AUDUSD trades up and downYesterday in the Asia/Pacific session, the price of the AUDUSD moved higher after the Aussie CPI data came in a touch higher than expectations at 3.5% versus 3.4% (YoY). That took the price of the AUDUSD above the high price from July and...
Nvidia remains lower by around 7% (as do the other Mag 7)
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 Bostick: On inflation, there is still distant to go
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,...
USDJPY moves lower and backing away from the 100 hour MA
With Nvidia lower in after-hours trading and the e-mini S&P lower, the USDJPY is also dipping to the downside, and the process, is moving away from 100-hour moving average (blue line on the chart below) at 144.66 along with a 50% midpoint of the move up from the...
Nvidia Jensen Huang can not lift Nvidia in after hours trading
The earnings call with Nvidia's Jensen Huang is coming to an end and has not provided any rebound in Nvidia shares in after-hours trading. At the end of the call, shares of Nvidia are trading down $-7.85 or -6.30% at $117.79. The closing level was at $125.61. The high...
Kickstart the FX trading day for Aug 29 w/a technical look at EURUSD, USDJPY & GBPUSD
In the kickstart video for the start of trading for August 29, I take a technical look at the EURUSD, USDJPY and GBPUSD. What levels are in play? What are the risks, and the targets for each and I also explain and show why those levels are important. IN addition, I...
NVIDIA earnings call LIVE
This article was written by Greg Michalowski at www.forexlive.com. MoneyMaker FX EA Trading Robot
Nvidia EPS $0.68 vs $0.64 estimate. Rev $30.04B dollars vs $28.5 billion estimate
Q2 EPS: $0.68 versus $0.64 estimate. Last year $0.27 last year. Revenue: $30.04 billion vs $28.5 billion estimate. Last year $13.51 billionData center: $26.3 billion versus $25.08 billion estimateAdjusted gross margins and 75.7% versus 75.5% expectedR&D expenses...
Forexlive Americas FX news wrap: US dollar firms ahead of Nvidia earnings
US sells 5-year notes at 3.645% vs 3.642% WIItaly plans to confirm it will bring deficit-to-GDP below 3% in 2026EIA weekly crude oil inventories -846K vs -2265K expectedEight things to look for in the Nvidia earnings reportSEC notifies NFT marketplace OpenSea that...
Major US stock indices close lower ahead of Nvidia earnings
The major US indices are ending the day lower. For the industrial average, it' snapped a 2- day record closing. The NASDAQ index fell -1.12% ahead of Nvidia's earnings to be released at 4:20 PM ET. Nvidia shares closed down $-2.69 or -2.10%.The final numbers for the...
What’s Ahead? Fed’s Bostic, ANZ business confidence & some key earnings ahead (i.e.Nvidia)
The economic calendar in the Asian Pacific session is light once again.Fedspeak will have Fed's Bostic speaking at 6 PM. On Friday, in interviews with Bloomberg TV and CNBC, Bostic stated that he estimates the long-run Federal Reserve rate at 3%. He emphasized that...
Eight things to look for in the Nvidia earnings report
Jensen HuangIt's a rare moment in global financial markets when everything hangs on a single earnings report. It's been similar for the past few quarters for Nvidia but this one lands at a particularly quiet moment for broader markets and has taken on extra...
SEC notifies NFT marketplace OpenSea that it’s likely to sue for securities law violations
The non-fungible token boom-and-bust is likely to go down in history as one of the all-time manias to go along with tulip bulbs and the dot-com bubble. It's probably the single-most stark example of the post-pandemic excess and the base for it all was OpenSea, which...
US stocks continue to struggle as the waiting game continues
Nasdaq Comp dailyThe Nasdaq is lagging, down about 1.6% as we wait for Nvidia earnings. Chipmakers are near the bottom of the charts as they will trade in-line with NVDA tomorrow but Starbucks, Netflix and Tesla are also notable laggards. One that's worth highlighting...
Sterling takes a break after three-week rally
GBPUSD dailyIt's been a sensational run for the pound over the past three weeks, culminating in a two-year high yesterday. Profit taking is the theme today with GBP/USD down 80 pips to 1.3174.Kier Starmer yesterday highlighted 'painful' choices that need to be made in...
US sells 5-year notes at 3.645% vs 3.642% WI
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,...
BOJ maintains rate hike outlook despite yen surge — MUFG
USDJPY dailyMUFG highlights that the Bank of Japan (BoJ) continues to signal potential rate hikes despite recent yen strength, with rising front-end yields expected to limit yen selling appetite.Key Points:BoJ's Stance: The BoJ has not shifted its monetary policy...
Fixed income market quiet ahead of today’s five-year auction
US 5 year notes dailyToday we get the second in a trilogy of Treasury auctions this week. It's a $70 billion sales of five-year year notes due at the top of the hour.Yesterday the market was anxious about a two-year sale but it went surprisingly well and there was a...
Italy plans to confirm it will bring deficit-to-GDP below 3% in 2026
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 down 5% in the third day of selling
Bitcoin made some headway last week as it broke out of a consolidation patter and looked well on its way to recouping the July-August losses. But the mood changed early this week and it's been steady selling, culminating in a 5% loss today.BTC dailyThe drop in bitcoin...