The NZDUSD this week found support at the last swing low going back to August 6 at 0.5912, before ignitiing a run to the September high at 0.63778. The subsequent high reached yesterday, extended to another key area. The swing area at 0.60313 to 0.60443 stalled the...
Expect a massive US import boom in the next 73 days
What do you do if you're a US importer right now? Particularly if you're importing goods from China?Stockpile, obviously.The market has so far dismissed the chance of 10% across-the-board US tariffs and 60% tariffs on China but some level of China tariffs is highly...
EURUSD ticks lower. Moving away from swing area between 1.07609 to 1.07767
The EURUSD is ticking lower in the US session and in the process is moving away from a swing area between 1.07609 and 1.07767. Staying below below that area keeps the buyers firmly in control. It is a close risk for sellers/traders.The Federal Reserve cut rates by 25...
UMich November prelim consumer sentiment 73.0 vs 71.0 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,...
Mixed start to the trading day. NASDAQ marginally lower.
The US major indices are trading marginally higher to start the final day of the trading week which included a presidential election and Federal Reserve interest rate cut.The markets are cheering the Pres. Trump victory with solid gains this week. There may be a...
US stocks will need some post-opening help to keep the winning streak going
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 kickstart FX video takes a look at the 3-major currency pairs AND USDCAD after jobs.
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 optimism in the Chinese market yesterday was baffling
I don't know what people were thinking with the Chinese market and global growth trades yesterday.They rallied huge yesterday despite Trump winning the election. The hope -- evidently -- was that Beijing was going to deliver larger stimulus.The thing is, the stimulus...
Canada October employment change +14.5K vs +25.0K expected
Prior month +46.7KUnemployment rate 6.5%vs 6.6% expected (prior 6.5%)Full-time employment +25.6K vs +112.0K priorPart-time employment -11.2K vs -65.3K priorParticipation rate 64.8% vs 64.9% priorAverage hourly wages y/y 4.9% vs 4.5% priorPrivate sector employment...
What technicals are driving the major currency pairs to start the US sessoin
The major indices are set to open mixed/lower after the broader S&P and Nasdaq closed at record levels. The indices are up strongly this week as the market cheer the Trump victory along with a Fed that cut rates and is favored to cut in December too. Yields are...
BOE’s Pill: There is scope fore more rate cuts if disinflation continues
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,...
ForexLive European FX news wrap: Dollar keeps steadier, China disappoints again
Headlines:Markets:JPY leads, AUD lags on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields down 2.5 bps to 4.317%Gold down 0.7% to $2,687.42WTI crude down 1.1% to $71.52Bitcoin up 0.1% to $76,066The post-election musings are continuing in...
NZDUSD Technical Analysis – The USD does the opposite of what it was supposed to do
Fundamental OverviewThe US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle...
Barclays now sees the BOE holding bank rate unchanged in December
On the revision, Barclays cites the BOE's more cautious tone that emphasised uncertainty and gradual policy moves."The main messaging from the press conference was repeated emphasis on the extent of uncertainty at the current juncture: uncertainty around the impact of...
The post-election tussle continues to play out
The post-election trade in the dollar hasn't been too straightforward over the last two days to say the least. The greenback saw gains abate yesterday but is looking to recover back some ground again in trading today. But even then, it isn't that convincing with the...
AUDUSD Technical Analysis – We got a “sell the fact” reaction on Trump’s victory
Fundamental OverviewThe US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle...
USDCHF Technical Analysis – The strong rally in the US Dollar stalls
Fundamental OverviewThe US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle...
USDCAD Technical Analysis – Is this just a pullback or a reversal?
Fundamental OverviewThe US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle...
PBOC says will continue with supportive monetary policy
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 Technical Analysis – Interesting reversal in the US Dollar
Fundamental OverviewThe US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle...