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,...
Broader US indices retrace gains and move into negative territory. NASDAQ down -0.50%
US stock indices are giving up their gains as profit-taking pushes shares lower. The NASDAQ index is now in a negative territory. Even Nvidia is now down -3.83%. The NASDAQ index was up 176.33 points at session highs. It is currently down -78 points or -0.48% at...
Weekly Market Recap (04-08 March)
Over the weekend we got the news that OPEC+ will extend the voluntary output cuts for another quarter. Saudi Arabia will extend its voluntary cut of 1 million bpd through the end of June as well with cuts to be reversed 'gradually', according to market conditions....
USD/JPY Sinks on Bets BoJ Will End Negative Rates Soon, US Inflation in Focus
Most Read: US Dollar Falls Further After US NFP Beat but January Number Revised Sharply LowerUSD/JPY extended losses and sank to its lowest level since early February on Friday, supported by speculations that the Fed may be closer to getting greater confidence that...
NZDUSD rises sharply but runs into resistance at the high for the year. What next?
The NZDUSD - like the AUDUSD - declined earlier in the week before finding a base and snapping back to the upside. In the process, the pair moved above some key technical levels including both the 200 and 100 day moving averages and the 200 and 100 bar moving averages...
Eyes on risk trades after the bitcoin reversal
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 had a strong week, w/the price reaching the 50% of range since Dec high. What next?
The AUDUSD has had a strong week to the upside helped by risk on flows and improving and shifting technical bias. One of the big moves was a break above both the 100 and 200-day moving averages near 0.6560, and then the 38.2% retracement of the move down from the...
Bitcoin rises to a fresh record high above $69,000
Bitcoin has broken through the all-time high set on Monday and is above $70,000.Bitcoin hit a record $69,200 on Monday then quickly fell to $58,500 but it steadied there and avoided making an outside day on the close. Since then the dip buyers have continued to weigh...
Are we really that worried about wage growth?
The ultimate nightmare for a central banker is a wage-price spiral so you can understand a focus on wages in general but officials need to understand it's a lagging indicator of inflation, perhaps the most lagging indicator.ECB officials droned on about wage inflation...
The FX market consolidates after non-farm payrolls, stocks jump
The US dollar has taken back a good portion of its non-farm payrolls drop as it levels out and broader markets consolidate.EURUSD 10 minsThe dollar has been reluctant to push the ranges on the day and it's similar in bonds. Yields initially fell on the data but then...
USDCAD is lower on the day after US/Canada jobs reports but off low support target.
Both the US and Canada jobs reports were released. The US showed stronger job growth in February, but prior months were lowered by -167K. The unemployment rate also rose to 3.9% and wage growth rose by 0.1% which was the lowest in about a year. In Canada, their...
ECB sources report: Policymakers ‘overwhelmingly’ favor June for first rate cut
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 mixed as traders digest the US employment data
The major indices are trading mixed with the S&P and NASDAQ indices higher and trading at new intraday highs. The Dow Industrial Average is trading above and below unchanged.A snapshot of the market currently shows:Dow Industrial Average is trading down -1.5...
Kickstart the trading day for March 8 w/a technical look at the EURUSD, USDJPY and GBPUSD
The above video kickstarts the trading day for March 8 with the technical look at the EURUSD, USDJPY and GBPUSD after the US jobs report. That report was more mixed with stronger job gains this month, but large revisions to prior months. The unemployment rate also...
US dollar slumps on rising unemployment and weaker wage growth
The US dollar is at the lows of the week following the February non-farm payrolls report. The headline number was strong at +275K compared to +200K but underneath were some soft details. For starters, the prior two reports were revised collectively lower by 167,000...
Canada Q4 capacity utilization rate 78.7% versus 79.7% last quarter
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,...
Canada February employment change 40.7K versus 20.0K estimate
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 February non-farm payrolls +275K vs +200K 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,...
Locked and loaded for another edition of non-farm payrolls. Watch the wage numbers
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: Yen strengthens on BOJ anticipation, NFP up next
Headlines:Markets:JPY leads, EUR lags on the dayEuropean equities mixed; S&P 500 futures down 0.2%US 10-year yields down 2.3 bps to 4.069%Gold up 0.3% to $2,166.54WTI crude down 0.7% to $77.73Bitcoin up 0.4% to $67,620The yen is once again the big mover today as...