The AUDUSD has traded down and up and is back down this week. On the run higher, the buyers had their shot to run higher with the move back above a key swing level at 0.65229, and the 100-day MA at 0.65298. However, that move failed, and the buyers have turned to...
Richmond Fed Pres Barkin: Need to see more data to build confidence in inflation falling
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,...
More from Mann: A srop in services inflation could persuade me to vote to hold
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 equity close: France leads with a moderate gain, UK lags
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 Q1 GDP now unchanged at 3.4%
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,...
USDCAD moves higher after basing @ MA target. The buyers extended but that too is failing.
The USDCAD fell in early trading today and tested and held support against its 200-hour moving average at 1.34488. The subsequent rise of the price above the 100-bar moving average on 4-hour chart 1.3462, the 200-day moving average at 1.3477, and the 100-hour moving...
ECB’s Lane: We need to be further along in the disinflation
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 hits new 2024 high, and moves away from 38.2% retracement
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,...
Oil Retreats, Gold prices ease while Palladium drops to a 5-year low
Last week, commodity indexes experienced notable declines primarily due to a sharp drop in oil prices. Additionally, hawkish statements from the Federal Reserve ruling out a March rate cut contributed to the downward pressure, strengthening the US Dollar in the...
BOE’s Mann: My vote to hike was a “finely balanced” decision
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 December wholesale sales +0.7% vs +0.2% 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,...
GBPJPY Analysis: Economists Continue to Predict a Hawkish BOJ in 2024!
The Japanese Yen loses steam after seeing significant gains up to the first week of February. The Yen struggles after weaker economic data. According to analysts, the decline in demand for the Yen is due to a more hawkish Fed than previously expected. Demand for the...
Yellen: It’s obvious there will be losses and stress in commercial real estate
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,...
Major indices open little changed. S&P sniffs 5000. Dow and S&P come off record closes.
The major US stock indices are opening little changed a day after the S&P and Dow industrial average closed at new record highs and the NASDAQ index rose near 1%. The S&P index is sniffing the 5000 level. Yesterday sellers leaned against the level and were...
US equities set to open slightly lower. Eyes on 5000
S&P 500 futures are down 3 points after touching a record yesterday. Eyes are on the 5000 level, which is incredible to think about after the 666 low in the financial crisis.Yesterday's close to was 4995.At the moment, rising oil prices and yields are a headwind...
Kickstart the FX trading for Feb 8. with technical look at the EURUSD, USDJPY, and GBPUSD
The USD is moving higher in early US trading (and for the day). In the kickstart video, take a look at the three major currency pairs - the EURUSD, USDJPY and GBPUSD from a technical perspective and outline the bias, risk, and targets for each. What is the roadmap for...
How to Become Successful in Trading Online?
How do you succeed in online trading?Succeeding in online trading requires a combination of knowledge, strategy, and emotional control. The digital age has opened up new avenues for traders to participate in various financial markets. However, with accessibility comes...
Fed’s Barkin cautions that economic data around the turn of the year can deceive
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 218K vs 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,...
What is the Best Trading Strategy?
When it comes to trading, there isn't a one-size-fits-all strategy that guarantees success. A myriad of factors such as personal risk tolerance, investment goals, market conditions, and even psychological traits must be considered when choosing a trading strategy. In...