The cryptocurrency market continues to experience a steep downtrend, marking its third consecutive day of losses. Bitcoin (BTCUSD), the market leader, has fallen approximately 12% over this period, crossing below a critical support level not breached in the last 50...
Forexlive Americas FX news wrap 9 Jan: Pres. Carter is laid to rest. USD higher.
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 Schmid: We won’t likely get to 2% inflation until 2026
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,...
EUR/USD Trade Idea
EUR/USD Trade Idea: Fade the Rally StrategyThe EUR/USD futures market is showing persistent bearish pressure as it trades near 1.03305, as this EURUSD analysis shows, with key resistance levels above and bearish momentum evident in the long-term performance. This...
Fed’s Bowman: The Fed should be cautious in considering changes to policy rate
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 Schmid: Any further rate cuts should be gradual and data driven
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,...
Why the Fed won’t pivot to neutral any time soon
The market came into the year expecting Federal Reserve officials to shift to a less-dovish stance. Deutsche Bank came into the year saying that the Fed wouldn't cut at all and many were expecting the more-hawkish FOMC members to at least float the idea of a...
Buyers in control in the USDCAD. What would tilt the bias back down?
The USDCAD sellers had a shot earlier this week with breaks outside an up-and-down "Red Box" to the downside. The first move was on Monday. The 2nd on Tuesday. Each failed on the break The sellers had their shot. They missed. The price rise saw the pair's price move...
European equity close: Third gain in four days
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 Breeden: Recent evidence further supports case to withdraw policy restrictiveness
BoE's BreedenThis is a notable comments as Breeden voted with the 6-3 majority to keep rates unchanged at 4.75% in December. The market is pricing in a 65% chance of a cut on February 6 but that's looking too low.I think one of the better trades of 2025 will be a...
USDCHF waffles in a narrow trading range, but what next? Where is close support/resistance
The USDCHF is trading in a narrow range today (only 33 pips). However, the buyers remain in control after the bounce off support on Monday and gains over the last few days. The price had moved back into a swing area on the daily chart between 0.9112 and 0.9156. That...
David Tepper and the next time a hedge fund titan says ‘buy everything’
It should be a quieter day in US markets today because of the stock market closure for Jimmy Carter's funeral. That gives me a chance to revisit one of the most-memorable financial markets TV appearances of last year.The date was September 26 and the guest was...
More from Harker: Appropriate for Fed to ‘take a bit of a pause’ amid uncertainty
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 Collins: Calls for gradual patient approach to rate cuts
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 Harker: FOMC still on rate-cutting path, future moves driven by data
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 is testing $92,000 once again
Yesterday I highlighted that bitcoin has held $92,000 (or near that level) on six separate occasions since breaking above $100,000 for the first time. Another test is unfolding now with it trading perilously close to that level and at the lows of the day.Bitcoin 5...
Kickstart the FX trading day for Jan 10 w/ a technical look at the EURUSD, USDJPY & GBPUSD
The US is observing a national day of mourning as former Pres. Jimmy Carter's layed to rest. The New York Stock Exchange and the NASDAQ Exchange will be close but the futures are open as is the US bond market. In US futures trading, the S&P futures are impying a...
Jimmy Carter’s funeral should keep a lid on US trading but Fedspeak is on the agenda
Jimmy CarterThe United States is holding a national day of mourning for Jimmy Carter today following his December 29 death. That's led to a re-write of the economic calendar with the bond auction scheduled for today moved up and economic data released adjusted.SIFMA...
ForexLive European FX news wrap: Dollar mostly firmer, pound woes continue
Headlines:Markets:JPY leads, GBP lags on the dayEuropean equities mixed; S&P 500 futures down 0.2%US 10-year yields down 3.4 bps to 4.658%Gold up 0.4% to $2,673.22WTI crude up 0.3% to $73.56Bitcoin down 1.1% to $93,409The dollar is holding firmer at the balance in...
US December Challenger layoffs 38.79k vs 57.73k prior
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,...