The volatility in the EURUSD continues as the price has rotated back down after a spike lower in the Asian session, and a spike higher in the European session. The price is currently testing its 100-hour moving average of 1.1117. This represents a target on the...
US stocks extend to the best levels of the day as soft-landing trades sizzle
The S&P 500 has extended gains to 103 points, or 1.8%. The Nasdaq is up 2.8%.The weekly chart of the S&P 500 is looking awfully good if it can get through Friday at these levels.SPX weeklyThe FX market isn't quite as enthusiastic but that's because the bond...
The USDCAD price action is volatile as the market digests Fed/data. What next?
The USDCAD price action is experiencing high volatility in today's trading, following yesterday's bounce between support and resistance levels. Initially, the price moved upward, breaking above the 38.2% retracement level of the decline from the August high, which...
Hezbollah chief: Israel violated red lines with pager attack
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 August existing home sales 3.86m vs 3.90m 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,...
ECB’s Schnabel: Inflation outlook remains challenging, policy vigilance needed
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,...
Tech and consumer stocks soar: A break from market fluctuations
Stock heatmap by FinViz.com Thu, 19 Sep 2024 13:46:04 GMTSector OverviewThe US stock market is experiencing a strong upward momentum today, with significant gains across major sectors. Notably, the technology and consumer cyclical sectors are posting impressive...
BofA fund manager survey: Investors best described as ‘nervous bulls’
The Bank of America fund manager survey is always a good read as it offers up some indications on which trades are over-crowded and which ones are under-loved.This week's survey showed improving global sentiment on soft landing optimism but a big rotation into...
US stocks rip higher. S&P and down at all new record levels.
The major US stock indices are ripping to the upside after the after the Fed recalibrated rates by 50 basis points and projects two more 25 bp cuts before the end of the year.A snapshot of the market eight minutes into the open is showing:Dow industrial average up...
The Fed cut sent markets in motion. What are the EURUSD, USDJPY & GBPUSD doing?
It is the day after....The day after the Fed cut rates by 50 bps. US stocks are sharply higher as a Fed initiated a floor at all-time highs in the Dow and S&P. HMMMM. However, the Fed sees it as a "recalibration" of rates after restrictive policy that helped to...
How has cutting the Fed funds rate with stocks near an all-time high gone historically?
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,...
How To Find the Best Forex Trading Course
Forex trading is a profitable business but at the same time, it is not an easy business. As there are so many courses out there, it is helpful to know what to consider in order to avoid wasting time, money and energy. To ensure that you get the best forex trading...
South African central bank lowers rates for the first time since 2020
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 Bailey: Optimisitic UK rates will fall further, need more evidence
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,...
BOC’s Vincent outline’s the central bank’s data-gathering process
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 Q2 current account deficit -266.8B vs -260.0B 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,...
September Philly Fed +1.7 vs -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,...
US initial jobless claims 219K vs 230K 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,...
The Fed put wins
It was a cruel, counter-intuitive squeeze in markets in the immediate aftermath of the Fed decision. It was something of a 'sell the fact' trade but Asian markets had a look at the state of play and decided that sometimes a cut is just a cut, not a sign of panic.As I...
ForexLive European FX news wrap: BOE hold rates, dollar falls as equities jump post-Fed
Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 1.7%US 10-year yields up 2.4 bps to 3.709%Gold up 1.1% to $2,587.63WTI crude up 0.9% to $71.58Bitcoin up 3.9% to $62,558The central bank bonanza continued with the BOE...