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,...
European equity close: Late bids improve the picture
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,...
NZDUSD dips and finds support in key level amidst market volatility
Last week, the NZDUSD experienced a notable surge, successfully surpassing several key technical benchmarks. This rally included moving above various moving average targets, breaching a crucial swing area between 0.61487 and 0.61594, and even crossing the 50%...
ECB leaning aginst immediate change to Minimum Reserve Requirement
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,...
More talk of wage gains will add anticipation to the Bank of Japan decision
BoJ UedaJiji is all over the Bank of Japan this week. The yen strengthened to start the week after a report that the BOJ is considering scrapping yield curve control and replace it with a QE program while hiking rates to 0% as soon as March 19.The market is still...
AUDUSD dips as correction from recent highs persists with work to do.
Today, the AUDUSD pair is experiencing a slight decline, following a significant upward momentum last week. This surge led the pair to reach its highest level since January 15th on Friday. However, the gains from this strong run were not sustained, and the pair closed...
Markets Await Key Data Amidst Rate Cut Speculations
It was a quiet start to a busy week that includes key CPI and retail sales reports. The markets are increasingly confident the major central banks are making enough progress on their inflation goals that rate action is on the way. However, the timing and pace are...
NY Fed inflation expectations: Three-year inflation expectations 2.7% vs 2.4% prior
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,...
Latest economist poll sees first Fed cut in June
The market is 85% priced for a first Fed cut in June and economists are generally aligned with that.The latest poll from Reuters shows 72 of 108 professional economists forecasting the first cut at the June 12 meeting. However some hawkish biases are creeping in. 38...
Trump’s ‘enemy of the people’ remark cracks Meta’s bullish shining armor
Meta falls below 100 hour MA for first time since early Jan.In a CNBC interview this morning, former President Trump dubbed Meta "the enemy of the people," setting off a negative shift in the stock's performance. This comment has revealed a significant weakness in...
Euro falls to session low as US dollar firms
The euro is under pressure today after touching a two-month high on Friday.EUR/USD is down 18 pips to 1.0919 and near a session low. The selling comes in a broader US dollar rally that's being helped by poor risk appetite and a tick higher in Treasury yields.On...
The USDCAD is trading within swing levels in what is an up-and-down market for the pair.
The USDCAD is bouncing from Friday's lows. Those lows stalled just ahead of a lower swing area between 1.3398 and 1.3414. The subsequent rise off of that support swing area saw the price move higher and above its 200-day moving average at 1.3478 into the close on...
US February employment trends 112.29 vs 113.71 prior
Employment trendsThis is a low-tier composite indicator but it's the only thing on the economic calendar today.“The ETI decreased in February after two consecutive months of modest increases,” said Will Baltrus, Associate Economist at The Conference Board. “The ETI...
US stocks off to a negative start to the trading week.
The major US stock indices are getting off to a negative start to the week.Meta shares are particularly lower by -$17 or -3.36% after former Pres. Trump dissed the company in a exclusive interview on CNBC. The snapshot of the market 9-minutes into the open is...
High flying tech stocks under pressure. SMCI falls 7%
US tech stocks in general are under moderate pressure today, down 0.4% but some of the highest flyers are feeling some pressure. Shares of Nvidia are adown another 1.6% after completing a massive reversal on Friday.Eyes will remain on NVDA but another one that I'm...
Understanding Celer Network (CELR)
Celer Network is a leading layer-2 scaling platform that brings fast, secure, and low-cost blockchain applications to life. Built on Ethereum and compatible with multiple other blockchains, Celer enables off-chain transactions, effectively overcoming the scalability...