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,...
Reserve Bank of New Zealand rate cut next week, 97% chance of a 50 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,...
Consensus for an October European Central Bank rate cut basically locked in
A note from Commerzbank on what is expected from the European Central Bank on October 17. TLDR is a 25bp rate cut.The analysts argue that the primary driver behind the European Central Bank's (ECB) current stance is the collapse of eurozone inflation expectations....
Bitcoin price little changed on news of Satoshi Nakamoto name reveal
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,...
Bitcoin creator Satoshi Nakamoto has been identified – will be revealed in a TV show!
A TV documentary maker has said he has found Satoshi Nakamoto's identity, which is the fake name used by the creator of Bitcoin.The name will be revealed in a new HBO documentary, set to air Wednesday October 9 at 9 p.m. US Eastern time Politico with the heads up,...
Forexlive Americas FX news wrap: ISM services jumps higher
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 major stock indices move lower ahead of the US jobs report
The major indices are closing lower on the day with the Dow and the Russell 2000 doing the worst ahead of the US jobs report tomorrow. The final numbers are showing:Dow industrial average -184.73 points or -0.44% at 42011.59S&P index -9.60 points or -0.17% and...
Economic calendar in Asia 04 October 2024 – a light one
Mainland China remains on holiday, markets there reopen on Tuesday October 8. Hong Kong is, of course, open. The Hang Seng index had a retracement fall yesterday. On the data agenda, Australian housing finance is about it. This is unlikely to move AUD too much upon...
Trade ideas thread – Friday, 4 October, insightful charts, technical analysis, ideas
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 does not believe Israel has decided on response, including on whether to hit oil
The leadership of Israel is being pushed and pulled in both directions. As the FT report highlighted, the US might not feel it has control of Netanyahu. For what it's worth, former Trump advisor and uberhawk John Bolton is out saying he thinks Israel will hit...
US believes Israel response on Iran will be measured enough to avoid escalation
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 EURUSD has nearly retraced the run higher from September low
The EURUSD has been trending to the downside this wee. Recall from Monday trade, the high price extended above Friday's high but not Wednesday's high. It did move above the double top going back to August 23 and August 26 (see red numbered circles and topside yellow...
G7 statement: We unequivocally reiterate our commitment to security of Israel
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,...
September non-farm payrolls preview by the numbers: Beware the seasonal pattern
Consensus estimate +140K Estimate range +70K (Citi) to +220K (Jeffries)August was +142K Private consensus +125K versus +118K priorUnemployment rate consensus estimate 4.2% versus 4.2% priorPrior participation rate 62.7%Prior underemployment U6 7.9% Avg hourly earnings...
US crude oil futures settled at $73.71
The price of crude oil futures are settling at $73.71. That is up $3.61 or 5.15%. The high price reached $73.92. The low price today reached $70.56.Looking at the daily chart above, the price is trading at the highest level since September 3, and above the 38.2%...
EURCHF stuck in its own up and down trading range
While the USDCHF pushes the topside of the "Red Box" today that has confined the pair going back to August 20, the EURCHF is mired within its own confined range.Apart for a time period between April 10 and April 11, the price of the EURCHF has been confined to a range...
Gold consolidating recent gains near highs
Gold has been consolidating in up and down trading this week. The high price was reached on Tuesday at $2673.14. That was just above the all-time high close was reached last Thursday at $2672.03. The low price this week was reached on Monday at $2624.82. The current...
Israeli media & Sky New Arabia is repeating that an Israeli response will be within days
The US did not urge Israel to not retaliate like they did no April. but the US did say that they did not condone a strike of Iranian nuclear facilities as a caveat.Meanwhile Isreal is continuing their assault in Beirut, Lebanon and targetting Hezbollah strongholds and...
Fed’s Goolsbee: Retailers stockpiled ahead of the dockworker strike
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US net hiring remains negative, signaling continued labor market softness
Eyes are on the US jobs market as the Fed tries to keep unemployment from rising above 4.4%. Some highlights of the Challenger report:September job cuts up 53% y/y, but down slightly from AugustLayoffs 69% above pre-COVID average in September, improving from 81% in...