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: US dollar firms further and risk rebounds
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,...
Economic calendar in Asia 10 September 2024 – Chinese trade data for August
Chinese trade data is usually of interest. Expectations for the data today are for lower y/y result for both exports and imports. If exports come in as expected it'll be the slowest growth in 4 months. There was a narrative about that exports would surge ahead of...
Trade ideas thread – Tuesday, 10 September, 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,...
US equity close: Strong rebound after Friday’s rout
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,...
Bitcoin erases Friday’s decline in a surge above $56,500
Bitcoin was looking ugly on Friday as it broke down to $52,500 but the dip buyers stepped up on the weekend and are continuing to buy today as the risk trade improves.The rally to $56,700 is nearly back to Friday's high of $56,995 and that's going to offer some...
Mark Carney will head Liberal advisory task force
Former Bank of Canada and Bank of England leader Mark Carney is wading into politics. He's been rumored to be circling Justin Trudeau's Liberals for awhile and now he will chair a Liberal Party task force advising the government.He will advise on how to “develop and...
US July consumer credit outstanding +25.45B vs +2.0B 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,...
PXBT: Gold remains near record highs on the prospect of Fed rate cuts
· Why have Gold prices risen to record highs? · Federal Reserve rate cut expectations · Safe haven demand amid geopolitical uncertainty · Central bank buying · Trading Gold with PXBT Gold prices have been on a tear this year, rising for seven straight months. The...
The US Treasury is selling 3s, 10s and 30s this week
Eyes remain on the bond market this week as strengthening demand for safety runs into rising supply. The ability of the market to digest rates at the lowest levels of the year will be tested again this week with elections coming up over the next three days:Tuesday -...
Goldman Sachs: Cautious on tactical USD/JPY shorts near-term
USD/JPY dailyGoldman Sachs expresses caution on holding tactical long positions in the Japanese yen (ie short USD/JPY) in the near term, despite its attractiveness as a hedge against a slowing US economy and potential recession risks.Key Points:Conclusion:Goldman...
BofA: What we expect from this week’s ECB meeting
BofA anticipates the European Central Bank (ECB) will implement a 25 basis point (bp) cut to the deposit rate at its September meeting, with a modestly negative impact on the EUR due to unchanged guidance and weaker growth outlook.Key Points:Rate Cut...
Crude oil trades to new session high
Crude oil futures are trading to new session high, up $1.20 or 1.77% at $68.87.Looking at the hourly chart, the price is moving back toward the falling 100 hour moving average. That level comes in at $69.43. The price fell below that moving average on Friday, August...
NZDUSD bounces near retracement support target.Buyers lean against the 38.2% on first test
The NZDUSD continued its run to the downside in trading today after sharp declines on Friday helped by the risk-off sentiment on stock selling, and lower commodities. The down momentum continued today and carried the price down toward the 38.2% retracement of the move...
Atlanta Fed GDPNow growth estimate for Q3 comes in at 2.5%
The Atlanta Fed GDPNow growth estimate for Q3 growth rises to 2.5% from 2.1% last. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.5 percent on September 9, up from 2.1 percent on...
Major European indices close higher to start the trading day
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 tests a key support level defined by 38.2%, 100 day MA, and 200 bar MA on 4-hour.
The AUDUSD moved lower on Friday helped by risk-off sentiment from the tumble in US stocks. In trading today, selling has continued after a rise in the early Asian session. The fall has taken the price of the AUDUSD to a key technical support level defined by three...
New York Fed: 1 year inflation expectations unchanged at 3.0%.3-year up to 2.5% from 2.3%
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,...
USDCAD stays above key 4-hour MA. Buyers in control in the short term.
The USDCAD moved higher on Friday helped by weaker Canadian jobs report. The unemployment rate rose from 6.4% to 6.6%. That took the rate to the highest level since 2017 if you exclude the Covid spike from 2020/2021.Looking at the USDCAD, it moved above its 100 bar...
Citigroup CFO Mason: Feels good about consumer and corporate balance sheets
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,...