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 reaches target swing area and finds some buyers
EURUSD bounces off a support target areaThe EURUSD move lower today wasn't over until it hit a swing area between 1.0722 and 107314. At that level, buyers have stuck a toe in the water and pushed the price modestly to the upside. The current price trades at...
FOMC minutes: Almost all members agreed it would be appropriate to pivot dovishly in 2024
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,...
Biden: Inflation news may delay rate cut but we will have a cut before year end
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 sees missile strikes on Israel by Iran or its proxies as imminent
The market breathed a sign of relief that there were no weekend strikes but now there's a newswire report that the US sees imminent strikes on Israel by Iran or its proxies.Here's the report from Bloomberg's Jennifer Jacobs:Oil jumped on the report and the yen caught...
What the bond market is telling us about the future of the US economy
Today's hotter US consumer price index report has proven costly for both investors and the US Treasury.The $39 billion 10-year Treasury auction sold with a yield of 4.56% compared to 4.53% before the sale. A three basis point tail is rare but it speaks to a market...
U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.56%
High Yield: 4.56%Previous: 4.166%Six-auction average: 4.285%WI level at the time of the auction: 4.529%Tail: 3.1 basis pointsPrevious: 0.9 basis pointsSix-auction average: 0.7 basis pointsBid-to-Cover Ratio: 2.34xPrevious: 2.51xSix-auction average: 2.52xDealers:...
U.S. Treasury to auction off $39 billion of 10 year notes at the top of the hour
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,...
Richmond Fed Pres Barkin: He thinks we are making and lot of progress on inflation
Off to a positive start as Richmond Fed Pres Barkin and Chicago Fed Pres. Goolsbee speaks on a panel:Barkin: Thinks we are making a lot of progress on inflationGoolsbee:Fed is facing more trade-offs this year than last yearIf the Fed officials are ambivalent about...
There is no text release from Richmond Fed Pres Barkin or Chicago Fed Pres. Goolsbee
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,...
As London/European traders exit, the USD is the strongest and AUD is the weakest
No surprise, but as the Europe/London traders head for the exits, the USD is the strongest and the AUD is the weakest. The AUDUSD is the biggest mover vs the greenback with a move of -1.84%. Looking at the 4-hour chart of the AUDUSD, the price moved back below the...
There is no let up in the USDJPY. It is a one-way move for the pair today.
USDJPY trends higher in one-way moveThe USDJPY is seeing no let up in the USDJPYs run to the upside. The pair after the US CPI search above the high prices from 2022, 2023 and 2024 between 151.91 and 151.967. The high price is currently trading at a new session high...
GBPUSD tests key support levels, eyes downside targets
The GBPUSD continues its run to the downside and has reached the next key target area at 1.2535. The low price from February 14 came in at 1.25343. The low price from last week reached 1.25386. The low price today has just reached 1.25389. A move below that level...
Goldman Sachs pushes Fed rate cut call to July from June
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UPDATE: EURUSD continues its run to the downside & trades to new lows.Sellers in control.
The EURUSD moved sharply lower after the stronger than expected US CPI, and has continued that trend since then. In the process, the price has moved below a swing area between 1.07950 and 1.08036. The current price trades at 1.0745. The swing area is now a key...
The US broader indices are lower with both the S&P and Nasdaq below MA levels. What next?
US broader US stock indices have been trending higher in 2024, but that trend higher has seen some "stall" of late. Today, the higher-than-expected CPI data, gapped the broader S&P and NASDAQ indices lower, and in the process took their prices below the 200-hour...
Macklem Q&A: Says June rate cut is within the realm of possibilties
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,...
Watch live: Bank of Canada press conference
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,...
EIA weekly US crude oil inventories +5841K vs +2366K 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 breaks higher and moves away from 38.2% retracement.
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,...