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Australia Current account balance -14.1B vs -10.0B 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,...
Japan’s Nikkei futures up 0.49%
Japan's Nikkei futures are off to a good start with a gain of 0.49%. Yesterday the Nikkei 225 index rose 305 points or 0.80%.Looking at the Nikkei 225 daily chart, the price has been waffling back and forth between 37,713 and 39,800 since September 20. The 100-day...
GBPUSD falls on Monday but bounces off a key downside target What next?
The GBP/USD moved lower on Monday after peaking near a swing area around 1.27159, where sellers emerged to cap the upside. The subsequent decline saw the pair break below several key technical levels, including the 100-bar moving average on the 4-hour chart (1.2676),...
Australia’s S&P/NAS X 200 index rises to a new all-time high
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 Fed Williams: Direction is toward lower rates over time
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,...
e-Mini S&P opens up flat after-hours trading
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 bounces off support but sellers remain in control
The EUR/USD moved lower on Monday, erasing much of last week’s gains. However, the pair found support near a key swing area between 1.0448 and 1.0461, where buyers stepped in to halt the decline. This level remains a critical support zone for the pair.Following the...
More from Fed’s Williams: Labor market softer but still pretty solid
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,...
New Zealand data: Q3 2024 Terms of trade +2.4% q/q (expected +1.8%)
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,...
NY Fed Pres. Williams: Expects more rate cuts to happen over time
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,...
Forexlive Americas FX news wrap: US dollar starts strong but gives it back
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,...
S&P and Nasdaq close at record levels to start the new month
The major stock indices in the US are closing mixed with the Dow industrial average lower, the broader S&P and NASDAQ indices are higher. The small-cap Russell 2000 was little changed. Both the S&P and NASDAQ indices closed at record levels The final numbers...
Sad day for markets: Art Cashin dead at 83
Art CashinIt's a sad day in markets as long-time CNBC voice Art Cashin is dead.He was truly one of the best analysts. He was in the trenches for a long time and was full of wisdom. His title was UBS’ director of floor operations at the New York Stock Exchange and was...
Waller Q&A: Average inflation target framework “blew up” very quickly
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,...
Fed’s Waller speech: ‘I lean towards supporting a cut in December’
Christoper WallerThis is dovish stuff from Waller, who is the most-hawkish governor. To me, it makes it highly likely we will get a cut this month even if the jobs report is hot.One could argue a case for skipping a rate cut in December, will be watching data closely...
Goldman Sachs: We expect Trump’s tariff increase to fuel USD strength in 2025
Goldman Sachs anticipates President-elect Trump’s proposed tariff hikes—expected to be double the size of the previous round—combined with tax cuts, to significantly bolster the USD in 2025, despite initial market volatility.Key Points:Aggressive Tariff...
France no-confidence vote likely to come on Wednesday
French left and right wing parties have both pledged to bring down Michel Barnier's government and Reuters reports that the vote is likely Wednesday.The move comes after Barnier and Macron tried to use constitutional amendments to push through a budget.If the...
Bitcoin falls to the lows of the day, breaks $95,000 to the downside
There is a divergence unfolding with the Nasdaq up 1% but bitcoin now at the lows of the day, down nearly 3%.Bitcoin had showed some strength early in US trading but couldn't crack $97,500 and sellers have now taken over in a relatively quick drop to $94,500, which is...
Here are the top priorities of Republicans in the upcoming term
Republicans have a small House majority at 220-215 so it will be tough to get a consensus on everything and that majority will shrink further with some set to join Trump's White House. In the Senate, they can only afford to lose 3 votes as well and there are some...