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...
Goldman Sachs Solomon on CNBC. Sees 2 maybe 3 cuts. Could see possibility of 50 BP cut
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 results for the European indices on September 11
The European indices are closing with mixed results for September 11.A snapshot of the closing levels shows: German DAX, +0.34%France's CAC, -0.14%UK's FTSE 100 -0.15%Spain's Ibex +0.67%Italy's FTSE MIB -0.12%As London/European traders look to exit, the Dow leads the...
AUDUSD falls below a cluster of technical levels but momentum lower is fading.
The AUDUSD moved lower after the stronger core CPI data. On the break lower, the price moved below a cluster of technical levels including the 200 bar moving average on the 4-hour chart at 0.6653, the 100-day moving average of 0.6648, and the 38.2% retracement at...
USDCAD trading down and up but stays below the 38.2% of the August trend move lower
The USDCAD has traded down and back up today. The low price earliers today, moved below the 200-day MA at 1.3589 which was a tilt back to the downside after trading above that level yesterday. However, the price moved back higher in the European session and moved...
Dow now down -700 points
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,...
Weekly US EIA crude inventories 0.833M build vs build of 0.987M 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,...
US stocks extend to the downside. S&P index now down 1.3%
Major US stock indices have extended the declines to the downside with the S&P index down -1.3%. The NASDAQ index is down -0.85% and the Dow industrial average is down -1.6%. The small-cap Russell 2000 is also lower with a decline of -1.40%.US yields have moved...
GBPUSD trades to and through the 38.2% retracement of the August trading range
The GBPUSD trended higher in August taking the price from a low on August 8 of 1.26649 to a high of 1.32659 on August 28. Since then the price has wandered to the downside with fits of bounces along the way. On Friday, the price spiked back up to 1.32377 after the US...
Major US stock indices are lower led by the Dow and S&P
A snapshot of the markets are showing declines across the board.After 25 minutes of trading, Dow industrial average is down -45 to .31 points or -1.11% at 40284.65.S&P index is down -37.49 points or -0.68% at 5458.03.NASDAQ index is down -29.17 points or -0.17% at...
Geopolitics: Russia’s Putin says maybe Russia should think about export restrictions
The day after the presidential debate in the US, Russia's Putin is getting his shot in by saying maybe Russia should think about export restrictions like uranium, titanium, and nickel important commodities exported from Russia. Trump said that he would solve the...
Reuters Poll: BOE to cut bank rate by 25 basis points one more time this year
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,...
Technology gains: Nvidia leads while Tesla stalls in mixed market
Stock heatmap by FinViz.com Wed, 11 Sep 2024 13:46:11 GMTSector OverviewThe US stock market presented a mixed bag today, with notable movements across various sectors. The technology sector showed bright spots, notably with Nvidia (NVDA) rising by an impressive 1.50%,...
Citigroup sees a 25 bp rate cut in September down from 50 bps prior to CPI
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,...
Kickstart the FX trading day on Sept 11 w/a technical look at the EURUSD, USDJPY & GBPUSD
The US CPI data came in a little bit stronger-than-expected especially from the core inflation perspective. Shelter was to blame for most of the upside. Energy prices fell and are expected to fall further in the current month.US yields moved up by are coming off the...
Remembering those who died on September 11, 2001
I moved from New Jersey in August 2001 to Arizona. My work in NY at the time of the move took me to the WTC each day on my commute. My work office was 2 blocks north of the WTC complex. Part of the WTC complex fell into the buildings just south of our building. A jet...