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,...
Baker Hughes oil rig count -5 at 479
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 AUDUSD is lower and below a key downside target.What next for today and going forward
The AUDUSD moved sharply lower in US trading today on the back of the stronger US jobs report. The move lower took the price below the 38.2% retracement of the move up from the September 11 low at 0.6819 and also the rising 100 bar moving average on the 4-hour chart...
USD/JPY nears 149.00 as ten-year yields near 4%. Watch both
US 10 year yields dailyIt looks like Treasuries want to test 4%.Back-tracking a few weeks, the 3.6% level was a recession trade but with the US economy looking stronger now, it's safer to price the bottom of Fed funds at 3% or 3.50%. Add in some term premium and 4%...
European equity close: Decent finish but down on the week
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,...
JPMorgan now sees the Fed cutting by 25 basis points
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,...
Bank of America now sees Fed cutting 25 bps in November from 50 bps
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 USDCAD runs higher after the US jobs report.What next technically for traders ?
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 Goolsbee: Will have discussions about what rate we need to ultimately settle on
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,...
USDCHF breaks out. The pair surges outside the “Red Box” after stronger US jobs report
The US jobs report has sent the USDCHF, finally outside of the up and down trading range that has mostly confined the pair between 0.8399 and 0.85368. The price was trading near 0.85166 ahead of the report, and has now surged up to 0.8607. At the high, the price has...
Fed’s Goolsbee: This is a super jobs 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,...
This was the early tell in the recession reversal trade
Economic forecasting isn't easy.At various points over the last two years it looked like the US was slowing down dramatically. At the start of 2023, a looming recession call was the consensus forecast. This year, as some economic indicators deteriorated, those calls...
Tech sector rallies: Innovation fuels market gains
Stock heatmap by FinViz.com Fri, 04 Oct 2024 13:46:05 GMTSector OverviewToday's market heatmap reveals that the technology sector is leading the charge with notable gains. Among the top performers is Broadcom (AVGO) with a significant rise of 2.33%, supported by gains...
US stocks higher as buyers cheer the stronger jobs report
The major US stock indices are higher in early trading as buyers share the stronger US jobs report and hope that inflation remains contained. A snapshot of the market 11 minutes into the open is showing: Dow industrial average up 253.78 points or 0.66% at...
The US jobs report sends the USD higher but what about the technicals for 3 major pairs
The US jobs report came in much stronger than expected and that has sent the US dollar to the upside as the initial reaction. Yields are higher and the stock markets are higher as well.In this video, I take a look at three of the major currency pairs from a technical...
Fed’s Williams doesn’t comment on monetary policy or the outlook
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,...
Good news is good news: US stock futures jump
The US looks like it's heading for a soft landing.The unemployment rate fell to 4.0510% compared to 4.220% previously and adds downside risks to the Fed's year-end dot at 4.4%. It also reverses some recent upwards momentum.US unemployment rateThe rates market is now...
Fed’s Williams set to speak 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,...
The stronger US jobs report sends the USD higher. Yields higher. Stocks higher
The US dollar has moved to the upside after the stronger-than-expected US jobs report. The unemployment rate dipped to 4.1%. The nonfarm payroll was much stronger than expected at 254K versus 140K estimate. That's a highest level since March when nonfarm payrolls rose...
US September non-farm payrolls +254K vs +140K expected
nonfarm payrolls chartTwo-month net revision: +72K vs -86K priorUnemployment rate: 4.1% vs 4.2% priorUnrounded unemployment rate: 4.0510% vs 4.220% priorParticipation rate: 62.7% vs 62.7% priorPrivate payrolls +223K vs 118K priorPrior private payrolls +118K revised to...