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 leading index for March -0.3% versus -0.1% 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 existing home sales for March 4.19M versus 4.20M 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 dollar moving higher. NY Fed Pres. Williams doesn’t rule out a fed hike if needed
NY Fed Pres. Williams doesn't rule out a fed hike if needed. That has the market on edge and the US dollar moving higher. Rates are also higher with the 10 year now up 4.2 basis points.EURUSD: The EURUSD is back below the swing area outlined in the kickstart video at...
US stocks open mixed. NASDAQ is lower. S&P is near unchanged.
US stocks are opening mixed with the NASDAQ lower. The S&P is trading above and below unchanged. The Dow industrial average is marginally higher. A snapshot of the market eight minutes into the open is showing:Dow industrial average up 84.29 points or 0.22% at...
NY Fed Pres. Williams: I don’t feel an urgency to cut rates
Fed's WilliamsNY Fed Pres. Williams is speaking and reiterates sentiment from earlier this weekI don't feel an urgency to cut rates.It data fed is that data dependent and the datah as been goodWe have a strong economy.Economic imbalances have been reducedFed rates...
Kickstart your FX trading for April 18 w/ a technical look at EURUSD, USDJPY and GBPUSD.
Kickstart your FX trading for April 18, 2024, with a technical look at the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD.The EURUSD moved to a new session high for the week and above a swing area between 1.0655 and 1.0675, but could not extend above the...
Eurozone Growth, ECB Interest Rate Speculation, and NASDAQ Analysis
The Eurozone is likely to have grown this past quarter according to the Bundesbank, but the DAX continues to decline. The chances of the European Central Bank cutting interest rates in June intensifies as Oil prices decline to a monthly low. Meta pays its shareholders...
Fed’s Bowman doesn’t comment on monetary policy in text
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,...
Philly Fed April manufacturing business index +15.5 vs +2.3 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,...
US initial jobless claims 212K vs 215K 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,...
ECB’s Knot: Not uncomfortable with market pricing of rate cuts
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,...
Philly Fed and initial jobless claims coming up
The week is breezing by but nerves are increasingly frayed after 4 consecutive declines in US equities. Today's highlight is the duo of the Philly Fed (shown above) and initial jobless claims, both at the bottom of the hour.There are sign of softening in the US jobs...
ForexLive European FX news wrap: Currencies muted on lack of meaningful data
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,...
GBPUSD Technical Analysis – Watch these key resistance zones
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...
Dollar’s dominant status as world’s reserve currency set to endure – Morgan Stanley
Morgan Stanley says that the dollar's dominant status as the world's reserve currency is set to persist. That is in part due to its credible challengers, such as the Chinese yuan, being rather lacking at the moment.While there have been some concerns about the...
German economy likely expanded in Q1 – Bundesbank
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,...
USD/JPY stays underpinned for now with watchful eyes on 155 mark
Even with the drop in Treasury yields yesterday, it did little to faze price action in USD/JPY. The pair remains underpinned but buyers are not gathering enough courage to take things further. For now, the 155.00 hurdle remains one step too far after all the verbal...
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Eurozone February current account balance €29.5 billion vs €39.4 billion prior
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,...