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,...
Reserve Bank of New Zealand to consult on loosening (macroprudential) policy
Reserve Bank of New Zealand consultation on DTI and LVR settings, will close on March 12. In summary, Headlines via Reuters: Launched consultation on activating debt to income (DTI) restrictions and loosening loan to value ratios (LVRs) for residential lendingPropose...
US stocks close higher to start the trading week
Major US stock indices are closing higher. The S&P and Dow 30 indices are both closing at record levels. The Nasdaq index is closing at the highest level since January 4, 2022. The high) for the NASDAQ index was back on November 19, 2021 at 16057.44. The high...
Economic calendar in Asia – Tuesday, 23 January 2024 – Bank of Japan policy statement due
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 – Tuesday, 23 January, insightful charts, technical analysis, ideas
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,...
Tesla’s Share Price: What to Expect from Q4 Results
Article by IG Market Analyst Monte SafieddineTesla (TSLA) Q4 Analysis, Charts, and PriceWhen is Tesla’s results date?It’s expected to get volatile for Tesla’s share price on Wednesday, January 24th after market close, as that’s when they’ll be releasing their...
Bitcoin trades below $40,000 first time since December 3
Bitcoin falls below $40000The price of Bitcoin is trading to a new session low, and in the process, the price is breaking below the $40,000 level for the first time since December 4. The price is also falling below it 38.2% retracement of the move up from the...
EURUSD range is modest for the day, but what next for the pair/traders?
The EURUSD has been trading in a narrow 32 pip trading range for the day with a low near the low of a swing area at 1.0878 and a high near 109097. That level was the high from not last week, but the week before that (starting on January 8). The narrow range may not be...
WH Brainard: Lackluster recovery in China has not had strong effect on US economy
The White House economic advisor and former Fed governor is on the wires saying:Lackluster recovery in China has not had particularly strong effect on US economyAlso from the White House NSC Coordinator for communications John Kirby said the Biden administration who...
NZDUSD trade near lows but remains above a key cluster of support
The NZDUSD is trading to new session low, and in the process is retesting its 200-day moving average at 0.60893. That is the high of a cluster of support including a swing area between 0.60788 and 0.60856, and the fit percent midpoint of the move up from the October...
Crude oil rally surges past $75, reaching new heights.
Crude oil moves above $75.00The price of Crude oil is moving above $75 to a high of $75.11 so far. The last time the price moved above the $75 level was on January 12 with the swing high reaching $75.24. The end of December highs reached to $75.66 and $76.18. Those...
European shares close the session with gains
Most of the major European stock indices are closing date with gains. Spain's Ibex led the way. Italy's FTSE MIB was a laggard and the holy major indices to fall on the day.A snapshot or closing levels shows:German DAX, +0.77%France CAC, +0.56%UK FTSE 100,...
USDCHF traded above and below the 38.2% of the move down from the October high
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,...
AUDUSD – like other pairs – gets off to a slow up and down start to the day/week
Like many of the currency pairs, the AUDUSD is trading in a narrow trading range. Support is holding the 200-day MA at 0.65787. The 50% midpoint of the move up from the October low, is at 0.65699. Going forward, a move below each is needed to increase the bearish...
Reuters Poll: BOE to hold bank rate at 5.25% at the next rate meeting
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,...
USDCAD muddles along to start the trading week. What levels are in play and why today?
To start the trading week, the USDCAD traders tried to push to the downside but found support buyers near the 200 bar moving average on the 4-hour chart at 1.3409. That level is also within a swing area between 1.3398 and 1.3414.On the top side, the close resistance...
US Leading Index -0.1% vs -0.3% 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,...
Major US indices extend Friday’s gains. S&P index reaching new all-time intraday highs
The major US stock indices are trading higher, and in the process, but the Dow Industrial Average and S&P index are making new all-time intraday highs. A snapshot of the market currently shows:Dow Industrial Average up 132 points or 0.36% at 37999.S&P index is...
Kickstart your FX trading with a technical look at the 3 major currencies
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,...
WSJ: More workers want to change jobs but job market is more challenging
Last week, the initial jobless claims data moved back below the 200K level to 187K. That was the lowest level since September 2022 when the number came in at 184K. That number last week corresponded with the survey week for the BLS for the next US jobs report to be...