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 talk of wage gains will add anticipation to the Bank of Japan decision
BoJ UedaJiji is all over the Bank of Japan this week. The yen strengthened to start the week after a report that the BOJ is considering scrapping yield curve control and replace it with a QE program while hiking rates to 0% as soon as March 19.The market is still...
AUDUSD dips as correction from recent highs persists with work to do.
Today, the AUDUSD pair is experiencing a slight decline, following a significant upward momentum last week. This surge led the pair to reach its highest level since January 15th on Friday. However, the gains from this strong run were not sustained, and the pair closed...
Markets Await Key Data Amidst Rate Cut Speculations
It was a quiet start to a busy week that includes key CPI and retail sales reports. The markets are increasingly confident the major central banks are making enough progress on their inflation goals that rate action is on the way. However, the timing and pace are...
NY Fed inflation expectations: Three-year inflation expectations 2.7% vs 2.4% 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,...
Latest economist poll sees first Fed cut in June
The market is 85% priced for a first Fed cut in June and economists are generally aligned with that.The latest poll from Reuters shows 72 of 108 professional economists forecasting the first cut at the June 12 meeting. However some hawkish biases are creeping in. 38...
Trump’s ‘enemy of the people’ remark cracks Meta’s bullish shining armor
Meta falls below 100 hour MA for first time since early Jan.In a CNBC interview this morning, former President Trump dubbed Meta "the enemy of the people," setting off a negative shift in the stock's performance. This comment has revealed a significant weakness in...
Euro falls to session low as US dollar firms
The euro is under pressure today after touching a two-month high on Friday.EUR/USD is down 18 pips to 1.0919 and near a session low. The selling comes in a broader US dollar rally that's being helped by poor risk appetite and a tick higher in Treasury yields.On...
The USDCAD is trading within swing levels in what is an up-and-down market for the pair.
The USDCAD is bouncing from Friday's lows. Those lows stalled just ahead of a lower swing area between 1.3398 and 1.3414. The subsequent rise off of that support swing area saw the price move higher and above its 200-day moving average at 1.3478 into the close on...
US February employment trends 112.29 vs 113.71 prior
Employment trendsThis is a low-tier composite indicator but it's the only thing on the economic calendar today.“The ETI decreased in February after two consecutive months of modest increases,” said Will Baltrus, Associate Economist at The Conference Board. “The ETI...
US stocks off to a negative start to the trading week.
The major US stock indices are getting off to a negative start to the week.Meta shares are particularly lower by -$17 or -3.36% after former Pres. Trump dissed the company in a exclusive interview on CNBC. The snapshot of the market 9-minutes into the open is...
High flying tech stocks under pressure. SMCI falls 7%
US tech stocks in general are under moderate pressure today, down 0.4% but some of the highest flyers are feeling some pressure. Shares of Nvidia are adown another 1.6% after completing a massive reversal on Friday.Eyes will remain on NVDA but another one that I'm...
Understanding Celer Network (CELR)
Celer Network is a leading layer-2 scaling platform that brings fast, secure, and low-cost blockchain applications to life. Built on Ethereum and compatible with multiple other blockchains, Celer enables off-chain transactions, effectively overcoming the scalability...
The USDCHF is trading in a narrow range, but at some point the market price will break.
The USDCHF is mired in a narrow trading range of about 30 pips to start the trading week. The good news is that the market will at some point break and run in the direction of the break. WIth that in mind, what technical levels are in play for the pair that would give...
Learn More About Cardano or Solana
The world of blockchain technology is ever-evolving, with new platforms and cryptocurrencies emerging regularly. Among these, Cardano and Solana have garnered significant attention in the blockchain community due to their innovative approaches and potential to...
Comparison Between Solana and Ethereum
When evaluating the blockchain space, two platforms frequently come up for comparison: Solana and Ethereum. Both have garnered significant attention, each with its own set of strengths that appeal to different users and developers in the cryptocurrency...
Eyes on Nvidia as US stock set to open 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,...
ECB’s Makhlouf: Gradual change in policy stance is best way of adjusting
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 your FX day for March 11 with a technical look at the EURUSD, USDJPY and GBPUSD
The trading week is off to a slow start with modest trading ranges for the major currencies versus the US dollar. In this video, I kickstart the US trading day and the trading week with a technical look at the three major currency pairs - the EURUSD, USDJPY and...
Bitcoin hits $72,000 for the first time
It's a happy Monday for bitcoin bulls as the crypto party has resumed to push it $3700 higher to $72,140.It was a bit of a rocky road getting through the $69,000/$70,000 level but that's a big one as it clears the all-time high. It's smooth sailing and clear skies...