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,...
UK Finance Minister Hunt says must bring down borrowing, reduce debt
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,...
Federal Reserve Chair Powell speaking in Congress on Wednesday, preview: “Less hawkish”
ICYMI my heads up on this from earlier in the week:Federal Reserve Chair Powell is heading to Congress on Wednesday and Thursday to present one of his twice-a-year testimonies.First up will be his appearance before the House Financial Services Committee on March 7:at...
Australian GDP data due today, previewing likely subdued growth
Due from Australia at 11.30am Sydney time (0030 GMT, 1930 US Eastern time), Q4 2023 GDP:Snippets from Commonwealth Bank of Australia, is looking for +0.2% q/q:This would take the annual rate of growth down to just 1.4%, from 2.1% through the year to September....
Bitcoin (BTC) Posts a New All-Time High Before Prices Turn Sharply Lower
Bitcoin (BTC) Prices, Charts, and Analysis:Bitcoin prints a new ATH then slumps by $5kCrypto-relates stocks suffer reversals of differing degrees. Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading Get My Guide The Next Bitcoin Halving...
Forexlive Americas FX news wrap: ISM services on the soft side, BTC and gold hit records
Markets:Gold up $13 to $2128Bitcoin down 5.5% to $63,854US 10-year yields down 7.8 bps to 4.14%S&P 500 down 1.0%JPY leads, CAD lagsThe early indications that it was going to be a rough ride today came from the bond market, where Treasury yields began to tick...
Private survey of oil inventories shows smaller headline crude build than 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,...
Major US stock indices close lower on the day led by the NASDAQ
The major US stock indices closed lower on the day led by the NASDAQ index. However, a late day rally in the NASDAQ trimmed some of the declines. At the session lows, the index was down -344.88 points. It is closing down -267.13 points.A snapshot of the closing level...
RBNZ Chief Economist says declines in core inflation are encouraging
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,...
Economic calendar in Asia 06 March 2024 – Australian GDP
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,...
Trade ideas thread – Wednesday, 6 March 2024
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,...
What’s priced in for the Bank of Canada ahead of Wednesday’s decision
There was a time when the market was pricing in a high likelihood of a Bank of Canada rate hike tomorrow but after months of strong North American data and sticky inflation, those odds have dwindled.The market currently sees just a 19% chance of a surprise rate cut at...
USDJPY tilts to the downside today, but holds at swing area low. What is needed to BREAK?
The USDJPY pair experienced a downturn, signaling a shift towards a bearish momentum in today's trading session. Despite this decline, the currency pair found some support at a critical swing area near 149.70, which prevented further losses and led to a modest bounce....
NASDAQ index now down 2% on the day
NASDAQ and traded two new session lows away from 100H MAThe NASDAQ index is trading to a new session low of 10982.80. The break lower is taking the price away from its 100-hour moving average at 15922.44 price. The 200-hour moving average at 15764.89 is the next major...
Bitcoin drop extends to 11% in brutal turnaround. Breaks $60,000 to the downside
The new money chasing bitcoin ETFs has just found out that volatility runs both ways.Bitcoin dailyThe easy money on the way up has kicked off some heartburn today. The latest drop was a quick one and took out the $60,000 stops before hitting $59,387 at the low. It's...
US crude oil futures settle at $78.15
Crude oil futures are settling at $78.15. That is down -59% or -0.75%.The high price today reached $79.49. A low price was at $77.52. The high price on Friday reached $80.85.Looking at the daily chart below, the price settled right at the 38.2% retracement of the move...
Bitcoin falls below $62,000. Outside day now a possibility
Bitcoin bulls should have been popping champagne tonight, but instead a dark cloud has rolled in. This looked like a banner day for crypto as bitcoin edged above the 2021 high of $69,000 but it has turned into a race to take profits.Bitcoin is down more than 8% to...
US equities remain under pressure. Nasdaq decline nears 2%
SPX dailyThe S&P 500 is sitting near the lows of the day, down 52 points to 5079. It's down 1.0% and threatening a three-candle reversal.Worse is the Nasdaq, which is down 1.8%. Early on, it was Tesla and Apple dragging down the index but more recently, it's been...
BofA: What to expect from the ECB and the euro on Thursday?
Bank of America forecasts no significant changes in the European Central Bank guidance during the upcoming meeting, but anticipates a soft indication of forthcoming rate cuts in the press conference. Despite the expectation of dovish-leaning new ECB forecasts, BofA...
Meta stock price rebound after outage, but is a bigger corrections imminent?
Meta shares fell sharply, after the outages on Facebook and Instagram this morning (see post here). The price has bounced back with the current price now down -$5.00 or 1.00%. At the session lows, the price was down as much as -$10.09 (at session lows). Technically...