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,...
Three US senators call for a 75bp Federal Reserve rate cut on Wedndesday
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,...
Goldman Sachs forecasts S&P 500 to 6000, Fed rate cuts supporting
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 17 September 2024 – a light one
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,...
Trade ideas thread – Tuesday, 17 September, 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,...
Dow closes at a new record. S&P closes less than 1% from record high
The US major stock indices are closing mixed. The Dow industrial average and closing at a record closing level. The S&P index is closing around 0.6% from a record closing level and is now up 6 consecutive days.The NASDAQ index is closing lower and snapped a 5-day...
Forexlive Americas FX news wrap: Empire Fed rises to the best since 2022
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,...
The news on China continues to get worse but help could be on the way
The investing world has largely given up on China as a growth driver this year and the outlook for 2025 continues to dim, with officials showing no urgency to turn the tide.On the weekend, new house prices fell for the 15th consecutive month. And not y/y drop but...
Jon Hilsenrath: The Fed will cut by 50 bps
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,...
Crude oil futures settles at $70.09, and back above a key retracement target
The price of WTI crude oil is settling at $70.09. The low for the day reached $68.68. The high for the day extended up to $70.66.Technically, the price low today stalled right near its 200-hour moving average. That moving average is currently at $68.62. The subsequent...
Treasury yields stay on the floor as the market sees an end to high inflation
US 10 year yieldsThe days of high yielding safe investments may be over for a generation.Jamie Dimon is continuing to warn about inflation but the bond market has moved on. Breakeven rates are below 2%, implying that the Fed is more likely to undershoot its target and...
ECB’s Kazaks: Interest rates will continue to be lowered
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: We look to fade any hawkish knee-jerk FOM reactions
BofA advises against reacting to any initial hawkish market responses following the September FOMC meeting. They anticipate a 25bps rate cut and expect the Fed’s dot plot to exceed market expectations, but expect Powell’s tone to remain dovish.Key Points:Market...
After trading to new lows going back to July 2023, the USDJPY has moved back higher.
The USDJPY moved to the lowest level since July 31 2023 after falling below the end of December low at 140.248. The low price extended to a somewhat random level at 139.570 before rotating back to the upside. That move has now taken the price back above the end of...
WH Brainard: It is now important to safeguard progress in US labor market
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 equity close: A tad on the soft side
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,...
AUDUSD extends above 100 bar MA on the 4-hour chart at 0.6733. Stay above is more bullish.
The AUDUSD on Friday, found support buyers at the 200-hour MA (currently at 0.66949). Earlier on Friday, sellers leaned against the 100 bar MA on the 4-hour chart at 0.6733. Today, the buyers took control once again near the 200 bar MA in the early Asian session, and...
Oil squeezes higher as specs bet heavy against crude
oil dailyWe've seen this pattern a few times recently: Positioning data released late on Friday shows extremely negative positioning in oil and on Monday there is a squeeze higher.Unfortunately, the gains haven't lasted, at least not recently. There are already signs...
Buyers and sellers ping-pong between 100 bar MAs in NZDUSD. Traders wait for the break.
The last two trading days in the NZDUSD have developed a pattern. That pattern is to ping-pong between the 100-bar moving average on a 4-hour chart on the topside (currently at 0.61967), and the 100-hour moving average on the downside at 0.61565. In between sits the...
Canada extends 30-year mortgage ammortization for newly-built homes
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,...