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 needs to cut by 100bp just to get to neutral, not their job to push back equity rally
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,...
Japanese incomes projected to increase by 3.8% in fiscal 2024, surpassing inflation
The Nikkei (Japan media outlet) have a sneak leak of a Japanese Cabinet report due today, Thursday, 21 December 2023, that shows Japanese incomes will rise faster than inflation in fiscal 2024.Saying its a hopeful sign for consumers even if much of the anticipated...
ICYMI – Goldman Sachs brings forward its BOE rate cut forecast to May from June previously
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,...
Forexlive Americas FX news wrap 20 Dec:US stocks down. Yields down & USD higher.Weird day
All good things must come to an end, and the run in the US stock market has been a ride that was going to come to an end sooner rather than later. It did take 9 days to snap the Dow and the Nasdaq streak. For the Dow it made 5 consecutive new all time highs once it...
Morgan Stanley predict the Federal Reserve may not cut interest rates until June
Fed may not cut interest rates until June, Morgan Stanley economists warns Morgan Stanley said the next few inflation prints could be sticky and the Federal Reserve may not begin cutting interest rates until later than many expect. “We think it will take until June...
US stocks plunge as major indices break winning streaks
Major US stock indices finally fell in unison. The NASDAQ and the S&P both fell around -1.50%. The Russell 2000 was the biggest decliner with a fall of close to -1.9%. The Dow and NASDAQ nine-day winning streaks were broken. The final numbers are showing:Dow...
Economic calendar in Asia 21 December 2023 – a light one
It's a light one on the data agenda for the session in Asia with minor releases from Japan and New Zealand. Friday will be much for interesting as it'll bring the final Japanese inflation data for the year. More to come on this in tomorrow's calendar preview!This...
US stocks hit new highs and then reverse in a nasty move lower
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,...
Trade ideas thread – Thursday, 21 December, 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,...
USDCAD trades to a new intraday high. Looks toward 100 hour MA for more buying confidence.
The USDCAD is making a new session high and in the process is taking a peek above a swing area between 1.3348 and 1.3353. Getting and staying above the area, and then testing - and moving above - the falling 100-hour moving average at 1.37707 would be needed to...
They’re throwing in the towel on China as Taiwan fears grow
It's always darkest right before it goes completely back.It's been a rough year for the Chinese market and it's finishing on a bad note. Have a look at the FXI China ETF today. It's down 5% and at the lowest since November 2022.Stock markets everywhere have been...
Stocks reversing. Fast break the other way
The major US stock indices have hit the skids with the NASDAQ down 100 points now or -0.68%. The S&P index is also down by around the same amount.Nasdaq falls below 100 and 200 bar MAsLooking at the short-term five-minute chart of the Nasdaq index, the fall below...
US equities tilt lower as Fedex falls 11%. Outside day on the Nasdaq
The market didn't like what it heard from FedEx in yesterday's post-closing earnings report and shares of the company are down 11%. Fedex is a good proxy for broader economic activity and the fall in its shares might be giving the bulls second thoughts. In the Nasdaq,...
AUDUSD holds gains above midpoint, consolidation continues
AUDUSD holds onto gains above 50% midpointThe AUDUSD has consolidated the gains from yesterday which saw the pair move away from the 50% midpoint of the 2023 trading range. That midpoint level comes in at 0.67134. The high yesterday extended to 0.6774. The high price...
ECB’s Kazaks: Rates to remain at 4.00% for some time before likely cut
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,...
BOC minutes: Agreed the likelihood that mon pol was sufficiently restrictive had increased
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US sells 20-year bonds 4.213% vs 4.198% WI
Prior was 4.780%Bid to cover 2.55 vs 2.36 prior, recent average 2.68The 20-year has the fattest yields on the curve but it wasn't enough as we get a 1.5 bps tail. I get the sense the market sniffed this out in the past few hours as yields moved up in a concession.US...
The U.S. Treasury to auction $13 billion of 20 year bonds 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,...
Philadelphia Pres. Harker: The job on controlling inflation is not done
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,...