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 traders return from holidays and close major indices lower on the day
The European stock markets were reopened today after being closed for Good Friday and Easter Monday, and sellers pushed the major indices lower.Looking at the closing levels:German DAX index fell -1.13%France CAC index fell -0.92%UK FTSE 100 fell -0.22%Spain's Ibex...
More Mester: Seeing some slowing in the economy, but it is rebalancing
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,...
AUDUSD rebounds higher today after fall yesterday, but stalls at target resistance level.
The AUDUSD has rebounded higher today after the fall yesterday. However, the rally has stalled at a target resistance level at 0.65229. That level was s strong floor going back to November into January. Since there the price has traded more freely above and below the...
Fed’s Mester: Still expects the Fed can cut rates later this year but not at next meeting
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,...
Xi: Taiwan is first red line that cannot be crossed in China-US relations
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,...
S&P index gaps lower today and below a trend line and moving average.Sellers make a play.
The sellers are making a play in the S&P index, and in doing so has broken below a trendline on the hourly chart (near 5207), and also below is 100-hour moving average currently at 5198.39. Stay below those levels keep sellers in play AND control in the short term...
China’s Xi holds phone talks with US President Biden
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 above $2275 in fresh record high. What’s next
Gold is shining brightly today even as US Treasuries break to the highest yields of the year. It's an impressive rally that is fighting its way upstream in a tough market.I strongly suspect that central bank and Asian buying is the main driver of the impressive move...
USDCAD moves up and down with a modest bullish bias technically
The USDCAD traders are jockeying for control. Technically, the buyers are modestly in the lead as the price is above its 50% midpoint of the range going back to November 2023. That midpoint level comes at 1.35378. The price is also above its 100 and 200 bar moving...
Fed’s Bowman limits comments to bank regulation. Williams and Mester to come
The Fed's Bowman is a hawk so there was a risk of her leaning into today's bond move but she limited her comments to banking in a speech titled: Bank Mergers and Acquisitions, and De Novo Bank Formation: Implications for the Future of the Banking SystemYou can read it...
US February JOLTs job openings 8.756M vs 8.750M estimate
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 February factory orders +1.4% vs +1.0% 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,...
US stock trading sharply lower
Major US indices are sharply lower to start the trading day. News from Medicare about increased prices kickstart it the downside in the Dow. Later Tesla reported sales from last month much lower than expectations. An overbought market is also a contributor as our...
The USDCHF is rotating lower as the USD falls with stocks in early US trading
As the US stock market opens sharply lower, there have been a move out of the US dollar. The USDCHF is coming off a new high for 2024 at 0.9090 from earlier today. The price is falling back below high prices from last week's trading at 0.9071 and 0.9063 respectively....
US stock futures point to sharp declines
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,...
Ramadan Good Deeds – FBS Supports Vulnerable Communities
FBS, a leading global broker, has sent philanthropic support to needy families across Malaysia during the holy month of Ramadan. Through partnerships with Dignity for Children Foundation and SUKA Society, FBS collectively helped over 900 people nationwide.“At FBS, we...
Shares of Tesla fall 7% as March deliveries badly miss estimates
Tesla share price premarketDeliveries 387,000 vs 433,000 estimate (some consensus estimates as high as 457k)422,875 cars delivered last year in Q1 Production 433,371That's a big miss and it comes after some major downward revisions to estimates in the past week or so....
Bond selling more likely about the calendar than the fundamental outlook
The US Treasury market has certainly made things interesting so far in April.On just the second day of the month, the high yields in 10-years have broken out, rising above the 4.35% double top to the highest levels since November.If you want to stretch for a reason...
Germany March preliminary CPI +2.2% vs +2.2% y/y 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,...