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,...
More on UBS call for a higher ‘Goldilocks market’ S&P 500 – on track to 5300
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 stocks close mixed as the market pivots… a little
The major US stock indices are closing with mixed results. There was a rotation out of the NASDAQ and S&P indices, into the Dow industrial average and the small-cap Russell 2000. That rotation came after the S&P tried to get a new intraday high, and the NASDAQ...
Economic calendar in Asia 13 February 2024 – RBA speaker
Kicking off the session is a speaker from the RBA at 8.55 am Sydney time (which is 2155 GMT and 1655 US Eastern time on Monday, 12 February).A little later will be further inflation information from the Reserve Bank of New Zealand. The RBNZ is clearly worried about...
Trade ideas thread – Tuesday, 13 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,...
The US natural gas market is on its knees
It might be time for US natural gas producers to turn off the pumps.Henry Hub is trading at $1.74 for March delivery, which is the lowest sine the early months of the pandemic. Excluding covid, you have to go back to 2016 when it only briefly traded below these...
Preview: What’s expected for Tuesday’s US CPI report?
The highlight of the economic calendar comes early this week with US CPI due on Thursday at 8:30 am ET. It's a straightforward economic indicator but also presents something of a philosophical problem for the FOMC.The headline numbers are expected to show some nice...
Crude oil futures settle at $76.92
The price of WTI crude oil had an up-and-down session with the price settling at $76.92, up eight cents or 0.10%. The high price reached $77.09. The low price was at $75.54.Crude oilLooking at the daily chart, the 200-day moving average is a $77.36 (green line on the...
NZDUSD corrects some of the rise from Friday, but bouncing into the close.
The NZDUSD moved higher on Friday on the back of a report from ANZ that they now saw 2 additional findings in 2024 (to 6%). That price the market and pushed the NZDUSD to a swing area between 0.61487 and 0.6159. The price rise stalled and rotated back to the downside....
US January federal budget deficit $22.0B vs $21.0B 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,...
US stocks give some back as the chipmakers sag
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,...
BOE’s Bailey: UK banks have come through turbulence of the last 4 years in sound health
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 failing after a break to new highs? Looking out for the possibility.
The USDCHF made a break above the ceiling from last week at 0.8761 today, but the move to the upside could only get about 11 pips to 0.8772 before stalling. The price has since moved back below the old ceiling at 0.87611. Will buyers turn to sellers?In the short term,...
Bitcoin surges above $50,000, setting new high going back to December 2021
The price of bitcoin has moved above the $50,000 level for the first time since December 2021. The high price reached $50,204 so far.Looking at the daily chart, the price is also about the 61.8% retracement of the move down from its all-time high. That level comes in...
USDJPY extends to the upside after testing a key support target at session lows & bouncing
The USDJPY moved lower in the Asian/European morning session and in the process tested the ceiling high from 2024 between 148.80 and 148.88. The low price got within four pips of the high of that swing area before rotating back to the upside. Holding that support,...
ECB’s Wunsch says the risks on inflation are quite limited
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,...
European equity close: Great start to the week
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,...
It’s just breathtaking
I wrote on the weekend about the power of the winning culture in US business and it's on full display again today. It's only a 0.3% rise in US stocks but look at this chart of the S&P 500.SPX dailyAt this point it seems poking holes in it is futile. It's the same...
US 10-year yields flirt with the highs of the year
US 10 year yields dailyGiven what stocks and economic data are doing, it's starting to look like US 10-year yields could break above this range. Tomorrow is the US CPI report and I get the sense the bond sellers are waiting for some kind of green light. Given the...
Nasdaq gets within 8 points of all time high closing level
NASDAQ index got within eight points of all time high closeThe major indices are all positive with the NASDAQ index leading the way with a gain of 0.29% at 16036.91. The high price reached 16049.43. That high price got within eight points of its all-time high closing...