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,...
Trade ideas thread – Friday, 16 February, 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,...
Morgan Stanley: Japan’s MoF not rushing to counter JPY weakness
USDJPY dailyMorgan Stanley observes that despite USD/JPY surpassing the 150 mark following strong US CPI data, Japan's Ministry of Finance (MoF) showed only moderate concern through verbal intervention. Their commentary suggests that while rapid currency movements are...
Crude oil futures settle at $78.03
The ups and downs continue this week in crude oil with a rise today of $1.39 or 1.81% to a settlement price of $78.03. On Monday the price moved higher, and on Tuesday the price rotated back to the downside, and today after first moving lower, the price has snapped...
The NZDUSD buyers are making a play away from a cluster of long term technical levels.
The NZDUSD buyers based the pair today at the 200 and 100-day MAs near 0.6075 to 0.6078. Those were just above the 50% of the move from the October 2023 to the December 2024 high. That midpoint comes at 0.6070. So with the cluster of key technical levels - the 50%,...
RBNZ Governor Orr: Flexible approach to inflation targeting remains appropriate
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,...
Waller Q&A: Crytpo to me is like baseball cards
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 doesn’t comment on monetary policy or the economy
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Watch live: Comments from Waller on “The Dollar’s International Role”
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,...
Geopolitics:Hamas rejects Israeli offer for 3 month cease-fire & exit of leaders from Gaza
Last week (or was it the week before), it was Israel rejecting Hamas's overtures for a cease-fire. Now it Hamas's turn.Hamas rejects Israel's offer for a three month cease-fire and the exit of its leaders from GazaHamas insists on releasing all Palestinian prisoners...
Atlanta Fed GDPNow model growth estimate down to 2.9% from 3.4% last
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 runs up to the 100-day MA and backs off. What next for the pair?
The EURUSD continued its run from earlier today, but did run into resistance at the 100-day MA at 1.0785. The price has since rotated lower and is now back down testing its 200 and 100-hour MAs at 1.0754 and 1.0749. Those levels are now the next barometer for this...
Goldman Sachs cuts GDP tracking estimate
Goldman Sachs is out with a note taking down its Q1 GDP tracker to 2.5% from 2.9%. They also lowered the Q4 tracker to 3.2% from 3.5% due to economic revisions.Here's what they had to say: Industrial production decreased by 0.1% in January and manufacturing production...
ECB’s Scicluna says he’s open to March rate cut
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AUDUSD moves higher and tests swing level and 100 day MA targets. Stalls. What next?
The AUD is not alone in moving higher vs the USD today. The USD is lower after US retail sales came in weaker than expectations. However, for the pair, although it did move higher, it did reach a resistance target defined by a swing area near 0.6523 and the 100-day...
What CPI report?
Powell definitely sleeps in a suitThe US CPI report is starting to look like more of a bad dream than a game changer. The initial market reaction was nightmarish with nowhere to hide but now virtually all those moves have been wiped out.The US dollar is largely where...
USDCAD fails on breaks higher from earlier this week. The shift turns buyers to sellers.
The USDCHF is failing on the break higher from earlier this week today. The weaker US retail sales has sent the pair lower.Technically, the price broke below a swing area between 1.3526 and 1.35428. The fall took the price all the way to the 200 day moving average at...
USDCHF gives back CPI gains as focus shifts to the weaker data today and lower yields
The USDCHF is moving lower and in the process, is retracing the gains from Tuesday after the stronger-than-expected US CPI data. Today, the US retail sales came out weaker than expectations - pushing the greenback lower. Yields are lower with the 10 year down -6.2...
BOE’s Mann: GDP is backwards looking, forward-looking data all look good
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US business inventories for December 0.4% versus 0.4% expected
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