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 Americas FX news wrap: Fed holds. The market shows it’s hanging on each headline
Markets:Gold down $3 to $2033US 10-year yields down 7.3 bps to 3.98%WTI crude oil down $1.92 to $75.90S&P 500 down 1.6%JPY leads, AUD lagsToday truly underscored that this is a market that's hanging on every headline.There were 4-5 chapters to the story today. It...
A review of the Fed Chair comments during his press conference by topic
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 moved lower after Fed says a March cut is not the base case
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,...
Powell: I don’t think it’s likely we will have enough confidence to cut in March
The US dollar jumped as Powell said that a March cut isn't the base case and that it's unlikely they will get enough confidence to cut in March. He later added that if jobs are weak, the timeline for cuts could move up.Prior to the FOMC statement, the market was...
Powell Q&A: We want to see a continuation of good inflation data to gain confidence
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 dollar tilts modestly to upside after FOMC decision.What are the technicals saying?
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,...
Powell opening statement: It will likely be appropriate to cut at some point 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,...
US dollar climbs on the FOMC statement. Eyes now turn to Powell
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 full statement from the January FOMC rate decision
The full statement from the January 2024 Federal Reserve meeting:January 31, 2024Federal Reserve issues FOMC statementFor release at 2:00 p.m. ESTRecent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since early...
Federal Reserve leaves rates unchanged. Won’t cut until has confidence on inflation fall
Prior was 5.25-5.50%Recent indicators suggest that economic activity has been expanding at a solid paceRemoves reference to 'additional policy firming'The Committee does not expect it will be appropriate to reduce the target range until it has gained greater...
Canadian GDP surprises to the upside but June still the time for a BOC cut – CIBC
The early Statistics Canada estimate for 1.2% annualized growth in Q4 is well above the Bank of Canada's MPR forecast for a flat reading. It came as November GDP rose 0.2% compared to the 0.1% advanced reading and December accelerated to +0.3% m/m.CIBC highlights that...
White House: US not looking for war with Iran
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 Lane: We need more confidence that inflation is headed to 2%
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,...
FOMC preview: Say goodbye to “additional policy firming” then wait for Powell
Saddle up and get ready to the FOMC decision at 2 pm ET. As a reminder, there won't be an updated dot plot released with this decision but Federal Reserve Chairman Jerome Powell will hold his usual press conference at 2:30 pm ET.As a reminder, here is the most-recent...
The EURUSD moved up and back down as the traders setup for the Fed decision. What now?
The EURUSD raced higher in the US morning session but after breaking through the 200 day MA and moving up toward the 100 bar MA on the 4-hour chart, momentum faded and the price rolled over.THe price has since moved back down toward the 200 day AM at 1.0840. That MA...
Crude oil tests its 200 hour MA at $75.78
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,...
European equity close: Mixed bag as the month ends
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,...
Nasdaq index moves down to test the 100 hour MA. Key short term target/bias level.
The Nasdaq index is the biggest decliner of the three major stock indices with a fall of 1.4%. That decline has taken the price of the index down toward its rising 100-hour moving average currently at 15226.50. A move below that level would increase the bearish bias...
FTX expects to pay customers in full in bankruptcy liquidation
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,...