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,...
Bitcoin up, gold down … why is gold plummeting?
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: Bitcoin soars to $87,000, euro hits lowest since April
Markets:Bitcoin up 14% to record $87,200WTI crude down $2.21 to $68.17Bond market closed for holidayGold down $58 to $2625S&P 500 flatRussell 2000 +1.6%US and Canadian newsflow was extremely light on Monday in large part due to Veteran's Day and Remembrance Day...
S&P, Nasdaq and Dow close at new records. Russell 2000 closes just short of a new record
More records are reached today:Dow industrial average closes over 44,000 for the first time everS&P index closes above the 6000 level the first time everNASDAQ index closes at a new record level as wellFor the Russell 2000 it lasts record close was back on...
Economic calendar in Asia Tuesday, November 12, 2024
A light calendar ahead.With USD/JPY rising back towards 154 again be on the alert for 'intervention' type comments from Japanese authorities today. This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The...
Trade ideas thread – Tuesday, 12 November, 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,...
Goldman Sachs: 3 reasons why GBP set to continue outperforming on crosses
EURGBP weekly chartGoldman Sachs sees scope for continued GBP outperformance on the crosses, supported by a strong global risk environment, the BoE’s gradual rate-cut approach, and a favorable UK growth outlook relative to Europe. These factors, combined with...
Tuesday features a full slate of FOMC speakers
Fed officials didn't schedule any speeches today because of the Veteran's Day holiday, but rest assured, they're eager to hit the wires again. The next Fed decision is December 18 and the market has priced an 85% chance of a rate cut but beyond that, the market is far...
Crude oil settles at $68.04
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,...
Gold sellers keep selling, but approaching a key target
Gold has been trending higher for a while now as traders hopped on the risk/safety trade going into the US election. Also higher inflation fear may have conttibuted. Finally, technicals were a help.Looking at the daily chart below, apart from a day or two in February,...
Bitcoing breaks $85,000 to hit another record high
There are times when the fundamentals and technicals align, the past week has certainly been one of those moments in bitcoin.The election of a crypto-friendly Republican slate combined with the break of a long-term range has been rocket fuel for bitcoin and it's now...
Joe Biden was the most-bullish President for oil in history
Four years ago I wrote about: Why Joe Biden could be the most-bullish US President for oil in history.He was. Between his election and today, the price of crude nearly doubled. Shares of the XLE oil company ETF more than tripled.Of course, my case wasn't really about...
S&P 500 slips into negative territory
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 moves lower after testing ceiling area between 1.3945 and 1.3958
The USDCAD has backed backs off from ceiling area again. That area comes between 1.3945 and 1.3958. The subsequent move to the downside has the pair heading toward 200 and 100-hour MA support targets at 1.39054 and 1.3898 respectively (green and blue lines on the...
European traders head for the exits with solid gains in their pockets
The major European stock indices are closing with solid gains led by the Italy's FTSE MIB up 1.56%. Both the German DAX and France's CAC enjoyed gains of 1.2%.The final numbers are showing:German DAX +1.22%France's CAC, +1.2%UK's FTSE 100 +0.65%Spain's Ibex...
Gold futures is playing with fire with this key support 🧐
Gold futures warning: bull flag breakdown points to further downside risk for GC traders 📉Gold futures (GC) have recently broken out of a significant bull flag formation, and after a strong rally, prices have now pulled back, raising concerns among traders and...
USDCHF trades above and below the 50% midpoint of the move down from the May high
The USDCHF has moved higher in trading today and in the process moved above the swing highs from last week and swing area between 0.8772 to 0.8776. That area is now a close risk and bias-defining level. Staying above is more bullish. The move above that area today has...
Crude oil is down $-2.20 or -3.12% at $68.20. Lowest level since October 30
The price of crude oil is trading down $-2.20 or -3.12% at $68.20. That's the lowest level since October 30.The price reached a peak on Thursday at $72.84. That the price briefly above its 38.2% retracement of the move down from the July high at $72.59. However on...
Bitcoin reaches a fresh session high (and another one, and another one).
The price of bitcoin is trading to a new fresh session high and is above the $83,000 level. The price is currently trading at $83,050. That's up about $2625. The high price has reached $83,139.Looking at the hourly chart below, the price extends above a channel high...
A kickstart look at the EURUSD, USDJPY and GBPUSD from a technical perspective
The USD is higher in trading today as the Trump trade continues. HIgher USD. Higher stocks. Bonds we don't know as the bond market is closed for Veterans Day today. Gold is lower but bitcoin in higher. In this video, I take a look at the EURUSD, USDJPY and GBPUSD from...