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,...
Lebanese says about 2,800 injured, including 200 in critical condition, in pager bombings
An incredible attack occurred in Lebanon today with 2800 members of Hezbollah and other Iranian-linked individuals wounded and 200 in critical condition.The pagers they were using exploded at the same time in what was surely some kind of long-planned attack. Image of...
Bitcoin rises to the best levels of September in a 6% rally
Bitcoin dailyBitcoin has climbed above the September high in a strong turnaround from yesterday's selloff. It's up 5.3% or $3000 in the best gain in a week.Bitcoin has struggled to keep pace with the improving risk appetite in September and is well-below the summer...
USDJPY breaks higher and through the 100 hour MA. Runs to swing area/200 hour MA.
USDJPY moves back above the 100-hour MA (blue line)The USDJPY at the start of the US session needed to get to and through the 100-hour MA to increase. the bullish bias. It did just that after better data gave the buyers to go-ahead to move away from the lows....
Global Broker Octa Analyses the Fed’s Actions
The United States Federal Reserve is expected to lower interest rates in response to slowing inflation and cooling the labour market. Will the Federal Reserve have the courage to significantly reduce interest rates? How will financial markets react to this decision?...
A seven-day winning streak in stocks ahead of the FOMC is a PR accident waiting to happen
SPX dailyWhat a run in stock markets.The S&P 500 is up 35 points today, or 0.6%, in what's on track to be the seventh day of gains and is only a fraction away from taking out the July all-time high of 5669.So it's a seven-day winning streak and running into major...
New Zealand GDT price index +0.8%
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 bounces with the USD after better data today
The US data this morning came in better than expected which has softened the Fed expectations for tomorrow a bit, but it is still leaning toward 50 bps. The retail sales data today has GDP looking toward 3% for the 3Q. That is pretty good. The question is "Has...
All that’s left in Canadian inflation is shelter and mortage interest
Canada CPI the lowest since March 2021Today's Canadian CPI report highlights how far the Bank of Canada has fallen behind the curve.Virtually the lone sources of inflation are mortgage interest and shelter, which is due to laggy rent calculations. Overall inflation is...
US July business inventories 0.4% versus 0.3% 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 September NAHB home builder sentiment 41 vs 40 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,...
Tech stocks rally: Amazon and Nvidia lead the charge
Stock heatmap by FinViz.com Tue, 17 Sep 2024 13:46:02 GMTSector OverviewThe US stock market is seeing significant gains today, with a notable emphasis on the technology sector. Microsoft (MSFT) is up by 1.74%, while Amazon (AMZN) shows the most remarkable increase in...
The major indices open higher. S&P index looks toward it’s all time high closing level
The major US indices are trading higher at the start of the trading day. Retail sales were better than expectations. That might mean the Fed might lean toward a 25 basis points but it also means that the economy is not as bad as hoped. The Dow industrial average...
Timiraos: Fed faces a finely-balanced choice over whether to cut
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 the trading day for Sept 17 w/a technical look at the EURUSD, USDJPY & GBPUSD
Kickstart the FX trading day for September 17 with a technical look at the EURUSD, USDJPY and GBPUSD. Included today is a bonus look at the USDCAD after Canada released lower-than-expected CPI data, and the US reported better-than-expected retail sales data. The...
US August industrial production +0.8% vs +0.2% expected
Prior was -0.6% (revised to -0.9%)Capacity utilization 78.0% vs 77.9% expectedPrior utilization 77.8% (revised to 77.4%)Manufacturing output +0.9% vs +0.3% expectedPrior manufacturing output -0.3% (revised to -0.7%)The negative revisions take some of the shine off...
Three central banks, one Volatile Week. Analysis by Octa Broker
Relative monetary policy drives currencies' exchange rates. Therefore, the market pays close attention whenever a central bank holds a meeting and updates its monetary policy stance. This week, three major central banks—the U.S. Federal Reserve (Fed), the Bank of...
US dollar bumps higher after solid retail sales report
The US retail sales report wasn't a game-changer for tomorrow's FOMC decision but it offers some angst for those who are expecting a 50 basis point cut.Sales rose 0.1% compared to -0.2% expected in a sign that the consumer is just fine. The control group, which...
Canada August CPI 2.0% vs 2.1% expected
Canada CPI the lowest since March 2021Prior month 2.5%(it came in as expected)CPI MoM -0.2% vs 0.0% expected.Prior MoM +0.4%THe YoY of 2.0% is the lowest since March 2021. Core measures: CPI Bank of Canada core YoY 1.5% vs 1.7% last monthCPI Bank of Canada core MoM...
US August retail sales control group +0.3% versus +0.3% 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,...