The NZDUSD has found a swing area support this week between 0.5851 and 0.58699. The trader also found swing area resistance at another swing area between 0.5933 and 0.5941. Those extremes helped to confined the ups and downs this week. Admittedly, with the price...
Japanese Yen Sentiment Analysis & Outlook: USD/JPY, EUR/JPY, GBP/JPY
Most Read: British Pound Trade Setups & Technical Analysis - GBP/USD, EUR/GBP, GBP/JPYTrading environments often tempt us to follow the herd – buying into soaring prices and selling off in moments of widespread fear. However, savvy, and experienced traders...
More Goolsbee:There are some measures in the economy, that historically don’t portend well
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,...
NASDAQ index down another 1% today
The NASDAQ index is down near 1% in trading today. The tech heavy index is now down 6 straight trading days. Nvidia shares are down -3.03%. Amazon is down -1.49%. Meta Platforms is down -2.42%. Apple is down -1.06%. If you want to buy a dip, the market is dipping.The...
More Goolsbee: We have done great on the employment mandate but not on inflation
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,...
Chicago Fed Pres. Goolsbee: Progress on US inflation has installed
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,...
IMF Kammer: ECB needs to be ready to be tighter, or looser, on my care 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,...
BOE Ramsden: There are likely to be bumps in the disinflation process
BOE Deputy Gov. Ramsden is speaking and says:There are likely to be bumps in the disinflation process from one month to the next.Over the last few months, I have become more confident in the evidence that risks to persistence and domestic inflation pressures are...
IMF: Soft landing for European economies is in reach, but not insured
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,...
Chicago Fed Pres. Goolsbee expected to speak shortly
The start of the quiet period for the Fed begins at the end of the day. Chicago Fed Pres. Goolsbee is not letting that restriction come-and-go without weighing in one more time. Goolsbee has hardened his dovish views of late in step with the other Fed officials, but...
USDCHF falls sharply and rebound sharply on Isreal’s retaliation. What next?
The USDCHF fell sharply after the Israeli attack on Iran overnight. That move to the downside tested the broken 38.2% retracement of the move down from the 2022 high at 0.9025, and bounced as report of the extent of the attack were reported. The subsequent reversal to...
US major indices open mixed. Major indices on pace for a down week
The major indices are opening mixed. The NASDAQ is lower. The Dow is higher. The S&P is in between but marginally lower. The NASDAQ index is being impacted by Netflix which is down over 6.5% after reporting earnings and revenues better-than-expected but with soft...
Kickstart your FX trading for April 19 w/ a technical look at the EURUSD, USDJPY & GBPUSD
There is increased volatility after Israel's retaliation against the Iran's weekends drone attack. The EURUSD and GBPUSD moved lower (higher USD) initially, but has since rebounded. The USDJPY fell on flight into the relative safety of the JPY initially after the...
ECB Pres. Lagarde: if inflation criteria is met it will be appropriate cut rates
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 NASDAQ Corrects After Middle East Panic, But What Are Signals Indicating?
Israel’s attack on Iran again escalates fear of a wider Middle East conflict. As a result, the market’s risk appetite falls. Friday’s Asian session witnessed a clear “risk-off” appetite due to the escalation, but investors soon took advantage of the lower entry...
US stocks trade back near unchanged as the declines in pre-market are erased
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 Market Recap (15-19 April)
Over the weekend, Iran launched its retaliatory attack against Israel with drones and ballistic missiles. There were no casualties and 99% of the attack was neutralised. Iran eventually said that the matter could be deemed concluded. There was some initial risk on...
Weekly Commodity Market Update: Oil Prices Correct and Supply Concerns Persist
The ongoing developments in the Middle East fueled supply concerns and sparked a wave of risk aversion as investors headed for safety. Hopes for imminent rate cuts from the Federal Reserve diminish while attention is now turning towards the demand outlook. The Gold...
ForexLive European FX news wrap: A round trip for markets as the jitters fade
Headlines:Markets:CHF leads, NZD lags on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields down 4.7 bps to 4.60%Gold down 0.1% to $2,376.72WTI crude down 0.4% to $82.38Bitcoin up 2.2% to $64,910It was all about fading the fear in European...
USDCAD Technical Analysis – Key levels to watch for a pullback
USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate...