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,...
More from Fed’s Collins: Labor markets are in a good place overall
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,...
Rebound. Major indices close higher.
The major US indices are in a saw-tooth pattern over the last 3 days. Looking at the major indices, the changes showed:Dow Industrial Average: Up 341 points. Down -398. Up 126.13.S&P: Up 51 points. Down 55.13 points . Up 55.21 pointsNasdaq. Up 219 points. Down...
Fed’s Collins says Fed predicts 50bp of cuts into year end
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,...
Advanced talks are underway to hold a phone call between Biden and Israel’s Netanyahu
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,...
Crude oil settles at $73.57
Crude oil futures are settling down $73.57. That's down $3.57 or -4.63%.The high price today reached $78.42. The low price extended to $72.73.Looking at the daily chart, the low price stalled right at its 50 day moving average (at $72.73), and also just above its...
Israel’s defense minister Gallant will not be traveling to Washington
Buckle up.Israel has informed the Pentagon that Israeli Defense Minister Gallant will not be traveling to Washington.Earlier today there was a report that the US was concerned that Israel would attack Iran while Israel defense minister Gallant was visiting in...
What I like about the EURGBP chart is…..
Trading successfully needs to focus on risks and putting the odds of success in your favor. That can manifest in different ways but one way is recognizing a pattern by traders. When I look at the EURGBP, the pattern on the 4-hour chart is simple. In trading today:The...
SocGen: USD/JPY poised for brief pullback towards 145 before targeting 152
USDJPY dailySocGen anticipates a temporary pullback in USD/JPY towards 145, followed by a potential rally towards the significant resistance level near 152.Key Points:Recent Performance:USD/JPY has formed a higher trough at 141.60 and is currently in a short-term...
Israel is considering striking energy facilities in Iran – report
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 treasury auctions off $58 billion of 3-year notes at a high yield of 3.878%
High yield 3.878%WI level at the time of the auction 3.871%Tail: 0.7 bps vs six-month average of 0.0 bpsBid to cover: 2.44X versus six-month average of 3.57XDirects (domestic demand): 23.97% versus six-month average of 18.1%Indirects (international demand): 56.87%...
Atlanta Fed Pres. Bostic: Labor market has slowed down, but is not slowing or weak
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 treasury to auction off $58 billion of three notes at the top of the hour
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 officials fear that Israel will implement its response to Iran when Gallant in the US
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,...
Kinder Morgan buckling up pipeline in Florida.
Kinder Morgan says that it Shutdown pipelines that are part of Central Florida pipeline systemHas shutdown all terminals in Tampa FloridaCitgo is also shutting down its Tampa terminals as well. The oil platforms in the Gulf of Mexico are not impacted by the...
NZDUSD traders prepare for RBNZ rate decision and place the pair between 100/200 day MAs
The NZDUSD has been trending lower over the last 7 days of trading. That has helped to push the price down from a high of 0.6378 to a low of 0.6106 today. That is 272 pips in 7 trading days, which is a pretty good move.Today there is some up and down stall. Why?The...
European equity close: The China glow fades
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,...
Atlanta Fed Q3 GDPNow +3.2% vs +2.5% prior
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,...
AUDUSD falls below swing area low/61.8% retracement at 0.6744. That is key ST resistance.
The AUDUSD fell below the 200 bar MA on the 4-hour chart and the 50% retracement of the move up from the September low at 0.67813. That ignited more selling that has continued today with the price moving and staying below the 61.8% of the move up from the September...
Milton a Cat-4 storm and expected to remain as a major hurricane as it expands in size
Hurricane Milton rainfall warningsHurricane Milton is expected to be a devastating hurricane along the west coast of Florida and land late on Wednesday evening. The latest advisory from the NHC says Milton is forecast to retain major hurricane status and expand in...