ING say that the US 10 year Treasury has "not been trading in a manner consistent with prior peaks" in US interest rates.Says extrapolating leads to the risk of a 5% yield: 10-year yield has remained elevated, which is not what would be expected if the Fed was...
“Is gold any good as a currency?”
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Forexlive Americas FX news wrap 8 Apr.Yields move higher but USD shifts down marginally.
The economic calendar and speakers calendar in the US session was light. The NY Fed inflation expectations saw the 1 year measure unchanged at 3.0%, but the 3 year expectations rose to 2.9% to 2.7%. The news didn't really impact forex, but the US rates remained...
Morgan Stanley point to indications of a “no landing outcome” of the US 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,...
Major US indices close little changed on the day
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Economic calendar in Asia Tuesday, 9 April 2024 – Fed’s Kashkari is speaking
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Trade ideas thread – Tuesday, 9 April, insightful charts, technical analysis, ideas
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,...
EURGBP sellers continue to find resistance seller against the key 100 day MA
The EURGBP sellers held resistance against the 100 day MA a few weeks ago and again last week. Today, the price moved up to retest that MA once again at 0.8584 and sellers once again stalled the rally. As a result of the history, it would now take a move above that...
Crude oil futures settle at $90.38.
Crude oil futures settled at $90.38. That's down $-0.79 or -0.87%.The high price for the day reached a $87.07. The low price was at $84.72.Prices fell on hopes for decreased tensions in Israel. The US said that a new hostage release proposal was presented to Hamas....
EURUSD/GBPUSD stretch to new highs on the day. The updated technical look for the pairs.
Both the EURUSD and GBPUSD are stretching to new at-session highs.For the EURUSD, in its run higher, it is now moving further away from its 50% midpoint of the March 2024 trading range. That level comes in a 1.08522 and represents close support now for the pair. The...
A nothing burger for the eclipse in Arizona at least
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JPMorgan Chase CEO Dimon warns about over confident markets.
JPMorgan Chase will release earnings at the end of the week, but today, CEO Jamie Dimon released his annual letter to JPMorgan Chase shareholders. In Dimon in his 61-page letter said the U.S. economy has remained resilient despite his skepticism, but also warned that...
Samsung is reported to be getting $6 to $7 billion for Texas chip manufacturing expansion
Earlier today, Taiwan Semi Conductor or TSMC announced they would receive $6.6 billion in return for a promise to build a third Arizona manufacturing plant costing $25B.Now Samsung is reporting to be getting six to $7 billion for their Texas chip manufacturing...
Hamas rejects Israel’s most recent cease-fire proposal
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Chicago Fed Pres Goolsbee speaking on radio interview:Economy was on a golden path in 2023
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Israeli PM Netanyahu: A date has been set for an invasion of Rafah
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USDCAD backs off from key swing area today.
The USDCAD on Friday, moved higher after stronger US jobs report and weaker Canada jobs. The move higher took the pair above a key swing area between 1.36049 and 1.36269. The high price reached 1.36468, and rotated back to the downside, back into and through the swing...
WH: CIA Director Burns in Cairo and hostage negotiation presented to Hamas. Await response
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European major indices closing mostly higher
London/European traders are looking for the exits. The major indices closed higher with the exception of the Spain's Ibex which fell marginally:German DAX rose 0.77%France CAC rose 0.72%UK FTSE 100 did rose 0.41%Spain's Ibex fell -0.04%Italy's FTSE MIB rose 0.87%As...
AUDUSD moves above the 100 day MA as buyers make a play
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