The S&P index is closing at another record high. The index is up 23.11 points or 0.40% at 5745.37. The new intraday all-time high comes in at 5767.37.The Dow industrial average also rose 5 260.36 points or 0.62% at 42175.11, and the NASDAQ index gained 108.09...
Economic calendar in Asia Friday, September 27 – Japan inflation indicator (Tokyo CPI)
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,...
Trade ideas thread – Friday, 27 September, 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,...
How Goldman Sachs is reading the latest China news
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 technical look at the commodity currency pairs. AUDUSD, USDCAD and NZDUSD.
In this video, I take a look at the three major commodity currency pairs vs the USD: The AUDUSD, USDCAD and NZDUSD. The AUDUSD has been testing swing highs going back to June and July 2023 both yesterday and today. Yesterday the price moved above does highs between...
October forex seasonals: It’s harvest time
When markets open up on Monday, it will be October. Notably, Chinese markets will be open Monday as the Chinese Communist Party celebrates 75 years in power. From there, Chinese equity markets will be closed for the remainder of the week.That's an important detail...
EURUSD buyers take the price up to overhead swing area resistance
The EURUSD started the day with volatile up-and-down price action. The price was trading above and below 100/200 hour MAs indicative of uncertainty from buyers and sellers. IN the morning video, I talked about the buyers and sellers uncertainty given the volatile...
Japan will choose a new Prime Minister on Friday
USDJPY dailyJapan’s ruling party will vote for a new leader on Friday who will almost-surely be the country's Prime Minister shortly afterwards. Current PM Fumio Kishida has stepped down and the new leader may take a more-active role in directing the Bank of...
US treasury sells $44 billion of 7- year notes at a high yield of 3.668%
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 sell $44B of 7 year notes at the top of the hour
The US Treasury will auction $44B of 7-year notes at the top of the hour. The auction results will be compared to the 6-month averages of the major components. One component is the Tail The tail is the difference between the WI level (when issued level) at the time of...
The USDCAD is consolidating with a key swing area target putting a lid on the pair
In the post yesterday on the USDCAD, I spoke of support on the daily chart going all the way back to February 2024 and March 2024. Those lows came in at 1.3412 and 1.3419. Yesterday the low price reached 1.34189, and started to bounce. In that same post I talked about...
US dollar slumps as the market leans into China stimulus
We're sorting through some quarter-end flows at the moment so I'm suspicious of FX moves but the euro, pound and antipodeans in particularly are climbing on this move in the dollar. China didn't offer a full picture on fiscal support today but said it would offer the...
The GBPUSD held support at the 100 hour MA today and is trading to a new high
In the Kickstart video from earlier this morning, I highlighted the 1.3348 as the key barometer on the downside for the GBPUSD today. Move below it would be more bearish. Stay above it would be more bullish. This is the reference to that level:Looking at the current...
European equity close: Big gains across the board
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,...
Kansas City Fed manufacturing index for September -18 versus +6 last month
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,...
MUFG: Yen outlook amid upcoming LDP leadership election
Sanae TakaichiThe vote will take place Friday afternoon, with results of the first round scheduled to be announced at 2:20 p.m. There will be a runoff if the top candidate fails to win a majority, with the results to be announced at 3:30 p.m. Tokyo time.MUFG...
NASDAQ index erases its gains
The NASDAQ index was up 245.13 points at its session highs this morning, and moved to down -10.47 points. It is currently trading up 32 points or 0.18% at 18115.90.Helping to contribute to the declines was a report from the Wall Street Journal that Super...
How to Optimize Your Crypto Holdings
Trying to make your crypto holdings better? The main techniques for improving and managing your Bitcoin investments are covered in this article. You will gain knowledge of sophisticated procedures, risk management, tax advice, portfolio analysis, asset...
Fed’s Cook: Optimistic AI can boost productivity
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 10 year yield rises to the highest level since September 4
The US 10 year yield has risen to its highest level since September 4. The yield is currently at 3.817%. That's up 3.6 basis points on the day.The low yield for September has reached 3.599% (call it 3.60%). Since then, the yield is up 21.7 basis points. The Fed cut...