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,...
China’s hefty rate cut is expected to provide an only marginal net stimulus to the economy
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,...
Australian data: Westpac Leading Index (January) -0.08% (prior -0.04%)
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,...
Reuters Tankan report for February shows a drop for services, slump for manufacturing
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,...
Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average
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,...
New Zealand data – Q4 PPI rises
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,...
UBS has raised it year-end S&P 500 target to 5,400
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: Canadian CPI cools, US dollar does a round trip
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 close the day in the red to start the holiday shortened week
The major US stock indices are closing in the red to start the holiday-shortened week. The declines were led by the Nasdaq but the closing levels are closing near the midpoint of the days trading range after dip buyers reentered at lows. Looking at the closing...
Economic calendar in Asia Wednesday, 21 February 2024 –
The data point of most note today is that for wages in Australia, the Q4 2023 Wage Price Index (WPI). The WPI is the benchmark measure of wages growth in the country. In Q3 the 1.3% q/q jump was on the back of the Australian Fair Work Commission’s decision to raise...
Trade ideas thread – Wednesday, 21 February, insightful charts, technical analysis, ideas
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,...
NZDUSD backs off highs to retest a key short term retracement level
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,...
The picture is dimming for the Canadian dollar
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 for April delivery settles at $77.04
The price crude oil is settling at $77.04. That's down $1.42 or -1.82%. The high price reached $78.56. The low price reached $76.80.Technically the price is trading between at 100 and 200 hour moving averages. Those levels come between $77.52 for the 100-hour moving...
Bitcoin tries the upside and downside but seems stuck to $52,000
Bitcoin is essentially flat today but the post-holiday price action wasn't subdued. Earlier, it looked like it could be breaking the week-long range to the upside as it touched $52,980. However the big round number held and the sellers appeared as broader tech sank....
GBPUSD high today stalls at the MA resistance and reverses. What next?
Today, the GBPUSD pair experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same...
Canada CPi reactions: Weak consumption is finally starting to impact pricing
The Canadian dollar is softer today after a CPI surprise. The monthly inflation report showed prices up 2.9% y/y compared to 3.3% expected. It's a welcome relief for Canadians but will it change the path for the Bank of Canada? Markets are currently pricing in a 24%...
Canada’s Trudeau says he’s optimistic the Bank of Canada will cut rates this year
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 tells allies that Russia may put a nuclear weapon in space in 2024
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,...
EURUSD buying stalls. The price moved back between 100 bar MAs below and 200 bar MAs below
The EURUSD buying seen earlier in the day has stalled and in the process, the price has now rotated back below the 200-day moving average at 1.08252. Moving back below the moving average is a disappointment for the buyers on the break.The decline has but the price of...