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,...
USDJPY fluctuates around 100 hour MA, targeting key highs and lows
USDJPY trades up and downThe USDJPY remains in an up-and-down market as the day moves toward the close. The price is marginally higher now and tests the 100 hour MA at 151.39. The highs from earlier today did get above those levels, but could not sustain the upside...
ECBs Villeroy says or inflation declined is rapid but it remains to high
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,...
BofA: Maintains above-consensus year-end EUR/USD target at 1.15; here’s why?
Synopsis: Bank of America reaffirmed its bullish stance on EUR/USD, projecting the pair to reach 1.15 by the end of 2024, in contrast to the more conservative consensus forecast of 1.10 for this year and 1.14 by 2025. BofA's optimism stems from expectations of a...
European indices close the day with mixed results. Solid gains for the 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,...
Crude oil up over 15.5% for 1Q 2024
The price of crude oil is trading up $1.41 or 1.73% today at $82.77. With 1Q quarter end approaching, the price is up a solid 15.53%. The price at the end of the year closed at $71.65. The gain is the largest since Q3 in 2023 when the price surged 28.52% only to then...
Russell 2000 looks to end quarter at a new 52-week high
With the stock market closed tomorrow, today is the end of the month and the quarter for stocks.Russell 2000 is trading at the 52-week highThe Russell-2000 of small-cap stocks are doing the best of the major US indices today with a gain of 0.89% and in the process is...
AUDUSD rebounds higher after dump lower runs out of steam and snaps back higher.
The AUDUSD is snapping back to the upside helped by lower yields. The Michigan inflation expectations came in lower which tilted yields back to the downside, and that is helping to weaken the USD including the AUDUSD. Technically, the price is trying to extend back...
Sam Bankman-Fried sentenced to 25 years in prison
courtroom sketch of Sam Bankman Fried todaySam Bankman-Fried has been sentenced to 25 years in prison by Judge Lewis Kaplan of the Southern District of New York:"It is the judgment of the court that you are sentenced to 240 months then consecutive 60 for a total of...
KC Fed March manufacturing index -9 vs +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,...
Gold is on track for the first ever close above $2200
Gold weeklyThese are heady days in the gold market.Despite some US strength and hawkish comments from the Fed's Waller today, gold is a standout performer, up $20 to $2213.If gold can hold onto most of those gains, today will mark the first ever daily close above...
USDCAD continues its ups and downs and returns to support.
The USDCAD is keeping the ups and downs going today which is the pattern for the week as well. At the highs today, the price moved into a swing area between 1.3605 and 1.36269. After rotating lower, the last few bars on the 4-hour chart below have seen the price...
Sam Bankman-Fried learns his fate today. Ominous signs in early comments from the judge
Sam Bankman-Fried arrived in court for his sentencing hearing today and could be facing what is essentially a life sentence.Judge Lewis Kaplan of the Southern District of New York will decide his fate. Prosecutors have asked for 40-50 years, which will essentially be...
USDCHF tests a cluster of support as buyers take profit. Can support area hold?
The USDCHF is correcting lower in early US trading and in the process is back down testing the:Broken 38.2% on the daily chart at 0.9025.100 hour MA at 0.90167Swing level at 0.9020A move below the area would open the door for more corrective price action after the run...
US February pending home sales +1.6% vs +1.5% 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 UMich final consumer sentiment 79.4 vs 76.5 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 stocks mixed in early trading
The major US stock indices are trading mixed at the US open. The flow of funds is more into the Dow with the S&P near unchanged and the Nasdaq down marginally. The small-cap Russell 2000 index is also higher. Recall from yesterday, the S&P index closed at a...
Kickstart the FX day for March 28 with a technical look at the EURUSD, USDJPY and GBPUSD
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 equities open flat, energy threatens a breakout
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 dollar climbs after stronger January and February GDP
USD/CAD fell about 20 pips on a strengthening Canadian dollar following upbeat numbers on January and February GDP.Canada's economy grew 0.6% in January 2024 in the best monthly gain in a year. That follows a series of flat-or-negative numbers stretching over the...