The major European indices are closing higher on the day, and higher for the week. Moreover, the German DAX, France CAC, and UK FTSE 100 are all closing and record high levels. Expectations for lower rates are nothing risk-on flows.A snapshot of the closing levels...
White House Brainard: Debt ceiling fights have been unproductive
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,...
Pres. Biden is set to quadruple tariffs on Chinese EVs: WSJ
The Wall Street Journal is reporting that Pres. Biden is set to quadruple tariffs on Chinese EVs, keeping the low-cost EVs out of the US market and protecting US EV manufacturing. Meanwhile, there was report yesterday, that former Pres. Trump hosted oil executives...
2-for-1: A technical look at the AUDUSD and NZDUSD as the USD gets bid
The University of Michigan inflation expectation data sent the US dollar higher and the AUDUSD and NZDUSD pairs lower. Those moves to the downside, extended each pair to new session Lois, and in the process, each are also testing their 100-hour moving averages. Both...
More Minneapolis Fed Pres. Kashkari: Baseline is strong productivity rates will moderate
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 finds willing sellers against its 50% midpoint and 200 day MA
EURUSD falls back to support targets after resistant testThe EURUSD moved higher in the early US session reaching a new intraday high of 1.07895. That got within a paper so of the 50% midpoint of the move down from the March 2024 high to the April 2024 low at 1.07906....
Minn. Fed Pres. Kashkari: Fed is interested in AI because it contributes to productivity
Minneapolis Fed Pres. Kashkari says:Fed is interested in AI because it contributes to productivityWorthwhile to downgrade hype around AIHMMMM. The last comment is an interesting broad comment. In what ways? From potential productivity gains? From risk standpoint? In...
More from Fed Logan Logan: We want to see everybody testing the discount window
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,...
University of Michigan consumer sentiment (preliminary) for May 67.4 versus 76.0 estimate
Prior month 77.2Consumer sentiment for May (preliminary) 67.4 versus 76.0 estimate. Prior month 77.2expectations 66.5 versus 75.0 expected. Prior month 76.0current conditions 68.8 versus 79.0 last month1-year inflation expectations 3.5% versus 3.2% last month. Highest...
Dallas Fed Pres. Lorie Logan: Fed has made substantial progress on inflation
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,...
University of Michigan sentiment index for May to be released at the top of the hour
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,...
Oil, Gold & Copper heading for weekly gains amid revived rate cut hopes
Commodity indexes declined sharply last week as oil prices plunged on the back of a rise in US crude stockpiles and hopes of a ceasefire between Israel and Hamas. The gold price declined for a second week as safe haven flows eased. Middle East jitters picked up again...
US stocks higher and on pace for gains for the trading week
The major stock indices are opening mostly hired for the day and are on pace for gains for the week.A snapshot of the market currently shows:Dow industrial average is trading up 168 points or 0.42% at 39554. The index is on pasteboard eight consecutive up day. For the...
Kickstart the FX trading day for April 10 w/a look at the EURUSD, USDJPY and GBPUSD.
In the kickstart video for April 10, I take a look at three of the major currency pairs from a technical perspective - the EURUSD, USDJPY and GBPUSD. In this report, I also take a quick look at the USDCAD after it's stronger than expected April jobs report which...
Canadian jobs data beat expectations. Now what?
The Canadian labour market data beat expectations across the board with the market now seeing basically a 50/50 chance of a rate cut in June. Is this a major change though? Not at all. The gamechanger will likely be the CPI report due on May 21st when we will know if...
Webinar coming up today: Macro conviction, techniques to ride the wave
You can't always get the macro right, but when you do, it's critical that you capitalize. You need to ride that wave for weeks and months. A great example was last October when Federal Reserve Chairman Jerome Powell pivoted to a more-dovish stance. Risk assets have...
Canada April employment change 90.4K vs 18.0K estimate
Canada employment for April 2024Prior month -2.2KEmployment change of 90.4K versus -2.2K last month. Highest since January 2023.Unemployment rate 6.1% versus 6.2% estimate. Prior month 6.1% The steady reading was the first after 6 consecutive monthly declinesOn a...
Locked and loaded for the April Canada employment data
On the calendar to be released at 8:30 AM ET, will be Canada's employment statistics. The expectations are for:Employment change of 18.0K versus -2.2K last month.Unemployment rate is expected to rise to 6.2% from 6.1%.Full-time employment last month came in at...
ForexLive European FX news wrap: Currencies muted, equities look for perfect week
Headlines:Markets:GBP leads, NZD lags on the dayEuropean equities higher; S&P 500 futures up 0.3%US 10-year yields up 2.4 bps to 4.472%Gold up 1.1% to $2,373.20WTI crude up 0.6% to $79.76Bitcoin up 1.1% to $63,333It was a relatively quiet session with major...
초등학생도 월 150만원 버는 자동화 부업?(초기 비용 필요 없는 재택부업!?남녀노소 누구나 가능!)
https://www.youtube.com/watch?v=ZO7NBEd6Di4 안녕하세요 돈버는 정보입니다:) 이번 부업은 초기 비용 없이 초등학생이라도 할 수 있는 쉬운 부업인데요! 요즘엔 이런 저런 어려운 부업이나,막상 하기엔 진입 장벽이 높은 부업 들이 많은데요, 여러분의 단순한 정보와 글이 한번 설정해두면 꾸준하게 돈이 들어오는 파이프 라인이 될 수 있다는 것도 아시나요!? 영상 보고 따라하셔서 여러분만의 부수입 파이프라인을 만들어 보시길 바랍니다! 구독과 좋아요 눌러...