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,...
Nvidia shares break the June high to hit a record
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,...
The ECB is behind the curve and oblivious to it
The euro fell to a two-month low of 1.0812 during the ECB press conference. Some of that was on the US dollar side as retail sales beat expectations but the bulk of today's 40 pip decline in domestically driven.The ECB just doesn't seem to get it.Lagarde repeatedly...
Semiconductor sector surges: Microsoft and Apple lead tech rally
Stock heatmap by FinViz.com Thu, 17 Oct 2024 13:46:13 GMTSector OverviewToday's market heatmap reveals a vibrant day for the semiconductor sector, with key players like Nvidia (NVDA) jumping 2.85% and Broadcom (AVGO) skyrocketing 3.13%. These gains underline strong...
The major US stock indices are higher led by the NASDAQ index, but off early high levels
The major US stock indices are moving higher in early trading led by the NASDAQ index. Better economic data is fueling the gains with retail sales, Philadelphia Fed manufacturing, and initial jobless claims all better than expected. TSMC earnings were higher than...
Kickstart the FX trading day for Oct 17 w/ a technical look at the EURUSD, USDJPY & 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 September Industrial production -0.3% versus -0.2% 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,...
Lagarde Q&A: All the data is headed in the same direction
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,...
Reuters Poll: BOC to cut overnight rate by 50 basis points on Oct 23
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,...
Lagarde opening statement: Economic activity has been somewhat weaker than 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,...
Watch live: ECB’s Lagarde holds press conference
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,...
October Philly Fed manufacturing index +10.3 vs +3.0 expected
Prior was +1.7New orders: 14.2 vs -1.5 priorShipments: 7.4 vs -14.3 priorUnfilled orders: -1.5 vs -6.7 priorDelivery times: 10.2 vs -0.7 priorInventories: 0.5 vs +5.0 priorPrices paid: 29.7 vs +34.0 priorPrices received: 17.9 vs +24.6 priorEmployment: -2.2 vs +10.7...
US initial jobless claims 241K vs 260K estimate
Prior week 258K revised to 260KInitial jobless claims 241K vs 260K est4-week moving average initial jobless claims 236.25K vs 231.5K priorContinuing Claims 1.867M vs 1.865M estimate. Prior week of continuing claims revised to 1.858M versus 1.861M previously reported4...
US September retail sales control group +0.7% vs +0.3% expected
US retail sales control groupPrior control group was +0.3%Headline retail sales +0.4% versus +0.3% expectedRetail sales $714.4 billion versus $711.3 billion priorPrior m/m sales +0.1%Retail sales y/y +1.7% versus +2.2% priorEx autos +0.5% versus +0.1% expectedPrior ex...
EURUSD remains below the 200 day MA at 1.08727 after ECB rate cut
The ECB did cut rates by 25 basis points as expected. A summary shows:Interest Rate Changes:Lowered the deposit facility rate by 25 basis pointsDecreased the interest rates on main refinancing operations to 3.65%Decreased the marginal lending facility rate to...
ECB cuts key rates by 25 bps in October monetary policy decision, as expected
Prior decisionDeposit facility rate 3.25% vs 3.25% expectedPrior 3.50%Main refinancing rate 3.40% vs 3.40% expectedPrior 3.65%Marginal lending facility 3.65%Prior 3.90%Incoming information shows that the disinflationary process is well on trackThe inflation outlook is...
ForexLive European FX news wrap: Aussie holds early gains, ECB up next
Headlines:Markets:AUD leads, CAD lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields up 1.8 bps to 4.033%Gold up 0.5% to $2,687.18WTI crude up 0.2% to $70.56Bitcoin down 1.0% to $66,912It was a session bereft of any major headlines...
AUDUSD Technical Analysis – Breakout or fakeout?
Fundamental OverviewThe US Dollar has been gaining ground across the board this week despite the lack of economic data and lower Treasury yields, essentially moving forward by inertia.Stanley Druckenmiller said in an interview yesterday that the market is already...
US must have healthy relationship with China based on level playing field – Yellen
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,...
USDCAD Technical Analysis – Testing a key resistance
Fundamental OverviewThe US Dollar has been gaining ground across the board this week despite the lack of economic data and lower Treasury yields, essentially moving forward by inertia.Stanley Druckenmiller said in an interview yesterday that the market is already...