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 Americas FX news wrap 3 Apr: ISM price data & Powell sends USD and yields lower
Major US stock indices close today with mixed resultsUS 10-year yields finish right at 4.35% againTreasury Secretary Yellen: important that US China maintain level economic playing fieldUS crude oil futures settle at $85.43Copper is beginning to cookPowell:Inflation...
More from Fed’s Kugler – sees a lot of jobs created by new businesses
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,...
ICYMI – PBOC says it’ll monitor changes in long-term yields during the economic recovery
China's central bank, the People's Bank of China, issued a statement yesterday filled with the usual reassurances: pledged to enhance implementation of monetary policies to stimulate domestic demand and revitalize the economyacknowledging that the economy is suffering...
Gold hits US$2300 for the first time
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 Kugler says her expectations for Fed Funds consistent with March FOMC projections
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,...
Asian market holidays today – China and Hong Kong are out
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,...
Major US stock indices close today with mixed results
The major US stock indices are closing mixed. The Dow industrial averages lower. The broader S&P and NASDAQ indices are up modestly. The final numbers are showing: Dow Industrial Average -43.23 points or 0.31%S&P index of 5.78 points or 0.11% at 5211.59NASDAQ...
US 10-year yields finish right at 4.35% again
US 10 year yields dailyIn each of the past two days it looked like 10-year yields were breaking out but they've been reeled back to the 4.35% level. That was a double top in Feb/March and it continues to remain in play.Today it was the ISM services index and a...
Economic calendar in Asia Thursday, 4 April 2024 – another Fed speaker, China & HK holiday
The key points for the day are that Federal Reserve Board Governor Adriana Kugler is due to speak and Chinese and Hong Kong markets are closed for a holiday.From the Reserve Bank of Australia, Brad Jones, Assistant Governor (Financial System), will speak. Due at...
Trade ideas thread – Thursday, 4 April, insightful charts, technical analysis, ideas
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,...
USDJPY remains above 100/200 hour MA & below a solid ceiling as buyers and sellers battle
In this video, I take a detailed look at the levels in play for the USDJPY as we look toward the US close and the start of the new trading day. On the top side there is a strong ceiling in place between 151.91 and 151.97.On the downside, there is support against the...
Treasury Secretary Yellen: important that US China maintain level economic playing field
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,...
Some trading rules from a Market Wizard
I stumbled onto this thread from Peter Brandt and I want to share it.Brandt was featured in Unknown Market Wizards as part of the essential series from Jack Schwager. Brandt has been trading since 1976 and didn't always have success. He initially failed, the had a...
US crude oil futures settle at $85.43
Crude oil futures are settling at $85.43. That is up $0.28 or 0.33%.The high price for the day reached $86.20. The low price was at $84.85.The weekly inventory data showed that crude oil stocks showed a build of 3.210 million barrels. The expectations was for a draw...
Copper is beginning to cook
copper weeklyCopper prices are up 3% today to the best levels in 14 months.China represents about 50% of global demand so it's generally a China story when it's rallying. So it's no surprise that the latest leg higher came after this week's versions of the China PMIs...
April seasonality USD tends to fall in April and bounce back in May — SocGen
Société Générale notes a consistent seasonal pattern in FX markets where the US dollar tends to weaken in April, followed by a stronger recovery in May. This trend has been observed 65% of the time since 2004, suggesting a non-random phenomenon. On average, the dollar...
USDCHF falls belwo the 100 hour MA but stalls at the 200 hour MA
USDCHF trades to the 200 hour MA and finds supportThe USDCHF earlier today reached up to the highest level of the year at 0.90949. However the last three or four hours have seen a rotation to the downside after the weaker than expected ISM nonmanufacturing data. Fed's...
Powell:Inflation wasn’t just a question of demand overheating but involved supply side too
Inflation was not just a question of demand overheating, but also involved a supply shock.Needed to see an unwinding of the pandemic led distortions and the effects of tighter monetary policyWe think monetary policy is tightThere may be more supply-side gains to be...
Fed’s Powell: If economy evolves as expected, most on FOMC see begining of cuts this year
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,...