Stock heatmap by FinViz.com Tue, 15 Oct 2024 13:46:11 GMTSector OverviewToday's stock market heatmap reveals a dynamic landscape with distinct sector performances. The technology sector is showing promising strength, driven by gains in software and infrastructure...
US stock futures flat ahead of the open
SPX dailyCan the bulls do it again?S&P 500 futures are up 4 points today despite the rout in China. There is some help from lower bond yields and the 4% decline in oil prices but overall resilience in equities has been remarkable. For the past week, we've seen a...
Bank of Canada: The case for a 50 basis point rate cut firms up after a drop in CPI
A surprise drop in Canadian inflation to just 1.6% y/y has reignited bets that the Bank of Canada will lower rates by 50 basis points later this month. Canadian September CPI was expected to fall to 1.8% from 2.0% but tumbled further below the central bank's...
September Empire Fed -11.9 vs +3.85 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,...
Canada September CPI 1.6% vs 1.8% 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,...
The Canadian dollar is in shambles ahead of today’s CPI: Ten straight days of losses
The Canadian dollar has fallen for ten straight days ahead of today's CPI report. Yesterday was a holiday in Canada so Toronto is just filing in and we get some top-tier data with Canadian CPI (and the Empire Fed) due at the bottom of the hour.The inflation report...
China’s housing ministry, MOF and PBoC are to hold a briefing on Thursday
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: UK jobs data beats
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,...
NZDUSD Technical Analysis – The bearish momentum stalled
Fundamental OverviewThe bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with...
USDCAD Technical Analysis – Focus on the Canadian CPI today
Fundamental OverviewThe bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with...
Equities keep more tentative so far in the new day
Here's a snapshot of things at the moment:S&P 500 futures flatNasdaq futures -0.1%Dow futures +0.2%Eurostoxx -0.4%Germany DAX +0.2%France CAC 40 -0.7%UK FTSE -0.4%In Europe, the overall mood is more mixed with only the DAX looking to push up. The German index...
Dow Jones Futures: Sell off might be imminent
The Dow Jones Futures have been trading within a well-established upward price channel since October 2022, with clear instances of both resistance and support interactions within the channel.Key Highlights of the Dow Jones futures chart below:Price Channel...
Eurozone August industrial production +1.8% vs +1.7% 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,...
Germany October ZEW survey current conditions -86.9 vs -84.5 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,...
USD/JPY wrestles with near-term support after nearing 150.00 yesterday
USD/JPY hourly chartThe dollar is trading more mixed on the day, keeping steadier against the rest of the major currencies bloc but down against the yen. I would say there's not too much in that as the USD/JPY retreat looks more like a fall after having nearly clipped...
USDCHF Technical Analysis – The bullish momentum in the USD is waning
Fundamental OverviewThe bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with...
Must-Know Information for Investors: How Election Results Affect Markets
Elections can significantly impact the financial market due to the uncertainty it brings from each candidate's views on specific policy issues, which can cause the market to become volatile.The results of an election, combined with the winners' policy changes in...
IEA cuts 2024 oil demand growth forecast amid China drag
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,...
China economy set to miss growth target in 2024 – poll
China Q3 GDP seen at +1.0% q/qChina Q3 GDP seen at +4.5% y/yChina 2024 GDP growth seen at 4.8% (previously 5.0% in July poll)China 2025 GDP growth seen at 4.5%Economists are pointing to weaker consumption activity as the main drag. And even with improvements set to...
USDJPY Technical Analysis – The USD needs more fuel to keep the momentum going
Fundamental OverviewThe bullish momentum in the USDJPY pair seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with...