Prior was -9.3Services sector revenue outlook +5.2 vs -3.6 priorThis is a low-tier indicator.Comments in the report:Personal and laundry servicesOur 2023 revenue declined 15 percent, January 2024 revenue fell 7 percent, and February is currently on track to decline 9...
US February consumer confidence 106.7 vs 115.0 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,...
Richmond Fed February composite index -5 versus -15 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,...
USDCAD ceiling is well defined. Support is near 200 bar MAs. What next?
The USDCAD has a well-defined ceiling between 1.3526 and 1.3543 (in between is the 50% midpoint of the move down from the last 2023 high at 1.35378).On the downside, the 200-day moving average comes in at 1.3479. The 200 bar moving out on the 4- hour chart comes in at...
Mixed open for major indices today. Modest changes registered to start the trading day.
The US stock market is open and the major indices are mixed/modestly changed for the day. The Dow 30 is lower to start the trading day. The NASDAQ index is higher. The S&P is a little higher but near unchanged.The snapshot of the market currently shows:Dow...
The USDCHF technical story is being written from a few perspectives. What does that mean?
The USDCHF's technical story is being written from a few perspectives. Looking at the 4-hour chart, support is defined by the 50% midpoint at 0.8785, the 100 bar moving average on the 4-hour chart at 0.8784, and the 100-day moving average a little lower at 0.8774.The...
Fed’s Barr speaks about “counterfeit credit risk’
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 December Case-Shiller 20-city US house price index +0.2% vs +0.2% 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,...
Kickstart your FX trading for Feb. 27, 2024 with a technical look at the three major pairs
In this video, I kickstart the FX trading day with a technical look at the EURUSD, USDJPY and GBPUSD. Both the EURUSD and the GBPUSD are muddling along with up and down price action respecting close support and resistance in the process. Traders await the next shove,...
BOE’s Ramsden: Key indicators of inflation persistence remain elevated
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 durable goods -6.1% vs -4.5% 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 January durable goods orders coming up next
The dominant feature of the Tuesday FX market so far is yen buying after a hotter Japanese CPI reading earlier.That could change after some US economic data today. We start off with durable goods orders at the bottom of the hour. The consensus is calling for a 4.5%...
USDCAD Technical Analysis – Another fakeout or a real breakout?
USDThe Fed left interest rates unchanged as expected at the last meeting while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.The US CPI beat expectations for the second consecutive month with the disinflationary...
ForexLive European FX news wrap: Currencies stay more muted, stocks creep a little higher
Headlines:Markets:JPY leads, GBP lags on the dayEuropean equities slightly higher; S&P 500 futures up 0.2%US 10-year yields down 3.1 bps to 4.267%Gold up 0.4% to $2,037.81WTI crude down 0.3% to $76.85Bitcoin up 4.9% to $57,333It was once again another quiet...
US Treasury secretary Yellen says global outlook is quite favourable
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,...
Gold continues to stick to the latest technical script for now
After yesterday's slight drop, gold is back at it again as it looks to make it seven out of nine days of gains in trading today. The run higher in the last two weeks has been a rather technical one. That considering the rebound off the 100-day moving average (red...
GBPUSD Technical Analysis – “Make it or break it” moment for the pair
USDThe Fed left interest rates unchanged as expected at the last meeting while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.The US CPI beat expectations for the second consecutive month with the disinflationary...
Major currencies stay more subdued so far on the session
It's been a quiet one in Europe as traders seem content to sit on their hands so far this week. It's been a case of markets getting caught in a lull amid a lack of key economic data releases. And not even the usual month-end messiness is able to breathe life into...
FMAS:24 – Traders and Investors in Focus
The Finance Magnates Africa Summit (FMAS:24) is set to take center stage once again this May in South Africa. As one of the biggest summits in Africa in 2024, the premium event will look to shine a spotlight on retail traders across the continent on May 20-22 in...
Dollar selling the play this month-end – Barclays
The model indicates "a moderate USD selling signal against most majors, with a strong signal in EUR/USD". Adding that most of the selling pressure against the dollar "should be seen in non-commodity G10".Meanwhile, Citi's month-end asset rebalancing model suggests...