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,...
GBPUSD falls to new lows as traders focus on the 38.2% of the move up from September
The GBPUSD is moving to a new low an din the process is moving further away from swing area above between 1.33308 and 1.33393. On the downside, the 38.2% is the next key target for traders which comes in at 1.32683. Below that and the rising 100 bar MA on the 4-hour...
Dallas Fed September service sector outlook index -2.6 vs -7.7 prior
Prior was -7.7Revenue index +10.1 vs +8.7 prior (highest in 13 months)Employment +2.0 vs +0.6 priorCompany outlook +1.2 vs -3.1 priorSix month index +17.4vs +12.4 priorComments in the report:Utilities I feel the economy is getting better.Professional, scientific and...
USDCAD moves lower to test rising 100 hour MA
The USDCAD pair has moved lower during the North American session as declining US yields and rising oil prices weigh on the pair. Technically, the price has fallen below the 200-hour moving average at 1.3509, while finding support near the rising 100-hour moving...
US expects Iran attack similar in scope to April strike
In April, Iran launched around 170 drones, over 30 cruise missiles, and more than 120 ballistic missiles towards Israel. Most were shot down while a few landed near Israeli military facilities.CNN cites a senior White House correspondent saying the attack looks to be...
US August construction spending -0.1% vs +0.1% expected
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,...
JOLTS job openings 8.040M vs 7.660M estimate
Prior month 7.673M revised to 7.711MJob openings 8.040M. Vacancy rate 4.8% versus 4.6% last month Quits rate 1.9% versus 2.0% last month (revised from 2.1%)Separations rate 3.1% versus 3.2% last monthDetails:1.3 million fewer openings than the previous yearIncreases...
US September ISM manufacturing index 47.2 vs 47.5 expected
ISM manufacturingPrior was 47.2Prices paid 48.3 vs 54.0 priorEmployment 43.9 vs 46.0 priorNew orders 46.1 vs 44.6 priorProduction 49.8 vs 44.8 priorSupplier deliveries 52.2 vs 50.5 priorInventories 43.9 vs 50.3 priorBacklog of orders 44.1 vs 43.6 priorNew export...
Mixed market signals: Technology sector shows resilience amid financial sector dips
Stock heatmap by FinViz.com Tue, 01 Oct 2024 13:46:04 GMTThe U.S. stock market today presents a blend of cautious optimism and sector-specific setbacks, as evidenced by the latest heatmap data. Let's dive into the details:📈 Technology Sector: Steady Growth with...
US Sept S&P Global final manufacturing PMI 47.3 vs 47.0 prelim
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,...
Risk assets drop, oil jumps on fear of a Middle East war
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 stocks move lower at the open
The US stock is taking on some downside heat at the open as Axios reports that Iran is planning an imminent attack on Israel. A snapshot of the market 7-minutes into the open is showing:Dow industrial average is down -303.11 or -0.72% at 42027.04.S&P is -41.57...
US has indications that Iran is preparing missile attack against Israel – report
From Axios' Barak Ravid:Senior White House Official tells me: “The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel"He continues:Senior White House Official:“We are actively supporting defensive...
Canada September S&P Global manufacturing PMI 50.4 vs 49.5 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,...
France’s Barnier: I plan to reduce deficit to 5% of GDP in 2025
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 stocks had the best three-quarter run since 1997. How did they do then?
S&P 500 futures are pointing modestly lower today but it's been the best year-to-date run through three quarters since 1997. That year the market ran up nearly 30% as it was hyped by a technological breakthrough (sound familiar?) and a surprisingly strong...
In the kickstart video for Oct 1, I take a technical look at EURUSD, USDJPY and GBPUSD
In the kickstart video for October 1, take a technical look at the EURUSD, USDJPY and GBPUSD. What are the trading biases? Where are the target? Where are the risks?In the EURUSD, the price moved sharply lower helped by weaker PMI and/CPI data. The next key target...
S&P 500 seasonality points to Q4 rally in election years, but beware October volatility
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,...
Canadian private sector job vacancy rate plummets to lowest level since 2016
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 Japan PM Ishiba: Japan on the cusp of making complete exit from deflation
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,...