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,...
Dallas Fed Texas service sector outlook index -9.3 vs -8.8 prior
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 jumps after strong job openings data
US December job openings in the JOLTS report climbed to 9.026 million compared to 8.750 million expected. The counter-trend turn may give FOMC officials pause at the two-day meeting that just got underway.The market is expecting something of a dovish shift from Fed...
ECB’s Makhlouf: We are confident in sustainably reaching our 2% target
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,...
JOLTs job openings for December 9.026M vs 8.750M estimate
JOLTS data is near post pandemic lowsPrior month 8.790M revised higher to 8.925MJOLTs job openings for December 9.026M vs 8.750M estimateQuits rate unchanged at 2.2%. The quits rate can serve as a measure of the workers going this or ability to leave jobs.Layoffs and...
US January consumer confidence 114.8 vs 115.0 expected
Prior was 110.7 (revised to 108.0)Details:Present situation index 161.3 vs 148.5 priorExpectations 83.8 vs 85.6 prior1 year Inflation 5.2% vs 5.6% prior -- lowest since 2020Jobs hard-to-get 9.8 vs 13.2 prior“January’s increase in consumer confidence likely reflected...
USDCAD bounces off support but found willing sellers near MA level as well. Battle is on.
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,...
Canadian home builder sentiment falls to survey low
Canada's housing market is a mess.A huge surge in immigration combined with a jump in mortgage rates created both a supply and affordability crisis. Unfortunately, home builders aren't going to come to the rescue.The latest quarterly survey from the Canadian Home...
Major indices are little changed in early US trading
Major US indices are trading little changed in early US trading. The Dow Industrial Average and S&P closed at record levels yesterday. Stops rallied after the U.S. Treasury and out-of-state lower-than-expected auction calendar ahead. That sent yields lower and...
Gold rises to a two-week high in the second day of gains. What’s next
Gold dailyGold is traditionally strong in January and early February on buying ahead of Chinese new year celebration but this year has been an exception. That's due in large part to broader US dollar buying and rising yields in January that are a result of stronger US...
The USDCHF is stuck between MA support and resistance defined by MAs and a key floor
The USDCHF is will tire in the European session, but found willing sellers against it falling 100-hour moving average at 0.86386. Earlier, support was found against a key floor level at 0.8605. That level was defined by a series of lows going back to January 17,...
Kickstart your FX trading for Jan. 30 w/ a technical look at the EURUSD, USDJPY and GBPUSD
The video above outlines the technical's driving the major currency pairs including the EURUSD, USDJPY and GBPUSD. For the EURUSD, the pair moved down and back up in trading today, and in the process as moved up - and above - the 200-day moving average of 1.08413....
Case-Shiller 20-city US house price index +0.1% vs +0.5% 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,...
JOLTs, consumer confidence and housing data highlight the US economic calendar
JOLTs job openingsUS job openings have been trending lower and that's emboldened some Fed officials to call for rate cuts. We will get the latest edition of that report at 10 am ET, alongside the release of consumer confidence data from The Conference Board.On the...
IMF bumps 2024 global growth forecast to +3.1% from +2.9%
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: Eurozone economy narrowly avoids technical recession
Headlines:Markets:JPY leads, GBP lags on the dayEuropean equities higher; S&P 500 futures down 0.1%US 10-year yields down 3 bps to 4.060%Gold up 0.2% to $2,034.92WTI crude down 0.2% to $76.60Bitcoin up 1.2% to $43,700Major currencies remain in a state of flux in...
NQ technical analysis: This Nasdaq futures train wants to head to 18000, IMHO
📈 NQ futures technical analysis: Riding the bullish wave... Do not short yetUnveiling the Bullish Sentiments in NQ Futures MarketIn our latest analysis video 🎥, we take a deep dive into the NQ futures, offering a comprehensive assessment of its current and future...
ECB’s Vujčić: April or June timing for a rate cut is not a big difference
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,...
Everything You Need to Know About Bitcoin Spot ETFs
What are ETFs?The term ETF stands for Exchange Traded Fund, which is a fund containing Bitcoin and is traded on the stock market as shares. These shares directly track the price of Bitcoin, meaning your gains and losses are directly tied to Bitcoin's price movements....
Eurozone January final consumer confidence -16.1 vs -16.1 prelim
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,...