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 Americas FX news wrap: USD/JPY falls back to 153
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,...
Economic calendar in Asia Friday, 3 May 2024
Lower-tier data releases only today, from Australia. ECB's Lane is up really soon, let's see what he has to say - a June rate cut seems to be the hot topic. This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are...
Trade ideas thread – Friday, 3 May, insightful charts, technical analysis, ideas
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 hits the intervention low as a wild day for the pair wraps up
USD/JPY 30 minsUSD/JPY is back down to the intervention lows.It's been a crazy day and week for this pair as it's traded in wide ranges and with huge swings due to intervention and dip buying.The market is acting like it's:1) Scared of more intervention2) Worried...
Australian dollar nears the highs of the week as risk trades continue to improve
AUD/USD 30 minsThe mood in markets continues to improve as traders digest yesterday's FOMC decision. The initial reaction was to sell the dollar and buy risk assets but it was swamped late yesterday by a curious round of selling. That pressure has slowly faded and now...
Preview: April non-farm payrolls by the numbers — the highest consensus since 2022
AI imageWhat's expected:Consensus estimate +243K (range +150 to +280K)Private +190K estimate vs +232K priorMarch +303KUnemployment rate consensus estimate: 3.8% vs 3.8% priorParticipation rate: 62.7% priorPrior underemployment U6 7.3%Avg hourly earnings y/y exp +4.0%...
S&P index trades near highs. Remains between 100 day MA below/50 day MA above
S&P index trades between 50 and 100 day MAsThe S&P index is trading higher and near session highs. The current price is up 36 points at 5054.25. The high for the day reached 5058.01. That puts the price near the middle between key day MAs. On the downside, is...
Bill Gross: Look for 10-year yields to rise above 5% over the next 12 months
US 10-year yieldsUS 10-year yields have reversed lower today after an earlier climb. That turn is weighing on the US dollar and boosting stocks.PIMCO co-founder Bill Gross doesn't believe it will last. The 80-year-old former Bond King released a rare investment...
EURGBP found support near swing floor area.
The EURGBP has been moving up and down for most of 2024. Last week, the buyers broke higher and in the price extended above the 200-day MA and the 50% of the move down from the December high near 0.8606 area. Momentum last week sent the price to 0.8643 before rotating...
Nasdaq shifts into high gear, up 1%
Nasdaq 5 minsThe Nasdaq has extended its gains to 1.1% today as it chews into the late-day drop from yesterday. Importantly, the earlier series of highs in the 15,750 range have given way. The index has been helped by chipmakers today after Qualcomm reported better...
USD/JPY specs don’t want to get involved ahead of non-farm payrolls
USD/JPY buyers did what was expected late yesterday after the Japanese Ministry of Finance ordered intervention to weaken the pair: They bought the dip.After falling to 153.00, the pair climbed all the way to 156.00 as dip buyers piled in. However the momentum stalled...
Atlanta Fed GDPNow estimate for Q2 growth remains unchanged at 3.2% (or is it 3.3%)
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,...
NASDAQ index can’t stay below it 100 day moving average
Nasdaq finds buyers near the 100 day MAThe major US stock indices are higher with the NASDAQ index leading the way with a gain of around 0.72%. Looking at the daily chart, the price today did dip back below its 100-day moving average at 15620.60. The low price reached...
Major European stock indices closing the day with mixed results
The major European stock indices are ending the day mixed. The German DAX and France CAC both moved lower.A snapshot of the closing levels shows:German DAX, -0.15%France CAC, -0.88%UK FTSE 100 under +0.63%Spain's Ibex, +0.19%Italy's FTSE MIB, unchangedEurostat 50...
AUDUSD traders looking for the next shove. The buyers have the tilt after sellers had shot
The AUDUSD is trading in an up-and-down confined range today. On the downside, a cluster of moving averages is holding support. On the upside, a swing area is stalling resistance.As a result, traders are looking for the next shove. Move above 0.6550 would be more...
USDCHF breaks lower today and down to a swing area low. Finds buyers.
The USDCHF got off to a weak start today after the price broke below the old ceiling in the pair between 0.9146 and 0.9156 (see red numbered circles on the chart below). Sellers came in and pushed the price for the way down toward a floor area that was defined over...
US factory orders for March 1.6% versus 1.6% 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,...
EURUSD falls below key moving averages and sees increased selling pressure.
EURUSD breaks lower and away from 100/200 hour MAsAdmittedly, the EURUSD is trading near the middle of what has been a range between 1.0550 and 1.0743. The range has been in effect for the last 6 or so trading days. When the market moves up and down, the moving...
More from Bank of Canada’s Macklem:Rates unlikely to go back down to pre-Covid levels
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,...