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...
BofA: Here is what we expect from this week’s FOMC meeting
BofA forecasts that the upcoming March FOMC meeting will present an updated outlook showcasing stronger economic growth and persistent inflation, while unemployment rates stay near historic lows. Despite these adjustments, the expectation is for the Fed to hint at a...
USDCHF bounces off swing area support target and rotates to a new session high
Sellers in the USDCHF tried to extend it to the downside in the early New York session, but were thwarted by swing area support between 0.88187 and 0.88251. The low price reached 0.88205 before bouncing back to the upside. That move higher has now taken out the prior...
Google is a serious leader in gen AI. Apple agrees with this new strategic collaboration.
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 March NAHB housing market index 51 vs 48 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,...
Morgan Stanley sees $90 brent coming
There are some smiles in OPEC countries today as oil climbs another $0.60 and consolidates the recent break to the highs of the year.Analysts at Morgan Stanley see the upside momentum continuing. They've bumped up their assumptions for Q3 by $10 to $90 barrel for...
US stocks are moving higher with the Nasdaq index leading the charge
As the trading week get started, the broader indices are leading the way. The NASDAQ index is up 1.5%. The S&P index is up close to 1.0%.A snapshot of the market seven minutes into the open is showing:Dow Industrial Average 96.25 points or 0.25% at 38813S&P...
Kickstart the FX day for March 18 with a technical look at the EURUSD, USDJPY and GBPUSD.
The major pairs in the forex market - the EURUSD, USDJPY and GBPUSD - are off to a slow start with limited and up and down price action. Nevertheless, the major technical levels are still in play that traders will be looking toward for bias and directional clues. In...
Treasury yields continue to press towards the highs of the year
Treasury yields are at the highs of the day as the market focuses on the Bank of Japan decision later and the FOMC decision on Wednesday.The market is anxious that the BOJ slowing its pace of bond buying will put upward pressure on global yields. US 10 year yields...
Canada February PPI +0.7% m/m vs +0.1% 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,...