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 light US economic calendar will continue on Wednesday
If it feels quiet, that's because the Fed is in the blackout window ahead of the March 20 FOMC decision. That's shaping up to be an important one, not because of a potential rate move, but because the new dot plot could show less than 75 basis points in easing.Until...
USDJPY & EURJPY: Ech of the JPY pairs are trading above and below key MA targets.
Both the USDJPY and the EURJPY are moving higher. The run to the upside in each was started in the Asian session after comments from Japanese finance minister Suzuki and later by BOJs Ueda. Technically, the price of each moved up to a moving average technical target...
US dollar softens as the Nasdaq stretches gain to 1.4%
It's a feeding frenzy in the Nasdaq today despite a worrisome US inflation report and rising Treasury yields. All the elements are in place for equity market selling but we're getting the opposite. Chipmakers and some other high-flying stocks are leading the way...
US broader indices move back toward session highs. S&P on pace for a record close.
The major US indices are pushing back toward at session highs. The S&P is up about 53.5 points or 1.05% at 5171.51. The high price for the day is at 5174.04. The NASDAQ index is up 221 points or 1.39% at 16241. It's high price reached 16252.78.The S&P index is...
주유소에서 나도 모르게 결제된 ‘이돈’ 찾아가세요!
https://www.youtube.com/watch?v=T5aaZ-86ygo 셀프주유소에서 카드로 결제하시는 분들이라면 넣지도 않은 주유비가 결제되는 일이 없도록 조심하셔야 할 것 같습니다. #셀프주유소 #환급 #초과결제 #결제오류 MoneyMaker FX EA Trading...
US February federal budget deficit -296.0B vs -299.0B expected
Deficits and spending all work in cycles. There was something of a blow-off top in spending during the pandemic and now the cycle is slowly turning. I wouldn't count on politicians rushing towards austerity but it will come slowly, then quickly as the bills mount. The...
US EIA now sees stronger oil production growth in 2024
Everyone in the oil market wants discipline in US shale but at $78/barrel there is still plenty of money to be made that is keeping the taps running.The EIA now sees US crude production up 260k bpd in 2024 compared to a rise of 170k bpd in the previous forecast. That...
US treasury sells $39 billion of 10 year note at a high yield of 4.166%
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 Dollar Forecast: Hot US Inflation Data Drives USD/JPY Higher. What Now?
USD/JPY FORECASTUSD/JPY rallies on Tuesday after a poor performance over the past few trading sessionsHotter-than-expected U.S. consumer price index data reinforces the U.S. dollar’s reboundFor greater clarity on the inflation outlook, traders should watch the...
European indices close higher. German DAX and France CAC at record levels
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,...
BOEs Bailey: Question of policy restrictiveness is now key
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 sell $39 billion of 10 year notes at 1 PM ET
The U.S. Treasury will sell $30 billion of 10-year notes at 1 PM ET. Yesterday, the sale of 3-year year notes was a success with the high-yield coming in below the WI level at the time of the auction (a negative tail). Moreover, the treasury will complete the coupon...
ECBs Buch: Underlining vulnerabilities may not have been exposed
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,...
Putin says he supports OPEC+ production curbs but notes argument about market share
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,...
AUDUSD sellers making the “best” play for control technically with work to do.
The AUDUSD can get a boost higher on risk on flows from higher stocks, and it can be sold on the back of higher rates (higher USD). Today, we are seeing higher US stocks and higher rates which has helped to cause volatility in the AUDUSD pair today. Having said that,...
S&P, NASDAQ spike to new highs: A technical market update
The broader US stock indices are moving to new session highs with the S&P trading up 1%. The NASDAQ and is up 1.25%.Looking at the hourly chart of the S&P index above, last week the low price based against swing lows from February 27 to February 29 near...
OPEC sticks to forecast for strong demand growth this year
Oil prices have rebounded from earlier losses and are trading up $0.54 to $78.46. Crude had traded as low as $77.34 in the aftermath of the CPI report but everything is bid in the past hour.Helping oil along was the latest OPEC report. There was speculation they would...
US equities soar as the AI trade resumes
There is no fear of another round of Fed hikes in the stock market.Rather than fretting about higher rates, the market appears to be cheering on an economy strong enough to withstand higher prices (and better margins). It's AI once again leading the way in perhaps a...
USDCAD moves higher but runs into moving average resistance targets
The USDCAD extended higher today helped by the US CPI, but the price action reached out for its 100 bar moving average on the 4-hour chart at 1.35199, and its 100-day moving average at 1.3537. Also in that area is the 50% midpoint of the move down from the November...