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,...
What is on the economic calendar in the Asian Pacific session for 15 November 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,...
Trump picks Robert F. Kennedy Jr as Secretary of Health and Human Services
Pres. Elect Trump has picked Robert F. Kennedy Jr as Secretary of Health and Human Services. In his tweet:I wonder if McDonalds will get an exemption? ; )RFK Jr. is anti vaccine and does not support fluoride in water, but is adamant about the chronic risks to children...
Trade ideas thread – Friday, 15 November, insightful charts, technical analysis, ideas
Good morning, afternoon and evening all. TGIF to all as well.Eamonn is off today, but that does not mean traditions have to be abandoned. So if there are any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss...
US stocks struggle after Powell sees no hurry to cut rates
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:No manipulation of currency to gain trade advantage,but China needs monitoring
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,...
Powell Q&A: We’re not thinking about political parties when we make decisions
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 rallies after Powell says no “need to be in a hurry to lower rates”
The US dollar is higher across the board and risk assets are struggling after a hawkish turn from the Fed Chair.Speaking in Dallas, FOMC leader Jerome Powell hinted that rates might not be cut in December."The economy is not sending any signals that we need to be in a...
Fed’s Powell: Economy isn’t sending signals that we need to be in a hurry to cut
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,...
BofA: USD tracking 2016 playbook post-2024 election, with scope for additional upside
BofA notes that the USD’s post-election appreciation in 2024 resembles the 2016 reaction, with similar DXY gains of around 2.8% against G10 currencies, albeit with stronger alignment to rate differentials this time. In 2016, the USD showed a greater excess premium...
Goldman Sachs: What we expect from the October US retail sales print on Friday
Goldman Sachs anticipates October core retail sales to grow by 0.3%, in line with consensus, driven by robust card spending. Headline retail sales are forecasted to increase by 0.4%, with lower gasoline prices partially offset by higher auto sales.Key Points:Core...
Gold shows some life falling to the lowest since September
Gold dailyThe gold market was pricing for uncertainty into the US election but when the results were quickly clear, it slumped and has been on the back-foot since. It traded as low as $2537 today in the fifth straight day of declines.It did find some support there...
ECB’s Schnabel: Asset purchases are more powerful for stabilizing markets than econ
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,...
Bank of England’s Bailey: The UK must preserve free trade
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,...
Trump trades are cooling off today
The sugar-high from the Trump election is wearing off in a few spots. Tesla was a darling after the election win as Elon Musk helped to finance Trump's campaign and ingratiated himself with the President. However a report today says Tesla won't be spared when...
Trump transition palns to kill $7500 consumer tax credit for electric vehicles — report
Reuters reports that Trump's transition team is targeting ending the $7500 consumer subsidy for buying an electric vehicle, citing two sources.Trump has mentioned ending it so it's not a big surprise. The report says Tesla supports ending it and notes that Elon Musk...
Barclays: ‘We envisage sustained dollar resilience with bullish momentum into 2025.’
'Barclays expects the USD to maintain its resilience and bullish momentum through 2025, driven by strong US economic momentum and market adjustments in the Fed’s rate expectations. President-elect Trump’s proposed trade and fiscal policies add further support,...
European equity close: It was a big bounce-back day as the volatility continues
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,...
EIA weekly crude oil inventories +2089K vs +750K expected
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,...
Bitcoin falls to $88,000 in a quick fall
bitcoin 10 minsBitcoin has seen some bids early in US trading in the past two days, likely frontrunning ETF flows. The bulls tried that move again today and boosted it to a session high at $91,800 but despite edging above the Asian highs, there was no follow...