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 Sen. Schumer: Productive WH meeting. Hope can get a deal done soon
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,...
Fed Gov. Bowman: Will remain cautious on monetary policy
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,...
Bitcoin is on fire. Is it too hot? Where does it cool?
The price of bitcoin is hot. It is red hot. From the low yesterday at $40,900, the price has moved to a high today of $57,449. That is a pretty healthy move in a short period of time. Looking the RSI, it is higher and in overbought conditions. The RSI is even...
Russell 2000 technical analysis with 1 simple picture
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,...
Yen shorts could be the final nudge for Bank of Japan to hike rates
Net shorts in the Japanese yen have recently expanded and that could convince the Bank of Japan that now is the right time to hike rates, according to MUFG."We still believe that the BoJ is setting the stage for an exit from negative rates which could come as early as...
European equity close: DAX shines once again
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,...
S&P 500 technical analysis: Bulls in control above 5091, bears eye 5050 level
🚀 S&P 500 technical analysis for 27 Feb 2024 | Price levels to watch 📈Welcome to our latest video, where we dive deep into the S&P 500 futures with a technical analysis that can't be missed. Join Itai Levitan right here at ForexLive.com as we uncover the...
US dollar strengthens on flows, then gives it back
It's month-end so it's no surprise to see month-end flows driving the forex market today. The US dollar strengthened ahead of the London fix today and then quickly gave it back.The timing of the move suggests it was flow-driven rather than fundamentally drive. If...
EURUSD bounces off 100 hour MA support target
EURUSD stalls @ 38.2% retracement at high & 100H MA at lowThe EURUSD rose in the late Asian/early European session, and in the process tested it 38.2% retracement of the move down from the December high. That level comes in at 1.0864. Recall from last week, that...
NZDUSD traders set up for RBNZ rate decision in the new trading day
The RBNZ will announce their rate decision at 8 PM ET later today (Wednesday in NZ) with the expectations of no change in policy. There was earlier expectations for a hike by some, but those views have been tempered more recently. Nevertheless, the RBNZ is likely to...
Atlanta Fed GDPNow Q1 estimate +3.2% vs +2.9% 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 February Dallas Fed services sector outlook -3.9 vs -9.3 prior
Prior was -9.3Services sector revenue outlook +5.2 vs -3.6 priorThis is a low-tier indicator.Comments in the report:Personal and laundry servicesOur 2023 revenue declined 15 percent, January 2024 revenue fell 7 percent, and February is currently on track to decline 9...
US February consumer confidence 106.7 vs 115.0 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,...
Richmond Fed February composite index -5 versus -15 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,...
USDCAD ceiling is well defined. Support is near 200 bar MAs. What next?
The USDCAD has a well-defined ceiling between 1.3526 and 1.3543 (in between is the 50% midpoint of the move down from the last 2023 high at 1.35378).On the downside, the 200-day moving average comes in at 1.3479. The 200 bar moving out on the 4- hour chart comes in at...
Mixed open for major indices today. Modest changes registered to start the trading day.
The US stock market is open and the major indices are mixed/modestly changed for the day. The Dow 30 is lower to start the trading day. The NASDAQ index is higher. The S&P is a little higher but near unchanged.The snapshot of the market currently shows:Dow...
The USDCHF technical story is being written from a few perspectives. What does that mean?
The USDCHF's technical story is being written from a few perspectives. Looking at the 4-hour chart, support is defined by the 50% midpoint at 0.8785, the 100 bar moving average on the 4-hour chart at 0.8784, and the 100-day moving average a little lower at 0.8774.The...
Fed’s Barr speaks about “counterfeit credit risk’
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 Case-Shiller 20-city US house price index +0.2% vs +0.2% 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,...