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,...
S&P 500 and Nasdaq soar to record highs
It turns out there is still more room on the AI hype train.US equities were mixed earlier but a hint of a softening of the US economy (ie rate cuts) and it was right back to the races. The S&P 500 is up 32 points to a record 5128 and the Nasdaq Composite just...
Weekly Market Recap (26-01 March)
ECB’s Lagarde (neutral – voter) reaffirmed her patience stance with the usual focus on wage growth:We are not there yet on inflation.We have to get to 2% inflation sustainably.ECB must play its role in climate transition.There are increasing signs of a bottoming-out...
Gold is track for the highest close ever after a $36 jump
Gold weeklyThere is a thinking in much of the metals market that prices will take off when the US dollar turns.Today, with the slightest bit of US economic and US dollar weakness, we've seen a big move in gold and silver. Gold is up $36 to $2079, which would be the...
European equity close: A sea of green
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,...
Karma3 Labs Raises a $4.5M Seed Round Led by Galaxy and IDEO CoLab to Build OpenRank
Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.Karma3 Labs has raised $4.5M in seed funding led by Galaxy and IDEO CoLab...
Nasdaq nears the intraday record high
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,...
Fed monetary policy report: Inflation has slowed notably, remains elevated
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,...
USD/JPY Recovers on Ueda’s Dovish Remarks, Critical Tech Levels Ahead
Most Read: Gold Price Outlook - Fundamentals & Technicals at Odds, What Now for XAU/USD?The yen posted small losses against the U.S. dollar on Friday, after a positive performance in the previous session, weighed down by comments by Bank of Japan’s Governor Kazuo...
Oil breaks $80 for the first time in nearly 4 months
Oil daily chart$80 WTI is important both psychologically and technically. It hasn't been up here since November 7, when questions began about OPEC+ unity. OPEC has held it together so far and global growth has been strong so far this year.Technically, I would look to...
US dollar takes a sharp turn lower after USdata slate
The market turned on a dime after a trio of US data releases all missed estimates.The US dollar was at the highs of the day shortly before the data, in part due to a stronger S&P Global manufacturing PMI and comments from Barkin that were more hawkish. The fear...
Comments from Waller and Logan focus on balance sheet
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,...
Fed’s Goolsbee: Housing inflation is the thing that’s really been weird
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 February UMich final consumer sentiment 76.9 vs 79.6 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,...
US January construction spending -0.2% vs +0.2% 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,...
US February ISM manufacturing 47.8 vs 49.5 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,...
US Feburary S&P Global final manfacturing PMI 52.2 vs 51.5 prelim
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 February S&P Global manufacturing PMI 49.7 vs 48.3 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,...
BOE’s Pill: My baseline is that the time for cutting rates is some ways off
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,...
ISM manufacturing highlights the US economic calendar today
Welcome to March trading. If you haven't read my March seasonals package yet, check it out.As the calendar turns over, the yen is giving back all of Thursday's gain while the rest of the FX market is still and oil is on a bit of a run.There is no early US data today...