Nasdaq Comp dailyThe Nasdaq is lagging, down about 1.6% as we wait for Nvidia earnings. Chipmakers are near the bottom of the charts as they will trade in-line with NVDA tomorrow but Starbucks, Netflix and Tesla are also notable laggards. One that's worth highlighting...
Sterling takes a break after three-week rally
GBPUSD dailyIt's been a sensational run for the pound over the past three weeks, culminating in a two-year high yesterday. Profit taking is the theme today with GBP/USD down 80 pips to 1.3174.Kier Starmer yesterday highlighted 'painful' choices that need to be made in...
US sells 5-year notes at 3.645% vs 3.642% WI
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,...
BOJ maintains rate hike outlook despite yen surge — MUFG
USDJPY dailyMUFG highlights that the Bank of Japan (BoJ) continues to signal potential rate hikes despite recent yen strength, with rising front-end yields expected to limit yen selling appetite.Key Points:BoJ's Stance: The BoJ has not shifted its monetary policy...
Fixed income market quiet ahead of today’s five-year auction
US 5 year notes dailyToday we get the second in a trilogy of Treasury auctions this week. It's a $70 billion sales of five-year year notes due at the top of the hour.Yesterday the market was anxious about a two-year sale but it went surprisingly well and there was a...
Italy plans to confirm it will bring deficit-to-GDP below 3% in 2026
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,...
Bitcoin down 5% in the third day of selling
Bitcoin made some headway last week as it broke out of a consolidation patter and looked well on its way to recouping the July-August losses. But the mood changed early this week and it's been steady selling, culminating in a 5% loss today.BTC dailyThe drop in bitcoin...
European equity close: Broad but modest gains, the DAX nears all-time high
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,...
Nasdaq extends losses as the angst builds ahead of Nvidia earnings
Nasdaq dailyAlright, alright, alright... enough about Nvidia already.Shares of the company are down 4% and the Nasdaq is down 1.4% in a move that's gone in lockstep. The options market is pricing a +/- move of 9% in NVDA shares when earnings are reported after the...
The next big debate is how low US interest rates will go
Here is a handy chart from Apollo showing what's priced in for US and Eurozone overnight rates.The dotted lines show the market-derived forecasts while the solid lines shows some valuable historical context.We know rates in the US are going to be cut in September and...
EIA weekly crude oil inventories -846K vs -2265K 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,...
Market dynamics in focus: Navigating through green and red zones
Stock heatmap by FinViz.com Wed, 28 Aug 2024 13:46:10 GMTInsights into Today's Stock Market: A Palette of Mixed PerformancesToday's stock market offers a vibrant mix of advances and retreats across various sectors, presenting a complex landscape for traders and...
US markets set to open slightly lower
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,...
SMCI falls more than 9% pre-market on 10-K delay
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,...
Gold (XAU/USD) and Silver (XAG/USD) Drift as US Dollar Pares Recent Losses
Gold (XAU/USD) and Silver (XAG/USD) Analysis and ChartsGold remains positive in the coming weeksSilver’s technical break higher remains in place. Recommended by Nick Cawley Get Your Free Gold Forecast Get My Guide The US dollar Index (DXY) is around 0.4% higher in...
Gold is down more than 1% on the day
Gold briefly touched the recent highs around the 2530 level in the Asian session but eventually erased all the gains made this week and extended the drop below the 2500 level. This is mostly noise as there has been no catalyst for such a move. We can see in the 1 hour...
Top Commodities to Watch in 2024: Gold, Oil, and Others
As we progress through 2024, the commodities market is emerging as a key area of interest for investors seeking to diversify their portfolios and hedge against inflation. With insights from Kar Yong Ang, a financial analyst at Octa broker, we explore the most...
Heads up: Nvidia to report Q2 earnings after the US close
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,...
The basis trade remains an accident waiting to happen
There is more than one Fed put.Early this month, I wrote about the one that saved equity markets. It's also one that backs the real economy and is the one that 99% of financial commentary is written about, particularly lately.What worries me is the other one: It's the...
Bangkok Awaits! iFX EXPO Asia Only Weeks Away
The final countdown to iFX EXPO Asia 2024 is officially in full swing as one of the world’s leading B2B online trading and fintech events is just around the corner, ahead of its return to Thailand. Excitement is already building as the expo, now in its third year in...