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...
The EURUSD is running lower and looks to test a swing area on the daily
The EURUSD is following the US dollar higher (with a move lower). THe pair is trading at its lowest level since February 16, and in the process broke below an upward sloping trendline and the broken 38.2% retracement of the move down from the 2023 high. That level...
The GBPUSD makes a break for it. Runs lower and outside value area for the pair.
The GBPUSD fell sharply after the ISM data, and in the process, extended outside of the "value area" that has confined the pair between 1.2594 and 1.2800. Yes, there were moves below and above that range in February/March, but those breaks were brief. Most of the...
US dollar climbs to the highs of the day. Four things driving the bid
The US dollar is strong to start the week and to understand why, I think we have to go back to Friday.1) ISM manufacturingToday's ISM manufacturing survey was on the hot side. The headline rose above expectations and the prices paid component climbed to 55.8 from...
The USDJPY runs higher as the market gets a shove from data
The USDJPY is getting a shot higher after stronger-than-expected US PMI data. The price is running away from it converged 100 and 200 hour moving averages at 151.39. Staying above those moving averages keeps the buyers more in control. On the topside the price is...
Bank of Canada Q1 business outlook survey: Conditions improved slightly
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 construction spending -0.3% versus 0.7% 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,...
US March ISM manufacturing 50.3 vs 48.4 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,...
OPEC output fell 50k bpd in March
OPECProduction at 26.42 million barrels per dayThe largest cuts came from Iraq and Nigeria. Iraq had been producing above quota and agreed to cut by 130K in March. They fell short of that and will be under pressure to do more in April.Overall, productionw as about...
US S&P global manufacturing PMI for February 51.9 versus 52.5 flash
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,...
Canadian S&P global manufacturing PMI 49.8 versus 49.7 last month
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 stocks opens mixed to start the trading 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,...
Head on a swivel today
For most people, April Fool's is a light-hearted and fun day but if you're a news trader, it's a minefield. In the AI era, it's going to be even worse as fake news can take on an indistinguishable air. There's also a big cohort of the internet that would love to fool...
What technical levels are in play to start the trading week starting April 1?
The video above outlines the technical levels in play that will help drive your FX trading vs the USD in the new trading week. What are the key bias defining levels, the targets the risks for the EURUSD, USDJPY, GBPUSD, USDCHF, USDCAD, AUDUSD and the NZDUSD. Start the...
[부업/수익 인증] (일 거의 안하고) 자동으로 하루 4~6만원 돈버는 새로운 방법! (나이 학력 무관! 0원으로 시작해 → 월 120만원 반자동 수익 만들기)
https://www.youtube.com/watch?v=xrwR0frPk28 그동안 다양한 직장인 부업과 투잡을 소개해 드렸는데요, 오늘은 자동으로 하루 4~6만원 돈버는 새로운 방법을 소개합니다. 이번에 만난 인터뷰이는 스킬북상점 님인데요, 해당 인터뷰이는 회사의 월수익이 적어 고민하던 차에, 우연찮게 시작한 부업을 통해, 자동으로 부수입을 만들 수 있는 새로운 방법을 알게 되었고, 꾸준히 노력한 결과 현재 월 평균 120만원 이상의 돈을 꾸준히 벌고 있는데요, 이번에...
The key events on the economic calendar in trading this week
It's a new week, new month, and new quarter to kick things off today. But the Easter holiday is overshadowing markets and keeping things rather quiet, for now at least. North American traders will be greeted with a more muted mood as such but we are seeing gold stay...
GameStop’s Q4 Results. Traders React to Weak Earnings
GameStop Corp. is facing a whirlwind of challenges. The beloved stock among retail traders took a hit early Wednesday morning, now down over 20% for the year and nearly 50% in the last twelve months. This downturn follows the company's Q4 earnings report and more job...
AUD/USD stays sluggish near the 0.6500 mark for now
AUD/USD daily chartThe pair is now settling down a bit after some rather back and forth action in March trading. It looked like buyers were poised for a strong breakout, only to get their wings clipped following a reversal to the initial reaction to the US jobs report...
1.36 hurdle still a stretch too far for USD/CAD currently
USD/CAD daily chartThe pair has had some decent swings in price action in the last two months. However, they seem largely contained between the lower threshold of 1.3450 and now the ceiling at 1.3600. The latter in particular looks to be a strong resistance point as...
USD/CHF holds on just above 0.9000 as buyers stay poised for now
USD/CHF daily chartThe recent upside momentum has stalled a little but the pair still clocked in three straight weekly gains coming into trading this week. The good news for buyers is that price is consolidating just above the 0.9000 threshold now. It's not entirely...