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,...
NASDAQ index moves to new session highs
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,...
ECB’s Nagel: We assume German economy will slowly pick up some momentum again
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,...
European shares end the day higher
The major European indices are ending the day with gains. The gains are not on par with the China and Hong Kong gains of 4% but German Dax up 0.75% and France's CAC up 1.28% is not bad. The closing levels show: German DAX, +0.75%France's CAC +1.28%UK's FTSE 100...
USDCHF buyers took shot today above cluster of MAs but failed.Price tests downside target.
The USDCHF on Friday and again yesterday stalled against the 38.2% retracement of the move down from the mid-August high at 0.85172. The inability to get above that level gave the sellers a go-ahead to push lower. That downside momentum continued through support near...
USDCAD moves to a new low going back to September 6
The USDCAD is also moving lower and following the USD bias. The price is trading at the lowest level since September 6 when the price bottomed at 1.3465. That level was just above the August 30 low price reached at 1.34643 (double bottom). The low price today has...
NZDUSD rises up to test its 2024 high price with the dollar selling trend.
The NZDUSD is following the US dollar lower and in the process has moved up to test the 2024 high price which was reached on the first day of the trading year (January 2, 2024).That high price was at 0.63248. The high price today has reached 0.6325 - a fraction of a...
Israel Army reports killing of Ibrahim al-Qubaisi, Hezbollah rocket and missile commander.
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 dollar moves lower after weaker economic data
The USD is moving lower after the weaker than expected economic data. Richmond had composite index came in at -21 verses -19 last month. The consumer confidence came in at 98.7 versus 105.6 last month and 104.0 estimate. With the election forthcoming, it might not be...
US Conference Board consumer confidence for September 98.7 vs 104.0 estimate
Prior month 103.3 revised to 105.6Consumer confidence 98.7 vs 104.0 estimatePresent Situation Index 124.3 vs. 134.4 last monthExpectations Index 81.7 vs 82.5 last month.In August, the expectations index was above 80 for the second consecutive month. This month's...
Richmond Fed Composite index for September -21 vs. -13 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,...
More Fed’s Bowman: it is hard for the Fed to measure impact of immigration on labor mkt
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,...
Tech sector stabilizes: Insight into today’s diversified market movement
Stock heatmap by FinViz.com Tue, 24 Sep 2024 13:46:07 GMTSector OverviewThe US stock market exhibits diverse performance today, with notable stability in technology and gains in consumer electronics and cyclicals. The semiconductor segment, spearheaded by Nvidia...
US Conference Board consumer confidence for September vs 104.0 estimate (WHOOPS)
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 stocks are higher in early trading
The US stocks are higher in early US trading, but gains are relatively modest:Dow industrial average +76 points or 0.17% 42196.68S&P up 4.85 points or 0.09% at 5723NASDAQ index up 33 points or 0.19% at 18008The small-cap Russell 2000 is up 7.72 points or 0.35% at...
Crude oil extends to new highs
The price of crude oil has extended to a gain of two dollars at $72.36. That's up 2.77% on the day. The low price was at $70.47. J.P. Morgan Chase CEO Jaime DImon overnight reiterated his concerns about the growing risks of global instability, emphasizing that...
Feds Bowman: Dissent warranted by inflation still above target
Dissent to half-point cut warranted by inflation still above target, "measured pace of cuts more appropriate"Core inflation remains uncomfortably above 2% target with upside risks given ongoing growth in spending, wagesRecalibrating policy appropriate given progress...
Case Schiller Home price data for July 0.3% versus 0.4% 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,...
The FX Kickstart video looks at the EURUSD, USDJPY and GBPUSD from a technical perspective
It is important to understand what is driving market from a technical perspective. Technical levels give traders bias defining levels, risk defining levels and targets.Kickstart video I take a look at three of the major currency pairs - the EURUSD, USDJPY and GBPUSD -...
Forexlive European FX news wrap 24 Sep – Treasury yields extend gains on PBoC stimulus
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,...