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,...
How ChatGPT can generate stock tickers that provide a profitable day trading strategy
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,...
Mexico’s state-controlled oil company plans to halt some crude exports in coming months
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,...
Forexlive Americas FX news wrap 1 Apr: US yields/US dollar moves higher to start April
The USD got kicked higher to start the new trading month as yields climbed to their highest levels since March 20. The 10 year rose 12.1 basis points which was the largest increase since February 13. The 2-year yield rose 8.9 basis points on the day also its biggest...
Fed Watch update: Chance of an FOMC June rate cut is sliding lower as data comes in hot
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,...
April is off to a mixed start in stocks
April is historically the strongest month for the S&P and the NASDAQ index. On the first day of the three-month, the results were mixed with S&P was lower on the day, while the NASDAQ was higher.The Dow Industrial Average Russell 2000 both fell as well.The...
Credit Agricole: What 50 years uf US history tells us about the next 6-12M
Credit Agricole examines historical FX market trends surrounding past Federal Reserve easing cycles and US recessions, offering a forecast template for the next 6-12 months. The analysis predicts a Fed easing cycle beginning in summer 2024, coinciding with a mild US...
Economic calendar in Asia Tuesday, 2 April 2024 – Fed and RBA speakers
On the calendar for the session ahead. From the Federal Reserve Board we have Governor Lisa Cook speaking:gives acceptance remarks before a Lifetime Achievement Awards Ceremony hosted by the Cook Center at Duke UniversityWhich doesn't sound like we'll get anything...
Trade ideas thread – Tuesday, 2 April, insightful charts, technical analysis, ideas
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,...
NZDUSD hits fresh yearly low; sellers retain control
The NZDUSD price has extended to a new low for the trading year and extended to the lowest level since November 17. The low on that day came in at 0.5939 which is where the price decline stalled today. The current price is trading at 0.59487.Earlier today, the high...
Crude oil futures settle at $83.71 a barrel
The price of the WTI crude oil futures are settling at $83.71 - its highest close since October 27, 2023. The price is up $0.54 or 0.77% on th day. The high price today reached $84.49. The low price was at $82.60.The gains today come after a 3.2% increase last week....
The USDCAD moves higher & away from moving avg. support.Can the buyers keep the momentum.
The USDCAD is running to the upside and in the process is moving away from the 100/200 bar MA on the 4-hour chart. Both of those moving averages are near 1.3536 (the current price is trading at 13582).The price high has moved to 1.3585 which was also the hybrids going...
Focus is shifting back to the large US fiscal deficit
Ken GriffinThere is a bit of mystery about why the US economy is so resilient this year and it's increasingly clear to me that there's one simple reason: Fiscal spending.The CHIPS and IRA legislation loaded up spending in 2024 and 2025 and that's driving spending...
April seasonals: Soggy weather, sizzling markets
March seasonals provided a good clue for what might happen in the month. For starters, March is the second-strongest month for USD/JPY and that was tailwind as the pair rose to the 152.00 level after an early-month dip on BOJ tightening reports.In March I wrote:The...
Market Sentiment: Gold’s Bullish Outlook Intact; AUD/USD, NZD/USD Biased Lower
Most Read: SPY and QQQ Seem Overbought but RSP Looks AttractiveMarket psychology can be a powerful force, often leading the retail crowd to follow the herd. However, experienced traders recognize the potential for profitable opportunities by going against the grain:...
Oil rises to the highest since October as Israel bombs Iran’s consulate in Damascus
Israel bombed the Iranian consulate in Damascus, killing a general and five others. It's rare to see diplomatic buildings targeted in the long-running fight and that could signal escalation or retaliation. Oil was stronger on the day ahead of the news so it's...
AUDUSD moves lower on USD buying and falls back below a retracement level
The AUDUSD has moved to a new low going back to March 5, and in the process has broken below its 61.8% retracement of the move up from the October 2023 low. That level comes in at a natural target at 0.64995 (call it 0.6500). The level now represents a short-term...
USDCHF buyers are back in the drivers seat. Price moves back above the 38.2% retracement.
The USDCHF is moving sharply to the upside as the market reacts to the better-than-expected ISM data. In the process, the price has moved back above its 38.2% retracement at 0.90252. Recall that late last week, the price moved back below that retracement level which...
Atlanta Fed Q1 GDP now +2.8% vs +2.3% 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,...
Today’s jump in Treasury yields could be the start of an ominous technical signal
US 10sUS 10-year yields are up a whopping 13.3 basis points today and approaching the key 4.35% level. The chart looks like a rough head-and-shoulders pattern and even if you don't see that a break of 4.35% would be material. The measured target from the H&S would...