The key line from Powell at Wedensday's FOMC press conference was "it's kind of fallen apart", which isn't the kind of thing you want to hear from a Fed chair in any context.But what was the context? A reporter asks Powell if what's driving the hawkish shift is the...
The USDCAD retraces lower but finds support buyers ahead of support target
The USDCAD spiked higher with the overall dollar buying yesterday, and that took the price above a swing high from 2020 at 1.4348. The price today has moved back to the downside in trading today, but has so far found support at that swing level. It is a short term...
The US equity bulls will try to make a stand here
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USDCHF backs off and trades between the close support & resistance levels post FOMC spike
The USD/CHF currency pair experienced a sharp upward move yesterday following the FOMC rate decision. The price climbed above the key resistance level of 0.9000, reaching a high of 0.90213 before retreating today. The decline extended toward the November high of...
The technicals for the 3-major currency pairs – EURUSD, USDJPY and GBPUSD
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US Q3 final GDP +3.1% vs +2.8% expected
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December Philly Fed manufacturing index -16.4 vs +3.0 expected
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US Initial jobless claims 220K vs 230K 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,...
MU stock price prediction and an original trade idea
Micron Technology (MU) posted its quarterly earnings on December 18th, an event that garnered substantial options activity—by some measures, the highest volume of any company reporting that evening. The underlying expectations were significant, with the options market...
What is moving in the markets today? A technical look at the 3 major currency pairs
The Fed cut rates, BUT they took back 2 of 4 cuts expected in September (only expect 2 cuts in 2025). As a result, the market is only pricing in an 8% chance of a cut in January and only 35 basis points of cuts by the end of 2025 (even more hawkish than the Fed). The...
A jump in initial jobless claims would be just perfect
We get a trio of economic data releases at the bottom of the hour including US initial jobless claims (shown above), the Philly Fed and final Q3 GDP.The one to focus on is claims. It caught the market off guard with a jump last week, though it looks like it was due to...
ForexLive European FX news wrap: Yen tumbles on Ueda, BOE keeps rates steady
Headlines:Markets:CHF leads, JPY lags on the dayEuropean equities lower; S&P 500 futures up 0.7%US 10-year yields up 4.4 bps to 4.542%Gold up 1.0% to $2,612.73WTI crude down 0.2% to $70.42Bitcoin up 1.3% to $102,276It was a modestly eventful session as market...
BOE leaves bank rate unchanged at 4.75%, as expected
Prior 4.75%Bank rate vote 6-3 vs 8-1 expected (Dhingra, Ramsden, Taylor voted to cut bank rate by 25 bps)A gradual approach to removing monetary policy restraint remains appropriateWe can't commit to when or by how much we will cut rates in 2025 as economic...
ECB’s Patsalides: I prefer small, gradual rate cuts
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What to expect from the BOE later and after today’s meeting decision?
On the bank rate vote, here's what the calls are:Barclays: 8-1 vote for a hold but minor possibility it could be as much as 6-3BofA: 8-1 vote for a hold with risks for a 9-0Deustche: 9-0 vote for a holdGoldman Sachs: 8-1 vote for a holdHSBC: 8-1 vote for a holdJP...
Vantage Gears Up for iFX EXPO Dubai 2025: Innovation, Insights, and Empowerment in Trading
January 2025 – Vantage Markets, a leading multi-asset trading platform, is excited to announce its participation at the highly anticipated iFX EXPO Dubai 2025, scheduled for January 14-16 at the Dubai World Trade Centre. As one of the premier global events for the FX,...
Nasdaq Technical Analysis – The dip-buyers enter the market at a key support
Fundamental OverviewThe Nasdaq yesterday sold off aggressively following the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed was in line with the market’s expectations, and the selloff might have...
Eurozone September current account balance €26.0 billion vs €37.0 billion prior
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S&P 500 Technical Analysis – Was that an overreaction?
Fundamental OverviewThe S&P 500 yesterday sold off aggressively following the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed was in line with the market’s expectations, and the selloff might...
ECB’s Šimkus: Inflation risks are balanced for next year
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,...