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...
USDCAD continues its ups and downs and returns to support.
The USDCAD is keeping the ups and downs going today which is the pattern for the week as well. At the highs today, the price moved into a swing area between 1.3605 and 1.36269. After rotating lower, the last few bars on the 4-hour chart below have seen the price...
Sam Bankman-Fried learns his fate today. Ominous signs in early comments from the judge
Sam Bankman-Fried arrived in court for his sentencing hearing today and could be facing what is essentially a life sentence.Judge Lewis Kaplan of the Southern District of New York will decide his fate. Prosecutors have asked for 40-50 years, which will essentially be...
USDCHF tests a cluster of support as buyers take profit. Can support area hold?
The USDCHF is correcting lower in early US trading and in the process is back down testing the:Broken 38.2% on the daily chart at 0.9025.100 hour MA at 0.90167Swing level at 0.9020A move below the area would open the door for more corrective price action after the run...
US February pending home sales +1.6% vs +1.5% expected
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US March UMich final consumer sentiment 79.4 vs 76.5 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 stocks mixed in early trading
The major US stock indices are trading mixed at the US open. The flow of funds is more into the Dow with the S&P near unchanged and the Nasdaq down marginally. The small-cap Russell 2000 index is also higher. Recall from yesterday, the S&P index closed at a...
Kickstart the FX day for March 28 with a technical look at the EURUSD, USDJPY and GBPUSD
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US equities open flat, energy threatens a breakout
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Canadian dollar climbs after stronger January and February GDP
USD/CAD fell about 20 pips on a strengthening Canadian dollar following upbeat numbers on January and February GDP.Canada's economy grew 0.6% in January 2024 in the best monthly gain in a year. That follows a series of flat-or-negative numbers stretching over the...
US initial jobless claims 210K vs 212K estimate
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US Q4 GDP final reading +3.4% vs +3.2% expected
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Canada January GDP +0.6% vs +0.4% expected
Prior was 0.0%Services industries +0.7%Goods producing +0.2%Manufacturing +0.9%, led by transportation equipmentFebruary advance Canadian GDP +0.4%Full reportCanadian GDP got a boost from educational services (+6.0%) after a teachers' strike in Quebec ended in...
Japan PM Kishida: Won’t rule out any steps to respond to disorderly FX moves
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Full slate of economic data coming up as North America nears the holiday
It's a strange week in the market in that the highlight comes on Friday, which is of course Good Friday and a holiday in stocks, bonds and futures markets.However we get some potentially market moving economic data today as well, starting at the bottom of the hour...
Japan PM Kishida: We are still half way in completely emerging from deflation
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ForexLive European FX news wrap: Dollar nudges higher, gold on the move
Headlines:Markets:USD leads, AUD and NZD lag on the dayEuropean equities mildly higher; S&P 500 futures down 0.1%US 10-year yields up 2.4 bps to 4.220%Gold up 0.8% to $2,212.35WTI crude up 1.3% to $82.47Bitcoin up 2.7% to $70,730The session started off with a...
Gold continues to knock on the door of the $2,200 level
Gold (XAU/USD) hourly chartThe precious metal is staying poised in trading today despite the dollar also sitting higher on the session. After hitting record highs last week, gold buyers have found it a bit tough to contest the $2,200 mark again so far. But we're...
The US Dollar Strengthens As Economists Believe The ECB Will Struggle To “Hold”
Early this morning, the Fed Governor advised “there is no rush to cut rates” and “the data within the upcoming months” will be vital. The US Dollar Index rises to a 1-month high. The value of the USD will largely be based on today’s data on economic growth, consumer...
ECB’s Panetta: The conditions to start easing monetary policy are materialising
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