The GBPUSD has extended to a new high of 1.2797 which is just short of the high of the swing area between 1.2788 and 1.2800. The upside target would have traders looking toward the 2023 high from August 2023 at 1.2827. Move above that level, and the price will be...
Household net worth rises to $156.2 trillion in Q4 2023
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,...
Fed’s Mester: January inflation reports were a wake-up call
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,...
Atlanta Fed GDPNow growth estimate for Q1 remains unchanged at 2.5%
Atlanta Fed GDPNow growth estimate for Q1 unchanged at 2.5%The Atlanta Fed GDPNow growth estimate for Q1 remains unchanged at 2.5% after today's data dump. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first...
Fed’s Mester: If economy meets forecasts, rate cuts are likely 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,...
The S&P index trades above its all-time high closing level
S&P index extends to a new all-time highThe S&P index is on pace to close at a new all-time high closing level. That level comes in at 5137.07. The current price is trading at 5148.30 up 43.5 points or 0.86%. The high price today reached 5155.37 reaching a new...
EURUSD bounces above key support, setting up bullish momentum
EURUSD holds the 38.2% and snaps back higher.The EURUSD moved lower after the ECB kept rates on hold, but cut inflation expectations. ECBs Lagarde expressed concerns about lower growth. However, she also said that she/they needed more assurance (and confidence) that...
Euro climbs as the ECB refrains from a pivot to rate cuts
The euro is trading at a six-week high after the ECB rate decision.It's tempting to point to the ECB as the main catalyst but the euro is lagging the moves in the pound, Australian dollar and kiwi. It's taking advantage of broader US dollar selling on an improvement...
AUDUSD continues its run to the upside and extends to the 38.2% retracement of move lower.
The AUDUSD has continued its move to the upside started yesterday when the price extended above about the 100 day and 200 day moving average is near 0.6559. In early trading today, those key moving averages held sport before the price started its move back to the...
Powell: If economy does as expected with think carefully cutting rates to begin 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,...
USDCAD continues its fall today, but sellers find their match against the key 200 day MA
The USDCAD felt sharper yesterday and in the process extended below its 100-day moving average and 50% retracement near 1.3538, its 100-bar moving average on the 4-hour chart at 1.35267. Today the selling was continued with a break below an upward-sloping trendline,...
US stock indices open higher. Gains of 0.50% or more seen on the opening bell.
The major US stock indices are opening higher with gains of 0.5% or greater in the three major indices on the opening bell. A snapshot of the market currently shows:Dow industrial average up 203 points or 0.52% at 38864S&P index up 31.40 points or 0.62% at...
European Central Bank Keeps Interest Rates Unchanged, Eyes Turn To Lagarde’s Guidance!
The Euro dives in the minutes after the European Central Bank releases its interest rate decision and statement. Representatives of the European Central Bank advise they do not believe inflation will reach the 2% target in 2024. European economists advise inflation in...
Fed’s Bowman: Jan inflation suggests inflation progress may be slower going forward
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 trading for March 7 with a technical look at EURUSD, USDJPY and GBPUSD
There is a central-bank tilt in EURUSD and the USDJPY with the focus not on the Fed but on the ECB and the Bank of Japan. The EURUSD is moving lower after the ECB cut their inflation expectations going forward and ECB Pres. Lagarde talked about continued slower...
What will happen to the gold price in 2024 – Octa forecast
Gold is trading above $2,000 per ounce in early 2024. Analysts expect that even later in the year, gold prices may remain above $2,000 per ounce, reaching new historical highs. Among the factors favouring this are geopolitical uncertainty, the likely weakening of the...
Xsolla Debuts Xsolla Wallet, Empowering Developers and Creators
Xsolla, a global video game commerce company, announces Xsolla Wallet, highlighting its commitment to empowering the global creator economy within the video game industry. Our mission is to provide equal access for developers, creators, and everyone in the creator...
Lagarde Q&A: We are more confident on inflation but not sufficiently confident
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 Lagarde: Economy remains weak but surveys point to a pick-up 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,...
Watch live: ECB press conference with Lagarde
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,...