The GBPUSD move higher into the European session. However as the US data came out today, and it was better than expected, yields started to move higher, the dollar started to trade higher as well, and the technicals in the GBPUSD gave the sellers the go-ahead to push...
WSJ: JPMorgan in talks with Apple for credit card business
The WSJ is reporting that JPM is in talks with Apple to take over credit card business from Golman. The program has over 12 million users and roughly $17 billion in outstanding balances.Apple has been seeking a new issuer after deciding to part ways with Goldman...
Goldman Sachs raises its estimate for Q3 growth to 2.8%
The Atlanta Fed GDPNow growth estimate was raised to 3% today from 2.5%. Now Goldman is also raising its estimate but only by 0.3% from the same 2.5%. They now see growth for Q3 at 2.8%. 2.8% or 3% and S&P/Dow at new record level, 50 basis points seems a stretch?...
Atlanta Fed Q3 GDPNow 3.0% vs 2.5% prior
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,...
S&P backs off after trading to a new all time high
S&P makes a new all -time highThe Dow is still on pace for record high levels today, but the S&P backed off after trading to a new intraday high today.The old high was at 5669.67 from back on July 16. The high price today extended to 5670.82 before backing...
European equity close: Solid gains ahead of the Fed decision
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,...
Lebanese says about 2,800 injured, including 200 in critical condition, in pager bombings
An incredible attack occurred in Lebanon today with 2800 members of Hezbollah and other Iranian-linked individuals wounded and 200 in critical condition.The pagers they were using exploded at the same time in what was surely some kind of long-planned attack. Image of...
Bitcoin rises to the best levels of September in a 6% rally
Bitcoin dailyBitcoin has climbed above the September high in a strong turnaround from yesterday's selloff. It's up 5.3% or $3000 in the best gain in a week.Bitcoin has struggled to keep pace with the improving risk appetite in September and is well-below the summer...
USDJPY breaks higher and through the 100 hour MA. Runs to swing area/200 hour MA.
USDJPY moves back above the 100-hour MA (blue line)The USDJPY at the start of the US session needed to get to and through the 100-hour MA to increase. the bullish bias. It did just that after better data gave the buyers to go-ahead to move away from the lows....
Global Broker Octa Analyses the Fed’s Actions
The United States Federal Reserve is expected to lower interest rates in response to slowing inflation and cooling the labour market. Will the Federal Reserve have the courage to significantly reduce interest rates? How will financial markets react to this decision?...
A seven-day winning streak in stocks ahead of the FOMC is a PR accident waiting to happen
SPX dailyWhat a run in stock markets.The S&P 500 is up 35 points today, or 0.6%, in what's on track to be the seventh day of gains and is only a fraction away from taking out the July all-time high of 5669.So it's a seven-day winning streak and running into major...
New Zealand GDT price index +0.8%
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USDCHF bounces with the USD after better data today
The US data this morning came in better than expected which has softened the Fed expectations for tomorrow a bit, but it is still leaning toward 50 bps. The retail sales data today has GDP looking toward 3% for the 3Q. That is pretty good. The question is "Has...
All that’s left in Canadian inflation is shelter and mortage interest
Canada CPI the lowest since March 2021Today's Canadian CPI report highlights how far the Bank of Canada has fallen behind the curve.Virtually the lone sources of inflation are mortgage interest and shelter, which is due to laggy rent calculations. Overall inflation is...
US July business inventories 0.4% versus 0.3% 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,...
US September NAHB home builder sentiment 41 vs 40 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,...
Tech stocks rally: Amazon and Nvidia lead the charge
Stock heatmap by FinViz.com Tue, 17 Sep 2024 13:46:02 GMTSector OverviewThe US stock market is seeing significant gains today, with a notable emphasis on the technology sector. Microsoft (MSFT) is up by 1.74%, while Amazon (AMZN) shows the most remarkable increase in...
The major indices open higher. S&P index looks toward it’s all time high closing level
The major US indices are trading higher at the start of the trading day. Retail sales were better than expectations. That might mean the Fed might lean toward a 25 basis points but it also means that the economy is not as bad as hoped. The Dow industrial average...
Timiraos: Fed faces a finely-balanced choice over whether 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,...
Kickstart the trading day for Sept 17 w/a technical look at the EURUSD, USDJPY & GBPUSD
Kickstart the FX trading day for September 17 with a technical look at the EURUSD, USDJPY and GBPUSD. Included today is a bonus look at the USDCAD after Canada released lower-than-expected CPI data, and the US reported better-than-expected retail sales data. The...