Coming up from the Bank of Japan today is their expected decision to exit negative interest rate policy, after eight years. There is no set time for the statement, there never is, but past experience shows to expect it sometime in the 0230 to 0330 GMT time window.This...
US equities stumble late but still post a strong 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,...
Economic calendar in Asia Tuesday, 19 March 2024 – BOJ and RBA 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,...
Trade ideas thread – Tuesday, 19 March, 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,...
Immigration is explaining parts of the economy that were tough to make sense of
I've been thinking all day about the Goldman Sachs note on immigration in the US and what it means for monetary policy this year. It explains why jobs growth has been so resilient when the underlying economy has slowed.You can't sum it up any better than GS did.We...
Goldman Sachs: Analyzing the March FOMC meeting’s impact on USD
As the Federal Reserve prepares for its March FOMC meeting, Goldman Sachs forecasts that the committee is likely to maintain its cautious stance, with expectations for a rate cut postponed to June. This projection comes despite numerous changes since the last meeting,...
Bitcoin corrects higher and finds willing sellers against a key hourly moving average.
The price of bitcoin as a a lot of up-and-down action today. However, a pattern that arising is sellers leaning against or near its falling 100-hour moving average. The moving average currently comes in at $68,142 and is now a key bias-defining level for the digital...
White House: Deal for Gaza ceasefire has been more elusive than US hoped
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 dot plot is overrated but even the minute details will matter this time
In December, the Fed released a dot plot that showed 75 basis points is rate cuts in 2024. At the time, that seemed hawkish relative to the 150 bps the market was pricing in.Now it's the opposite. Markets are priced for 69 bps and when you take out roughly 15 bps in...
Housing affordability has cut into Canadian purchasing power in a big way – RBC
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 gives up gains ahead of today’s event
Jensen HuangShares of NVDA rose as high as $924 at the open today on enthusiasm for an Nvidia keynote from CEO Jensen Huang at its conference today. However those gains didn't last and shares are now trading flat on the day.NVDA dailyThe price action shows that it...
ECBs Centeno says cutting rate may help prevent a recession
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,...
BOJ to end yield curve control and ETF purchases — Nikkei
The Bank of Japan is poised to decide to end its yield curve control and purchases of risk assets as well as call time on negative interest rates Tuesday, Nikkei reports.This will come along with ending negative rates, something that Nikkei reported on Friday.A...
USDCHF surges past month average range. Buyers taking more control.
USDCHF is moving higher and looks toward the Feb highsThe USDCHF currency pair has seen a notable increase in activity, registering a 49 pip extension in its trading range today. This movement pushes it 3 pips beyond the 22-day average trading range, which equates to...
New low for the day for the EURUSD
EURUSD looks toward the 38.2% retracementNot making a mountain out of a molehill, but the EURUSD is trading to a new session low. The price just ticked to 1.0876. The trading range for the day is still only 29 pips versus 49 pips average over the last month of...
DJI technical analysis – bulls are find as long as they are above 38800
Hello, this is Itai Levitan providing a technical analysis for ForexLive.com on the DJI (Dow Jones Industrial Average) index. We are currently observing an interesting situation where bulls and bears are contesting. From the opening gap, it appears the bulls have a...
Powell will be Fed chair until May 15, 2026. Then what?
Federal Reserve Chairman Jerome Powell has a big job to do this week. I suspect we will see the dot plot shift to 50 bps from 75 bps in cuts but he will maintain the same rhetoric as he has for the past couple months, leaving June in play if inflation slips or growth...
NZDUSD tilts to the downside and in the process retests its key 200 day MA
The NZDUSD fell last week but going into Friday, support held against its 200-day moving average near 0.60794 where buyers came in against that level. In the Asian session today, the price moved higher. However, that move to the upside was limited with the natural...
AUDUSD sellers push toward lows for the day and the key 200-day MA
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,...
Trump’s lawyers say he’s been unable to obtain an appeal bond for $464m judgement
AI imageIn New York law, losers in civil cases need to post the judgement against them before they can appeal. It will be interesting to see if he can convince the judge to lower it or postpone it as his lawyers claim he's facing "insurmountable difficulties" in...