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,...
Investors Amend Portfolios in Preparation For The Upcoming Earnings Season!
Analysts see very little potential for Tesla’s stock price to rise in the medium term. Economists also indicate the stock may fall outside of the NASDAQ’s top ten influential stocks. The USA100 continues to trade within a descending triangle with no real bullish...
BofA: USD dynamics post-FOMC: ‘birds of a feather’?
BofA analyzes the short-lived USD selloff following the March FOMC meeting, attributing the initial decline to several perceived dovish indicators from the Fed. However, subsequent dovish actions or communications from other G10 central banks, such as the SNB's...
AUDUSD sellers pushed below trend line support but failed in what is an up and down day
In the video above, I take a look at the AUDUSD from a technical perspective. This week, the price action has been up and down volatile. Today, the low was pressed with the price moving down to test a lower upward sloping trend line. That trend line was broken on 2...
US urges allies to bar companies from servicing certain Chinese chipmaking tools
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,...
EIA weekly US crude oil inventories +3165K vs -1275K 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 weekly EIA crude oil inventory data coming up next
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 backs off from ceiling area again
The USDCAD moved up to retest the swing area between 1.36049 and 1.36269. The high price today reached near the low of that ranges at 1.36071 before rotating back to the downside. The price is trading near session lows nos at 1.3578. Going forward that ceiling area...
US judge rules that Coinbase failed to register as a securities business
Shares of Coinbase are quickly lower by 2% after a court ruling allowing the SEC to proceed with a lawsuit that Coinbase failed to register as a securities business. However the claim they acted as an unregistered broker via wallet application was dismissed, so it's...
US stocks are trading higher at the open, erasing declines from yesterday
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,...
USDCHF continues its run to the upside as the buyers keep the momentum going
The USDCHF is running higher again after basing against its broken 38.2% retracement of the move dale from the 2022 hi. The retracement comes in at 0.90254. The low today was a few pips short of that level before buyers stepped in and pushed the price higher. Staying...
S&P 500 set to erase yesterday’s late decline
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,...
South African reserve bank keeps repo rate at 8.25%
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 the FX trading day for March 27 w/a technical look at EURUSD, USDJPY and GBPUSD
Kickstart your FX trading day with a technical look at the three major currency pairs - the EURUSD, USDJPY and GBPUSD. For the EURUSD, the pair rose on Monday and Tuesday in the process pulled up toward its 100-day moving average at 1.0865 area. Sellers leaned against...
Eyes on Waller today but it it will be a long wait
It's been a bit of a grind in markets this week and, judging by the economic calendar, today will be more of the same. There is no economic data due but we have the weekly EIA oil inventory data and a seven-year note auction.The highlight will be a speech on the...
What is a Crypto Hardware Wallet and How Does It Work?
If you want to manage your digital assets securely, hardware wallets are a popular choice. Understanding how they work can be very helpful, as having a reliable payment gateway for cryptocurrency is essential. Hardware wallets seamlessly integrate with these...
ForexLive European FX news wrap: USD/JPY cools as Japan intervention warnings grow
Headlines:Markets:JPY leads, CHF lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields down 1 bps to 4.223%Gold up 0.8% to $2,196.53WTI Crude down 0.6% to $81.13Bitcoin up 0.4% to $70,087The main focus on the session was the Japanese...
US MBA mortgage applications w.e. 22 March -0.7% vs -1.6% 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,...
Plus500 Launches an Upgraded Trading Academy for New and Experienced Traders
Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, announced the launch of its upgraded Trading Academy. With a host of new features and resources, the Plus500 Trading Academy serves as a one-stop shop for traders to...
Japan top currency diplomat Kanda: Recent yen moves are not reflecting fundamentals
Speculative moves are behind recent yen movementDoes not consider a 4% move in a span of 2 weeks as being a "mild" moveClosely watching FX moves with a high sense of urgencyWill not rule out any steps to respond to "disorderly" FX movesIt was evident that the barrage...