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: The buyers were in control this week. What levels are key going into the new week?
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,...
Canada’s housing market is still at risk – RBC
On the surface, the comparisons between Australia and Canada are apt. Both are large, medium-population countries that are popular spots for immigration and capital flight. Both are particularly popular with Chinese investors.Not surprisingly, there have been housing...
Nasdaq sinks as Nvidia and other high flyers finally crack
Nvidia dailyThe doubling of Nvidia shares so far this year was one for the all-time market annals and it's top today was close to Apple as the world's second-most valuable company.However it's all come down as a wave of profit taking sends shares down more than 6%....
US Baker Hughes weekly oil rig count -2
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 York Fed Nowcast of Q1 GDP growth rises to 2.14% from 2.12% previously
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,...
What are the key technical levels for USDCHF as the week ends and look to next week?
It is Friday and although there is time before the close for the current trading week, it's time to look ahead to next week from a technical perspective.This week the USDCHF pair fell as dollar selling was more dominant. Technically, the run above the 200-day moving...
European stocks give some back late but wrap up another solid week
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,...
Broader US indices retrace gains and move into negative territory. NASDAQ down -0.50%
US stock indices are giving up their gains as profit-taking pushes shares lower. The NASDAQ index is now in a negative territory. Even Nvidia is now down -3.83%. The NASDAQ index was up 176.33 points at session highs. It is currently down -78 points or -0.48% at...
Weekly Market Recap (04-08 March)
Over the weekend we got the news that OPEC+ will extend the voluntary output cuts for another quarter. Saudi Arabia will extend its voluntary cut of 1 million bpd through the end of June as well with cuts to be reversed 'gradually', according to market conditions....
USD/JPY Sinks on Bets BoJ Will End Negative Rates Soon, US Inflation in Focus
Most Read: US Dollar Falls Further After US NFP Beat but January Number Revised Sharply LowerUSD/JPY extended losses and sank to its lowest level since early February on Friday, supported by speculations that the Fed may be closer to getting greater confidence that...
NZDUSD rises sharply but runs into resistance at the high for the year. What next?
The NZDUSD - like the AUDUSD - declined earlier in the week before finding a base and snapping back to the upside. In the process, the pair moved above some key technical levels including both the 200 and 100 day moving averages and the 200 and 100 bar moving averages...
Eyes on risk trades after the bitcoin reversal
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 had a strong week, w/the price reaching the 50% of range since Dec high. What next?
The AUDUSD has had a strong week to the upside helped by risk on flows and improving and shifting technical bias. One of the big moves was a break above both the 100 and 200-day moving averages near 0.6560, and then the 38.2% retracement of the move down from the...
Bitcoin rises to a fresh record high above $69,000
Bitcoin has broken through the all-time high set on Monday and is above $70,000.Bitcoin hit a record $69,200 on Monday then quickly fell to $58,500 but it steadied there and avoided making an outside day on the close. Since then the dip buyers have continued to weigh...
Are we really that worried about wage growth?
The ultimate nightmare for a central banker is a wage-price spiral so you can understand a focus on wages in general but officials need to understand it's a lagging indicator of inflation, perhaps the most lagging indicator.ECB officials droned on about wage inflation...
The FX market consolidates after non-farm payrolls, stocks jump
The US dollar has taken back a good portion of its non-farm payrolls drop as it levels out and broader markets consolidate.EURUSD 10 minsThe dollar has been reluctant to push the ranges on the day and it's similar in bonds. Yields initially fell on the data but then...
USDCAD is lower on the day after US/Canada jobs reports but off low support target.
Both the US and Canada jobs reports were released. The US showed stronger job growth in February, but prior months were lowered by -167K. The unemployment rate also rose to 3.9% and wage growth rose by 0.1% which was the lowest in about a year. In Canada, their...
ECB sources report: Policymakers ‘overwhelmingly’ favor June for first rate cut
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 stocks open mixed as traders digest the US employment data
The major indices are trading mixed with the S&P and NASDAQ indices higher and trading at new intraday highs. The Dow Industrial Average is trading above and below unchanged.A snapshot of the market currently shows:Dow Industrial Average is trading down -1.5...