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 settles at $71.37
The price of crude oil futures is settling at $71.37. That is day $0.87 or -1.20%.The low price for the day reached $71.01. The high price was at $73.59.The weekly EIA inventory data showed larger-than-expected builds in crude, gasoline, and distillates. That helped...
Why is anyone still paying 2&20?
A twitter user posted returns for some big hedge funds in 2023 and once again only about 20% of them outperformed the 24% gain in the S&P 500 (congrats to Light Street and Whale Rock, whoever you are).However 100% of them charged huge fees for either having or not...
SEC says the content from the approval tweet was not drafted by them
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 index moves closer to all-time high closing level
S&P indexes closer to its all-time high closing levelThe major stock indices are trained to new session highs. In the process, the S&P index is now within about 12- 13 points of its all-time high closing level of 4796.57. The high-priced just reached 4784.73....
Preview: What to look for in the December US CPI report
US CPI m/mIt has been a barren week on the economic data calendar to this point but it picks up on Thursday with the release of the US consumer price index report for December.In my view, the market has largely moved on from the inflation debate and it's increasingly...
US Dollar, Yields Mixed Before US CPI, Setups on EUR/USD, GBP/USD, Nasdaq 100
US DOLLAR, EUR/USD, GBP/USD, NASDAQ 100 FORECASTU.S. dollar softens amid mixed Treasury yields ahead of key U.S. inflation data on ThursdayThe Nasdaq 100, meanwhile, treks upwards but the move lacks strong conviction, with traders avoiding large directional positions...
Boeing CEO Calhoun: What happened should never happen, and can never happen (..but it did)
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,...
Bitcoin price rises as signs mount that an ETF approval is looming
bitcoin 10 mins chartAll signs continue to point to an imminent approval of a bitcoin ETF.The latest is that Fidelity's trading app shows tickers for the prospective spot ETFs, though they're not yet available to trade. Other reports are highlighting a Cboe filing...
U.S. Treasury auctions off $37 billion of 10 year notes at a high yield of 4.024%
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 finds support buyers near 100-hour moving average
The USDCAD has chopped lower in trading today. The move to the downside comes after yesterday's run higher stall against the holy of a swing area between 1.3397 and 1.34144. However, today's low found the support buyers against its rising 100-hour moving average. That...
The US treasury will auction off $37 billion of 10 year notes at 1 PM ET
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,...
A mixed day for the major European indices
The major European indices are closing the day with mixed resultsGerman DAX rose 1.43 points or 0.01%France CAC fell -0.54% or -0.1%UK FTSE 100.fell -32.18 points or -0.42%Spain's Ibex rose 6.8 points or 0.07%Italy's FTSE MIB rose 54.99 points or 0.18%As European...
AUDUSD buyers had their shot today and missed. What next?
The AUDUSD moved off of swing-level support on the hourly chart at 0.6676 both yesterday and early in the Asian session today. After running up to test its falling 100-hour moving average and finding willing sellers, the traders regrouped and made a second attempt in...
EURUSD extends higher and looks toward 200 hour MA
EURUSD is pushing higherThe EURUSD has run to the upside in the US in session and in the process is looking to test its falling 200 hour moving average. That moving average comes in at 1.09702 (green line in the chart above). The price moved below that moving average...
Blinken: There will be consequences for continued attacks in the Red Sea
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 moves lower after the inventory builds
The price of crude oil is moving lower after the weekly inventory data showed a stronger build than expected. Crude oil inventories showed a build of 1.338 million barrels versus a drawdown of -0.675 million estimate. Gasoline and distillates were also much...
US weekly EIA crude oil inventories +1338K vs -675K 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,...
USDCHF range trading today: What lies ahead matters more
The USDCHF is trading at a very narrow point to perpetrating range today. Below comes in near 0.8512. The high comes in near 0.8534. That's not a lot. So why bother?The windshield is bigger than the rearview mirror. In other words what the hand is more important than...
USD/JPY rises 100 pips after wage data disappoints. Eyes on the BOJ
USDJPY dailyUSD/JPY is in focus today after November wage data showed another deep fall, potentially derailing plans for the Bank of Japan to begin normalizing policy this year.Labour cash earnings rose just +0.2% year-over-year compared to 1.5% expected. Real wages...