The EURUSD moved lower on the back of the ECB rate decision and the press conference from ECBs Lagarde. In the process, the pair moved below the 200-day MA at 1.08432 and toward a key swing between 1.08038 to 1.08243. Move below that level and traders will be looking...
USDCAD corrects lower today but does find support buyers at the 200 day MA. What next?
The USDCAD moved sharply higher yesterday after the Bank of Canada interest rate decision. The price moved up toward the high price of last week at 1.35411, but fell short of that target. The subsequent move to the downside today took the price back down toward its...
European equity close: Can’t keep pace with the US
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,...
KC Fed composite index -9 vs -1 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,...
USDCHF buyers try to take more control. 100 hour MA and 38.2% the next key targets.
The USDCHF has moved higher in trading today and in the process technicals have improved:The low yesterday held against it to her poor moving average on 4-hour chart (currently at 0.8608)Today, the price low stalled against a rising trend lineThe price is currently...
US posts largest weekly natural gas drawdown since 2021
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,...
It’s getting a bit frothy
I think you can officially downgrade the Magnificent 7 to the Super 6 today with Tesla down another 10.4%.What's more impressive is that despite a 10% decline in one of the world's biggest companies, the Nasdaq is up 0.5% today and on track for a fifth consecutive...
Lif3 Accelerates DeFi Adoption and Innovation with BitFinex Listing
Today, $LIF3 (pronounced Life), a ground-breaking and complete omni-chain DeFi Layer-1 Curated Blockchain ecosystem, announces its recent listing on Bitfinex, a premier digital asset trading platform, after recently migrating to the Ethereum Network from Fantom. This...
US December new homre sales 664K vs 645K 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,...
ECB’s Lagarde major comments during press conference bucketed by topic. EURUSD lower.
ECBs Christine Lagarde's comments can be grouped into several key topics:Economic Outlook and Recovery Indicators:PMI a small signal that recovery conditions are coming into place.Some surveys point to growth further ahead.Incoming data signal weakness in near...
US stocks move higher. NASDAQ and S&P index up for the sixth consecutive day
The major US stock indices are opening higher on the day with the NASDAQ index leading the way. The NASDAQ and S&P are working on their sixth consecutive day to the upside. Over that period, the S&P has closed at record levels for four days in a row. Today...
Kickstart your FX trading for January 25 with a technical look at EURUSD, USDJPY & GBPUSD
In the kickstart video, I take a look at three other major currency pairs from a technical perspective - the EURUSD, USDJPY and GBPUSD. There was a slew of economic data in the US highlighted by the Advanced GDP for the 4th quarter which showed strong growth and tame...
GBP/USD Outlook: US GDP and Fed Decisions Take Centre Stage
Key Highlights · UK PMIs Lift Sterling: Recent robust UK PMI data has provided a boost to the GBP, reflecting resilience in the services sector.· Retail Sales Concerns: Unexpectedly sharp declines in UK retail sales have injected caution into market sentiment.· US...
Lagarde Q&A: The consensus was that it was premature to discuss rate cuts
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,...
Lagarde opening statement: Risks to economic data remain tilted to the downside
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 and listen live: Lagarde’s press conference
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,...
Canada November weekly earnings +4.1% y/y vs +3.9% 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 wholesale inventories advanced for December 0.4% versus -0.4% last month
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 December advance goods trade balance -88.46 billion vs -89.33 billion 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 durable goods for December 0.0% versus 1.1% estimate
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,...