The US session was informed most by the University of Michigan consumer sentiment preliminary data which showed a sharp decline in the sentiment index to 67.4 from 76.0 . The expectations also fell sharply to 66.5 from 75.0 and current conditions also tumbled to 68.8...
US major indices close mixed with Nasdaq modestly lower. Dow up for 8th day in a row
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,...
What company earnings will be released in the week starting May 13
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,...
What key economic events the releases are on the schedule starting May 13?
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,...
Goolsbee and Kashkari: In a wait-and-see mode.
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 federal budget for April surplus $210.00 billion versus $244 billion estimate
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Enter the Wasteland: Survive & Thrive in a Post-Apocalyptic Playground with DECIMATED
As the digital dawn of gaming rises, the visionary minds behind DECIMATED are ecstatic to unveil their groundbreaking foray into the desolate yet captivating future of online gaming. DECIMATED, a novel 3rd person PvP and PvE online game experience, invites players to...
Chicago Fed Pres. Goolsbee: Feds inflation target acts as an anchor on expectations
Minneapolis Fed Pres. Kashkari invited Chicago Fed Pres. Goolsbee for a chat moderated by CNBC Liesman. It seems to be underway with comments starting to trickle in.Chicago Fed Pres. Goolsbee:Fed 2% inflation target next as in anchor on expectationsShort run inflation...
Baker Hughes oil rig count -3 to 496.
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 Kashkari and Goolsbee are ahead
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 godfather of quants dies: Jim Simons dead at 86
Jim SimonsThe family of one of the greatest investors in history died today at 86.I was speaking about Simons earlier today in a webinar so it's a terrible coincidence that he died on the same day.Simons didn't start investing until the second half of his life,...
McDonalds is preparing a $5 deal meal promotion
McDonalds is preparing a $5 deal meal promotion. Needless to say, the cost of food has been rising and there are no bargains at the fast food restaurants either. Are consumers starting to show their unease with price rises by voting with their pocketbooks? Looking at...
MUFG trade of the week: Buy EUR/USD
EUR/USD daily MUFG Research exited its long AUD/NOK position, stayed long EUR/GBP, and added a new long EUR/USD position to its trade-of-the-week portfolio. MUFG maintained a long EUR/GBP position with a target at 0.8700, and a stop at 0.8450. MUFG also opened a long...
Population growth drove the Canadian jobs surprise — CIBC
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,...
Why the bond market might be overreacting to rising UMich inflation expectations
There were two opposing signals in today's preliminary May consumer sentiment survey from the University of Michigan. The dovish indication came from the main sentiment reading, which plunged to 67.4 compared to 76.0 expected.However the bond market instead focused on...
US Dollar Gains Ahead of US CPI Data; Setups on EUR/USD, USD/JPY, GBP/USD
Most Read: EUR/USD, USD/JPY, GBP/USD – Technical Analysis and Price OutlookThe U.S. dollar asserted its strength on Friday, riding on higher U.S. Treasury yields in anticipation of next week's highly awaited U.S. consumer price index data. Investors are closely...
European indices close higher. German Dax, France CAC & UK FTSE 100 close at record levels
The major European indices are closing higher on the day, and higher for the week. Moreover, the German DAX, France CAC, and UK FTSE 100 are all closing and record high levels. Expectations for lower rates are nothing risk-on flows.A snapshot of the closing levels...
White House Brainard: Debt ceiling fights have been unproductive
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,...
Pres. Biden is set to quadruple tariffs on Chinese EVs: WSJ
The Wall Street Journal is reporting that Pres. Biden is set to quadruple tariffs on Chinese EVs, keeping the low-cost EVs out of the US market and protecting US EV manufacturing. Meanwhile, there was report yesterday, that former Pres. Trump hosted oil executives...
2-for-1: A technical look at the AUDUSD and NZDUSD as the USD gets bid
The University of Michigan inflation expectation data sent the US dollar higher and the AUDUSD and NZDUSD pairs lower. Those moves to the downside, extended each pair to new session Lois, and in the process, each are also testing their 100-hour moving averages. Both...