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,...
Economic calendar in Asia 10 May 2024 is unlikely to move FX too much
Japan was on holiday on Monday so today is bringing a barrage of data to catch up. None of it is likely to shift around the yen too much upon release. This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are...
Trade ideas thread – Friday, 10 May, 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,...
Mexican central bank rate decision: Rates unchanged at 11.0% as 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,...
More from Daly: Can’t count on productivity to save the US from inflation
Fed policy is restrictive but it may still take time to bring inflation downThe comments from Daly (and others) lately might as well say 'we have no idea what's going on, we're data watching like the rest of you'. There is a huge amount of money to be made by who...
Feds Daly :Last 3 mos. has left considerable uncertainty about next few mos. of inflation
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 stretches to a new high but running into 100/200 hour MA and retracement
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 Daly scheduled to be the next Fed official to speak post FOMC decision
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 US treasury auctioned off $25 billion of 30 year bonds at high yield of 4.635%
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,...
Israels Netanyahu:if we must stand alone, if we must fight w/only our fingernails we shall
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,...
More BOEs Pill: in absence of big disturbances to the economy, we will be cutting rates
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 treasury to auction off $25 billion of 30 year bonds at the top of the hour
The US treasury is to auction off $25 billion of 30-year bonds at the top of the hour. The auction success or failure will be judged on how the results of the major components, compares to the 6-month averages. High Yield:Previous: 4.671%Six-auction average:...
BOE Pill: We are more confident we can start to reduce policy restriction…
BOE Pill is now speaking and says: We are more confident we can start to reduce policy restriction, but we are not there yet.Need more data before moving toward lower rates.The GBPUSD moved higher helped by the USDs decline today (outweighed the BOE rate decision and...
WH Kirby: US believes there are better ways to go after what is left of Hamas
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,...
More from BOC Macklem: Higher rates will continue to restrain household spending
More from BOCs Macklem:Higher rates will continue to restrain household spendingWe are taking that into account as we think about what rates need to be to get inflation back to target.The focus today has been on the USD as it has declined after the US initial jobless...
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Goldman Sachs president Waldron: We are very bullish on AI
Goldman Sachs president John Waldron in an interview on CNBC says:We are very bullish on AI.US stocks are trading near highs. The NASDAQ index. Move down -60.78 points at session lows, but it's currently up around +37 points or 0.23% at 16339.The S&P index was...
AUDUSD and NZDUSD run higher w/the lower dollar. Pairs moving toward the next targets.
Both the AUDUSD and NZDUSD are moving higher on the general USD selling after the weaker than expected initial jobless claims.For the AUDUSD, that move has taken the price away from its 100-day moving average at 0.6574, and toward its 50% midpoint of the move down...
EURUSD runs higher. USD move to the downside continues
EURUSD runs higher on dollar selling. Above 100-hour MA.The USD is coming under increasing pressure. The US initial jobless claims came in weaker and that started the decline. For the EURUSD, it is moving above a technical area defined by a swing area between 1.0752...
USDCAD moves to a new low and trades below cluster of MAs
The USDCAD is breaking below a cluster of MAs including the 100 and 200-hour moving averages and the 100 bar moving average on the 4-hour chart. Those levels come between 1.3700 and 1.37102. If the price, stays below those MAs, the bias shifts more to the sellers at...