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 10 year yield remains confined in range
The US 10-year yield has moved to a low of 4.225% after the US PCE data today. It is currently trading at 4.234% down 4.0 basis points on the day. The high yield reached 4.319%.The move lower has taken the yield back below its near-converged 100 and 200 hour moving...
Atlanta Fed Pres. Bostic: Inflation came down much faster than he 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,...
Bitcoin’s price surge: Buyers leading short-term trend. Watch 200 bar MA on 5-minute chart
Bitcoin is higher on the day. The closing level yesterday was at $62,512. The current price is at $63,281.Yesterday saw a huge run up from $56,755-$64,000 at its session high. After that trend move higher, the price tumbled down to a low of $58,835 before bouncing...
US politics: U.S. Senate Majority Leader Schumer open for passage of stopgap funding today
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,...
Atlanta Fed GDPNow Q1 growth dips to 3.0% from 3.2% in its latest model estimate
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 pending home sales -4.9% versus 1.0% 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,...
The USDCAD moves lower and toward key support near 100 day MA and key swing area.
THe USDCAD has moved lower after the US PCE data. In the process, the pair is moving back closer to the breakpoint from earlier this week. That break came when the price moved above the 50% midpoint of the move down from the October high to the December low at...
US stocks opened higher after as expected US PCE data
The US core and headline PCE came in as expected and the market is breathing a sigh of relief. Yields have moved lower, and that has helped to boost us stock indices at the open. A snapshot of the market currently shows:Dow industrial average up 118 points or 0.31% at...
Reuters poll: 19 of 31 surveyed economists see a BOC cut to 4.75% from 5% in June
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 Feb. 29 with technical look at the EURUSD, USDJPY and GBPUSD
It'sIn the video above, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. The US PCE came in as expected and the market has breathed a sigh of relief. The US dollar moved marginally lower. Yields moved lower and stocks moved...
US January PCE core inflation 2.8% YoY vs 2.8% expected
Core PCEPrior month 2.9%PCE Core 2.8% vs 2.8% expected. Last month 2.9%PCE core MoM 0.4% vs 0.4% expectedPrior MoM core 0.2% revised to +0.1%Headline PCE 2.4% vs 2.4% expected (prior 2.6%). MOM 0.3% vs 0.3% expectedFull report click here3 month annualized 2.8%. 6...
Canada Q4 GDP +0.2% vs -0.3% q/q 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,...
US weekly initial jobless claims 215K vs 210K expected
Prior 201K; revised to 202KFour-week moving average 212.50K vs 215.25K priorContinuing claims 1.905m vs 1.862m priorThe headline figure doesn't deviate much from the recent trend, so this will keep the status quo for now. Looking at the details, the advance seasonally...
Germany February preliminary CPI +2.5% vs +2.6% 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,...
ForexLive European FX news wrap: Yen holds gains, rest of the major currencies a dud
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,...
BinaryX IGO to List Project Matthew: Build A Space City With ERC-404 NFTs
BinaryX announced today the highly anticipated launch of their first Initial Game Offering (IGO) of the year, Project Matthew. Project Matthew is a space-building simulation game where players get to experience what it is like to work in space, officially known as the...
Economists see ECB performing first rate cut in June – poll
46 of 73 economists see first ECB rate cut in June17 economists expect first rate cut in April10 economists expect first rate cut to only come in 2H 2024Median call is for 100 bps worth of rate cuts this year, taking deposit rate to 3% by year-endDespite a growing...
FX still mostly stuck in a rut so far today
On the yen move, these are the earlier posts:Besides that, there hasn't been much activity among major currencies so far on the session. In fact, other dollar pairs are only seeing 0.1% change currently. And that speaks to the lack of appetite today and for the most...
UK January mortgage approvals 55.23k vs 52.00k 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,...