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 indices closing mixed 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,...
US treasury auction off 3, 10, and 30 year coupon issues next 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,...
NZDUSD stalls the rally today at the 200 hour MA
The NZDUSD moved higher earlier today, and in doing so, moved above the 100-hour moving average at 0.6209. The momentum price up-to-date 200-hour moving average of 0.62252. Getting above that moving average would have given the buyers more control. However, instead...
Weekly US crude oil inventories -6.873M vs -0.993M 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,...
Crude oil is trying to rebound. The high price extended back above the $70 level
Crude oil prices are trying to rebound today with the price currently trading at $70 up $0.80 or 1.15%. The high price extended to $70.54. The low price was at $69.17. OPEC+ decided to delay the October output increase which was rumored yesterday.At the TOP of the...
USDCAD waffles above and below the 100 hour MA today. Traders await await the next shove.
The Bank of Canada cut rates by 25 basis points yesterday, but despite that cut, the CAD strengthened vs the USD (USDCAD lower). The move lower in the USDCAD cracked below the 100-hour moving average currently at 1.35136, but could not sustain downside momentum to the...
US August ISM services 51.5 vs 51.1 expected
Business activity index 53.3 versus 54.5 priorEmployment 50.2 versus 51.1 priorNew orders 53.0 versus 52.4 priorPrices paid 57.3 versus 57.0 priorSupplier deliveries 49.6 versus 47.6 priorInventories 52.9 versus 49.8 priorBacklog of orders 43.7 versus 50.6 priorNew...
OPEC+ agrees to delay October oil output increase – report
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,...
Three reasons why the ISM services index has become an unreliable indicator
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 August final S&P Global Services PMI Aug 55.7 vs 55.2 prelim
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,...
Broader US indices bouncing to the upside
The market is transitioning today with the NASDAQ index rising while the Dow industrial average falls. The S&P is also higher but less so versus the Nasdaq.Nine minutes into the open,: Dow industrial average -142.87 points or -0.35% at 40832.11S&P index up...
Canada August S&P Global Services PMI Aug 47.8 vs 47.3 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,...
USDCHF bounces back higher in an down/up start to the NA session, but buyer have more work
The price of the USDCHF moved lower after the weaker than expected ADP employment report, but found support near a target at 0.84315. The initial jobless claims and the productivity/unit labor costs data reversed the price back to the upside. Although off the lows,...
US stocks set for a flat open as we count down to non-farm payrolls
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 5 w/a technical look at EURUSD, USDJPY and GBPUSD
In the Kickstart video for September 5, I take a look at the three major currency pairs from a technical perspective - the EURUSD, USDJPY and GBPUSD. The dump of data this morning gave a mixed picture with the ADP employment change coming in below 100K the first time...
Gold climbs $25 in a fresh challenge to all-time highs
gold dailyGold is shining again today, up $25 to $2519 in a quick recovery after a three-day decline that ended Tuesday.It's an impressive bounce that runs counter to recent seasonal weakness in Sept/Oct. There is a sense that China is behind the buying, particularly...
US Q2 unit labor costs +0.4% vs +0.8% 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,...
US initial jobless claims 227K vs 230K estimate
Prior week 231K revised to 232Kprior week continuing claims 1.868Minitial jobless claims 227K versus 230K estimate4-week moving average of initial jobless claims 230K vs 231.75K last weekContinuing claims 1.838M versus 1.865M estimate4-week moving average of...
Canada Q2 labour productivity -0.2% vs -0.3% 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,...