The EUR/USD is following a well-defined technical script after the ECB's 25-basis-point rate cut. The pair initially dropped to a low of 1.0463, just above the upper boundary of a key swing area between 1.0448 and 1.0461. Buyers stepped in at this risk-defining level,...
USDCHF runs higher after surprise 50 bp cut by the SNB. What next?
The SNB cut rates by 50 basis points to 0.50% from 1.00%, exceeding market expectations of a 25 basis point cut. Following the announcement, the USD/CHF pair climbed from 0.8820 to 0.88937, near the top of a key swing area on the hourly chart, between 0.88808 and...
EUR/USD: Choppy trading takes hold after the ECB rate cut
EUR/USD 5 minsIt's been a tough short-term trade in the aftermath of the ECB rate cut. The move was wholly expected and the market is comfortably fully pricing in another 25bps cut in January, with a decent chance of a 50 bps cut in March or sooner.What may have...
ECB sources: Handful of policymakers were initially in favor of 50 bps cut
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,...
Natural gas prices climb after surprisingly strong US inventory draw
Natural gas is back in the hot seat.Cold, stagnant weather in Germany has boosted TTF prices there to the highest since 2022 and now the US market is showing signs of life. Today's storage report from the EIA showed a draw of 190 billion cubic feet compared to 165 bcf...
AUDUSD has floor support and resistance at the 200 hour MA
The AUDUSD moved to the lowest level since August yesterday and in the process tested the lowest level going back to November 2023 near 0.6334. The price bounced higher into the close, ending the day at 0.6368 - just above the swing area high (see red numbered...
USDCAD finds sellers against the highs for the week
The Bank of Canada cut rates by 50 basis points yesterday and the initial reaction was lower (higher CAD). However, after falling below a target at 1.4145, and the rising 100-hour MA, the price snapped back higher. In trading today, the initial reaction was to the...
China keeps dangling stimulus but still no details
Hopes for global growth and Chinese stocks jumped ahead of the two-day Work Conference in Beijing but those looking for details were left disappointed.The main pledges were towards a more-proactive approach and higher debt relative to GDP but the details -- or even...
NASDAQ Futures AI Analysis: Bearish Momentum Targets Key Support Levels
Nasdaq Price Prediction by ForexLive.com's AI: Bearish Bias, Score: -6The AI-driven prediction scale for Nasdaq futures ranges from -10 to +10, where -10 reflects extreme bearish confidence identified by AI analysis, +10 represents extreme bullish confidence based on...
Karrier One Launches Decentralized WiFi Hotspot Devices on Sui Network
Karrier One, a decentralized physical infrastructure network (DePIN) built on the Sui Network, is excited to announce the worldwide launch of its innovative WiFi Hotspot devices. These devices empower individuals to contribute to a decentralized connectivity...
Technology sees mixed signals: Semiconductors struggle while healthcare shines
Stock heatmap by FinViz.com Thu, 12 Dec 2024 14:46:13 GMT📉 Semiconductor SectorThe semiconductor sector faces a challenging day, with notable declines. Nvidia (NVDA) is down by 1.70% and Broadcom (AVGO) is sliding by 1.77%. These moves suggest a bearish outlook in...
Trump: Stock market is very important.
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,...
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Pantheon sees core PCE at 0.13% (round to 0.1%) vs 0.2% last month after PPI data
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,...
Pres. Elect Trump to ring the opening bell at the NYSE
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,...
Lagarde Q&A: There were some discussions around considering 50 bps
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,...
China’s central economic work confernce: Will maintain basis stability of the Yuan
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,...
Lagarde: Growth is losing momentum
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,...
Kickstart your FX trading for Dec 12 w/ a technical look at the EURUSD, USDJPY and 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,...
Watch live: ECB press conference with Christine Lagarde
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,...