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,...
Some trading rules from a Market Wizard
I stumbled onto this thread from Peter Brandt and I want to share it.Brandt was featured in Unknown Market Wizards as part of the essential series from Jack Schwager. Brandt has been trading since 1976 and didn't always have success. He initially failed, the had a...
US crude oil futures settle at $85.43
Crude oil futures are settling at $85.43. That is up $0.28 or 0.33%.The high price for the day reached $86.20. The low price was at $84.85.The weekly inventory data showed that crude oil stocks showed a build of 3.210 million barrels. The expectations was for a draw...
Copper is beginning to cook
copper weeklyCopper prices are up 3% today to the best levels in 14 months.China represents about 50% of global demand so it's generally a China story when it's rallying. So it's no surprise that the latest leg higher came after this week's versions of the China PMIs...
April seasonality USD tends to fall in April and bounce back in May — SocGen
Société Générale notes a consistent seasonal pattern in FX markets where the US dollar tends to weaken in April, followed by a stronger recovery in May. This trend has been observed 65% of the time since 2004, suggesting a non-random phenomenon. On average, the dollar...
USDCHF falls belwo the 100 hour MA but stalls at the 200 hour MA
USDCHF trades to the 200 hour MA and finds supportThe USDCHF earlier today reached up to the highest level of the year at 0.90949. However the last three or four hours have seen a rotation to the downside after the weaker than expected ISM nonmanufacturing data. Fed's...
Powell:Inflation wasn’t just a question of demand overheating but involved supply side too
Inflation was not just a question of demand overheating, but also involved a supply shock.Needed to see an unwinding of the pandemic led distortions and the effects of tighter monetary policyWe think monetary policy is tightThere may be more supply-side gains to be...
Fed’s Powell: If economy evolves as expected, most on FOMC see begining of cuts this year
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,...
US 10 year yield moves to a new high for year but backs off. What next?
US 10 year yield moves to a new high for the year.The US 10-year yield has been pushing to the upside in April helped by the shift in perception that the Fed is on hold for longer and may cut less in 2024. The 10 year yield was trading near 4.20% at the beginning of...
Watch live: Powell and Goolsbee set to speak
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 equity close: Back in the bright side
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 rallies toward key moving average amid weak ISM data
The weaker-than-expected ISM nonmanufacturing data - with prices paid full and sharply - sent the EURUSD sharply higher and above its 200 hour moving out at 1.07983 and a swing area between 1.0795 and 1.08063. That is now close support. Staying above is more positive...
iFX EXPO LATAM 2024 is Right Around the Corner
iFX EXPO LATAM 2024 will be here in less than one week and the hype has reached a fever pitch. The premium online trading expo is the most anticipated event of the year in Latin America (LATAM), taking place on April 9-11 in Mexico City. Participants can expect the...
US dollar comes under further selling pressure
The market looked like it might be at the breaking point heading into ISM services, with evidence mounting of a resilient economy and firming inflation pressures.Then the data hit and it showed the opposite. The ISM services index missed estimates and the prices paid...
AUDUSD moves higher after softer ISM data, and towards a key cluster of moving averages.
The AUDUSD moved above a key target resistance level at 0.6523 after the weaker than expected nonmanufacturing ISM data. The move to the upside has now taken the price up toward a cluster of moving averages including the 200-day moving average at 0.6543, the 100 and...
EIA weekly US crude oil inventories +3210K vs -1511K
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,...
Whoops. ISM nonmanufacturing reverses the USD (higher), yields (lower) & stocks (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,...
ISM March services index 51.4 vs 52.7 expected
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 muddles along today but remains above key moving average support.Can that continue?
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,...
US March S&P Global final services PMI 51.7 vs 51.7 prelim
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,...