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,...
Israeli PM Netanyahu: A date has been set for an invasion of Rafah
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,...
USDCAD backs off from key swing area today.
The USDCAD on Friday, moved higher after stronger US jobs report and weaker Canada jobs. The move higher took the pair above a key swing area between 1.36049 and 1.36269. The high price reached 1.36468, and rotated back to the downside, back into and through the swing...
WH: CIA Director Burns in Cairo and hostage negotiation presented to Hamas. Await response
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 major indices closing mostly higher
London/European traders are looking for the exits. The major indices closed higher with the exception of the Spain's Ibex which fell marginally:German DAX rose 0.77%France CAC rose 0.72%UK FTSE 100 did rose 0.41%Spain's Ibex fell -0.04%Italy's FTSE MIB rose 0.87%As...
AUDUSD moves above the 100 day MA as buyers make a play
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,...
BofA: Here is what we expect from Wednesday’s US March CPI print
US CPI yyBank of America forecasts a more moderate core CPI inflation for March, suggesting potential relief in inflationary pressures. Core CPI is expected to slightly decrease, influenced by a drop in core goods prices and lessened service price pressures, rounding...
NY Fed inflation expectations: Three-year inflation expectations 2.9% vs 2.7% 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,...
EURUSD and GBPUSD moves to new highs on the day. What next?
The USD moved to new lows vs the EUR and GBP (new highs for the EURUSD and GBPUSD) in US morning trading. THe EURUSD has moved to a new high and in the process has tested the 50% of the move down from the March high to the March low. However, sellers have leaned...
Goldman Sachs maintains short EUR/CAD position ahead of ECB meeting
EUR/CAD dailyGoldman Sachs holds a bearish outlook on EUR/CAD, targeting a move to 1.44, in anticipation of this week's ECB meeting. The firm argues that despite EUR/USD hovering around the 1.08 level for approximately two months due to counteracting market forces,...
USDCHF continues the ups and downs that has dominated the last two weeks of trading.
The USDCHF is higher on the day, and in the process has moved back above its 200-hour moving average 0.90416 and 0.90471. Those two moving averages are near the middle of what has been an up-and-down train rage over the last 9+ trading days (around two weeks). That...
US March employment trends 112.84 vs 112.29 prior
Prior was 112.29 (revised to 111.85)This is a composite of data that's already released so it's not a market mover.“The ETI increased slightly in March, signaling employment will continue to grow in Q2 of 2024,” said Will Baltrus, Associate Economist at The Conference...
Goldman Sachs raises Q1 GDP tracking estimate, sees 0.27% rise in core CPI this week
US Core CPI YoYIt's all about CPI this week as we count down to the Wednesday report.Goldman Sachs is out with its estimate and it's for +0.27% on core and +3.7% y/y. For headline, they see +0.29% and +3.37% y/y.That everyone is suddenly talking about the second...
US major indices are trading marginally higher to start the new trading 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,...
US stocks set for modest gains at the open, ignoring bonds
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,...
Kickstart the FX trading date for April 8 w/a technical look at EURUSD, USDJPY and GBPUSD
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,...
Yellen hectors China about doling out trade subsidies while announcing more for the US
US Treasury Secretary Janet Yellen travelled to China on the weekend to deliver a message that China must halt subsidies in industries like autos and green energy.Just after touching down from returning, the US announced $6.6 billion in grants for three TSMC chip...
It’s a light economic calendar today but a full astronomical calendar
Happy Monday everyone.The pre-market moves today are moderate but eyes are on bonds with yields continuing to move up. US 10s are up 8.4 bps to the best levels of the day and so far that hasn't led to big US dollar bids but it's creeping higher, led by USD/JPY.The...
ECB Still Heading for a June Cut
The conditions for a rate cut are improving as inflation continues to fall. Growth meanwhile has bottomed out, it seems, and this reduces the pressure for an immediate move. Against this backdrop, the European Central Bank (ECB) is expected to keep rates on hold this...
Currency views from UBS
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,...