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 SEC is unlikely to approve spot ETH ETFs in May – price to rise regardless
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,...
Goldman Sachs on 2024: expects earnings, equities to rise, inflation & rates to fall
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,...
Oil – private survey of inventory shows a draw vs. the build that was 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,...
Forexlive Americas FX news wrap: Softer PMI weighs on US dollar
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 US stock indices closed higher for the second consecutive day this week
The major US stock indices have risen for the second consecutive day this week. The move to the upside was encouraged by the lower rates as S&P global PMI data was weaker than expectations lowering fears about a tighter or less accommodative Fed. The NASDAQ index...
Economic calendar in Asia Wednesday, 24 April 2024 – Australian inflation data
New Zealand trade data kicks off the agenda, with Japanese services PPI to follow and then Australian CPI data for both the March month and Q1.Eyes will be mainly on the quarterly inflation data, which is expected to rise from 0.6% q/q in Q4 2023 to 0.8% q/q for Q1 of...
Trade ideas thread – Wednesday, 24 April, 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,...
USDCAD stretches to a key support target defined by a cluster of technical levels
The USDCAD has followed the USD lower and in the process is now stretching to a key cluster of support defined by:A swing area between 1.3654 and 1.3668204 moving average on the four hour chart at 1.366550% midpoint of the April trading range at 1.36612That cluster...
Oil climbs to $1.46 to settle at $83.36
Oil has passed its first test of $80.WTI trade as low as $80.88 earlier but reversed to settle near the highs of the day at $83.34. It was helped along by improving risk appetite, a softer US dollar and the threat of more sanctions on Iran.oil dailyPrivate oil...
USDJPY increases the 100 hour MA as a key downside support target
The USDJPY has two key level in play. ON the topside the 155.00 level is being touted at a level that the BOJ does not want to see the USDJPY move above. It may just be the "market" speaking, but there is chatter that the central bank also does not want the pair...
S&P 500 stretches to a fresh session high, up 1.25%
Imagine what will happen if/when we get a weak non-farm payrolls or CPI report?Today's weaker US PMI from S&P Global was a taste of what's to come when the data eventually softens, whenever that might be. The 50.9 reading in the services PMI compared to 52.0...
The three major pillars keeping the dollar strong unlikely to change – Deutsche Bank
Deutsche Bank has been bullish on the US dollar since the start of the year and sees no reason to pivot in light of three driving factors of US outperformance.1) US fiscal deficitsThe US passed a budget deficit of 5-6% of GDP for the fifth year in a row and DB now...
US sells 2-year notes at 4.898% vs 4.904% WI
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 $69 billion of two-year notes at the top of the hour
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 has a cap near the 38.2% retracement, but buyers are pushing.
The EURUSD of higher after the weaker US data today and in the process tested the 30.2% retracement of the April trading range. That level comes in at 1.0709. The high price reached 1.07107 just above the retracement level before rotating modestly to the downside.What...
JPMorgan CEO Dimon: There is a chance stagflation could happen again
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 broader indices up over 1%. S&P up 1.01%. NASDAQ index up 1.43%
There are a slew of earnings scheduled to be released this week, including Alphabet, Meta Platforms, Tesla, Intel. Below is a list of the major earnings on the schedule:Key earnings this week:Tuesday: After the close :Tesla, Visa, Texas InstrumentsWednesday: Boeing,...
European stocks end the day on the highs
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 extends to the upside on the back of a lower dollar today
The NZDUSD has moved higher today on the back of weaker US data (lower USD), low yields, and risk-on sentiment from rising stocks. Technically, the price has been able to move above a swing area between 0.5933 and 0.59415 and the 38.2% retracement of the April 2024...