USDJPY dailySociété Générale assesses the potential for USD/JPY to test the Japanese Ministry of Finance's intervention limits due to persistent US rate expectations and recent market dynamics. The bank highlights upcoming US economic data as critical to future...
Forexlive Americas FX news wrap 25 Apr: GDP growth/inflation scare markets
The market got a scare after Q1 advance GDP growth came in lower than expected at 1.6% versus 2.4% expected. Meanwhile core PCE data for the quarter was higher-than-expected and 3.7% versus 3.4% expected. That scared traders further ahead of the monthly core PCE data...
It’s the perfect day, and it’s also Bank of Japan decision day
Eamonn is off today so I'll be filling in.First of all, it's still April 25 in much of the world, so I'm going to enjoy this meme.For those of you in Asia, it's now April 26, which is too bad. But it's also Bank of Japan decision day and we get Tokyo CPI and...
Broader US indices close lower for the first time after three days of gains
The major US stock indices closed lower across the board today. The day got off to a negative start after Meta Platforms reported higher expenses and slightly lower revenues going forward after the close yesterday. Declines were accelerated after...
Alphabet EPS $1.89 versus $1.51 estimate. Revenues $80.54B versus $78.59B estimate
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Microsoft EPS $2.94 vs $2.82 estimate Revenues: $61.86 vs $60.82 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,...
WSJ Timiraos: “The Dream of a Fed rate cuts is slipping away”
The WSJs Timiraos is out with an article titled "The Dreams of Fed rate cuts is slipping away".A summary of the article says:Fed Chair Jerome Powell and Inflation Expectations:Powell has reduced expectations for interest rate cuts.Recent economic reports have...
Earnings after the close include Microsoft, Alphabet, and Intel.
Microsoft: Shares of Microsoft are trading down $-9.96 or -2.43% at $398.96Earnings per Share: Analysts expect $2.82 per share.Revenue: Expected to be $60.80 billion, which would represent a 15.0% year-over-year growth. This is slightly above the 14.5% growth forecast...
Crude oil settles at $83.57
Crude oil is settling at $83.57. That's up $0.76 or 0.92%.Technically, looking at the price action on the hourly price below, like the USD, it too has been quite up and down volatile. Yesterday, the price found support against its 100-hour moving average (blue line)....
USDCAD another pair that has retraced the USD gains. Back down testing 50% midpoint.
The USDCAD has been trading up and down over the last few days of trading. The volatility intensified today with a move lower into retracement and swing area support, followed by a move higher into swing area resistance, followed by another move lower into the same...
ECBs Panetta: We must weigh risk of monetary policy becoming too tight
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 retracing most of the gains from core PCE rise
The USD moved higher on the back of the core PCE data within the US GDP report. However, those gains have nearly been erased. Although the yields are still higher, they are off their highest levels. US stocks have also erased some of their declines with the NASDAQ...
US encourage Europe & Asia alliesto tighten restrictions on chip related technology China
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U.S. Treasury auctions off $44 billion of the seven year notes at a high yield of 4.716%
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,...
U.S. Treasury to auction off $44 billion of 7- year notes at the top of the hour
The U.S. Treasury will auction off $44 billion of seven-year notes at the top of the hour. The auction will conclude the coupon issuance for the week. The two and five year note options were middle-of-the-road. Yields are higher today after the higher inflation data...
GBPUSD ping-ponging between 38.2% and 50% of the April trading range
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,...
Major European indices close lower. US stocks lower. Yields are higher.
European indices are closing lower on the day:German DAX, -0.91%France CAC, -0.93%UK FTSE 100, +0.48%Spain's Ibex, -0.40%Italy's FTSE MIB, -0.97%European yields are also higher:German 10 year yield reached a high of 2.647%. That was the highest level going back to...
AUDUSD ups and downs as fundamental news keeps volatility high for the pair.
Earlier this week, Australian CPI for the quarter came in higher than expectations and that helped to push the AUDUSD pair to the upside. The price extended to the 200-day moving average and 200-bar moving average on the 4-hour chart near 0.6530 where sellers leaned....
Spot gold is now up over 1%, and in the process is extending back above its 100H MA
Gold prices move above its 100-day moving averageGold price is seeing a push to the upside with the price now up $28.44 or 1.23% at $2343.68. The high price just reached $2344.89 new high for the day.That move to the upside has now taken the price back above its 100...
Israel has increased airstrikes on the Rafah area
Israel has increased airstrikes on the Rafah area.The price of crude oil is still trading lower on a day at $82.20 that down around $-0.60 on the day..Earlier today, Hamas official Abu Zuhri said:Hamas will not be swayed by US pressure on issue of Gaza hostages.Firm...