GBPUSD on the daily chart is testing the 200 day MAThe GBPUSD is extending to the downside and now tests its key 200-day moving average of 1.2449 (see green line on the daily chart above). The price is also below its broken 38.2% retracement of the move down from the...
USDJPY trades back above its 50% midpoint of the recent move down from the 2023 high
USDJPY above the 50% midpointAs the US yields have reversed and trade near highs with the 10-year now up at 4.431% up 2.1 basis points, the USDJPY has continued its run to the upside. The pair has now moved above its 50% midpoint of the move down from last week's...
Weekly EIA inventories crude oil 8.701M versus +1.160 million estimate
Prior week +3.592 millionCrude oil 8.701M versus +1.160 million estimate.Gasoline 0.749Mversus -0.150 million estimate. Prior week -1.540 millionDistillates -1.018M versus -0.761 million. Prior week -1.422 million.Cushing +0.858M versus +1.925M last weekrefinery...
EURUSD trades to a new session low
EURSUD moves to new lowsThe EURUSD is trading to a new session low of 1.0856. That comes after breaking below a swing area between 1.0878 and 1.0887. US yields are trading at new highs with the 10-year now higher on the day up 0.8 basis points at 4.425%. The 2-year...
Eurozone consumer confidence flash for November -17.9 versus -17.6 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,...
University of Michigan sentiment (final) for November 61.3 versus 60.6 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,...
Univ of Michigan sentiment index for November (final) will be released at top of the hour
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 indices opening higher led by the NASDAQ
Major US indices are opening higher with the NASDAQ index leading the way. Nvidia shares are trading above and below unchanged after releasing their earnings yesterday which be expectations on the top and bottom lines. However, they did caution about China in the next...
ECBs Elderson laying the case for “green”
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,...
GCEX Receives Operational VASP Licence from Dubai’s Virtual Assets Regulatory Authority
GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA).GCEX, which opened its Dubai office in July 2022 and received its MVP (Minimal Viable...
A summary of the UK budget from UK Chancellor Hunt
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Initial jobless for the current week 209K vs 226K 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,...
US durable goods for October -5.4% vs -3.1% 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,...
OPEC+ meeting postponed to November 30
OPEC + meeting scheduled for NOvember 26 has been deleyed to November 30. Saudi officials have expressed dissatisfaction with the oil production levels of other member countries. The kingdom, which has voluntarily reduced its oil output by an additional 1 million...
Benefits and Drawbacks of Cryptocurrency
Cryptocurrency has gained significant attention in recent years as a digital alternative to traditional forms of currency. While it offers several benefits, it also comes with its fair share of drawbacks. In this article, we will delve into the advantages and...
Bitcoin: Digital Currency Usage
Bitcoin is a decentralized digital currency that has experienced significant growth and adoption since its inception in 2009. With the increasing popularity of cryptocurrencies, it is essential to understand how Bitcoin is used and the benefits it offers.Peer-to-Peer...
Behavioral Finance: Understanding Investor Psychology
Behavioral finance is a field of study that seeks to understand and explain the psychological and emotional factors that influence investor decision-making. While traditional finance assumes that investors are rational and make decisions based on maximizing their...
Celebrating Kaspa’s 2nd Birthday: $1M Airdrop campaign with OKX, Coinpal.io
Kaspa, the revolutionary open-source, decentralized, and fully scalable Layer-1 blockchain network, is thrilled to announce its 2nd birthday celebration. To commemorate this significant milestone, together with industry leaders Coinpal.io, OKX Web3, ICERIVER, IGV, and...
USD/JPY remains the main mover on the day but pares gains
USD/JPY ended four days of selling yesterday with a doji star and now a retracement is underway. The pair is up 44 pips to 148.83.It traded as high as 149.34 earlier but has since sagged. The mood in markets is quiet ahead of the US holiday but also moderately...
UK CBI manufacturing orders fall to the lowest 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,...