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,...
Don’t mention the Fed
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 18 Apr: Fed official more hawkish. ECB official dovish.
As the trading day comes to an end, the CAD and the USD are ending as the strongest of the major currencies and the EUR is the weakest . However, the variation from the strongest to the weakest was relatively close. The economic calendar today saw the Philadelphia Fed...
Japanese CPI highlights the Asia-Pacific economic calendar
BoJ UedaEamonn is off today so I'll be subbing during the Asia-Pacific session. It's not a busy on in terms of economic data but there is one big highlight with Japanese CPI for March. It's due at 2330 GMT, or 8:30 am in Tokyo.The consensus is for 2.6% y/y, down from...
Fed’s Kashkari: Once inflation is headed back to 2%, the Fed can cut
Fed's KashkariEveryone at the Fed is saying the same thing but the timelines differ. They all want to wait for some confidence that inflation will fall to 2% but they have differing opinions on when that will be. I think what's ultimately important is that when growth...
NASDAQ index and S&P index down for the fifth consecutive day
The major stock indices are closing mixed with the Dow industrial average moving higher. The broader S&P and NASDAQ indices closed lower for the fifth consecutive day. The Russell 2000 also moved lower for its fifth day in a row.A snapshot of the closing levels...
Netflix reports revenue of $9.37 billion vs $9.27 billion expected. Shares pop then drop
Earnings of $5.28 vs $4.52 estimateStreaming paid additions of 9.33m vs 5.11m estQ2 outlook $4.68 vs $4.54 estOperating income $2.633B vs $2.428B estShares were initially up 3% after hours then fell to -7% and are now -4%."We’re raising our FY24 operating margin...
Netflix earnings to be released after the close. What are the technicals saying?
Netflix will announce earnings after the close. The expectations are for:Earnings Per Share (EPS): Expected at $4.52.Revenue: Forecasted at $9.28 billion.Total Memberships: Anticipated to reach 264.21 million.Netflix is transitioning from targeting subscription growth...
BOJ Ueda:Chance weak Yen might affect trend inflation and if so could lead to policy shift
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,...
Japan’s FM Suzuki: FX levels reflecting various factors, not just rate differentials
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,...
Crude oil settles at $82.73
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,...
More selling US stocks. NASDAQ approaching a key technical area.
The US stocks are moving back toward session lows. The NASDAQ in that this really trading at 15615. The low price reached 15595.74. At current levels the price is down -0.43%.Nasdaq moves toward key support targetsAs the price was lower, it is getting closer to a key...
USD moves to a new session high. EURUSD falls to 100 hour MA target.
The EURUSD has moved lower and is testing its 100-day moving average of 1.06421. A move below that level would tilt the bias even more to the sellers. Buyers earlier in the day tried to extend higher but could not get to the next target near 1.0694, nor the 38.2%...
Iranian Foreign Minister: Iran had no other option but to attack Israel
Geopolitical news: Iranian foreign minister says that Iran had no other option but to attack Israel.Iran's defense and countermeasures has concluded and Israel must be compelled to stop any further military adventurism against our interestsSince Tuesday, the saber...
US broader indices give up gains
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 treasury auctions $23B of 5 year TIPS at 2.242%
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,...
USDCAD retraces most of the gains for the week and returns to swing area target
The USDCAD on Monday but bounced into Tuesday and Wednesday's trading. The high price for the week did enter into a swing area going back to October and November 2023 between 1.38397 and 1.3855. From there, buyers turn to sellers in the process since retraced most of...
SNB’s Martin: Interest rates, FX interventions have bought inflation under control
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,...
Atlanta Fed president Bostic: US inflation is too 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,...
White House: Will keep options open for more Iranian sanctions
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,...