Maybe the CPI report wasn't a game-changer after all.Equities largely recouped the CPI gains yesterday and now the US dollar is doing the same. The euro is now just 10 pips below where it was before the hot US inflation report.EURUSD 10 minsMeanwhile, the New Zealand...
Broader indices are mixed. Dow higher to start the trading day.
As the US trading gets underway for the respective indices, the results are mixed. The Dow industrial average is higher as is the S&P index. The NASDAQ index is trading above and below unchanged. A snapshot of the market eight minutes into the open is showing:Dow...
China is turning towards socialist ideals to shore up housing – report
China is considering two new programs to shore-up the property market, according to a new report from the Wall Street Journal:One involves the state buying up distressed private-market projects and converting them into homes that the government would rent out or, in...
US January industrial production -0.1% vs +0.3% 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,...
Kickstart FX trading for February 15 w/ a technical look at the EURUSD, USDJPY and GBPUSD
As the North American session gets underway, the US dollar has started to move lower after the weaker than expected retail sales. In this video, I take a look at the three major currency pairs - the EURUSD, USDJPY and GBPUSD from a technical perspective. What are the...
The US dollar has given back most of its CPI gains
I'm not a big fan of the dollar index but the chart is in an interesting spot right now. The dollar fell after soft retail sales and it edged below the 61.8% retracement of the sharp gain after CPI.US dollar index dailyDe-aggregating the the dollar moves, the...
BOE’s Greene says wants to see more signs that persistence in inflation not embedded
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 January import prices +0.8% versus 0.0% 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,...
Philly Fed February business index +5.2 vs -8.0 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 212K versus 220K 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,...
US January retail sales -0.8% vs -0.1% expected
US retail salesDetails:Ex-autos -0.6% versus +0.2% expected. Prior ex-autos +0.4% Control group -0.4% versus +0.3% expectedPrior control group +0.8% (revised to +0.6%) Retail sales ex gas and autos -0.5% s +0.6% prior Coming into this report, retail sales were higher...
US Empire manufacturing Index for February -2.40 vs. -15.00 estimate
Empire fed manufacturing index reboundsPrior month -43.70 (lowest reading since May 2020 at the height of the pandemic.Details:New orders -6.3 versus -49.4 last monthShipments 2.8 versus -31.3 last monthPrices paid 33.0 versus 13.2 last monthPrices Received 17.0...
Strap in, we’ve got a busy day of economic data ahead
Today's US retail sales report is the highlight but it's not the only event on the economic calendar, with four other US releases to come at the same time and a couple more later.08:30 - NY Fed Manufacturing (Feb)Expected: -15.0008:30 - Import Prices MM (Jan)Expected:...
ForexLive European FX news wrap: Dollar question marks ahead of more US data
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,...
Dollar’s post-CPI advance under threat ahead of retail sales
After the US CPI data on Tuesday, the dollar ran hot and was strongly bid across the board as both stocks and bonds fell. But since then, there was no real follow through and not surprisingly so I would say. As mentioned here, the next leg higher for the dollar might...
Letting Losses Grow
The concept of "letting losses grow" is a common pitfall in both investing and personal finance management. It refers to the tendency of individuals to hold onto losing investments or poorly performing assets with the hope that they will rebound, rather than cutting...
Introduction to Ichimoku Charts
Ichimoku Kinko Hyo, or Ichimoku for short, is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price movements. It was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s after 30 years...
European Commission slashes euro area 2024 growth forecast
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,...
Eurozone December trade balance €16.8 billion vs €21.5 billion 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,...
What can traders expect during 2024’s year of elections?
· 2024’s ‘year of elections’, with half of the world’s population going to the polls, expected to create opportunities for traders· Analysis of Plus500 OTC data from previous elections shows that indices and forex pairs are likely to be in focusWith 2024 being...