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,...
BOC Minutes: Agreed taht any monetary policy easing would probably be gradual
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,...
Spanish Prime Minister Pedro Sanchez says he’s suspending public duties
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 sells $70 billion of five-year notes at a high yield of 4.659%
High yield 4.659%WI level at the time of the auction: 4.655%Tail 0.4 basis points versus six-month average of 0.5 basis pointsBid to cover 2.39 Xversus six-month average of 2.41XDirects 19.25% versus six-month average of 17.9%Indirects 65.74% versus six-month average...
David EInhorn (Greenlight Capital) says investors don’t care about value investing
David Einhorn, billionaire president of Greenlight Capital in his letter to investors said:Investors don't understand or don't care about valuations. Says the value investing industry is deadThat does not stop him from his value investing. Some of the stocks he has...
U.S. Treasury to auction off $70 billion of five-year notes at 1 PM
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: The three-day winning streak ends
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,...
Will the US election be about weakening the dollar?
The FX market may have a reason to pay even more attention to the US election this November.Late yesterday, there was a Politico report saying Trump’s former trade adviser Robert Lighthizer and several policy allies would seek to make American trade more competitive...
S&P index gives up gains. Down on the day.
S&P index turns negativeThe S&P index has given up its gains and traded in negative territory. At session highs the price change was up 18.92 points. The low price just reached -14.78 points on a day. At session lows, the price tested a swing level going back...
Higher Australian CPI sent the AUDUSD higher, but the 200-day MA stalled the rally.
The AUDUSD pushed to the upside today after higher than expected CPI data, put the kabosh on a rate cut soon. However, after running toward the 200-day MA and 200 bar MA on the 4-hour chart near 0.6330, the buyers turned to sellers and has corrected the gains. The...
Gold finds a foot and rises to a two-day high
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 climbs above 155.00 again as buyers remain in control
USDJPY buyers try another move above 155.00The USDJPY is taking another run above the 155.00 level. The first break reached up to 155.164, but then rotated quiicly to 154.76 minutes later. The price has chopped back higher and is now above the 155.00 level again as...
EIA weekly US oil inventories -6368K vs +825K 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,...
USDCHF buyers try to keep the short term bias in their favor.
The USDCHF pushed higher earlier in the day, and extended above the prior high from April 15 at 0.91514, but only to a NEW high of 0.91525 before rotating back to the downside.The fall took the priCe back toward its rising 200 hour moving average at 0.9116 and its 100...
European bonds are taking a beating
The picture is darkening in the fixed income world, led by a sharp rise in Italian and German sovereign debt.BTPs dailyItalian 10-year BTPs are up 14.1 basis points today, breaking the April highs. They're now within striking distance of the 4% level that capped the...
Atlanta Fed Q1 GDPNow 2.7% vs 2.9% 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,...
Retail sales keep Bank of Canada on track to cut rates in June – CIBC
Canada retail sales ex autosCIBC sees Canadians growing more cautious about spending as mortgages come up for renewal at much higher rates.Retail sales fell 0.1% compared to +0.1% expected while sales excluding autos fell 0.3%. The rapid rise in Canada's population...
S&P and NASDAQ index up for the third day in a row
The S&P and NASDAQ and are working on their third day in around higher. The NASDAQ is leading the way with a gain close to 0.75% in early trading. The Dow Industrial Average is marginally lower. The small-cap Russell 2000 is trading near unchanged as rates rise.A...
Goldman Sachs: Tough for GBP/USD to break 1.23 without corresponding EUR/USD move
GBPUSD dailyGoldman Sachs analysts express skepticism about the GBP/USD's ability to break through the 1.23 level independently of significant movement in the EUR/USD. Recent positive economic data from Europe has added complexity to the currency dynamics, influencing...
USDCAD moves higher helped by fundamental data/technical bounce.
The Canada retail sales came in a bit weaker than expectations. Meanwhile, US durable goods orders showed strength. That combination helped to push up the USDCAD (higher USD/lower CAD). Earlier, a support swing area stalled the fall after yesterday's fall on the back...