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,...
S&P index gaps lower today and below a trend line and moving average.Sellers make a play.
The sellers are making a play in the S&P index, and in doing so has broken below a trendline on the hourly chart (near 5207), and also below is 100-hour moving average currently at 5198.39. Stay below those levels keep sellers in play AND control in the short term...
China’s Xi holds phone talks with US President Biden
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 climbs above $2275 in fresh record high. What’s next
Gold is shining brightly today even as US Treasuries break to the highest yields of the year. It's an impressive rally that is fighting its way upstream in a tough market.I strongly suspect that central bank and Asian buying is the main driver of the impressive move...
USDCAD moves up and down with a modest bullish bias technically
The USDCAD traders are jockeying for control. Technically, the buyers are modestly in the lead as the price is above its 50% midpoint of the range going back to November 2023. That midpoint level comes at 1.35378. The price is also above its 100 and 200 bar moving...
Fed’s Bowman limits comments to bank regulation. Williams and Mester to come
The Fed's Bowman is a hawk so there was a risk of her leaning into today's bond move but she limited her comments to banking in a speech titled: Bank Mergers and Acquisitions, and De Novo Bank Formation: Implications for the Future of the Banking SystemYou can read it...
US February JOLTs job openings 8.756M vs 8.750M 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,...
US February factory orders +1.4% 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 stock trading sharply lower
Major US indices are sharply lower to start the trading day. News from Medicare about increased prices kickstart it the downside in the Dow. Later Tesla reported sales from last month much lower than expectations. An overbought market is also a contributor as our...
The USDCHF is rotating lower as the USD falls with stocks in early US trading
As the US stock market opens sharply lower, there have been a move out of the US dollar. The USDCHF is coming off a new high for 2024 at 0.9090 from earlier today. The price is falling back below high prices from last week's trading at 0.9071 and 0.9063 respectively....
US stock futures point to sharp declines
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,...
Ramadan Good Deeds – FBS Supports Vulnerable Communities
FBS, a leading global broker, has sent philanthropic support to needy families across Malaysia during the holy month of Ramadan. Through partnerships with Dignity for Children Foundation and SUKA Society, FBS collectively helped over 900 people nationwide.“At FBS, we...
Shares of Tesla fall 7% as March deliveries badly miss estimates
Tesla share price premarketDeliveries 387,000 vs 433,000 estimate (some consensus estimates as high as 457k)422,875 cars delivered last year in Q1 Production 433,371That's a big miss and it comes after some major downward revisions to estimates in the past week or so....
Bond selling more likely about the calendar than the fundamental outlook
The US Treasury market has certainly made things interesting so far in April.On just the second day of the month, the high yields in 10-years have broken out, rising above the 4.35% double top to the highest levels since November.If you want to stretch for a reason...
Germany March preliminary CPI +2.2% vs +2.2% y/y 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 European FX news wrap: FX guarded as bond yields push higher
Headlines:Markets:AUD leads, CHF lags on the dayEuropean equities mixed; S&P 500 futures down 0.3%US 10-year yields up 2.8 bps to 4.357%Gold up 0.4% to $2,259.26WTI crude up 1.5%o $85.10Bitcoin down 6.1% to $65,495It was mostly a slow session for major currencies...
Traders getting less certain about a Fed rate cut in June
The market pricing is showing that the odds of a June move have been reduced to ~62% now. That is down from ~68% at the end of last week here. And according to the CME Fedwatch tool, a 25 bps rate cut is now paired with just a ~56% probability. If anything, it...
The bond market stays in focus after yesterday’s move
The jump in Treasury yields yesterday is keeping things rather interesting to start the new week/month. Sure, the US ISM manufacturing data was better than expected. But did that warrant a roughly 10 bps jump in 10-year yields? It's tough to completely attribute the...
UK March final manufacturing PMI 50.3 vs 49.9 prelim
Prior 47.5Following the revision, the UK manufacturing sector posts a marginal growth to wrap up Q1. Both output and new orders increased with business optimism also improving to an 11-month high. The good news at least is that domestic demand conditions are picking...
UK February mortgage approvals 60.38k vs 56.50k 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,...