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,...
Here’s a forecast for USD/JPY to 165 ICYMI
Bloomberg conduct survey's of FX forecasts, and it ranks the most accurate analysts. For yen projections, the top spot for Q1 was held by Alvin Tan, head of Asia FX strategy at RBC Capital Markets.Bloomberg report on his outlook, which is a risk of USD/JPY hitting...
Apple EPS $1.53 versus $1.50 exp. Revenues $90.75 billion versus 90.01 billion exp
Earnings Expectations:Earnings per share (EPS): $1.53 vs $1.50 expectations. BEATRevenue: $90.75 vs $90.01 billion expectations: BEATPerformance by Business Unit:iPhone revenue: $45.96 billion versus $46.00 billion expectationsMac revenue: $7.45 billion versus $6.86...
Jack Dorsey’s Block says it will buy bitcoin every month with 10% of its gross profit
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 Lane says the Bank is not pre-committing to a particular rate path – data dependent
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 close solidly higher led by Nasdaq/Russell 2000
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,...
Forexlive Americas FX news wrap: USD/JPY falls back to 153
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 Friday, 3 May 2024
Lower-tier data releases only today, from Australia. ECB's Lane is up really soon, let's see what he has to say - a June rate cut seems to be the hot topic. This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are...
Trade ideas thread – Friday, 3 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,...
USD/JPY hits the intervention low as a wild day for the pair wraps up
USD/JPY 30 minsUSD/JPY is back down to the intervention lows.It's been a crazy day and week for this pair as it's traded in wide ranges and with huge swings due to intervention and dip buying.The market is acting like it's:1) Scared of more intervention2) Worried...
Australian dollar nears the highs of the week as risk trades continue to improve
AUD/USD 30 minsThe mood in markets continues to improve as traders digest yesterday's FOMC decision. The initial reaction was to sell the dollar and buy risk assets but it was swamped late yesterday by a curious round of selling. That pressure has slowly faded and now...
Preview: April non-farm payrolls by the numbers — the highest consensus since 2022
AI imageWhat's expected:Consensus estimate +243K (range +150 to +280K)Private +190K estimate vs +232K priorMarch +303KUnemployment rate consensus estimate: 3.8% vs 3.8% priorParticipation rate: 62.7% priorPrior underemployment U6 7.3%Avg hourly earnings y/y exp +4.0%...
S&P index trades near highs. Remains between 100 day MA below/50 day MA above
S&P index trades between 50 and 100 day MAsThe S&P index is trading higher and near session highs. The current price is up 36 points at 5054.25. The high for the day reached 5058.01. That puts the price near the middle between key day MAs. On the downside, is...
Bill Gross: Look for 10-year yields to rise above 5% over the next 12 months
US 10-year yieldsUS 10-year yields have reversed lower today after an earlier climb. That turn is weighing on the US dollar and boosting stocks.PIMCO co-founder Bill Gross doesn't believe it will last. The 80-year-old former Bond King released a rare investment...
EURGBP found support near swing floor area.
The EURGBP has been moving up and down for most of 2024. Last week, the buyers broke higher and in the price extended above the 200-day MA and the 50% of the move down from the December high near 0.8606 area. Momentum last week sent the price to 0.8643 before rotating...
Nasdaq shifts into high gear, up 1%
Nasdaq 5 minsThe Nasdaq has extended its gains to 1.1% today as it chews into the late-day drop from yesterday. Importantly, the earlier series of highs in the 15,750 range have given way. The index has been helped by chipmakers today after Qualcomm reported better...
USD/JPY specs don’t want to get involved ahead of non-farm payrolls
USD/JPY buyers did what was expected late yesterday after the Japanese Ministry of Finance ordered intervention to weaken the pair: They bought the dip.After falling to 153.00, the pair climbed all the way to 156.00 as dip buyers piled in. However the momentum stalled...
Atlanta Fed GDPNow estimate for Q2 growth remains unchanged at 3.2% (or is it 3.3%)
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 can’t stay below it 100 day moving average
Nasdaq finds buyers near the 100 day MAThe major US stock indices are higher with the NASDAQ index leading the way with a gain of around 0.72%. Looking at the daily chart, the price today did dip back below its 100-day moving average at 15620.60. The low price reached...
Major European stock indices closing the day with mixed results
The major European stock indices are ending the day mixed. The German DAX and France CAC both moved lower.A snapshot of the closing levels shows:German DAX, -0.15%France CAC, -0.88%UK FTSE 100 under +0.63%Spain's Ibex, +0.19%Italy's FTSE MIB, unchangedEurostat 50...