The NASDAQ index is clawing back its declines. The index low of 15471.68 took the index down -157.27 points at session lows. It is currently down -26 points or -0.16% at 15604.76. The high price has reached 15633.86.The S&P is also taking back some of the...
European indices close the session with declines. Modest declines in Dax, CAC and FTSE 100
The major US stock indices are mostly lower, but declines in the German DAX, France CAC and UK FTSE 100 are modest, and Italy sees gains. A snapshot of final numbers shows:German DAX -0.08%France CAC, -0.03%UK FTSE 100 under an -0.04%Spain's Ibex -1.20%Italy's FTSE...
Gold continues its move to the downside as yields and USD moves higher
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,...
USD moves to 4-week high. Spike in yields continue with 10 year back above 200 day MA
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,...
TECHNICAL UPDATE: GBPUSD tests retracement level of the move up from the October 2023 low
The GBPUSD has moved to a new session low near 1.2526. That is just above the 38.2% retracement of the moveout from the October 2023 low to the December 2023 high. That retracement level comes in at 1.25245. Earlier today, the price finally moved outside of the 1.2600...
EURUSD testing the December lows
EURUSD tests the December lowThe EURUSD is extending to a new session low, and in the process is testing the December low and swing level near 1.07233. A break below that level would then target the 61.8% retracement of the move up from the October low at 1.0712. Will...
The Pound Declines as Investors Fear a More Dovish BoE
The US NFP added a further 353,000 jobs in January 2024 and the unemployment rate remained at 3.7% for a third consecutive month. McDonald’s Earnings Report disappointed investors due to the lower revenue figure. Whereas Caterpillar rose more than 4% after beating...
Fed’s Goolsbee: March cut is unlikely (but does not rule it out either)
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,...
ISM nonmanufacturing PMI for January 53.4 versus 52.0 estimate
ISM nonmanufacturing indexPrior month 50.5ISM nonmanufacturing PMI 53.4 versus 52.0 estimateNonmanufacturing business activity January 55.8 vs 55.8 lastEmployment.50.5 vs 43.8 last monthNew orders 55.0 vs 52.8 last monthPrices Paid 64.0 vs 57.4 last monthOther...
UBS pushes back Fed cut to May from March
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,...
S&P Global services PMI for January (final) 52.5 versus 52.9 per limitary
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 stocks open lower on the day. Dow Industrial Average the weakest.
US stocks are opening the day to lower with the Dow Industrial Average leading the way. Chairs McDonald's are down -2.83% after earnings. Shares of Boeing are down -2.81% after were problems with quality control. A snapshot of the market is showing:Dow Industrial...
USDCAD price is looking up. Breaks above its 200 day MA. Stay above is more bullish
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,...
Caterpillar CEO: Overall demand remains healthy
Caterpillar announced earnings today:EPS $5.23 versus expected $4.75revenues $17.1 billion versus $17.1 billion expectedIn addition, the company said that fiscal year 2024 revenues seen broadly similar to 2023 (+0.5%).The company CEO is now saying:Overall demand...
The USD is king. The kickstart video looks at the EURUSD, USDJPY and GBPUSD.
The USD is stronger in trading today as US yields move higher. The US two-year yield is up six basis points while the 10-year is up nearly 10 basis points on the day. That comes after gains on Friday after the stronger-than-expected US draft report.Technically, the...
USDJPY technical analysis, 149.6 next station, do not short
USDJPY still afloat and strong amidst market currentsWelcome to ForexLive.com, where we dive deep into the currency markets, providing you with the latest analysis, insights, and forecasts. Today, we're focusing on the USDJPY pair, a hot topic among traders and...
Fed’s Kashkari: Policy has tightened a lot. How tight is it?
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,...
Leverate and Intivion Join Forces to Revolutionize Brokerage Technology Solutions
Leverate, a global technology leader serving FX, CFD, and Crypto brokers, proudly announces its strategic partnership with Intivion, a specialist in CRM solutions tailored for forex, CFD, and Crypto brokerages. This collaboration marks a significant milestone in the...
Fed’s Kashkari: Higher neutral rate means monetary policy may not be as tight as thought
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,...
Mastering the art of trading: Futures vs Index vs ETF, example ES vs SPX vs SPY
What is the difference between futures, index and ETFSo, should you trade futures, an index of stocks, or an ETF... That is a very typical and legit question and I will explain the differences, the pros and cons. Welcome to the dynamic world of financial markets,...