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,...
AUDUSD sellers making the “best” play for control technically with work to do.
The AUDUSD can get a boost higher on risk on flows from higher stocks, and it can be sold on the back of higher rates (higher USD). Today, we are seeing higher US stocks and higher rates which has helped to cause volatility in the AUDUSD pair today. Having said that,...
S&P, NASDAQ spike to new highs: A technical market update
The broader US stock indices are moving to new session highs with the S&P trading up 1%. The NASDAQ and is up 1.25%.Looking at the hourly chart of the S&P index above, last week the low price based against swing lows from February 27 to February 29 near...
OPEC sticks to forecast for strong demand growth this year
Oil prices have rebounded from earlier losses and are trading up $0.54 to $78.46. Crude had traded as low as $77.34 in the aftermath of the CPI report but everything is bid in the past hour.Helping oil along was the latest OPEC report. There was speculation they would...
US equities soar as the AI trade resumes
There is no fear of another round of Fed hikes in the stock market.Rather than fretting about higher rates, the market appears to be cheering on an economy strong enough to withstand higher prices (and better margins). It's AI once again leading the way in perhaps a...
USDCAD moves higher but runs into moving average resistance targets
The USDCAD extended higher today helped by the US CPI, but the price action reached out for its 100 bar moving average on the 4-hour chart at 1.35199, and its 100-day moving average at 1.3537. Also in that area is the 50% midpoint of the move down from the November...
The breadth of US inflation pressure narrowed – RBC
The US inflation report today was hot but the market has struggled to parse it. The core reading rose 0.4% month-over-month compared to 0.3% expected but a closer look shows it rose 0.358%, just barely above the rounding cutoff. The Fed’s preferred core measure –...
CIBC: Analyzing the implications of February’s US CPI report for the Fed
CIBC discusses the latest US CPI data for February, highlighting that the report, while above consensus, does not necessitate alarm regarding inflation trends. Core CPI increased by 0.4% for the second consecutive month, surpassing consensus predictions of a 0.3%...
Stocks trading marginally higher as markets digest the implications of CPI data
The major US stock indices are trading marginally higher/mixed. The Dow industrial average is trading above and below unchanged. The S&P and NASDAQ index are coming off early at session highs. A snapshot of the market eight minutes into the open is currently...
USDCHF buyers make a play after the US CPI data. Can they keep the momentum going?
The price action in the USDCHF has seen up-and-down volatility after the US CPI report. On the downside, the price did extend briefly below its 100-day moving average at 0.8754. Recall from yesterday, the price bounced off of that moving average at session lows....
Kickstart the FX trading day for March 12 with technical look at EURUSD, USDJPY & GBPUSD
The USD moved higher initially after the US CPI data came in higher-than-expected, but gains in the greenback have been pared back. In this video, I take a look at the three major currency pairs - the EURUSD, USDJPY and GBPUSD - from a technical perspective and...
US dollar is all over the place after a hot CPI reading
The US dollar has made three separate moves after today's US inflation report showed prices rising faster than anticipated. The first move was a 40-60 pip jump in the dollar as core CPI rose 0.4% compared to 0.3% expected in February.However that move lasted only...
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Learn swing trading: Anticipating vs. executing moves
Swing trading offers an exciting route to navigate the market's ups and downs, aiming for profits over days to weeks. Yet, grasping the difference between anticipating a move and jumping into action is key. Inspired by the rich insights of a trading strategy video,...
US dollar moves higher after CPI. Stocks dip. Yields up modestly
After the higher-than-expected core CPI (0.4% versus 0.3%,, the US dollar initially moved higher. US jobs have given up some other gains versus the broad indices. The NASDAQ is still up 56 points. The S&P is still up 5.81 points. The two-year note has moved up...
US February core CPI 3.8% y/y versus 3.7% y/y 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,...
ForexLive European FX news wrap: Dollar keeps steady ahead of CPI showdown
Headlines:Markets:CHF leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields down 0.8 bps to 4.096%Gold down 0.5% to $2,171.23WTI crude up 0.3% to $77.80Bitcoin up 0.1% to $72,200It was a relatively quiet session and...
GOOG stock technical analysis
Hey investors and traders, it's Itai Levitan here, diving into Google's stock as of May 12th, pre-market, but also looking well at Alphabet's stock well beyond today. Within the GOOG stock technical analysis video below, we're seeing a sweet re-entrance into the...
USDCAD Technical Analysis – Key levels in play ahead of the US CPI report
USDThe Fed left interest rates unchanged as expected at the last meeting and dropped the tightening bias in the statement.The US PCE came in line with expectations.The NFP report beat expectations on the headline number, but the unemployment rate and the average...
USD/JPY consolidates after earlier nudge higher, awaits US CPI data
The pair caught a bid in Asia trading earlier today, following remarks from BOJ governor Ueda. He failed to provide any clues about an imminent policy change next week and that sort of disappointed yen bulls a little. USD/JPY moved up from 146.90 to 147.30-40 levels...