The USD is higher in trading today as the Trump trade continues. HIgher USD. Higher stocks. Bonds we don't know as the bond market is closed for Veterans Day today. Gold is lower but bitcoin in higher. In this video, I take a look at the EURUSD, USDJPY and GBPUSD from...
Nasdaq touches a record at the open then gives it back as Nvidia slides
Nasdaq dailyUS stock markets opened strongly to the upside, led by a 1.1% rally in the Russell 2000, but there are signs of fatigue setting in. The Nasdaq opened higher but is now down 0.1% as shares of Nvidia fall 1.4%.It's been a one-way market since the election...
USD/CAD is once-again threatening a four-year high
USD/CAD dailyUSD/CAD trading could be sapped today by holidays but the pair remains dangerously close to a major break. The 35 pip rise today brings the pair to 1.3941 and within striking distance of the 2022 high of 1.3977.It's chopped around these levels since late...
Gold spills through last week’s lows in $40 decline
Gold and bitcoin have been rallying together all year but they're headed in different directions today. Bitcoin jumped on the weekend and hit a record $82,500 today but gold is backing off, down $42 to a session low of $2641.Some stops were hit in the past few minutes...
Bond won’t be spoiling the party in US trading today
It's Veterans Day in the US and Remembrance Day in Canada.It's one of those holidays that's not quite a holiday as stock markets will trade normally but the bond market is closed. It's also one of those holidays where government offices are closed, which means there...
What technical level are in play to start the US session in the major currency pairs
The USD is higher and so is Bitcoin (up to $82500 high) as traders continue to price in the Trump presidency. The hope is lower regulation, lower corporate taxes, tariffs making US goods more competitive without spurring inflation too much are some of the themes. The...
ForexLive European FX news wrap: Dollar gains as Trump trades continue
Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.4%Gold down 0.8% to $2,661.46WTI crude down 1.8% to $69.09Bitcoin up 2.5% to $82,415It may be a partial market holiday in the US but the dollar is looking to keep its...
Gold pullback might prove to be timely for dip buyers
Gold is down another 0.7% today as a firmer dollar and higher yields since the election looks to be weighing. Alternative flows into Trump trades such as Bitcoin and stocks are also arguably in play, with gold not quite favoured as much in that sense. But how are...
Copper Technical Analysis – The sentiment remains cautious
Fundamental OverviewThe price action in copper remains choppy as the market continues to question Chinese economic growth and stimulus. On the other hand, we have also Trump’s victory and fears of a trade war. Copper has been tightly correlated to the Chinese stock...
Is Amazon stock a buy or sell?
Sell Amazon soon if it climbs to $217: Key levels and strategies for medium-term investorsHello, Itai Levitan here at ForexLive.com 👋, examining why Amazon stock could be a sell around $217. Currently priced just under $209, Amazon might see some upward momentum, but...
PBOC governor will maintain yuan exchange rate at a reasonable, balanced level
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,...
Crude Oil Technical Analysis – The bulls need to break this key resistance
Fundamental OverviewCrude oil continues to display a rangebound price action as it struggles to break above the key 72.00 resistance. The Trump’s victory might be seen as bearish in the short term for fear of the tariffs and a potential slowdown in global growth as...
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SNB total sight deposits w.e. 8 November CHF 463.5 bn vs CHF 456.6 bn 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,...
China October M2 money supply +7.5% vs +6.9% y/y expected
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,...
European indices hold firmer at the open today
Eurostoxx +0.7%Germany DAX +0.9%France CAC 40 +0.8%UK FTSE +0.6%Spain IBEX +0.7%Italy FTSE MIB +0.9%US futures are also keeping a slightly more optimistic mood for now, continuing the momentum from last week. So, I guess that's helping. But from a structural...
Gold Technical Analysis – The Fed might be forced to pause earlier than expected
Fundamental OverviewGold eventually dropped by almost a hundred dollars following Trump’s victory and the red sweep as the market scaled back some more the expected rate cuts in 2025.In fact, right now the market sees basically just two rate cuts in 2025 compared to...
Dollar stays poised to start the new week
The dollar is trading just a little higher to start the day, seeing slight gains against the euro, pound and franc now. USD/JPY had already been higher since Asia trading here, and is keeping those gains. The pair is up 0.7% to 153.65 currently. Meanwhile, EUR/USD is...
Market Outlook for the Week of 11 – 15 November
Monday’s economic calendar is light due to a bank holiday in the U.S. for Veterans Day and in Canada for Remembrance Day. On Tuesday, the U.K. will release several key labor market indicators, including the claimant count change, average earnings index m/m and the...
Japan parliament votes to keep Ishiba as prime minister
From earlier: Japan Prime Minister Ishiba faces leadership vote in parliament todayThis comes after the election results last month, which saw Ishiba's Liberal Democratic Party lose its majority alongside coalition partner Komeito.Ishiba's re-election is more or less...