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,...
Comparing November FOMC statement to September FOMC statement
September 18November 07, 2024Federal Reserve issues FOMC statementFor release at 2:00 p.m. ESTRecent indicators suggest that economic activity has continued to expand at a solid pace. Job gainsSince earlier in the year, labor market conditions have slowedgenerally...
FOMC full statement for November 2024 meeting
November 07, 2024Federal Reserve issues FOMC statementFor release at 2:00 p.m. ESTRecent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment...
FOMC decision: The Fed cuts rates by 25 basis points, as expected
Federal ReserveA 25 basis point rate cut was fully priced inThe Fed removes the line "the Committee has gained greater confidence that inflation is moving sustainably toward 2 percent" Prior statement repeats that economic activity "has continued to expand at a solid...
Watch out for the risk of a less-dovish Fed
AI imageThe FOMC statement is due out at the top of the hour and Fed Chairman Jerome Powell will hold a press conference afterwards.A 25 basis point rate cut to a range of 4.50-4.75% is assured but what comes next isn't so the market will be looking for hints. In all...
Trump likely to keep Powell for the remainder of this term. Warsh and Hasset candidates
AI imageJerome Powell will remain Fed chair until May 2026, when his term ends. Trump likes to rant about the Federal Reserve but he's powerless to remove Powell anyway. There is some belief he could demote him to Fed Governor but that wouldn't take away his...
NZDUSD buyers take back some control to the upside. Can they keep it?
The NZDUSD moved above its 100 and 200 converged hourly MAs earlier today after breaking below it yesterday and staying below it on the corrective moves. That gave the buyers more confidence and the price moved higher. The run to the upside extended after breaking...
E-mini S&P reaches the 6000
E-mini S&P futures have extended to the 6000 level for the first time in history. That's up around 42 points or 0.72%.The 500 is up 0.67% also trading at a new record at 5969.20 currently. The NASDAQ index is up 250 points or 1.32% at 19233.65. It too is trading...
Freddie Mac: US and 30 year mortgage rises to 6.79%
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,...
European shares close the day mixed
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,...
S&P global: Trump unlikely to impose 10% blanket tariff and 60% tariff on Chinese goods
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 continues the record run to the upside. Up 1.3% on the 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,...
Atlanta Fed GDPNow 2.5% up from 2.4% last
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,...
ECBs Stournaras: If Trump does what he says on tarriffs, it will be negative for Europe.
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 testing 100/200 hour MAs at 152.89
The USDJPY is lower and in the process is down testing the 100/200 hour MAs at 152.89. Looking at the hourly chart, the 100 hour MA has been a barometer for support on the upside and resistance on the corrective move lower going into the election. Yesterday, the price...
AUDUSD runs up to key daily moving average. Key level at 200 day MA st 0.6691
The AUDUSD is moving higher today and technically made some positive stridesEarlier today, the price moved above its 200-day moving average near 0.66284. It also moved above a swing area near that level (see green numbered circles on the chart above). That break...
What to watch out for next in the stock market
Stock market analysis as SPX eyes 6000: Will the S&P 500 break through key resistance? 🚀The S&P 500 (SPX) is on a steady climb, testing a critical resistance level around 5936. Traders and investors are abuzz, speculating whether this market heavyweight will...
The Germany election could be good for the euro but it’s too early to say
EUR/USD dailyThe groundwork is being laid by European leaders to shift towards larger deficit spending. Yesterday, German Chancellor Scholz signalled a plan to have an election based on removing the fiscal break and elsewhere, politicians aren't shifting back to...
US wholesale inventories (revised) for September -0.2% versus -0.1% preliminary
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 continue moves to the upside. S&P and NASDAQ and new record highs
The major US indices are trading higher for the second consecutive day after the President Trump victory gives investors hope for more growth, more stimulus. The Dow industrial average which led the way yesterday however is trading above or below unchanged.A snapshot...