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,...
RBNZ rate decision in the new day and the NZDUSD is breaking to a new low. What next?
The Reserve Bank of New Zealand (RBNZ) is set to announce its interest rate decision in the upcoming trading session, with expectations leaning toward a 50 basis point rate cut, lowering the benchmark rate from 4.75% to 4.25%. The NZD/USD pair has been in a steady...
US Pres. Biden is expected to say that the US and France had secured a cease-fire deal
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 and US stocks turn higher
There is an impressive turn unfolding in US equities and crypto.The S&P 500 is now up 22 points to a session high in a 0.4% gain. The index had fallen to nearly flat before rebounding strongly in the past hour. Similarly, bitcoin is now up 0.8% to $94,400 after...
European equity close: The return of Tariff Man bites
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,...
BofA: Gold faces near-term headwinds but potential for $3,000 in 2025
AI imageBofA highlights four key policy dimensions of the incoming US administration that could suppress gold demand in the near term by driving higher rates and a stronger USD. However, these bearish factors do not derail BofA's longer-term bullish outlook for gold,...
Bitcoin continues its correction lower today from near 100K levels. What next technically?
The price of Bitcoin surged sharply following President-elect Trump's victory, climbing from $66,798 on November 4 to $99,800 by Friday. However, over the weekend, the price corrected lower, and this downward momentum continued into Monday and today. The decline has...
US dollar firms as Treasury yields unwind the Bessent drop
US Treasury yields are at the highs of the day, up 4-6 bps across the curve in a move that unwinds nearly half of the drop yesterday. With that, the US dollar is making headway. The pound had traded higher against the US dollar but has now reversed course and is down...
Dallas Fed Texas services outlook +9.8 vs +2.0 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,...
US October new home sales 0.610m vs 0.725m 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,...
US November consumer confidence 111.7 vs 111.3 expected
Prior was 108.7 (revised to 109.6)Present Situation Index 140.9 vs. 138.0 priorExpectations Index 92.3 vs 89.1 prior12-month inflation expectations declined from 5.3% last month to 4.9%“Consumer confidence continued to improve in November and reached the top of the...
Richmond Fed composite index for November -14 versus -10 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,...
A trio of US economic data releases are due at the bottom of the hour
Powell checks the calendar (AI image)It's been a slow start to the week for economic data but picks up at the top of the hour with a trio of releases:Consumer confidenceNew home sales The Richmond Fed's services indexConfidence is an interesting one because the survey...
Market optimism: Microsoft and Nvidia lead gains, healthcare stocks surge
Stock heatmap by FinViz.com Tue, 26 Nov 2024 14:46:11 GMT🌟 Sector OverviewToday's stock market heatmap reveals a day of notable optimism across several key sectors. The technology and healthcare sectors emerged as the day's big winners, while industrial stocks faced...
Kickstart the trading day with a technical look at the EURUSD, USDJPY, GBPUSD & USDCAD
The USD moved higher vs the EUR, JPY, GBP and the CAD after Pres. elect Trump said he would impose tariffs on 25% vs Canada and Mexico goods, and a 10% blanket tariff on all China goods. The dollars gains on the comments were short lived vs the EUR, GBP and JPY, but...
US stock futures shrug off tariffs and Best Buy earnings
S&P 500 futures premarketUS stocks aren't phased by Trump's latest threats of tariffs on Canada, Mexico and China. S&P 500 futures are up 17 points, 0.3%, ahead of the open, which is the best level in the pre-market session.One warning sign on the consumer...
G7 draft: Ministers concerned about China’s non-market policies and overcapacity
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,...
Case Shiller 20-city September US home prices +0.2% m/m versus +0.3% 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,...
BOC’s Mendes: We will incorporate political policies once we actually see the specifics
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,...
Tariff man has lost his fastball
Tariff threats don't hit like they used to.Trump roiled markets early in Asian trading with a threat of 25% tariffs on Mexico and Canada. Bizarrely, he tied both tariffs to border security. Now I understand the sentiment on Mexico, which is something he's been...