The February trade data from China is going to be disrupted by the New Year break. YTD figures will be for January and February, which will be a better guide given the moveable holiday period each year.Imports are expected to have bounced back, exports less so....
Trade ideas thread – Thursday, 7 March, insightful charts, technical analysis, ideas
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,...
Goldman: What to expect from the US jobs report on Friday
Goldman Sachs presents its forecast for the upcoming February jobs report, predicting a deceleration in payroll growth to 215k from January's exceptional figures. The forecast is grounded in the expectation of a normalization following January's one-off surge,...
AUDUSD buyers take more control today. Can they keep the momentum going in the new day?
The buyers have plowed into the AUDUSD today. The low to high trading range is around 90 pips which is near double the 22-day average (month of trading) of 47 pips. That range is the 4th largest for the year, and the largest since February 13. So it is something to...
BOC’s Macklem: If core inflation stays put, we won’t hit our inflation forecast
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 fails to hold $80 in a roller-coaster trading day
On most days a 98-cent rally in oil would be cause for celebration for oil bulls but it won't feel like that today.That's because oil had earlier risen more than $2. It finished at $79.13 after trading as high as $80.67.A tighter US inventory report with signs of...
Bank of America CFO: Consumer spending is slowing, loan growth off to slower start in Q1
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,...
Beige Book: Economic activity increased slightly
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,...
Nvidia shares near $900
NVDA daily chartThe Magnificent One™ continues to carry the S&P 500 as it's provided more than 30% of the year-to-date gain and is adding to that today with a 4.2% climb. It's climbed more than $400 so far this year to $897, which is a fresh record high.Markets...
Fed chairs Powell’s testimony ends. Stocks up. Yields down and USD lower.
Fed Chair Powell's Testimony Summary:Economic Outlook and Policy Rate AdjustmentsThe Federal Reserve does not foresee reducing the policy rate until there is greater confidence that inflation is moving sustainably toward the 2% target.A possible dial-back of policy...
More from Fed Powell: Artificial intelligence impact on productivity is hard to say
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 from SF Fed Pres.Mary Daly: Fed is facing calibration exercise on policy
Fed's DalyPolicy is in a good place, there is more work to doEncouraged we been able to bring inflation down with labor market solidWe are on path to bring inflation down as gently as we canFed is facing calibration exercise on policyHolding on too long with rates...
New York Community Bancorp (NYCB) seeks outside capital to shore up balance sheet
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,...
USDJPY trades lower and tests key moving average. Buyers enter at level on the first test.
The USDJPY has continued its run to the downside and in the process did reach its target against the 200 bar moving average on the 4- hour chart at 149.147. The price dipped briefly below the level but has since bounced back and currently trades at 149.27. It would...
SF Fed Pres.Mary Daly: Fed is focused, resolute on getting inflation down
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 rises to 2.5% from 2.1% last
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,...
Gold makes new all time highs in sixth straight day of gains
There is something of a 'buy everything' mood in the market today with stocks, bonds and commodities all strong today. The was some worry that Powell would spoil the party but he stuck to the recent script and slightly soft readings on ADP and JOLTS highlighted a...
The USD is moving lower and making breaks in many of the major currencies. What next?
The US dollar is moving lower as the Fed chair testifies on Capitol Hill. The Bank of Canada has also announced their recent rate decision and was less dovish than expectations.New USD lows are being made vs the EUR, CHF, CAD, NZD and USD, and I look at each of those...
BOC’s Macklem Q&A: If we look beyond shelter, we’re seeing underlying inflation persist
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,...
Weekly crude oil inventories built 1.367 million versus 2.116M estimate
Crude oil inventories 1.367 million versus 2.116M build estimateGasoline inventories drawdown -4.460 million versus -1.640 drawdown estimateDistilates inventories drawdown -4.131 million versus -0.665M drawdown estimateCushing build 0.701M versus 1.458 million build...