Raphael Bostic is president of the Federal Reserve Bank of Atlanta.A report by the Federal Reserve's Office of Inspector General has raised suspicions of Bostic's trading:Bostic “created an ‘appearance of acting on confidential FOMC information’ ‘appearance of a...
North Korea fires ballistic missile toward East Sea (Sea of Japan)
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,...
Chinese car industry is still struggling, car sales -5% y/y in August (prior -5.2%)
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,...
Nomura forecasts a 25bp cut by the European Central Bank today, Thursday, September 12
The European Central Bank meet on Thursday, September 12. A rate cut is widely expected.I posted a preview here earlier this week:The announcement is coming up at 1215 GMT, 0815 US Eastern timewith the presser following a half hour laterVia eFX comes from Nomura on...
Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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 Americas FX news wrap 11 Sep: US CPI data is mixed with core rising
US CPI was released at 8:30 AM ET and the core measure disappointed with a 0.3% gain (estimate 0.2%). The year on year for came in at 3.2% as expected and unchanged from last month. On a more positive spin, the headline number came in as expected at 0.2% (but...
ICYMI – Goldman Sachs CEO Solomon said still a chance the Federal Reserve cut by 50bp
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 Thursday, September 12, 2024 – another BoJ official speaking
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 – Thursday, 12 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,...
Snapback day. Major indices close higher after trading sharply lower.
Major US stock indices had a snapback day, and what a snapback day it was. The Dow industrial average was lower by 743.89 points, but is closing up 124.75 points or 0.31% at 40861.71. At one point today all the Dow stocks were trading lower.The S&P was down -88.56...
USDCHF buyers look higher, but run into 38.2% retracement .Can the buyers keep going?
The USDCHF has moved higher today and in the process, has stretched toward the 38.2% of the move down from the mid-August swing high. That retracement level comes in at 0.8517, and that is where sellers started to lean against of earlier today and on the most recent...
Crude oil futures settled at $67.31
Crude oil prices have been very volatile today with the price first moving higher to a high of $67.58, then moving lower to a low at $65.63 before rotating back to the upside and making new high price up to $67.97. The high price today got within $0.16 of the falling...
NASDAQ index back above its 100 day moving average
The NASDAQ index fell -238.04 point at session lows today. It is now flipped that decline and transact 244.18 points or up 1.43% at 17269.. That is quite a reversalThe move back to the upside has taken the price back above its 100- day moving average at 17158.57 (blue...
GBPUSD bounces off natural support at 1.3000 today
The GBPUSD moved lower after the US CPI data, and in the process broke below its 38.2% retracement of the August trading range at 1.30363. The next target was at the 1.3000 level followed by the rising 200 bar moving average on the 4-hour chart at 1.2971. The price...
Fed IG said Atlanta Fed Pres. Bostick violated Fed rules on trading
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,...
39% of Gulf of Mexico oil production shut due to Hurricane Francine
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 30 year mortgage rates lowest in 20 months at 6.11%
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 is closer to allowing Nvidia chips to Saudi Arabia
There is a report that the US is closer to allowing Nvidia chips to Saudi Arabia.Nvidia shares are trading up $4.72 or 4.3% at $112.80.Moreover shares are back above its 100 day moving average at $111.57.Shares of SMCI are also rebounding strongly today with a gain of...
The US treasury auctions of $39 billion of 10 year notes at a high yield of 3.648%
High Yield: 3.648%Previous: 3.96%Six-auction average: 4.314%WI level at the time of the Auction: 3.662%Tail: -1.4 basis pointsPrevious: 3.1bpsSix-auction average: 0.8bpsBid-to-Cover: 2.64XPrevious: 2.32xSix-auction average: 2.48xDealers: 10.25%Previous:...
US treasury to auction off $39 billion of 10 year notes at the top of the hour
The US treasury will auction off $39 billion a 10 year notes at the top of the hour. Recall from last month this auction was not all that great with a tail of 3.1 basis points and a bid to cover below the six-month average. Yesterday, the 3-year note auction was solid...