Fed Jefferson and Cleveland Fed Pres. Mester are both scheduled to speak, and both did not speak on the economy/policy in the prepared text.Of note is that Cleveland Fed Pres. Mester is retiring in June. As result, her comments (if she expresses them) are likely to be...
AP: Chinese regulators tell tech firms in China to buy fewer Nvidia chips
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 the FX trading day on May 13 w/a technical look at the EURUSD, USDJPY and GBPUSD
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,...
Why rent in the CPI report is so hard to figure out
The WSJ's Nick Timiraos wrote on the weekend about the puzzle around rent inflation, which is one-third of the CPI. It's stuck at 5.6% y/y and keeping overall inflation high.That number comes from a survey of 7000 tenants and synthesizes what a homeowner would pay to...
Canada March building permits -11.7% vs -3.3% 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,...
ForexLive European FX news wrap: The calm before the storm
Headlines:Markets:AUD, EUR, and GBP lead, JPY lags on the dayEuropean equities mixed; S&P 500 futures up 0.2%US 10-year yields down 2.3 bps to 4.482%Gold down 0.7% to $2,343.91WTI crude up 0.8% to $78.85Bitcoin up 3.6% to $62,650It was a quiet session and...
Gold futures technical analysis. I am waiting to go Long on Gold at 2337.5 to 2341.5
Gold futures technical analysis and my trade plan - watch the video below, gold traders and investorsAs I delve into the technical analysis of gold futures on the 1-hour time frame, my focus shifts towards identifying the most strategic buying opportunities and...
Forget about the win rate
“It’s not whether you are right or wrong, but how much you make when you are right and how much you lose when you are wrong”. This quote from George Soros sums up perfectly what trading is all about. Beginner traders don’t want to experience the pain of loss, so they...
UK PM Sunak reaffirms that election will be at some point later this 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,...
EURUSD Technical Analysis – The US CPI will likely set the trend
Fundamental OverviewLast Thursday, the USD weakened across the board following the weak US jobless claims figures where initial claims spiked to the highest level since August 2023. Now, jobless claims are notoriously volatile, so that could have been just a blip, but...
A June rate cut beckoning for the BOE?
In terms of market pricing, the first full 25 bps rate cut is currently baked in for August. But the odds of a June move are at ~54% currently. And for the year as a whole, traders are pricing in ~56 bps worth of rate cuts at the moment. So, what are the major banks...
FX stays more muted on the day
The euro is mildly higher but as the range for EUR/USD holds within 20 pips, it isn't really saying much. Besides, the pair is still keeping below its 200-day moving average of 1.0790 and the 1.0800 mark for now. The rest of the dollar pairs are also not showing much...
Top 10 Must-Have Technical Indicators for Australian Traders
The foreign exchange market, or Forex for short, is the world's largest financial market, with trillions of dollars being traded daily. For Australian Forex traders, navigating this dynamic environment requires a keen understanding of price movements and the ability...
Time for some profit taking ahead of the US CPI?
Last Friday, the University of Michigan consumer sentiment report surprised to the downside with a big drop from 77.2 to 67.4 while the consensus was expecting just a slight tick lower to 76.0. It's not yet clear which weighed more on the sentiment between inflation...
Market Outlook for the Week of 13 – 17 May
The week begins with a relatively quiet start on Monday with a focus on New Zealand's inflation expectations survey q/q. On Tuesday, the United Kingdom will see the release of the claimant count change, average earnings index 3m/y and the unemployment rate. Meanwhile,...
AUD/USD Forecast: Key Resistance Levels to Watch as US CPI Looms
Aussie Dollar (AUD/USD) AnalysisRisk sentiment props up AUD with US CPI data on the horizonUS CPI expected to redirect attention to the disinflation narrative after consecutive months of stubborn price pressuresAUD/USD reveals key resistance levels in the event CPI...
Market News – Stock markets traded mixed; Flat USD ahead of US CPI
Economic Indicators & Central Banks: Japanese government bond yields surged to multi years highs after the BOJ’s unexpected move to decrease the quantity of bonds it typically purchases during routine operations, signaling a more hawkish stance to the...
Gold Technical Analysis – All eyes on the US inflation figures
Fundamental OverviewLast Thursday, gold broke out of the recent range following the weak US jobless claims figures where initial claims spiked to the highest level since August 2023. Now, jobless claims are notoriously volatile, so that could have been just a blip,...
SNB total sight deposits w.e. 10 May CHF 468.9 bn vs CHF 473.2 bn prior
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 down slightly on the day, awaits US data for next move
Gold (XAU/USD) daily chartThe precious metal saw its advance last week halted by the trendline resistance (white line) above. That key level now sits at $2,367.50 as buyers ease off the charge a little. Gold is down 0.5% today to $2,348 levels now but is still staying...