US equities are under some mild selling pressure at the moment as the S&P 500 erased a small gain and is now down 10 points to 6104. A test of the 6100 barrier held and this looks like moderate back-and-fill price action.Zooming out, the daily chart shows...
BofA: EUR/USD to decline near-term but will rally to 1.10 by year-end
BofA maintains a EUR/USD outlook of short-term weakness but a medium-term recovery. They do not expect parity, but the pair could drift lower before rallying to 1.10 by year-end—well above consensus. With EUR/USD already at their mid-year forecast of 1.05 ahead of...
EURUSD stretching lower. Below 100 hour MA. Tests swing area aupport.
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USDCHF buyers are making a short term play after bouncing off support level on Fri./Monday
USDCHF buyers defended key support near 0.8965 - 0.8974 last week, leading to a price stall and a subsequent rebound. Monday’s low also held near this area before a modest upside move, reinforcing its significance as a key support zone.Today, the pair broke above a...
Fed’s Barr to speak at the top of hour but on AI in the economy and financial stability
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NBC: Putin is not interested in a peace deal
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Toyota is supporting LG battery plant with $1.5 billion order
Trump has announced that reciprocal tariffs will be going into effect in April, and my guess is that it will lead to countries looking to gain favor or reduce trade deficits.Toyota is supporting a US LG battery plant with a $1.5 billion order according to Bloomberg....
European shares close mostly higher on the day. German DAX closes and a record level
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AUDUSD has up and down day as the market digests the first rate cut by RBA in 4 years
The RBA cut rates by 25 basis points today to 4.10% from 4.35%, after 10 consecutive meetings of unchanged policy and four years since the last rate cut. IN post-decision comments,RBA Governor Michelle Bowman: Emphasized that while high interest rates have been...
More from Fed’s Daly: California fires unlikely to affect national GDP
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SF Fed Pres. Daly: US economy is in a good place
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China’s finance minister Wang: Support all efforts conducive to peace talks in Ukraine
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Fed Daly does not comment on monetary policy or the economy in her prepared remarks
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Major US indices now lower on the day after giving up early gains
The major US stock indices are trading back into negative territory after giving up earlier gains. The S&P index traded above its record high closing level at 6118.71 reaching a high of 6125.39, but has since rotated and currently trades down -1 point or -0.02% at...
US NAHB housing market index for February 42 versus 47 estimate
Prior month 47NAHB housing market index 42 versus 47 estimate Current single-family home sales 46 versus 50 in January (revised from 51)Index of prospective buyers 29 versus revised 32 in January (was previously 33)Sales expectations in the next six months plunged -13...
Nvidia surges: Healthcare sector struggles in mixed market
Stock heatmap by FinViz.com Tue, 18 Feb 2025 14:46:01 GMTNvidia surges: Healthcare sector struggles in mixed marketThe stock market presented a mixed bag today, highlighting remarkable gains in the semiconductor space led by Nvidia, while the healthcare sector faces...
Geopolitics: Zelenskiy says negotiations should not have been behind our backs
Not surprising, Ukraine's president Zelenskiy is saying:Negotiations with Russia should not happen behind our backs.He also said:He had constructive talks with Turkish Pres ErdoganTurkey and Europe should be involved in discussions regarding ending the war.Cancels...
USDCAD finds sellers against the falling 100 hour MA keeping the sellers in control
The USDCAD broke lower last week, falling below the key support zone (1.4260 - 1.4466), signaling a shift in control to sellers. Earlier in the month, a price spike above this range on Canada tariff news was quickly reversed. Now, as long as the pair remains below...
ECB’s Cipollone: Policy rates remain primary instrument for adjusting the monetary policy
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Russia’s Lavrov: Talks were useful. Have agreed to appoint envoy
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