USDCHF dailyBofA suggests staying short on CHF, particularly against USD and GBP, as post-election volatility subsides and G10 rate repricing supports a weaker CHF. While political risks may pose a minor obstacle, BofA sees CHF depreciation as likely due to policy...
USDCHF extends above the 200 day MA
The USDCHF has moved up to a high of 0.88357. That is just short of a high swing area on the daily chart above at 0.88379. Get above that level and stay above, opens the door for more upside momentum. ON the downside, the closest risk is the 200 day MA, but more...
US 10 year yield looks to close at the highest level since July 1
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,...
Major European indices are closing sharply lower
The major European indices took a hit on Tuesday, with the German DAX of falling -2.13% France's CAC -2.69%. For the DAX it was the largest decline going back to August.. For the Cac, it was the largest decline going back to July 2023Concerns about the implications of...
Amazon: AI business is growing at triple digit percentages
Amazon is reporting that is AI business is growing at triple-digit percentages. This is according to the Business Insider. The shares of Amazon moved to a new all-time high on Thursday of last week at $212.25. Since then the price has rotated lower (working on its...
USDJPY trades above last week’s high
The USDJPY is extending to a new session high after testing is 61.8% retracement earlier in the day at 153.397 and finding willing buyers.The market to the upside has now taken the price to a high of 154.75. That has extended above the high price from last week at...
GBPUSD stretches toward 61.8% retracement
The USD is moving higher. The EURUSD is against the 2024 low at 1.0600.The USDJPY is trading to new highs and has entered into a swing area between 154.54 in 155.09. The high price last week reached 154.704 and is the next upside target.For the GBPUSD it is trading to...
John Paulson drops out of the running for Treasury Secretary
John PaulsonHedge fund titan John Paulson is dropping out of the running for Treasury Secretary. "My complex financial obligations would prevent me from holding an official position in President Trump's administration at this time," he said.Now that's obviously damage...
New York Fed: 1-year inflation expectations 2.9% versus 3.0% 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,...
EURUSD pushes against the 2024 low at1 1.0601
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 falls to swing area low target ahead of the extreme low from last week. What next?
The AUDUSD has moved lower to a swing area low at 0.65357. The high of the swing area comes in at 0.65537. It would take a move above that level and then the 61.8% at 0.6575, to give the buyers more confidence and cause the sellers to have some cause for pause. ON the...
Fed’s Barkin: Fed in position to respond appropriately regardless of how economy evolves
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 Waller: Makes no comments on economy or monetary policy outlook
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,...
Black & Decker thinking about getting ahead of the tariffs
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,...
Tech giants and industrials lead as Tesla takes a dip
Stock heatmap by FinViz.com Tue, 12 Nov 2024 14:46:08 GMTTech giants and industrials lead as Tesla takes a dipThe US stock market today offers a mixed bag of performances, with major tech players showing resilience, contrasted by notable losses in the auto...
Natural gas: Eyeing extreme dip buying levels for generational gains.
Hello, this is Itai Levitan at ForexLive.com. Today, I’m diving into Natural Gas Futures (NG), which are trading around 2.92 as of yesterday's close. This analysis will be relevant to those of you looking at CFDs, futures themselves, or stocks related to natural gas....
And they are off. US stocks are marginally higher in the early trading
And they are off... US stocks are officially open and the major indices are marginally higher after closing at record levels yesterday. The Dow is higher. the S&P is trading above and below unchanged while the NASDAQ index is also trading above or below unchanged....
LiteFinance Becomes the Official Trading Partner of Leicester City Football Club
LiteFinance has entered into a multi-year partnership with Premier League football club Leicester City as their Official Trading Partner.We are excited to announce that LiteFinance has entered into a multi-year partnership with Premier League football club Leicester...
USDCAD moved higher in the Asian session but after taking out recent highs rotated lower
The USDCAD moved higher in the Asian session and extended above the highs over the last few weeks between 1.3945 and 1.3958. The high price extended to 1.39664 but fell short of the 2022 high which came in at 1.3977.The inability to move higher turn the buyers to...
Warped Games Announces Official Partnership with Mysten Labs to build on Sui
Warped Games, an indie game studio consisting of web3 and veteran game developers who have a legacy in creating player-focused games like LEGO Universe, Jumpgate, and Dragons and Titans, is on a mission to onboard millions of players to expand the Warped Universe, an...