Nasdaq 100 (US Tech) AnalysisHistorically, March presents a tricky month for the Nasdaq in an election year but tends to witness impressive full year gainsNasdaq posts a slow start to the week ahead of economic dataMajor risk events in the week that lies ahead:...
EURUSD trades up to the 38.2%, and finds sellers
The EURUSD trades up to the 38.2% of the move down from the December high, and finds sellers. That level comes in at 1.0864. The high reached 1.0866 and backed off. The buyers made a play in the pair, but can they get the price above 38.2% and stay above to show they...
Atlanta Fed Pres. Bostic:Inflation on track to 2% inflation but too early to claim victory
Atlanta Fed Pres. Bostic speakingInflation on track to fully return to 2% inflation but too early to claim victoryExpect two quarter-point cuts this yearNeed to see more progress and gain confidence on disinflation before reducing rates.Strength in the economy and job...
European stocks close mixed in trading today
Major European indices are closing the session with mixed results. On Friday, the German DAX closed at a record level, but could not sustain the momentum in trading today. France's CAC continues to waffle up and down near all-time highs, but the highest price remains...
AUDUSD sellers are more in control below swing level and 100 bar MA on 4-hour chart.
The AUDUSD fell below a swing area near 0.6523 and the 100 bar MA on the 4-hour chart last week (at 0.6525) and apart from a few modest moves above (including into last week's close), most of the price action was below the 0.6523-25 area. In trading today, the price...
Philadelphia Fed Pres. Harker does not talk about monetary policy or the economy
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,...
Philadelphia Fed Pres. Harker speaking at the top of the hour
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 stays above the 100 day MA at 1.3544. Stay above is more bullish this week
The USDCAD moved above its 100 day MA last week near mid-week and despite a modest dip below on Thursday, the price spent the rest of the week above that key bullish/bearish barometer. That MA comes in at 1.3544. Also near that level is the 50% midpoint of the move...
EU Impose $1.8 Billion Fine On Apple Pressuring the US Indices!
The Dow Jones dropped 0.35% and is the day’s worst performing US index. Other US indices hold onto their value. Apple is fined $1.8 Billion by the European Union for breaking App Store Rules! Apple Stocks decline by 1.37% before the market opens! Gold is close to...
USDCHF reverses higher despite higher Swiss CPI data today. What next technically?
The Swiss CPI data came out stronger than expected 0.6% versus 0.5% expected. Despite that, the USDCHF after an initial dip, reversed back to the upside and has traded two new session highs in the early US session (lower CHF). In doing so, the price extended back...
Supreme Court:Former Pres. Trump reintstated on the Colorado ballot ahead of Super Tuesday
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,...
Spot gold pushes against $2100
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,...
Bitcoin breach is $66,000
The price of bitcoin has breached the $66,000 level trading up to $66,351. The price trades at the highest level since November 15. The high price for bitcoin all-time reached $69,000 on November 10, 2021. There was a high October 21 that reached $67,087. That is the...
Major indices trade lower in early US trading
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 your FX trading for March 4, 2024 with a look at EURUSD, USDJPY and GBPUSD
The week is off and running, and to loosen the technical cobwebs, I have outlined the bias, targets, and risks for the 3 major currency pairs. Including is a technical look at the EURUSD, USDJPY and the GBPUSD. For the EURUSD, the air has moved above a cluster of...
US dollar perks up as Treasury yields climb to start the 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,...
Forexlive European FX news wrap: USD/JPY grinds higher to start the 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,...
China is making “a classic recipe for falling prices”
As China gets set for its pivotal meetings this week, the Wall Street Journal writes about how a manufacturing export boom is "a classic recipe for falling prices."'They warn that Beijing is looking to manufacturing and exports to boost the economy. It's a sequel to...
Stock market technical analysis, ES futures at 5140 ▲ watching 5170 and then watch out
📈🚀 S&P 500 Futures technical analysis and leading scenario, my opinion of area 5170... And then watch out for bears 📉🐻🔻See the below video with the latest technical analysis of the S&P 500 futures, right here on ForexLive.com In this analysis, we view the...
US Supreme Court to decide today whether Trump can be barred from ballot
Earlier this year the Colorado Supreme Court disqualified Trump from being president again and ineligible for the state’s primary, which is Tuesday. The grounds for disqualifying him are a clause in the constitution that says anyone “engaged in insurrection” can be...