As US stock trading moves toward the opening at the bottom of the hour, the major indices are trading mostly higher:Dow Industrial Average average are trading up 72 pointsS&P index are trading up eight pointsNASDAQ index are trading down -3.25 points.US yields are...
Minneapolis Fed Pres. Kashkari: housing market is proving more resilient to tighter policy
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,...
Israeli government spokesman: Objective is still to destroy Hamas
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,...
Kickstart your FX trading for May 7 w/ a technical look at the EURUSD, USDJPY and GBPUSD
As the North American session begins, what are the key bias, risks, targets for the 3 major currency pairs - the EURUSD, USDJPY and the GBPUSD. It is important as a trader to understand, what the price action is saying. The price action with technical tools, give...
As the North American session begins, the USD is the strongest and the JPY is the weakest
As the North American session begins, the USD is the strongest and the JPY is the weakest. Having said that the pairs are fairly scrunched together with the USD, CAD and EUR fighting for the strongest. The JPY is the most weakest followed by the AUD which is lower...
Legendary Investor Stanley Druckenmiller cut his stake in Nvidia
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 European FX news wrap: Aussie dips slightly as RBA keeps policy unchanged
Headlines:Markets:NZD and USD lead, JPY lags on the dayEuropean equities higher; S&P 500 futures flatUS 10-ear yields down 2.6 bps to 4.463%Gold down 0.3% to $2,315.42WTI crude down 0.3% to $78.24Bitcoin up 0.9% to $63,848The RBA policy decision was the main...
Bond yields stay in retreat mode to start the month
US Treasury 10-year yields (%) daily chartThe turnaround came as traders are starting to digest a more dovish Fed outlook since last week. We've gone from seven rate cuts priced in to start the year down to one rate cut, before moving towards two rate cuts now. To be...
USDJPY Technical Analysis – The path of least resistance remains to the upside
The USD weakened across the board recently due to a more dovish than expected FOMC decision last week where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushing back repeatedly against rate hike expectations. Moreover, the...
There’s not much to work on this week
This is clearly one of the most boring weeks so far as the lack of key economic data is keeping the FX markets in tight ranges. The only notable releases will be the US jobless claims on Thursday and the University of Michigan consumer sentiment survey on Friday, but...
Eurozone March retail sales +0.8% vs +0.7% m/m 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,...
UK April construction PMI 53.0 vs 50.2 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,...
EURUSD Technical Analysis – Tentative price action into the US CPI next week
The USD weakened across the board recently due to a more dovish than expected FOMC decision last week where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushing back repeatedly against rate hike expectations. Moreover, the...
BOJ governor Ueda reportedly enters office of Japan PM Kishida
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 Boosted by Renewed US Rate Cut Hopes, Israel-Iran Ceasefire Talks Continue
Gold Boosted by Renewed US Rate Cut Hopes, Israel-Iran Ceasefire Talks ContinueLast Friday’s weaker-than-expected NFPs gave gold a boost on renewed US rate cut expectations. Further gains may depend on the outcome of ongoing Israel-Iran peace talks.Gold has found...
Dow Jones Close To 1-Month High, Eyes on Disney Earnings
The stock market trades at a 3-week high after significant support from the latest earning reports and US employment data. Economists continue to expect a rate cut no earlier than September 2024 despite the US unemployment rate rising to 3.9%. The US Dollar Index...
Germany April construction PMI 37.5 vs 38.3 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,...
European equities keep up the positive momentum to start the day
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 Technical Analysis – What changed after the RBA?
The USD weakened across the board recently due to a more dovish than expected FOMC decision last week where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushing back repeatedly against rate hike expectations. Moreover, the...
France March trade balance -€5.5 billion vs -€5.2 billion 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,...