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,...
Barclays says Valentine’s Day flower spending down 16% from previous year
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 14 Feb:Mkts rebound from yesterday’s move.USD/rates lower.
As the day comes to an end the CPI data from yesterday is in the market's rear view mirror. There is no fear. Chicago Fed President Goolsbee expressed his opinion along those lines. He remarked that even if inflation rates are slightly higher, they still align with...
More from Fed’s Barr: January data was stronger for both jobs and inflation
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 Thursday, 15 February: RBA Bullock speaks, Australia jobs report
It's the 15th of the month, which normally brings us the People's Bank of China Medium-term Lending Facility (MLF) rate setting. With China on holiday though this is expected to be on the 18th this month. What we do have is Reserve Bank of Australia Governor Bullock...
Trade ideas thread – Thursday, 15 February, 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,...
Fed’s Barr says need to continue to see good data before beginning to cut rates
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,...
There is a full slate on Thursday’s US economic calendar
Right now the market only cares about the most-recent economic data release and that means tomorrow's full slate of data could re-write the script a few times.The highlight will be the January US retail sales report. There's always a hangover from holiday spending but...
Nasdaq tests high for the day. Up nearly 1%
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,...
Let’s say the Fed doesn’t cut at all this year…
The market is currently pricing in 96 basis points of easing in 2024, or roughly four quarter-point cuts. Let's say the Federal Reserve doesn't cut rates at all, what would happen to markets?Now obviously the market likes lower rates because cheaply borrowing and...
WTI crude oil futures settle at $76.64
The price of WTI crude oil futures are settling at $76.64. That's down -1.23% or -1.58%.The high-priced today reached $78.77. The low price extended to $76.64.Technically, the price fell below its 100 and 200 day moving averages today at $77.94 and $77.38. Stay below...
The AUDUSD is rebounding today after bouncing of key support target near 0.6445.What next?
The AUDUSD fell sharply yesterday, and that selling continued in the Asian session today. However after reaching into a key swing area between 0.6445 and 0.6455, momentum slowed, the price bottomed and a rebound was started.That move has now taken the price of...
Central banks are going to face a housing connundrum
AI imageThe big problem in Tuesday's CPI report was shelter and it could remain the big problem for years.About two-thirds of January inflation rise was from shelter and that component was also a key driver during the post-pandemic period. At that point, it was...
The US is worried about a new Russian military capabilty – report
House Intelligence Committee Chair Mike Turner is warning all members of Congress about "a destabilizing foreign military capability" and has released classified intelligence to all members of Congress.Turner said in a statement: "Today, the House Permanent Select...
Treasury Secretary Yellen: It’s a tremendous mistake to focus on minor fluctuations in CPI
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’s winning streak in jeopardy of ending as prices tumble below moving averages
Crude oil is on pace to break it seven day win streakCrude oil prices today marked a new high for February, reaching $78.74, which exceeded the 38.2% Fibonacci retracement level of the downward move from the September peak at $78.15 (see chart above). This surge...
Treasury yields slide but the US dollar is reluctant to follow
EUR/USD is at the highs of the day, up 23 pips to 1.0723 but otherwise, the US dollar is struggling to find traction.That will be something to keep an eye on because Treasury yields are at the lows of the day across the curve, including a 5.5 bps dip in 10s to 4.26%....
Sellers keeping in control in the GBPUSD. Stay below the 200 day MA, but work to do.
The GBPUSD moved lower earlier today on the back of modestly lower CPI data. The price ultimately moved below its 200 day moving out of 1.25625. It also fell below a swing area between 1.2558 and 1.25715. Stay below those levels tilts the bias in the favor of the...
Bailey: Staff believe we’re about 70% through the transmission of monetary policy
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Fed’s Waller: One lesson from 2020 is that forward guidance should be more flexible
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