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
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,...
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
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,...
Chicago Fed Pres Goolsbee speaking on radio interview:Economy was on a golden path in 2023
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,...
Israeli PM Netanyahu: A date has been set for an invasion of Rafah
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,...
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
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,...
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
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,...
BofA: Here is what we expect from Wednesday’s US March CPI print
US CPI yyBank of America forecasts a more moderate core CPI inflation for March, suggesting potential relief in inflationary pressures. Core CPI is expected to slightly decrease, influenced by a drop in core goods prices and lessened service price pressures, rounding...
NY Fed inflation expectations: Three-year inflation expectations 2.9% vs 2.7% prior
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 and GBPUSD moves to new highs on the day. What next?
The USD moved to new lows vs the EUR and GBP (new highs for the EURUSD and GBPUSD) in US morning trading. THe EURUSD has moved to a new high and in the process has tested the 50% of the move down from the March high to the March low. However, sellers have leaned...
Goldman Sachs maintains short EUR/CAD position ahead of ECB meeting
EUR/CAD dailyGoldman Sachs holds a bearish outlook on EUR/CAD, targeting a move to 1.44, in anticipation of this week's ECB meeting. The firm argues that despite EUR/USD hovering around the 1.08 level for approximately two months due to counteracting market forces,...
USDCHF continues the ups and downs that has dominated the last two weeks of trading.
The USDCHF is higher on the day, and in the process has moved back above its 200-hour moving average 0.90416 and 0.90471. Those two moving averages are near the middle of what has been an up-and-down train rage over the last 9+ trading days (around two weeks). That...
US March employment trends 112.84 vs 112.29 prior
Prior was 112.29 (revised to 111.85)This is a composite of data that's already released so it's not a market mover.“The ETI increased slightly in March, signaling employment will continue to grow in Q2 of 2024,” said Will Baltrus, Associate Economist at The Conference...