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 28 Mar: The quarter comes to an end.Stocks, yields. USD up
As traders (and central bankers too) look toward the long Easter weekend, starting with Good Friday tomorrow and Easter Monday in some countries on Monday, the markets closed the quarter with gains in stocks, gains in oil, yields higher, Bitcoin (and crypto) higher...
ICYMI: Japan PM Kishida says its appropriate for the BOJ to maintain easy monetary policy
Japan's Prime Minister Fumio Kishida spoke at a press conference on Thursday in Tokyo.In it he addressed the change in monetary policy from the Bank of Japan and reiterated that its appropriate for the Bank to maintain accommodative monetary conditions. This, of...
S&P and Dow close at record levels
The S&P and Dow Industrial Average closed at record high levels. For the S&P was the 22nd record close in 2024. The Dow Industrial Average is less than 200 points from Dow 40K. The NASDAQ index was not so fortunate as it closed down on the day. For the quarter...
Economic calendar in Asia for Good Friday, 28 March 2024 – big day for Japanese inflation!
Japanese (Tokyo) CPI, and jobs, data is due at 2330 GMT, which is 1930 US Eastern time.The other data follows at 2350 / 1950.Japanese and mainland China markets are open today.****For the headline Tokyo CPI the expected I've seen is 2.5%, slightly down from 2.6% but...
Asia time zone holidays today – who’s in and who’s out on Good Friday 2024
The good news is that Japan and mainland China are open on Friday, 29 March 2024.New Zealand, Australia, Hong Kong, Singapore are closed.The UK and Europe will be closed.US markets will be closed on Friday also, stock exchanges, futures and physical bond trading. US...
Trade ideas thread – Thursday, 28 March 2024, insightful charts, technical analysis, ideas
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: Note Japanese and mainland China markets are open today, FWIW....
The S&P index trades to a new all-time intraday
The has moved up to a new session high at 5262.47, and in the process is trading at a new intraday all-time high price extending above the March 21 at 5261.10. The S&P is looking to end the quarter with gains of over 10% and the largest first-quarter gain since...
Crude oil futures settle at $83.17
The price of WTI crude oil futures is settling at $83.17. That is up $1.82 or 2.24% on the day. The price is settling near the high for the day at $83.21.Technically, the 100-week moving average is at $83.05. Closing above that level is more bullish. The next target...
More from Villeroy: We need to take out insurance against a hard landing by starting 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,...
USDJPY fluctuates around 100 hour MA, targeting key highs and lows
USDJPY trades up and downThe USDJPY remains in an up-and-down market as the day moves toward the close. The price is marginally higher now and tests the 100 hour MA at 151.39. The highs from earlier today did get above those levels, but could not sustain the upside...
ECBs Villeroy says or inflation declined is rapid but it remains to high
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,...
BofA: Maintains above-consensus year-end EUR/USD target at 1.15; here’s why?
Synopsis: Bank of America reaffirmed its bullish stance on EUR/USD, projecting the pair to reach 1.15 by the end of 2024, in contrast to the more conservative consensus forecast of 1.10 for this year and 1.14 by 2025. BofA's optimism stems from expectations of a...
European indices close the day with mixed results. Solid gains for the quarter.
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,...
Crude oil up over 15.5% for 1Q 2024
The price of crude oil is trading up $1.41 or 1.73% today at $82.77. With 1Q quarter end approaching, the price is up a solid 15.53%. The price at the end of the year closed at $71.65. The gain is the largest since Q3 in 2023 when the price surged 28.52% only to then...
Russell 2000 looks to end quarter at a new 52-week high
With the stock market closed tomorrow, today is the end of the month and the quarter for stocks.Russell 2000 is trading at the 52-week highThe Russell-2000 of small-cap stocks are doing the best of the major US indices today with a gain of 0.89% and in the process is...
AUDUSD rebounds higher after dump lower runs out of steam and snaps back higher.
The AUDUSD is snapping back to the upside helped by lower yields. The Michigan inflation expectations came in lower which tilted yields back to the downside, and that is helping to weaken the USD including the AUDUSD. Technically, the price is trying to extend back...
Sam Bankman-Fried sentenced to 25 years in prison
courtroom sketch of Sam Bankman Fried todaySam Bankman-Fried has been sentenced to 25 years in prison by Judge Lewis Kaplan of the Southern District of New York:"It is the judgment of the court that you are sentenced to 240 months then consecutive 60 for a total of...
KC Fed March manufacturing index -9 vs +3 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,...
Gold is on track for the first ever close above $2200
Gold weeklyThese are heady days in the gold market.Despite some US strength and hawkish comments from the Fed's Waller today, gold is a standout performer, up $20 to $2213.If gold can hold onto most of those gains, today will mark the first ever daily close above...