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,...
5 reasons why the US dollar wrecking ball is in full swing
1) Take a look aroundThe main reason the US dollar is so strong is the obvious one: The US economy looks better than anywhere else. It's the only place you can point to and say "there could be surprisingly-strong growth in 2025". Europe is a mess, Japan doesn't need...
More from Musalem: Data since prior meeting suggests economy may be materially stronger
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 moves below retracement level and runs to the next swing area target. What next?
The GBP/USD has declined in trading today, breaking below the 61.8% retracement level of the move up from the April 2024 low, which sits at 1.2732. Yesterday, the price briefly dipped below this key retracement level before rebounding back upward. However, today’s...
Some bitcoin selling hits after a little double top at $93,500
Bitcoin ran up to $93,500 in the US morning before some profit taking hit. When a second run at that level couldn't crack it, a decent round of selling hit, taking it down to $91,000.BTC 5 minsIt all looks like a rather standard move in a major breakout. The 61.8%...
Fed’s Schmid: It remains to be seen how much more Fed will cut and where rates settle
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,...
Fed’s Musalem: Recent info suggests inflation risks have risen
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,...
St. Louis Fed President Musalem (2025 voter) will be speaking at the top of the hour.
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,...
John Thune (So. Dakota) elected Senate Majority Leader
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,...
USDJPY is back up pushing topside resistance at 155.21. Key level for buyers/sellers.
The USDJPY has seen a dip today that gave the sellers some short term control below 154.54, but momentum faded quickly and sellers have turned to buyers. The price has now moved back up toward the high for the day and also the high of a swing area at 155.21. The price...
European indices close mixed with modest gains or losses
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,...
Cleveland Fed median CPI +4.1% y/y
The Cleveland Fed is out with its inflation tracker and the numbers show inflation flattening above 2%. In particular, median CPI was at 4.09%, up from 4.08% y/y last month. It's only declined marginally since June, when it was at 4.15%.Median CPI is the one-month...
EURUSD runs to a new low, bounces. Now can the sellers put a lid on the correction?
The EURUSD ran to a new low which extended to a low of 1.0555. That moved away from the 2024 old low at 1.06005. Recall yesterday, the price moved below that level to a low of 1.0594. In trading today the price moved to a new low of 1.0592 but each break failed.After...
New York Fed: Credit card balances 8.1% higher than a year ago
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,...
Trump expected to appoint a special peace envoy to end Ukraine war – report
Fox News reports that Trump will send a special envoy to negotiate a peace between Russia and Ukraine."You’re going to see a very senior special envoy, someone with a lot of credibility, who will be given a task to find a resolution," the report says. "You’re going to...
US dollar jumps as Fed officials highlight higher neutral rate, sticky CPI
The US dollar is busting through some resistance levels. The euro is at the lowest in a year, helped by German 2024 GDP forecasts being dragged into negative territory with fiscal hawks likely to take over the government in February.EURUSD daily chartWhat's the...
Crypto vs. Forex: How Solana Price Volatility Compares to Currency Pairs
Both the Cryptocurrencies as well as Foreign Exchange (Forex) markets offer thrilling means of earning profits on the price movements. But one huge difference between these markets is volatility. However, Forex traditional currency pairs are known to experience...
Bitcoin bullish bias is strong
The price of Bitcoin moved above $70,000 again on November 5th, and $80,000 on November 10. The price broken $90,000 on November 12. Is Bitcoin 100K in the cards?The price has moved to a new all-time high of $91,945 - breaking above the high price from yesterday at...
US stocks are modestly higher
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,...
Tech sector shows mixed signals: Tesla accelerates while Google stumbles
Stock heatmap by FinViz.com Wed, 13 Nov 2024 14:46:08 GMTTech sector shows mixed signals: Tesla accelerates while Google stumblesThe US stock market today presents a diverse landscape of performances, with the technology sector exhibiting mixed momentum. Key players...