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,...
Chinese vice foreign minister wants even stronger strategic coordination with Russia
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,...
UBS outline a case for the S&P 500 to rise 20% in 2024 (spoiler – AI takes off)
UBS have published their list of 10 potential surprises for 2024. UBS do not consider any of the surprises to be likely, but they do highlight them as unexpected events that could happen. The first on their 'surprise' list is a 20% rise for the S&P 500.UBS' base...
JP Morgan warns US equity rally at risk – higher for longer Fed, stagflation, election
JP Morgan equity analysts note investor sentiment is predominantly bullish, resulting in a consensus view on the "goldilocks outcome".But outline concerns brewing:inflation could rise due to loose financial conditions, strength in the jobs market, high government...
UBS says not to expect a sudden Bank of Japan rate increase
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,...
Goldman Sachs CEO David Solomon expresses uncertainty about avoiding a US recession
Goldman Sachs CEO David Solomon spoke at a UBS Group conference on Tuesday. He says he is uncertain that the US can avoid a recession:The world is set up for a soft landing. The market certainly perceives there’s a very, very high delta to a soft landing. My own view...
Private survey of oil inventories shows much larger headline crude build than 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 Americas FX news wrap: US consumer confidence dips
Markets:Gold down $1 to $2029WTI crude up $1.05 to $78.63US 10-year yields up 1 bps to 4.31%S&P 500 up 9 points to 5078JPY leads, CAD lagsIt was tough to find any movement in the FX space on Tuesday. The yen was stronger coming into US trade on a...
Nasdaq leads the way. S&P higher but short of record high close
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,...
Economic calendar in Asia 28 February 2024: RBNZ day and Australian monthly inflation data
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,...
Trade ideas thread – Wednesday, 28 February, 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,...
This pipeline belongs in the cost-overrun hall of fame
AI imageIn a sane world, a country would take a long look in the mirror after what happened with Canada's Trans Mountain pipeline.Just today, the Canadian government announced the pipeline will cost another $3.1 billion. Stop me if you've heard that one before. The...
SocGen: USD/JPY close to a turning point with BOJ’s expected policy shift
USDJPY dailySociete Generale (SocGen) discusses the recent dynamics in Japan's inflation rates and its impact on monetary policy, particularly focusing on the implications for the Nikkei Index (NKY) and the USD/JPY currency pair. The "core-core" inflation rate in...
Nasdaq extends to new day highs.
Nasdaq is approaching the all-time high close at 16057.44.While the Dow 30 index is lower, and the S&P is morbidly higher by 0.12%, the NASDAQ index is stretching to a new session high at 16045.34. That is getting closer to the all-time high close at 16057.44....
AUDUSD consolidates in a narrow trading range. What is needed to break out of the cage?
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,...
2024 markets summarized with a single headline
This is the perfect 2024 headline:"Apple Cancels Work on Electric Car, Shifts Team to Generative AI"That's how Bloomberg summarizes its latest on Apple. The story illustrates how the world's second-largest company is abandoning an industry that once held great promise...
Credit Agricole sees moderate USD selling into month-end fix
Credit Agricole's recent analysis leverages their month-end fixing model to anticipate moderate USD selling across various currency pairs, with a particular focus on long AUD/USD and short USD/CAD positions as we approach the month's end. This projection is informed...
Oil jumps on report that OPEC will consider extending voluntary cuts. Asian demand strong
WTI dailyWTI crude is higher by more than $1 after a Reuters report said OPEC+ will consider extending voluntary oil output cuts into Q2. More importantly, the report said the cuts could be kept in place until year end.The report cites three unnamed sources.Current...
US sells 7-year notes at 4.327% vs 4.329% WI
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,...
Reuters: OPEC+ to consider extending voluntary oil output cuts into Q2
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,...