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,...
Market rally led by tech and consumer cyclical giants: Nvidia and Amazon soar
Stock heatmap by FinViz.com Mon, 09 Sep 2024 13:46:10 GMTDynamic Gains in Technology and Consumer CyclicalsDiving into today’s market activity reveals a robust uptrend led by the technology and consumer cyclical sectors. Powered by standout performances from tech...
Solid starts for the major indices after declines last week
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 FX trading day for Sept 9 w/a technical look at the EURUSD, USDJPY & GBPUSD
Friday employment day in the US, led to volatile up and down price action in the major currency pairs. Today, the USD is trading higher (EURUSD and GBPUSD are lower while the USDJPY is higher) but the greenback is coming off highs. In this video, I look at the...
The price action in stocks reminds me of 2007
A few equity indexes are starting to look like this chart, from 2007.Back then the problems in US housing were starting to mount and in July/August we got a sharp selloff in stocks, including 7% in the S&P 500. Then, it recovered to touch a marginal new record...
The bond market signals that a jobs tipping point is inevitable
Jim Reid at Deutschebank makes a great point in a note today. He illustrates that US unemployment has risen to 4.2% from 3.4% almost entirely due to people entering or re-entering the labor force.Then goes on to warn that it can quickly change to something...
A lighter US economic calendar is a chance to focus on China woes
Xi JinpingThe Fed is in the blackout period until after the FOMC decision and the US economic calendar is light today, featuring only wholesale inventories and employment trends.That will give the market a chance to catch its breath after a hectic week to start the...
The CAD is the strongest and the JPY is the weakest as the NA session begins
The CAD is the strongest (closely followed by the USD) and the JPY is the weakest as the North American session begins. Stocks are higher and yields are also higher, reversing some of the declines from Friday (last week). It is the day after the US jobs report which...
NHC warns of risk of life-threatening storm surge for Louisiana and upper Texas
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,...
Dutch Econ Affairs Ministry to review Draghi report and supports cutting regulatory burden
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 European FX news wrap 9 Sep – The US Dollar extends gains
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,...
BofA downgrades energy to market weight from overweight in US equity strategy
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 Xi urges stronger ties and fair business environment with Spain
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,...
German Finance Minister backs Draghi’s growth focus but not joint EU borrowing
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,...
Sentiment continues to improve through the session
Sentiment has continued to improve the deeper we've gone through the early EU session. Equity futures have built on their early morning gains, and commodities like copper continue to grind higher.News flow has been very light on the fundamental side, but markets are...
USDCAD Technical Analysis – A better than feared NFP boosted the USD
Fundamental OverviewThe USD last week came under some more pressure as a series of soft US data pushed Treasury yields lower. The NFP report on Friday wasn’t bad though, on the contrary, the data under the hood was better than the prior month. That helped the...
Draghi urges EU to boost spending by €750B and calls for joint debt issuance
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 seeks public input on carbon trading plan for cement steel and aluminium sectors
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,...
NHC warns of potential surge and hurricane winds to Louisiana and Texas
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,...
USDCHF Technical Analysis – The NFP report was better than feared
Fundamental OverviewThe USDCHF pair eventually dropped to a new low as a series of soft US data pushed Treasury yields lower giving the CHF a boost. The NFP report on Friday wasn’t bad, on the contrary, the data under the hood was better than the prior month....