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 January UMich prelim consumer sentiment 78.8 vs 70.0 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,...
US dollar finds some bids as yields tick higher
The US dollar is climbing across the board despite some dovish comments from the Fed's Goolsbee.The market is continuing to try and calibrate Fed policy with 136 bps of cuts now priced in for the year and March at 55% for a cut. Bonds started the year extremely strong...
The major indices are higher. S&P tests the all-time high closing level at 4796.57.
The major US stock indices are opening higher, but often the highs from the premarket trading.Of note today is the S&P index is once again looking to test its high closing level. That level comes in a 4796.57. The high price today has reached 4799.33, but has...
USDCAD moved higher this week, but found willing sellers at 50% midpoint. What next?
The USDCAD this week moved higher and in the process extended above its 38.2% retracement of the move down from the October high. It also moved above the 200-day MA currently at 1.34809 but stalled the rally at the 50% midpoint of the same move down from the October...
Rise to the Challenge: Taurex’s Dragon’s Roar Trading Competition
In the spirit of the Year of the Dragon, Taurex, a leading multi-asset CFDs broker, proudly announces the launch of the Dragon's Roar Trading Challenge. This innovative competition invites traders to demonstrate their skill and strategy in a dynamic market...
Kisckstart your FX trading for January 19 w/a technical look at EURUSD, USDJPY and GBPUSD
In the kickstart video for your trading day, I take a look from a technical perspective of the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD. The EURUSD on Wednesday and again on Thursday tested its 200 day moving near 1.0854 and found willing buyers..That...
Fed’s Goolsbee: If we make good progress on inflation, we need to factor that into rates
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 retail sales -0.2% vs 0.0% expected
Canadian retail salesPrior month +0.7% (revised to +0.5%)The November advance estimate was 0.0%Retail sales for October +0.7% vs +0.8% expectedEx auto -0.5% vs -0.1% expectedPrior month ex auto, +0.6% Ex auto and gas -0.6% vs -1.2% last monthDecember advanced estimate...
Japanese Yen Latest – BoJ Is Watching the Latest USD/JPY Rally with Interest
Japanese Yen Prices, Charts, and AnalysisJapanese inflation drifts lower in December.The Quarterly Output Report next week is key going forward.Download our complimentary Q1 Japanese Yen Technical and Fundamental Report Recommended by Nick Cawley Get Your Free JPY...
Divergent North American consumers are the focus of the economic calendar today
Mary DalyHappy Friday.The gold bulls are fighting back today but generally the FX market moves are dull.The price action could pick up on Bay Street at the bottom of the hour with Canadian retail sales for November due. We also get the advanced December reading. The...
ForexLive European FX news wrap: Dollar sluggish as equities gain, UK retail sales awful
Headlines:Markets:AUD leads, GBP lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields down 1 bps to 4.134%Gold up 0.5% to $2,033.42WTI crude flat at $74.07Bitcoin up 0.6% to $41,290It was a more tentative session for major currencies...
Global central bank policy pivot will be broad but not sharp, says Fitch
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,...
Dollar fails to seal the deal against the commodity currencies this week
I already outlined the technical predicament for AUD/USD earlier here. And the charts for USD/CAD and NZD/USD are also pointing to a lack of technical follow through by dollar bulls on the week.USD/CAD daily chartIn the case of USD/CAD, the pair did manage a push...
USDCAD Technical Analysis – Watch what happens around this key trendline
USDThe Fed left interest rates unchanged as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. The Summary of Economic Projections showed a downward revision to Growth and Core PCE in 2024 while the Unemployment...
Market Recap: Global Stocks on AI rally; Yen Drifting
Economic Indicators & Central Banks: US labor-market data, strong weekly jobless claims, and higher-than-expected retail sales have added pressure against market rate-cut expectations. Markets now pricing a 57% chance of a US rate cut in March, down from 75% a...
Gold returns towards a test of key near-term levels again
The near-term chart for gold tells a better story on price action in the precious metal so far this year:Gold (XAU/USD) hourly chartDuring the downside push two weeks ago, gold struggled to get above the key hourly moving averages. And after a break of the 100-hour...
US futures race higher as equities look to keep the rebound going
S&P 500 futures are now up 0.4% with tech stocks leading the charge once again after the gains yesterday. Nasdaq futures are up 0.7% while Dow futures are up 0.2% currently. After having struggled earlier in the week, equities are producing quite a solid...
AUD/USD looks to capitalise on yesterday’s technical bounce
AUD/USD has gotten off to an awful start to the year, with the pair sinking 0.6800 all the way down to below 0.6600 in trading this week. The low yesterday tested the December low before seeing a bounce and buyers are now looking to take advantage of that. The mood is...
The USA100 Breaks Through Resistance Levels Achieving New Highs
Technology stock investors ignore signals of a restrictive monetary policy in 2024 and continue buying tech stocks. The USA100 climbs to its all-time highs after rising 1.56% on Thursday. Applied Materials (+4.54%), Qualcomm (+4.22%) and Apple (+3.25%) are amongst the...