Next week, the Federal Reserve rate decision will take place on Wednesday, May 1 at 2 PM ET followed by the press conference scheduled for 2:30 PM ET. That rate decision will highlight the economic releases and events for the trading week starting April 29.Also on the...
Earthquake reported in Taipei Taiwan
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,...
NZDUSD holds resistance against 50% retracement this week and rotates lower. What next?
The NZDUSD this week moved higher on Thursday and moved up to test the 50% midpoint of the April trading range at 0.59668, before backing off on the stronger US GDP and price data. The price retraced the entire move to the downside with momentum in the Asian session...
GBPJPY soars to highest level in nearly 16 years, eyeing 200.00 resistance
The USDJPY has and continues to make new highs going back to 1990.GBPJPY trades at the highest level since 2008Today, the GBPJPY joined the USDJPY in making a new multi-year high. For the GBPJPY, it traded to its highest level since September 2008 (highest level in...
Baker Hughes oil rigs down to 506 vs 511 last week
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 indices close higher for the day/week. UK FTSE 100 closes at a record level.
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,...
USDJPY on pace to its largest percentage gain since October 2023
The USDJPY continues to run to the upside with the currency pair now up 1.32% on the day. That is the largest increase since the end of October when the pair moved up 1.75%.It is Golden Week next week and markets are closed on Monday in Japan.The Bank of Japan kept...
The USD is moving higher vs the major currencies. What has it done to the technicals?
The USD is moving to the upside, and in the process is shifting the technical bias more in the direction of the buyers. In this video I take a look at five of the major currency pairs including the EURUSD, USDJPY, GBPUSD, USDCHF, and USDCAD.EURUSD: The EURUSD is now...
USDJPY moves to another new high… Buyers in firm control
USDJPY dipped on the BOJ rate decision but bounced near MAsThe USDJPY has continued its march the upside with a run to a new session high.Earlier today, the Bank of Japan Policy was unchanged. The initial reaction was a run to the downside with the low price reaching...
Citigroup now sees 100 basis points of cuts this year from July
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 GDPNow estimate for Q2 growth 3.9%
The initial reading for Q2 growth from the Atlanta Fed GDPNow model comes in at 3.9%. There is a long way to go before that actual advanced GDP number is finalized (three months). In Q1, the Atlanta Fed's predictive powers were tarnished a bit after forecasting 2.7%...
NASDAQ index continues to surge. Now up 300 points or 1.94%.
NASDAQ index is pushing higherThe NASDAQ index is currently up 300 points or 1.92%. That's the largest percentage gain since February 22. For the training week, the NASDAQ in is now up 4.17% which represents the largest weekly gain this year and the highest since...
USDCHF trades up and down again today. Holds the 100 bar MA/retracement level
The USDCHF made on low on Tuesday against its rising 100 bar moving average on the four hour chart. Today, the low price today also found support against its 100 bar moving average on a four hour chart. That sets the moving average as a key barometer on the downside...
University of Michigan April consumer sentiment (final) 77.2 versus 77.9 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,...
US stocks trading higher at the U.S. Open
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,...
WH Brainard: Work to bring costs down are ongoing
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 in premarket trading are higher led by the NASDAQ index
The major US stock indices are trading higher in premarket trading, but off the highest levels.Dow Industrial Average averages is virtually unchanged with a small gain of 12 pointsS&P index is implying gain of 33 points or 0.66%NASDAQ futures are implying a gain...
Kickstart the FX trading day for April 26 w/ a technical look at EURUSD, USDJPY and GBPUSD
The US core PCE data came out a little more tame than what was probably feared by the market. US yields are below are a bit lower. The premarket US stocks are still higher but off their highest levels. The US dollar has seen fluctuations up and down.In this video I...
US PCE Data Beats Expectations – Price Pressures Delay Rate Cut Plans
PCE Price Index Beats Expectations, Delaying Fed CutsHeadline PCE for March beat expectations of 2.6%, coming in higher at 2.7% while core PCE also surprised to the upside, printing in line with the 2.8% number witnessed for February but rising above consensus...
Weekly Market Recap (22-26 April)
The PBoC left the LPR rates unchanged as expected:1-year LPR 3.45%.5-year LPR 3.95%.PBoCThe SNB raised the minimum Reserve Requirement Ratio (RRR) from 2.5% to 4.0% with the change going into effect from 1 July 2024:"Liabilities arising from cancellable customer...