The AUDUSD has seen steady sellers in trading today. The currency pairs now down -0.40%. And extending below what was a floor in the month of November between 0.6433 and 0.64419. That area is now close risk for sellers looking for more downside. Stay below is more...
S. Korea’s opposition parties lawmakers on high alert for another martial law declaration
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SF Fed Pres. Mary Daly: We do not need to be urgent
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USDCHF is more than half-way through the week and not much is resolved technically
The USD/CHF remains in a technical stalemate more than halfway through the week. Early today, the pair hit its weekly low before rebounding into a swing area between 0.8880 and 0.8894. However, the momentum faltered, and the price retreated below a cluster of moving...
Kickstart the new trading day on Dec 5 w/ a technical look at EURUSD, USDJPY & GBPUSD
The major currency pairs yesterday moved up and down in yesterday's trading as the markets reacted to weaker PMI data, ADP jobs which wer as expected but lower than last month. Productivity was a disappointment at -0.4% for Q3 vs -0.2% estimateFactory orders came in...
The econ calendar for the Asian session:. JPY foreign investment flows. AUD trade balance
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 3 major US indices close the day at record levels
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: Dollar unswayed by Powell, sags on softer ISM services
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 crypto market heats up as ethereum leads bitcoin higher
The crypto market appears to be warming up to incoming SEC commissioner Paul Atkins.He was rumored for the pick but was nominated today and is friendly to crypto. That's helped to lift bitcoin to $98,250 from a low of $94,800 just a few hours ago.Bitcoin 10 minsAlt...
MUFG: EUR/USD could test parity in 2025 before modest recovery
EUR/USD dailyMUFG expects the euro to remain under pressure in 2025, driven by anticipated U.S. trade policies and geopolitical tensions, with EUR/USD potentially testing parity before staging a modest recovery.Key Points:Election Impact: The euro fell sharply...
Bonds and stocks both stay bid after Powell
If anything, Powell was more hawkish today in his interview.He touted an economy that was stronger than thought in September and inflation "a little higher" than anticipated."The good news is that we can afford to be a little more cautious as we try to find neutral,"...
French government loses no-confidence vote
French Prime Minister Michel Barnier negotiated Brexit, now he's going to negotiate his own exit.Supporting the vote were 331 members out of 574.The move was widely expected but it's not clear how President Macron will now proceed. An election can't be called until...
Beige Book: Fed districts deport slight growth, rising business optimism for 2025
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Fed’s Powell: US economy is envy of the world, I’m going to do everything to keep it there
AI imageFeel very good about where monetary policy isUS economy is in remarkably good shapeThe same institutional relationships between Fed and Treasury will continue under new adminPart of the Fed's independence is that it's self fundedEconomy in good shape and no...
Oil can’t hold a bid ahead of Thursday’s OPEC+ decision
There have been multiple reports saying that the most likely OPEC+ result is an extension of production curbs through Q1, followed by the start of the planned return of barrels.Normally, I would argue that's priced in and tomorrow's price action should be smooth...
Trump picks former commissioner Paul Atkins for SEC chair
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ECB’s Nagel: I favor a gradual, cautious approach to 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,...
Canadian bank leaders see struggles for the Canadian economy
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 extends gain to 1%, Amazon shares hit a record
December is a bullish month for stocks historically and markets are following the script so far.The Nasdaq is leading the way to, up 1.0% and hitting a new record. It's a nice looking breakout and comes after a softer ISM services report underscores the likelihood of...