Morgan Stanley say they "remain bullish on our call for three 25bp rate cuts this year". Remain bullish? OK then. They expect the first Federal Open Market Committee (FOMC) cut in September. MS' previous forecast was for July. MS say the reason for the delay in the...
Economic calendar in Asia for Wednesday 08 May 2024 is empty
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Trade ideas thread – Wednesday, 8 May, insightful charts, technical analysis, ideas
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USDCAD runs higher and breaks through a series of technical targets along the way.
The USDCAD has made a move to the upside today with the help of technical breaks through some key moving averages. More specifically, the.100 and 200 hour moving averages were broken near the same level at 1.3688100 bar moving average on the four hour chart was broken...
Crude oil futures settle at $78.38
Crude all futures are settling at $78.38. That is down $-0.10 or -0.13%.The high price today reached $79.13. The low price was at $78.58. At the session low,, the price briefly moved below the 50% midpoint of the move up from the December low to the April 2024 high at...
S&P index tops out at 5200 and reverses lower
The S&P has he raised it against and trades near unchangedAfter trading up to an intraday high of 5200.23 – a nice round number for the index - the S&P index has reversed to the downside and now trade near unchanged at 5180.60. At session highs, the index was...
EURUSD trades toA new low for the day/week and approaches a key target support level
The EURUSD is falling to a new session low for the day and a new low for the 2-days of the new trading week. The move lower has the pair moving downward toward its 200 bar moving average on the 4-hour chart, The broken 38.2% retracement of the move down from the March...
Fed’s Kashkari: Too soon to declare we are stalled out on inflation
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Russia’s Novak: There are no discussions about oil output increases at OPEC+
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US sells 3-year notes at 4.605% vs 4.608% WI
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US treasury to auction off $58 billion of 3-year notes at the top of the hour
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Altimeter’s Brad Gerstner: Taking a little off with the risks makes sense
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European indices close the day with solid gains. A snapshot of the markets as Europe exits
Major European indices are closing with solid gains. Traders in the UK returned from the weekend holiday and push the UK FTSE 100 to new record levels. Spain's Ibex rises 1.5% followed closely by German DAX.The final numbers are showing:German DAX +1.40%France CAC,...
Rafah operation will continue until Hamas eliminated or 1st hostage returned
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ECBs Nagel: ECB cannot be lenient with structural inflationary forces
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Minneapolis Fed Pres. Kashkari: The most likely outlook is the Fed stands put on rates
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AUDUSD bounces ahead of the 100-day MA today. What next technically for the pair?
The AUDUSD moved higher to retest the swing area ceiling area before the RBA rate decision and found willing sellers. That ceiling area comes in between 0.6635 and 0.6648. The rotation lower after the rate decision, took the price down toward the 100 day MA at...
Summary of press release from Apple on the new iPad launch.
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If there is no progress in Cairo talks, we will move to second phase of Rafah operation
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Apple iPad event in process. What about the technicals for Apple
The Apple iPad event is ongoing with the company announcing a new iPad air, including first larger version. The new iPad air is 50% faster and has an M2 chip. The price starts at $799.Other products will also be announced.What about the price action and the...