AI imageThe Minutes of the January 30-31 FOMC meeting are due at the top of the hour. In general, trading the FOMC Minutes is a walk through a minefield because the newswire headlines don't always match the text, or they don't capture the full flavor of what was said....
Fed’s Bowman: The time for lower rates is certainly not now
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 sells 20-year bonds at 4.595% vs 4.562% WI
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,...
Comments from the Fed’s Bowman coming up next
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,...
Nasdaq index trades to toward session lows
The Nasdaq index is tracking toward the 38.2%/200H MA.The tech-heavy NASDAQ index is trading near session lows. Those laws came in at 15495.54. The current price is trading at 15504, down -127.30 points or -0.81%. Looking at the hourly chart, the price is approaching...
US treasury to auction off $16 billion of 20 year bonds at 1 PM ET
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 moves to new session highs. Moves above swing area
USDJPY moves to new session highsThe USDJPY is moving to new at session highs, and in the process as extended above the swing area between 149.70 and 150.158. Yields in the US have turned around and are now higher on the day. The two year yield is at 4.642% up 3.0...
Crude oil trades to a new session high
Crude oil trades above the 100 hour MAThe price of crude oil has moved to a new session high. That level is now reached $77.89, and in the process has moved above the 100-hour moving average at $77.52. Stay above that moving average would tilt the bias more to the...
Will the neutral rate of interest rates go up? Minneapolis Fed research thinks not…
Are higher interest rates here to stay? The Minneapolis Fed research analysts argue that the fundamental forces keeping neutral interest rates low in the long run remain. Some of the highlights:Rising Interest Rates: Central banks globally have increased interest...
ECBs Wunsch: May be too early to get hopes up on rate cuts
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,...
AUDUSD trades between 200 bar MAs above & 100 bar MAs below. Traders wait for the shove.
The AUDUSD moved up yesterday, and in the process moved above the 200 day MA and the 50% midpoint of the range of trading since the October low. However, sellers leaned against the 200 bar MA on the 4-hour chart (currently at 0.6577). Today, the press initially moved...
USDCAD trades lower after key target resistance at the 50% stalls the rally.
During the Asian and early European trading sessions, the USDCAD pair saw an upward movement, inching closer to a significant technical level. This level is the 50% retracement of the fall from the October 2023 high to the December low, identified at 1.3537. The...
EU Consumer Confidence for Feb (Flash) -15.5 vs -15.6 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 stocks open lower ahead of Fed minutes and Nvidia earnings
The major US stock indices are opening lower with the NASDAQ index leading the way. The market awaits the Fed minutes at 2 PM ET followed by probably the most important release for the week, Nvidia earnings after the close. Shares of Nvidia are currently down -1.5%...
The USDCHF remains above the 100 day MA and 50% retracement. Key support at 0.8785.
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,...
BOE’s Dhingra: UK consumption remains below pre-pandemic in contrast to US and eurozone
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 forex day with a technical review of the EURUSD, USDJPY and GBPUSD
The EURUSD tried to extend below it 100-day moving average 1.07959, but could not sustain downside momentum. As a result, the pair is trading back between its 100-day moving average below 1.07959, and it 200-day moving average 1.08248. That is a neutral technical...
Another light day on the US economic calendar with eyes focused on Nvidia
AI imageWelcome to Wednesday.Yesterday's trading was surprisingly volatile given the lack of news on the calendar so I wouldn't rule anything out today. That said, there once again won't be much to digest today.In terms of data, there's nothing from there US but we do...
Canada January new housing price index -0.1% vs 0.0% 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,...
Fed’s Barkin: The big picture of US data on inflation and jobs has been remarkable
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,...