The New York Times released a poll today showing Trump and Harris deadlocked. That's bad news for the Harris campaign as she had previously been leading. Combined with betting odds shifting in Trump's favor and it's starting to feel like we've hit a tipping point.The...
Super week coming up: Jobs data, tech titans, and two major GDP reports
AI imageThe Fed blackout starts at midnight but the week ahead is packed with market-moving data, decisions and earnings reports.Here's a day-by-day preview of the week ahead:MONDAY, OCTOBER 28US data: Dallas Fed manufacturing activityUK: Lloyds Business...
BOC Macklem: If population grows slows more than assumed, headline GDP will be lower
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,...
Bitcoin falls after a report says the FBI is investigating Tether
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,...
Gold climbs to the highs of the day, poised for weekly record close
gold dailyGold is impressive once again today as it rises $8 to $2743 after earlier falling as low as $2717. The rebound virtually assures that it will break the weekly closing record of $2719 set just a week ago. It's been record after record for gold and on...
Credit Agricole: USD outlook into the Nov-5 US elections
As the November 5 US presidential election approaches, Credit Agricole analyzes the potential impacts on the US dollar, noting improving odds for a Donald Trump victory and the subsequent market reactions.Key Points:The rising likelihood of a Donald Trump win has led...
Australian dollar sinks in a poor signal for risk trades. Falls to lowest since Aug 15
The risk mood is slowly deteriorating after a strong start. The S&P 500 is up just 10 points after rising is much as 50 pips. The trend has been steady and I haven't seen any headlines that would explain the moves. I'd chalk it up to angst around the...
GBPUSD works down toward the 100 day MA and the 100 hour MA
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,...
EURUSD moves back to the 100 hour MA after the push against the 200 hour MA stalled.
The EURUSD moved higher in the early US session and tested its 200-hour moving average currently at 1.08342. Although the price ticked above the MA line on a few hourly bars, the momentum stalled. The buyers turned to sellers, and the price has moved back to the...
CNN: Trump 47%. Harris 47%. It’s a horse race.
Wow Nellie. We have a horse race.The final CNN poll has Trump and Harris deadlocked at 47%. Earlier today NYTimes/Siena College poll in its final poll also showed a dead heat as well. Other polls show similar close results:Election Day: November 5.MoneyMaker FX EA...
AUDUSD trades below 50% midpoint, and around the 200 day MA
The AUDUSD moved lower earlier this week, and in the process fell below its 100-day moving average at 0.66952. A corrective bounce higher on Tuesday saw sellers lean against that level. Going forward, that level is a key resistance target.The subsequent fall midweek...
Nvidia is once again the world’s most-valuable company
Jensen HuangShares of Nvidia are up 2.4% today while Apple has gained 0.7%. That's enough to nudge Nvidia past Apple and re-claim the throne as the world's most-valuable company, a title it briefly held earlier this year.What NVDA hasn't been able to do is sustainably...
European equity close: A second flat day but declines on the week
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,...
NZDUSD trades above and below 0.6000
The NZDUSD has moved lower this week, and in the process moved below a swing area between 0.6031 and 0.60387. That swing area was retested yesterday on a corrective move higher and found willing sellers.On the downside, the low price reached earlier today stalled at...
Canada population curbs will be a drag for the loonie
Canadian Prime Minister Justin Trudeau is fighting for his political life and yesterday he came as close as he ever has to admitting a mistake. His government dropped immigration targets for the next three years by around 20%.Next year's target will instead be 395,000...
USDCAD buyers hold support. Tests the high for the week. Buyers in control.
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,...
Atlanta Fed Q3 GDPNow 3.3% vs 3.4% prior
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NASDAQ index soaring and on pace for a new record close
The NASDAQ index is soaring as yields back off. Durable goods were better than expected with ex Boeing numbers showing strength. The Michigan consumer sentiment came in better with inflation expectations lower than last month at 2.7% (versus 2.9%).The NASDAQ index is...
US UMich October final consumer sentiment 70.5 vs 69.0 expected
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USDCHF continues to consolidate near highs. 200 hour MA in play now at 0.8651
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,...