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EURUSD bounces off support but sellers remain in control
The EUR/USD moved lower on Monday, erasing much of last week’s gains. However, the pair found support near a key swing area between 1.0448 and 1.0461, where buyers stepped in to halt the decline. This level remains a critical support zone for the pair.Following the...
More from Fed’s Williams: Labor market softer but still pretty solid
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New Zealand data: Q3 2024 Terms of trade +2.4% q/q (expected +1.8%)
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,...
NY Fed Pres. Williams: Expects more rate cuts to happen over time
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,...
Forexlive Americas FX news wrap: US dollar starts strong but gives it back
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 and Nasdaq close at record levels to start the new month
The major stock indices in the US are closing mixed with the Dow industrial average lower, the broader S&P and NASDAQ indices are higher. The small-cap Russell 2000 was little changed. Both the S&P and NASDAQ indices closed at record levels The final numbers...
Sad day for markets: Art Cashin dead at 83
Art CashinIt's a sad day in markets as long-time CNBC voice Art Cashin is dead.He was truly one of the best analysts. He was in the trenches for a long time and was full of wisdom. His title was UBS’ director of floor operations at the New York Stock Exchange and was...
Waller Q&A: Average inflation target framework “blew up” very quickly
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’s Waller speech: ‘I lean towards supporting a cut in December’
Christoper WallerThis is dovish stuff from Waller, who is the most-hawkish governor. To me, it makes it highly likely we will get a cut this month even if the jobs report is hot.One could argue a case for skipping a rate cut in December, will be watching data closely...
Goldman Sachs: We expect Trump’s tariff increase to fuel USD strength in 2025
Goldman Sachs anticipates President-elect Trump’s proposed tariff hikes—expected to be double the size of the previous round—combined with tax cuts, to significantly bolster the USD in 2025, despite initial market volatility.Key Points:Aggressive Tariff...
France no-confidence vote likely to come on Wednesday
French left and right wing parties have both pledged to bring down Michel Barnier's government and Reuters reports that the vote is likely Wednesday.The move comes after Barnier and Macron tried to use constitutional amendments to push through a budget.If the...
Bitcoin falls to the lows of the day, breaks $95,000 to the downside
There is a divergence unfolding with the Nasdaq up 1% but bitcoin now at the lows of the day, down nearly 3%.Bitcoin had showed some strength early in US trading but couldn't crack $97,500 and sellers have now taken over in a relatively quick drop to $94,500, which is...
Here are the top priorities of Republicans in the upcoming term
Republicans have a small House majority at 220-215 so it will be tough to get a consensus on everything and that majority will shrink further with some set to join Trump's White House. In the Senate, they can only afford to lose 3 votes as well and there are some...
Oil gives back gains, turns negative
Oil started the week strongly and was up $1.20 early in US trading.It's since given it all back and is now down $0.10 to $67.86. This would be the fifth consecutive day of declines for oil prices, which are at the lowest since November 18.The OPEC+ meeting originally...
Fed’s Bostic: Not going into December meeting with the sense that outcome preordained
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Atlanta Fed GDPNow +3.2% vs +2.7% prior
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The bond bid returns, USD/JPY falls to the lowest since Oct 20
The early selloff in the US Treasury market has reversed, with yields now nearly flat on the day. US 2s are up 2 bps and 30s are down 2 bps. Earlier yields were 3-5 bps higher across the curve.With the reversal, the US dollar is falling, particularly against the yen...
Nasdaq breaks the early-November high as big cap tech leads the way
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 climbs as manufacturing surveys highlight rush to buy supplies
The US Dollar Index has extended today's gain to 0.8% on broad strength. It's particularly strong against the euro, which is struggling as France's left and right wing opposition appear to be united in efforts to oust Barnier after he invoked constitutional rules to...