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 is now the world’s most-valuable company
Jensen HuangWould you believe it, the plucky chipmaker that doesn't even make its own chips is now the world's most-valuable company.Shares are up another 3.3% today and have been on a non-stop run since the release of ChatGPT. However it becoming more valuable than...
US treasury auctions off 20 year bonds at a high-yield of 4.452%
High yield: 4.452%WI level at the time of the auction: 4.480%Tail -2.8 basis points vs six month average of 0.1 basis pointsBid to cover: 2.74X versus a six month average of 2.6XDirects 16.35% vs six-month average of 18.9%Indirects 77.89% versus six-month average of...
Fed’s Kugler: Policy has more work to do, judgement will be guided by data
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 treasury to auction off $13 billion of 20 year bonds at the top of the hour
The U.S. Treasury will auction off $13 billion of 20 year bonds at 1 PM ET. The six-month averages of the major components will be compared to the actual results to determine success or failure of the auction:Tail (the difference between the WI level at the time of...
Gold Price Update: Negative Divergence Hints at Lower Prices, NFP Marked Recent Bottom
Gold (XAU/USD) News and AnalysisGlobal central banks indicated a continued willingness to increase gold holdingsGold remains within a downtrend since declining from the all-time-high, the shorter-term rise looks to be containedThe analysis in this article makes use of...
ECBs Villeroy: We owe our citizens respect. That means not running big deficit
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,...
Atlanta Fed GDPNow for 2Q growth 3.1% unchanged from the last estimate.
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 Collins cautions against over-reacting to recent inflation data
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,...
European equity close: The rebound extends to a second day
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 rotates back above the 100/200 bar MA on the 4-hour chart. Shifts bias to buyers.
The AUDUSD has been fluctuating mostly between 0.6575 and 0.66896 over the past 6-7 weeks. This prolonged period of oscillation has led to the near convergence of the 100 and 200 bar moving averages on the 4-hour chart, which are now positioned between 0.66318 and...
New Zealand GDT price index -0.5%
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 dollar rebounds on fixing demand
The US dollar has made a nice comeback today, despite the softer retail sales data. The latest round of bids came ahead of the London fix, so that could have been a driver, especially with a US holiday tomorrow.That said, the bids came early for a fixing trade and the...
USDCAD trades higher and lower and is moving toward MA targets on 4-hour chart
The USDCAD has exhibited fluctuating trading patterns this week, continuing a trend seen since April. Since then, the pair has mostly oscillated between 1.3600 and 1.3800, with frequent ups and downs. This week mirrors that pattern, with the price moving lower today...
Fed’s Barkin: We are clearly on the back side of inflation
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 April business inventories +0.3% vs +0.3% 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,...
USDCHF sellers making a break for it. Falls below & away from 200D MA/38.2% retracement
The USDCHF is "making a break for it" in trading today. More specifically, the market is breaking below and away from its 200 day moving out at 0.8896. It is also breaking below and away from it 38.2% retracement of the move up from the December low May high. That...
US dollar slides further ahead of a full slate of Fed speakers
AI imageThe US dollar is at the lows of the day as the selling accelerates following a softer retail sales report.I want to highlight what the bond market is now saying about inflation, with 5-year breakevens now at 2.16%.That is despite oil prices trading at a...
US stocks marginally higher to a start the trading day
After mixed data with weaker retail sales and a stronger industrial production/capacity utilization, the US major indices are opening marginally higher. Yesterday both the S&P and NASDAQ index closed at record levels.A snapshot of market six minutes into the open...
US May industrial production +0.9% vs +0.3% 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,...