GBPUSD buyers trying to push higher (again)The GBPUSD buyers are trying to push the pair above a swing area and into more open space. Having said that, the buyers are "trying". The swing area is between 1.2723 and 1.2732 (see red numbered circles on the chart above)....
EURUSD moves to new week high/high going back to August 10
EURUSD trades to highest since August 2023The EURUSD has moved to a new week high and high going back to August 10. The next key target is that August 10 high at 1.10648. The high price today reached 1.10395 today. A move above 1.10648 will have traders targeting a...
US new-home sales for November 0.590M vs 0.685M estimate
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,...
UMich November US consumer sentiment final 69.7 vs 69.4 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 major indices higher helped by lower inflation. Nike throws out a warning.
The major US indices are trading higher after tame core and headline PCE data out of the US this morning. The good news is inflation is melting away. There is some worry, however. Nike reported their earnings after the close yesterday and their guidance was not all...
Iran paramilitary forces helping Houthis target ships -report
Iran’s paramilitary forces are providing real-time intelligence to Yemen’s Houthis that are then used to target ships in the Red Sea, according to the WSJ citing "Western and regional security officials."“It’s strange to attribute everything to Iran as if it were the...
US dollar initially pop on US economic data, then fades to session lows
The US dollar initially rallied after the dual releases of PCE inflation data and durable goods orders. The latter was strong and that initially carried the day but a closer look at PCE put the focus back on inflation and the likelihood the Fed will reach its target...
Weekly Market Recap (18-22 December)
The New Zealand Services PMI for November jumped back into expansion:Services PMI 51.2 vs. 49.2 prior.BNZ Senior Economist Doug Steel:“Despite November’s lift, the PSI remains below its long-term norm of 53.5. And the combination of contracting activity/sales and...
USDJPY trades below key resistance levels as inflation data continues to soften
USDJPY below the 200 day MA and 38.2% retracementThe USDJPY is trading toward the low for the day after an up and down run after the data dump at 8:30 AM. The key was the PCE inflation data. Inflation in the US is clearly trending lower. The market is chatting about...
Belgian December business confidence -12.7 vs -15.0 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,...
[새로운 부업] 하루 3~5분! 공짜로 영어 배우며 돈버는법 BEST2 (영어 몰라도 언제 어디서든 가능! 지금 바로 따라해보세요)
https://www.youtube.com/watch?v=RiCa8vpZw-o 집에서 가능한 재택 부업을 비롯해, 그동안 돈버는 다양한 직장인 부업과 투잡을 소개해드렸는데요, 오늘은 새로운 부업으로 하루 3~5분만 써서 영어 배우며 용돈버는 방법을 소개합니다. 나이 학력 무관한데다, 영어 못해도, 몰라도 가능하고 폰만 있으면 누구나 쉽게 도전해볼 수 있는 부업인데요, 0원으로 시작할 수 있고, 가이드를 참조해 1번만 따라해 보면, 너무 간단해서 영상을 보시고, 월급 외...
US November PCE core inflation 3.2% vs 3.3% expected
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Canada October GDP MoM 0.0% versus 0.2% 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 durable goods orders for November 5.4% vs 2.2% estimate
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,...
[새로운 부업] 하루 3~5분! 공짜로 영어 배우며 돈벌기 BEST2 (영어 몰라도 가능! 지금 바로 따라해보세요)
https://www.youtube.com/watch?v=RiCa8vpZw-o 집에서 가능한 재택 부업을 비롯해, 그동안 돈버는 다양한 직장인 부업과 투잡을 소개해드렸는데요, 오늘은 새로운 부업으로 하루 3~5분만 써서 영어 배우며 용돈버는 방법을 소개합니다. 나이 학력 무관한데다, 영어 못해도, 몰라도 가능하고 폰만 있으면 누구나 쉽게 도전해볼 수 있는 부업인데요, 0원으로 시작할 수 있고, 가이드를 참조해 1번만 따라해 보면, 너무 간단해서 영상을 보시고, 월급 외...
ForexLive European FX morning news wrap: Xmas weekend subdues major currencies
Headlines:Markets:CHF leads on the dayEuropean equities little changed; S&P 500 futures down 0.1%US 10-year yields down 3 bps to 3.861%Gold up 0.5% to $2,055.53WTI crude up 1.0% to $74.62Bitcoin down 0.7% to $43,720Things are truly winding down in financial...
Oil set to end the year lower but it could’ve been worse
It has been a rather challenging year for oil. From talks of tighter market conditions to slowing economies across the globe, there were arguments to both sides of the story. And that is also reflected somewhat in price action, with the high for WTI crude being at $95...
Japan projects higher interest rates for upcoming budget for the first time in 17 years
The Japanese Ministry of Finance just announced that it will cut spending for the first time in 12 years in the 2024/25 budget, as they prepare for a shift away from ultra easy monetary policy settings. The budget is estimated around ¥112 trillion, down 2% from the...
European equities lightly changed with Christmas weekend coming up
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,...
UK retail sales beat masks the greater pain that households are facing
So, what exactly does that mean? Essentially this: Paying more for lessInflation may be coming down on paper but there remains a major divergence between what consumers are paying and what they are getting in food stores. And ultimately, that trickles down to every...