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 retracing most of the gains from core PCE rise
The USD moved higher on the back of the core PCE data within the US GDP report. However, those gains have nearly been erased. Although the yields are still higher, they are off their highest levels. US stocks have also erased some of their declines with the NASDAQ...
US encourage Europe & Asia alliesto tighten restrictions on chip related technology China
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,...
U.S. Treasury auctions off $44 billion of the seven year notes at a high yield of 4.716%
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,...
U.S. Treasury to auction off $44 billion of 7- year notes at the top of the hour
The U.S. Treasury will auction off $44 billion of seven-year notes at the top of the hour. The auction will conclude the coupon issuance for the week. The two and five year note options were middle-of-the-road. Yields are higher today after the higher inflation data...
GBPUSD ping-ponging between 38.2% and 50% of the April trading range
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,...
Major European indices close lower. US stocks lower. Yields are higher.
European indices are closing lower on the day:German DAX, -0.91%France CAC, -0.93%UK FTSE 100, +0.48%Spain's Ibex, -0.40%Italy's FTSE MIB, -0.97%European yields are also higher:German 10 year yield reached a high of 2.647%. That was the highest level going back to...
AUDUSD ups and downs as fundamental news keeps volatility high for the pair.
Earlier this week, Australian CPI for the quarter came in higher than expectations and that helped to push the AUDUSD pair to the upside. The price extended to the 200-day moving average and 200-bar moving average on the 4-hour chart near 0.6530 where sellers leaned....
Spot gold is now up over 1%, and in the process is extending back above its 100H MA
Gold prices move above its 100-day moving averageGold price is seeing a push to the upside with the price now up $28.44 or 1.23% at $2343.68. The high price just reached $2344.89 new high for the day.That move to the upside has now taken the price back above its 100...
Israel has increased airstrikes on the Rafah area
Israel has increased airstrikes on the Rafah area.The price of crude oil is still trading lower on a day at $82.20 that down around $-0.60 on the day..Earlier today, Hamas official Abu Zuhri said:Hamas will not be swayed by US pressure on issue of Gaza hostages.Firm...
Kinesis Mint Becomes the Official Partner for the House of Mandela
Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela.The Kinesis Mint will independently manufacture...
Goldman Sachs: The composition of the GDP report was not as soft as it looked
The fallout from today's first look at Q1 GDP continues to reverberate with the US dollar stronger and equities weaker because of hot inflation numbers.Goldman Sachs highlights that the composition of growth wasn't as soft as the headlines (+1.6% vs +2.4% exp)."The...
EURUSD moves lower and tests the 100 hour MA. Finds buyers.
The EURUSD fell after the higher than expected inflation data from the US GDP report. The fall took the price back below the 38.2% retracement 1.0709 and down to test its rising 100 hour moving average at 1.06786. Support buyers leaned against that moving average...
US pending home sales for March 3.4% versus 0.8% 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,...
US Treas Secretary Yellen: GDP data shows straight a consumer investment spending
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 trades to a new high but backs off again on the first test
The USDCHF has moved higher after an initial dip post weaker GDP growth. However, when traders noticed the price data, the price quickly reversed higher. In the process, the high price for the year from yesterday at 0.9152 was breached with a new high reaching...
US stocks open sharply lower on inflation/low growth concerns
Meta-announcer earnings after the close yesterday and warned about higher expenses due to AI buildout investment. Caterpillar revenues missed as well. IBM is also getting hit in premarket trading after they announced their earnings. So some earnings misses. pressured...
US yields move to new session highs. The 2 &10 year yields at highest level since November
US yields are moving to new session highs with the 2-year yield now back above 5.0% as traders price out rate cuts in 2024 even more. The 2-year yield is trading at its highest level since November 14, 2023. The high-yield in 2023 for the two-year note reached...
Kickstart the FX day for April 25 with a technical look at EURUSD, USDJPY and GBPUSD
Kickstart your Forex trading day with a technical look at the three major currency pairs - the EURUSD, USDJPY and GBPUSD. The US GDP data showed a bad mix with lower growth and higher inflation. That said stocks lower, yields higher, and the US dollar higher as well....
REPORT:BOJ to reportedly consider measures to reduce its government bond purchases
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,...