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 head-and-shoulders forms in AUD/USD after five straight weeks of losses
AUDUSD dailyThe RBA decision is about five hours away and Australian dollar bulls could certainly use a lifeline. Unfortunately, I don't see many paths today that. No change in the 4.35% cash target is coming today and I can't imagine some kind of shift back to rate...
Trade ideas thread: Can the kangaroo fight off the panda?
It's RBA so eyes are on the Australian dollar as it traded to the lowest since November 17 today.A fair bit of that is US dollar outperformance but the Aussie is also lower this year against the euro and Canadian dollar, while only eeking out a tiny gain against the...
Forexlive Americas FX news wrap 5 Feb: Strong non-manufacturing PMI sends yields/dollar up
The USD was the strongest of the major currencies coming into the US trading session and continued its run to the upside in the session. It is ending the day as the strongest. The GBP is the weakest. The strongest to the weakest of the major currenciesFundamentally,...
Coming up in Asia Pacific trading: It’s RBA day, Japan household spending too
RBAIt's RBA day. The decision will come at 2230 ET (2:30 pm Sydney time) and no change from the 4.35% cash rate is expected now or for awhile.Before that, we will have some notable data with Japanese December household spending out at 1830 ET (830 am in Tokyo) and...
US stocks close lower. Declines led by the Dow 30
The major US stock indices are all closing lower after the Dow and S&P closed at record levels on Friday.The Dow losses are led by McDonald's and 3M declines of -3.65% and 2.25% respectively. Higher yields was a catalyst for the declines. The US 2-year yield is up...
NZDUSD breaks and stays below 100 day MA and a key swing area. What next?
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,...
EURGBP buyers are mking a play to the upside with a break above the 100 bar MA on 4H chart
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 banks in Q4 reported tighter lending standards to households
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,...
Atlanta Fed Pres. Bostic: Wage growth is settling back into more normal patterns
Fed officials are out of the quiet period after last week's rate decision. Fed's Goolsbee is not shy to weigh is ASAP (he was chatting on Friday). Fed Chair Powell went on 60 minutes over the weekend. Fed's Mester, Barkin and Kugler are all scheduled to speak this...
US yields come off the burner….
US 10 year yield is above 200 day MAThe US yields are coming off the boil that had the 10 year get within 2 basis points of the 2024 high yield of 4.196%. The high yield today reached 4.177% and is currently at 4.147%. Although off the boil, the 10 year yield did move...
UKs King Charles has been diagnoses with cancer
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 Dollar Forecast: USD/JPY Attacks Resistance as EUR/USD & GBP/USD Break Down
Recommended by Diego Colman Forex for Beginners Get My Guide Most Read: US Dollar Forecast - Bulls Return as Bears Bail; Setups on EUR/USD, USD/JPY, AUD/USDThe U.S. dollar, as measured by the DXY index, extended its gains and was sharply higher on Monday, bolstered by...
Bank of England Pill: UK economic activity has been quite weak
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 NASDAQ is clawing back declines
The NASDAQ index is clawing back its declines. The index low of 15471.68 took the index down -157.27 points at session lows. It is currently down -26 points or -0.16% at 15604.76. The high price has reached 15633.86.The S&P is also taking back some of the...
European indices close the session with declines. Modest declines in Dax, CAC and FTSE 100
The major US stock indices are mostly lower, but declines in the German DAX, France CAC and UK FTSE 100 are modest, and Italy sees gains. A snapshot of final numbers shows:German DAX -0.08%France CAC, -0.03%UK FTSE 100 under an -0.04%Spain's Ibex -1.20%Italy's FTSE...
Gold continues its move to the downside as yields and USD moves 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,...
USD moves to 4-week high. Spike in yields continue with 10 year back above 200 day MA
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,...
TECHNICAL UPDATE: GBPUSD tests retracement level of the move up from the October 2023 low
The GBPUSD has moved to a new session low near 1.2526. That is just above the 38.2% retracement of the moveout from the October 2023 low to the December 2023 high. That retracement level comes in at 1.25245. Earlier today, the price finally moved outside of the 1.2600...
EURUSD testing the December lows
EURUSD tests the December lowThe EURUSD is extending to a new session low, and in the process is testing the December low and swing level near 1.07233. A break below that level would then target the 61.8% retracement of the move up from the October low at 1.0712. Will...