US 10 year yield moves to a new high for the year.The US 10-year yield has been pushing to the upside in April helped by the shift in perception that the Fed is on hold for longer and may cut less in 2024. The 10 year yield was trading near 4.20% at the beginning of...
Watch live: Powell and Goolsbee set to speak
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European equity close: Back in the bright side
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,...
EURUSD rallies toward key moving average amid weak ISM data
The weaker-than-expected ISM nonmanufacturing data - with prices paid full and sharply - sent the EURUSD sharply higher and above its 200 hour moving out at 1.07983 and a swing area between 1.0795 and 1.08063. That is now close support. Staying above is more positive...
iFX EXPO LATAM 2024 is Right Around the Corner
iFX EXPO LATAM 2024 will be here in less than one week and the hype has reached a fever pitch. The premium online trading expo is the most anticipated event of the year in Latin America (LATAM), taking place on April 9-11 in Mexico City. Participants can expect the...
US dollar comes under further selling pressure
The market looked like it might be at the breaking point heading into ISM services, with evidence mounting of a resilient economy and firming inflation pressures.Then the data hit and it showed the opposite. The ISM services index missed estimates and the prices paid...
AUDUSD moves higher after softer ISM data, and towards a key cluster of moving averages.
The AUDUSD moved above a key target resistance level at 0.6523 after the weaker than expected nonmanufacturing ISM data. The move to the upside has now taken the price up toward a cluster of moving averages including the 200-day moving average at 0.6543, the 100 and...
EIA weekly US crude oil inventories +3210K vs -1511K
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Whoops. ISM nonmanufacturing reverses the USD (higher), yields (lower) & stocks (higher).
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ISM March services index 51.4 vs 52.7 expected
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USDCAD muddles along today but remains above key moving average support.Can that continue?
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 March S&P Global final services PMI 51.7 vs 51.7 prelim
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The secret to strong US employment growth: A population increase
Late last year, Canada was hit with a bombshell: There were 1 million more people in the country than believed. For a country of 40 million people, that's an incredible mis-count. It helped to explain why Canadian jobs data had been so strong in 2023, despite a...
Canadian March S&P Global services PMI 46.4 vs 46.6 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,...
USDCHF hits new highs, bullish momentum strengthens
The USDCHF has pushed to a new 2024 high price today at 0.90943. In the process, the price is moving away from its 38.2% retracement of the longer-term move down from the 2022 high. That retracement level comes in at 0.90252. Recall at the end of last week the price...
ECB’s De Cos: Eurozone inflation is positive news
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Kickstart your FX trading for April 3 w/ a technical look at the EURUSD, USDJPY and GBPUSD
The better-than-expected ADP employment report as pushed the US dollar higher. That rise is being led by the USDJPY which is pushing against the 2022, 2023, and 2024 high prices between 151.91 and 151.967. The high price today has reached 151.905 so far. Breaking...
Fed’s Bostic: Economy is maintaining strong momentum that it’s had. Sees Q4 rate cut
Everyone has been expecting the economy to slow at a faster pace but I'm not hearing that it's picking upIf there's any weakening, it's at a very incremental levelOver the longer run, the economy needs to slow to get to longer-run inflation targetSays he is still...
USD/JPY approaches the 152.00 barrier after strong US jobs data
Keep an eye on USD/JPY.It's up 32 pips to 151.88. That's just a sneeze away from last week's high of 151.97, the November high of 151.91 and the October 2022 high of 151.94.The 152.00 is clearly a line in the sand that Japanese authorities don't want to cross and a...
US markets reacting to the stronger ADP report
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