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,...
USDCHF trades between 100/200 hour MAs
While the EURUSD and the GBPUSD trades between the 100 and 200-hour MAs. The USDCHF is also trading between those two MAs as the last trading of the day of the weeks gets started The 100-hour MA is below the current price at 0.8448 (blue line in the chart below). The...
Australia’s S&P/ASX200 index and Japan’s Nikkei 225 rise by 0.36% in early trading
Australia's S&P/ASX200 index and Japan's Nikkei are trading higher by about 0.36% in early trading.Japan's retail sales came in weaker than expected at 2.6% versus 2.8%. Duction was also weaker at 2.8% versus 3.6% forecast. The unemployment rate was also higher at...
Japan retail sales YoY for July 2.6% vs 2.9% 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,...
Japan Preliminary Industrial production MoM 2.8% vs 3.3% 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,...
Tokyo area Aug inflation data: Headline 2.6% y/y (prior 2.2%)
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 Unemployment rate for July 2.7% vs 2.5% 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,...
New Zealand building consents for July +26.2% vs -17.0% last month (revised from -13.8%)
Prio rmonth -17.0% revised from -13.8%)Building consents for July 26.2%The bounce back gain is the largets since May 2020. Last months decline was the largest since February 2021.Looking at the history, the ups-and-downs are pretty evident.“A higher number of working...
Geopolitics: SIrens sound in Russia’s Belgorod, Voronezh and Kursk provinces
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,...
e-Mini S&P futures are higher by about 0.16% at the resumption of trading
At the resumption of trading in the futures market, the e-mini S&P contract is up 0.16%. Dell reported after the closing shares are currently up 2.95%. Nvidia which notes their earnings yesterday after close is trading up 0.42% after declining -6.38% today.Apple...
Kickstart the FX trading day for Aug. 30 w/a technical look at the EURUSD, USDJPY & GBPUSD
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,...
What is on the economic calendar for APAC session for August 29
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: US second quarter GDP gets an upgrade but USD gains fade
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,...
Dell earnings beat expectations. Price moves away from the 200 day MA.
Dell announced their earnings after the close and beat on the top and bottom lines:EPS $1.89 versus $1.71 expectedRevenues $25.03 billion versus $24.14 billion expectedDell shares closed at $110.74 and are trading higher by $7.10 or 6.41% at $117.85.Dell shares traded...
US equities finish near flat after a ride
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,...
Goldman Sachs: Tactical USD shorts surge but structural flows likely to take time
Goldman Sachs highlights a dramatic shift in market sentiment towards USD shorts as positioning adjusts ahead of anticipated Fed rate cuts. Despite tactical shifts, structural flows and high attractiveness of US assets may limit the USD’s decline.Key...
Bitcoin fails to hold gains above $60,000. Turns negative
Bitcoin has followed the broad market lower today as the early positive momentum in the risk trade comes unwound. Shares of Nvidia are down more than 6% following earnings.Bitcoin dailyLast week, it looked like bitcoin was ready to recoup the July-August decline but...
Nvidia shares fall 5% to a US session low, dragging down the broader market
NVDA dailyShares of Nvidia are dragging down the broader indexes as they fall 5.4% to the lowest in regular trading. NVDA is down $6.65 to $118.95 as the market (and the options market) continues to digest yesterday's earnings report.A host of analysts have boosted...
Best Buy CEO: Consumer “resilient” but “unpredictable” heading into holiday season
BBY dailyShares of Best Buy are having their best day since 2020 after reporting strong earnings. The company raised its fiscal-year guidance and now expects to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from a prior range of $5.75 to...
SocGen: CAD short covering far from over
USDCAD dailySocGen highlights that the unwinding of CAD shorts is still in progress, noting that substantial CAD short positions accumulated earlier this year have begun to reverse, impacting USD/CAD.Key Points:Unwinding of Yen Shorts: The recent focus has been on the...