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,...
Biden: Understands how and when Isreal will respond to Iran missile attack
Pres Biden is out saying:He has an understanding of how and when Israel is going to respond to the missile attacks by Iran but declines to give detailsHe also says that there's the possibility of working for a cease-fire in Lebanon, it's going to be harder in GazaThe...
European equity close: A green day to round out 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,...
The NZDUSD this week extended to a new low into swing area support, and bounced modestly.
The NZDUSD price action this week has been lower, but there also has seen a lot of ups and downs and consolidation after the sharp move lower from the end of September high at 0.6377 to the low this week at 0.6038 (12 days from top to the bottom)Technically, the...
ECB’s Makhlouf: I do not believe rates should have been cut faster
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,...
Fed’s Bostic: We may see a lull in activity and spending around the election
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,...
Insights from 16 conference calls: Whispers from companies that reported this week
I believe that the most-underrated source of information on the economy is from corporate conference calls, particularly those that are most-sensitive to macro. I went through the calls of 16 companies that reported this week and found the comments about macro health,...
Atlanta Fed GDPNow remains unchanged 3.4% for the third quarter
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 buyers remain in control. Bank of Canada rate decision next week
The USDCAD buyers remain in control in what has been an up-and-down trading week that did see the pair move to the highest level since August 6th. At the price high this week, the USDCAD moved into a swing area going back to the end of July early August between...
The BRICS Currency is on the Horizon
As the 16th BRICS summit approaches, the world is watching with anticipation. With the introduction of new members and the ongoing development of a BRICS currency, this gathering could mark a significant turning point in international finance. Will the summit unveil a...
ECB’s Lagarde set to appear on Bloomberg TV
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,...
Putin: A BRICS unified currency is premature
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,...
Dow Industrial average is lower. NASDAQ higher to start the new trading day
As the US stock trading gets started, the Dow is lower as Amex (-4.25%)and P&G (-1.75%) weigh on that index after earnings disappointed. The Nasdaq is moving higher led by Netflix after their earnings (+9.5%). A snapshot of the market is showing:Dow down -125.69...
Tech giants rally: Apple and Nvidia soar while Amazon dips
Stock heatmap by FinViz.com Fri, 18 Oct 2024 13:46:14 GMTSector OverviewThe stock market is experiencing varied performances today, with Technology leading the charge. A noticeable upswing is observed particularly in Tech giants, making it a day of wins for some and...
What are the technicals driving the USDCHF and the EURCHF for October 18
The USDCHF this week extended above a swing area between 0.86078 and 0.8619, and then the 38.2% retracement of the move down from the July high to the September low at 0.86318.Yesterday there was a corrective move that took the price briefly below the 38.2%...
Pell Network Secures $3M Funding to Build Omnichain DVS Network
Pell Network, an Omnichain Decentralized Validation Services (DVS) network, has successfully raised $3 million in pre-seed funding, as announced on October 16, 2024.This round was co-led by Paper Ventures, Halo Capital, and Mirana Ventures. Incubator D11-Labs and key...
Is Investing in Altcoins the Future?
Take a look at the state of the crypto industry and one thing quickly stands out; Bitcoin reigns supreme. In terms of market cap, value per token, and sheer popularity, it is clearly leading the pack. In fact, it was declared the best-performing asset of the 2010s,...
US stock futures higher as Netflix rises 6.5%
SPX dailyS&P 500 futures are up 13 points after touching a record high (and then fading) yesterday. Nasdaq future are up 0.3% with some help from Netflix, whose shares are up 6.5% after beating estimates on subscriber growth. Apple shares are also up 1.8%...
Kickstart the FX trading day for Oct 18 w/ a technical look at the EURUSD, USDJPY &GBPUSD
TGIF.The USD is trading lower to start the last trading day of the week.The EURUSD and GBPUSD are higher. The USJDPY is lower. What are the technicals are driving each of the major currency pairs. I will outline them in the video above. Below is a written...
US Sept housing starts 1.354m vs 1.350m 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,...