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,...
New Zealand Q3 unemployment rate 4.8% (expected 5.0%, prior 4.6%)
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,...
Private survey of oil inventories shows headline crude build much larger than 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,...
Major indices close near the high of the day as US voter go to the polls
The major US indices close near highs as the US voters go to the polls. The general rule was that stocks would benefit more from a Trump victory, but who really knows. Share of Trump Media is closing the day down -1.16% and is down -3.0% in after-hours trading at...
Economic calendar in Asia Wednesday, November 6, 2024 – Harris vs. Trump the focus
Harris vs. Trump day here in Asia. Counting will commence around 6pm US Eastern time and I suspect we won't get a definitive result before most of the US goes to bed. Apart from the election there are a few items of interest on the calendar here in the region. The New...
Trade ideas thread – Wednesday, 6 November, 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,...
EURUSD buyers take the price to new highs and approaches a cluster of resistance
The EURUSD is continuing its move to the upside despite stronger services ISM nonmanufacturing data today. Employment moved higher as well. New orders were lower and prices paid was lower as well. Of course the election voting is ongoing with the results still hours...
Crude oil futures settle at $71.99
Crude oil futures are settling at $71.99, that is up $0.52 or 0.73%.Some influences:OPEC+ delayed 180,000 barrels per day of monthly production increases to January.US election uncertainty: Vice-President Kamala Harris and former president Donald Trump are neck and...
BOC Meeting minutes: BOC felt upside pressure on inflation will continue to decline
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,...
The Atlanta Fed GDPNow growth estimate 2.4% vs 2.3% last
The Atlanta Fed GDPNow growth estimate for Q4 came in marginally higher at 2.4% vs 2.3% last. In their own words:he GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.4 percent on November 5, up from 2.3...
USDCHF falls below 100 bar MA on 4-hour and stays below, but support holds at swing area.
The USDCHF is trading up and down in trading today as the pair buys time ahead of the election results. The low for the price action has found support buyers in a key swing area between 0.86078 and 0.8619. That area also held support on Monday. On the upside, the 100...
US sells 10-year notes at 4.347% vs 4.350% WI
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 moves lower as the election day continues. Tests 100 bar MA and swing area.
The USDCAD is moving lower in sympathy with the overall US dollar weakness ahead of the election vote and results (at least some of them) later today. The move lower was also helped by the failure to keep the upside momentum going after breaking to a new high for the...
US 10-year auction risks a buyers strike ahead of the election
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,...
Video: Canadian dollar higher into the US election but structural concerns won’t go away
I spoke with Reuters today about the Canadian dollar. It's surprisingly stronger given that Trump trades are working. "We could just be seeing some position squaring. The Canadian dollar has been a heavily shorted currency," said Adam Button, chief currency analyst at...
What key levels are in play for the EURUSD, USDJPY and GBPUSD through the US elections
The US election day will keep the markets on edge, but technically, the process should be followed. The price action and the tools will help to define the the bias, define the risk and define the targets.. In this video, I take a look at the EURUSD, USDJPY and GBPUSD...
Does the stock market know something we don’t?
The S&P 500 is up 1.0% today and it's being helped along by some 'Trump trades', including shares of his social media company DJT, which are up 14%.DJT shares dailyOver in non-meme markets, the KRE regional bank ETF is up 1.3% and widely seen as a Trump trade....
European equity close: German stocks lead ahead of the US election
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,...
Trump campaign had discussions about declaring premature victory – report
A newswire report suggests Trump's campaign has had discussions about declaring a victory before any official calls are made, citing sources.There is some angst about this in political circles but he did the same thing in 2020 and it didn't accomplish anything.The...
UK gilt yields rise above last week’s high. US Treasury to sell 10s later
A poor auction of gilts today has been compounded by a broad selloff in global fixed income following a strong US ISM services report. That's helped to press UK 10-year yields 7 bps higher and marginally above last week's high.The Chancellor's October 30 budget...