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,...
Australia weekly consumer confidence 82.2 (prior 81.0)
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 Inflation Preview: What’s Ahead for Gold Prices, the US Dollar and Stocks?
US CPI PREVIEW – GOLD, US DOLLAR, STOCKSThe February’s U.S. inflation report will steal the spotlight on Tuesday morningAny deviation of the official data from market expectations could trigger volatilityThis article discusses possible scenarios for gold, the U.S....
JP Morgan CEO Dimon says he sees a little bit of a bubble in US equity market right now
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,...
New Zealand electronic card retail sales data for February -1.8% m/m (prior +1.7%)
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,...
AUD traders heads up – RBA’s Assistant Governor (Economics) Hunter speaking soon
Reserve Bank of Australia Assistant Governor (Economics) Sarah Hunter will be speaking on a panel at the AFR Business Summit.9.30 Sydney time is 2230 GMT and 1830 US Eastern timeThe Reserve Bank of Australia is working to drag the inflation rate down while not...
JP Morgan says chill out, the Magnificent Seven stocks aren’t too expensive
JPMorgan analysts are out with a note saying the "Magnificent Seven" tech stocks are not so expensive.They note the 7 stocks are cheaper in comparison to the broad equity market than they were 5 years ago, citing earnings data“There is a concern over the very strong...
Forexlive Americas FX news wrap 11 Mar. Quiet start to the trading week ahead of CPI data.
The forex market was quiet ahead of the US CPI data which will be released tomorrow at 8:30 AM ET. The JPY is ending the day as the strongest of the major currencies. The GBP is the strongest. Looking at the GBPUSD, it fell in the NY afternoon session and in the...
UBS forecast gold to $2250, but wait for pullbacks to buy
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 broader indices lower ahead of the US CPI data tomorrow
US broader US stock indices are starting the week with declines. The Dow 30, however, is eking out a modest again. The small-cap Russell 2000 index is also lower and was the worst performer of the top 4 indices. A snapshot of the closing levels is showing:Dow...
EURGBP bounces near floor support today. Is a bottom in place?
In this video, I take a technical look at the EURGBP which has been trading in a 275 pip range going back 10 or so trading months. More recently, the low of that range between 0.8492 and 0.8522 has been tested. Today the price bounced back above that lower range which...
Economic calendar Asia Tuesday, 12 March 2024 – Japan PPI, Australian business confidence
The data ahead is not likely to move major FX too much upon release. JPY should see some movement on the session with all the speculation, and headlines, swirling about the upcoming Bank of Japan meeting (March 18 and 19) and the potential for a policy move....
Trade ideas thread – Tuesday, 12 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,...
Oil tries the top and bottom side but finishes unchanged
Oil touched the lowest levels of March today but bounced back and was solidly higher mid-way through US trading before fading to finish nearly unchanged at $77.93.WTI crude has been flirting with $80 for two weeks but hasn't been able to break though, despite some...
BOE’s Mann: Our forecast on service inflation looks aggressive
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,...
EURUSD: Seller extend the range but not by much
The EURUSD sellers have extended the range to the downside, but after extending below support near the 50% midpoint of the move down from the December hide to the February low at 1.09165, sellers did not keep the momentum going and the price modestly bounced back...
Preview: Tuesday’s US CPI report will be full of pitfalls
AI imageIt's all about inflation for the Federal Reserve and that means Tuesday's US consumer price index report will be pivotal.Fed Chairman Jerome Powell teed it up best in his testimony last week when he said:He wants to see 'some good inflation readings'He is not...
US sells 3-year notes at 4.256% vs 4.269% WI
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,...
Russell 2000 technical analysis, bears may wake up here
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,...
Major European indices close Monday with mixed results
European major indices are closing Monday with mixed results. German DAX France CAC, and Italy's FTSE MIB close lower, but UK, and Spain indices rise on the day. The final numbers are showing:German DAX, -0.38% at 17746.26France CAC, -0.10% at 8019. 74UK FTSE 100,...