From China today are Q4 GDP and December 2024 economic indicators (retail sales, industrial production and fixed asset investment). In November 2024, China's economic indicators presented a mixed picture:Retail Sales: Increased by 3% year-on-year, a slowdown from...
Trade ideas thread – Friday, 17 January, 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,...
Biden Administration does not plan to take action on TikTok on Sunday
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Sellers are making a play in the USDCHF. Can they keep the momentum going?
THe USDCHF felll sharply after yesterday's US CPI and in the process fell below its 200 hour moving average (green line on the chart below currently at 0.9119). However, the momentum could not be sustained, and a snapback rally ensued with the price moving back to and...
Crude oil settled at $78.68
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,...
Microsoft is upping US consumer Office cost by $3.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,...
Fed’s Goolsbee: Has grown less concerned about labor market slowdown
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,...
BOC Granvelle:A Trump tariff on exports would have big negative impact on economic growth
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 Senate leader Schumer: TIkTok has too many security risks that cannot be ignored
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,...
AUDUSD buyers base the pair a swing area today, but the double-top this week looms
The AUDUSD started the day today testing the high from yesterday at 0.6257 and finding willing selllers. The double-top increases the levels importance today and going forward. If the buyers are to take more control, getting and staying above that level is required....
The World Bank forecasts global growth of 2.7% in 2025 and 2026, unchanged from 2024
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,...
Atlanta Fed GDP now Growth estimate for Q4 rises to 3% from 2.7% last
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,...
Gravelle: BOC expects to announce end of quantitative tightening in 1H of 2025
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,...
Present electron considering executive order to circumvent the TicTok ban
The New York Times reporting that President-elect Trump is considering an executive order to circumvent the TIcTok ban. The order would allow TicTok to continue to operate until a new owner is found. The Supreme Court is poised to decide on a federal law mandating...
European indices closes day mostly higher. France’s CAC outperforms. Spain’s Ibex doesn’t.
The major European indices are closing the day mostly higher. The exception is Spain's Ibex. France's CAC have performed with a gain over 2%.A snapshot of the closing levels shows:German DAX +0.29%France's CAC +2.14%UK's FTSE 100 +1.09%Spain's Ibex -0.49%As...
USDCAD continues its ups and downs. Today is an up day
The USDCAD moved lower again yesterday but when the price tested a swing area between 1.42969 and 1.4304, sellers turned the buyers once again and the price bounced higher (see renumbered circles and low of red box on the chart below).In trading today, the price has...
Tre Sec nominee Bessent:Will revive American economy through progrowth regulatory policies
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 Waller: December inflation data was very good
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,...
NAHB price index for December 47 versus 45 estimate
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US business inventories for November +0.1% versus 0.1% estimate
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