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,...
Comments from NY Fed President John Williams coming up next
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,...
Crude oil futures settle at $72.56 and near the high for the day
The price of the WTI crude oil futures are settling at $72.56. That is up $0.16 or 0.22%. The low for the day reached $70.50. The-high for the day reached $72.70.Yesterday the price settled at $72.40. The initial move today was to the downside as China data led to...
The oil dip-buyers score a rare win
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,...
ECB’s Nagel: The German outlook for 2024 appears to be a little better
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,...
Beige Book: A majority of districts reported little or no change in economic activity
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,...
Beige Book and Williams eyed as US equities fall further
The S&P 500 has extended its decline to 45 points, or 0.95%, and 4721. That's a session low and comes with US 2-year yields up 14 bps on the day, erasing the decline from last Thurs/Fri.Even with two days of declines, the losses in the S&P 500 have barely...
US treasury auctions offer $13 billion of 20 year bonds at a high yield of 4.423%
High Yield: 4.423%WI level as the time of the auction: 4.415%Tail: +0.8 basis points. Previous 1.5 bps, six-auction average -0.3 bpsBid-to-Cover Ratio: 2.53X. Previous 2.55x, six-auction average 2.58xDealers: 17.33%. Previous 12.9%, six-auction average 10.6%Directs (a...
The US treasury will auction off $13B of 20 year bonds (reopen) at the 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,...
Atlanta Fed GDPNow estimate for Q4 growth rises to 2.4% from 2.2%
Atlanta Fed GDPNow growth estimate rises to 2.4%The Atlanta Fed GDPNow model estimate for Q4 growth rises to 2.4% from 2.2% last. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.4...
USDJPY trends higher and higher but has found willing sellers near a swing area target.
The USDJPY has continued it trend like move the upside today. In the process the price cracked above the 100-day moving average and 61.8% retracement of the move down from the November high. That level came in at 147.45. The subsequent run to the upside after that...
Bitcoin falls 2.5% as flows continue to point to a disappointing ETF launch
It's beginning to dawn on some people that spot ETFs won't be a white knight for the bitcoin market.We're midway through the fourth day of bitcoin ETF trading and the results aren't anywhere near the +$2 billion the bitcoin bulls were touting in the first 48 hours....
AUDUSD keeps the trend going to the downside but reaches key swing level target.What next?
The AUDUSD has continued its move to the downside in trading today. Weaker China data helped to push the price further to the downside. Technicals have also had levels broken with the 38.2% at 0.66407, the 50% at 0.65699. The 200 day MA was also broken today opening...
European equity close: A rough outing
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,...
USD/JPY hits 148.50 as the non-stop rally continues
USD/JPY today cleared the last major hurdle standing in the way of a yet-another retest of 150.00.It rose above the 61.8% retracement level from November-December slump, cruising through and adding another 100 pips beyond it. It's up 130 pips to 148.50.USDJPY dailyThe...
Gold is lower as yields move higher, the dollar moves higher. What about the technicals?
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,...
Crude Oil Price Wilts As China Growth Falls Short, US Inventory Eyed
Crude Oil Price, Analysis and ChartsCrude prices shed more than a dollar after the China dataThe market faces multiple uncertainties, as its pricing reflectsNear-term falls look more likely.Crude oil prices fell by more than a dollar per barrel on Wednesday as China’s...
Gold nears $2000 as higher bond yields weigh
Gold has fallen to a one-month low as the market loses faith in imminent cuts from the Federal Reserve and other central banks. Today's US retail sales report underscored the point as the control group rose 0.8% compared to 0.2% expected.Gold was flat coming into US...
EURUSD bounces off the 200 day MA. Buyers and sellers continue to battle
The EURUSD fell to a new low and tested its 200-day moving average at 1.08462 in the process. Buyers leaned against that level on the first test, pushing the price marginally to the upside. As outlined in the previous videos this week, the 1.08788 – 1.0894 area...
US business inventories for November -0.1% versus -0.1% 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,...