD and the JPY today. In the US debt market yields are higher with the yield curve steepening:2-year yield of 0.7 basis...
ForexLive European FX news wrap: USD/JPY back up above 155.00 level
Headlines:Markets:JPY lags on the dayEuropean equities slightly lower; S&P 500 futures flatUS 10-year yields up 3.2 bps to 4.473%Gold up 1.1% to $2,591.13WTI crude up 0.5% to $67.33Bitcoin up 0.5% to $90,295It was a quiet session with few headlines and meaningful...