The GBPUSD continues its run to the downside and has reached the next key target area at 1.2535. The low price from February 14 came in at 1.25343. The low price from last week reached 1.25386. The low price today has just reached 1.25389. A move below that level...
Goldman Sachs pushes Fed rate cut call to July from June
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,...
UPDATE: EURUSD continues its run to the downside & trades to new lows.Sellers in control.
The EURUSD moved sharply lower after the stronger than expected US CPI, and has continued that trend since then. In the process, the price has moved below a swing area between 1.07950 and 1.08036. The current price trades at 1.0745. The swing area is now a key...
The US broader indices are lower with both the S&P and Nasdaq below MA levels. What next?
US broader US stock indices have been trending higher in 2024, but that trend higher has seen some "stall" of late. Today, the higher-than-expected CPI data, gapped the broader S&P and NASDAQ indices lower, and in the process took their prices below the 200-hour...
Macklem Q&A: Says June rate cut is within the realm of possibilties
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,...
Watch live: Bank of Canada press conference
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,...
EIA weekly US crude oil inventories +5841K vs +2366K expected
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USDCHF breaks higher and moves away from 38.2% retracement.
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,...
Red Sea tensions: current situation and long-term impact on oil and shares
The importance of the Red Sea for the global economy can't be overestimated. Nowadays, it's the shortest and the cheapest trade route between Europe and Asia. According to the Joint Statement of the White House, around 15% of global maritime trade went through it...
US Feb wholesale sales +2.3% vs +0.4% 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,...
Bank of Canada forecast for GDP, CPI from the April 2024 meeting
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 full text from the April 2024 Bank of Canada rate decision
The full statement from the April Bank of Canada rate decision.--------------------------------------------------------------------------------------------------------------------------------------------------The Bank of Canada today held its target for the overnight...
Bank of Canada interest rate decision: Rates held at 5.00% as expected
Bank of CanadaThe overnight rate was at 5.00%Key line:While inflation is still too high and risks remain, CPI and core inflation have eased further in recent months. The Council will be looking for evidence that this downward momentum is sustainedMore...
FBS Reinvents Mobile Trading Experience with the Upgraded FBS App
FBS, a leading global broker, introduces its revamped mobile trading application – the FBS app. The upgraded solution is available for Android and iOS users, providing them with all the tools and resources for online trading. To thank clients for choosing FBS, the...
The Bank of Canada rate decision is ahead. What are the risks/rewards for the USDCAD now?
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,...
A dovish Bank of Canada could spark a true breakout in USD/CAD
The Bank of Canada interest rate decision is coming up at 9:45 am ET and there could be fireworks.The market is pricing in an 18% chance of a rate cut, down from 24% yesterday but still very-much in play. Beyond that, the Bank of Canada could tee up at cut at the June...
Kickstart the FX trading day for April 10 w/ a technical look at EURUSD, USDJPY and GBPUSD
The US CPI data came in stronger than expected, and that has sent the US dollar higher, stocks lower, and yields higher.In this video I take a look at the move after the CPI and explain the bias shifts to the upside, the risk levels that would have traders scratching...
What’s priced in for the Federal Reserve after the March inflation surprise
AI imageThe US consumer price index surprised to the upside in March and the doves are throwing in the towel.The Fed funds futures market was pricing in 68 bps in rate cuts for 2024 at the start of the day but that's plunged to 45 bps in the aftermath of the report....
No comments on monetary policy from the Fed’s Bowman
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USD/JPY quickly falls after jumping on the CPI report
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,...