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,...
Banking worries are back and bonds are bid
KRE bank indexIt was around this time last year that US banking worries began to percolate. That ultimately catalyzed into something of a crisis in March as several banks were wiped out including Silicon Valley Bank, First Republic Bank, Silvergate Bank and Signature...
USDCHF is trading between MA resistance above, and a key swing level below. Get updated.
The USDCHF moved from a key swing area at 0.86058 in the early Asian session. That was a floor but back to January 17 before breaking to downside yesterday ahead of the FOMC rate decision. The subsequent move to the upside after Fed Chair Powell put the kibosh on a...
US construction spending for December 0.9% versus 0.5% expected
Construction spending rise by 0.9%Prior month 0.4% revised to 0.9%Construction spending for December 0.9% versus 0.5% expected. Highest level since May 2023Private construction 0.9% vs 0.7% last monthPublic construction 1.3% vs -0.7% last monthStronger than expected...
US January ISM manufacturing 49.1 vs 47.0 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 January S&P Global final manfacturing PMI 50.7 vs 50.3 prelim
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,...
Rebound. Stocks higher after getting smashed after Powell comments
Rebound.The major stock indices are rebounding higher in early US trading after getting smashed yesterday on the Powell comment that the base case is not for a March rate cut. Analysts have adjusted their expectations to the May/June area as a result. Yesterday the...
Canada S&P Global manfuacturing PMI 48.3 vs 45.4 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,...
February seasonals: The worst month of the year for the Nasdaq
There is bad news on the seasonal front as we enter February, it's the second-worst month for the S&P 500 over the past 100 years and the third-worst since the millennium. For the Nasdaq, it's the worst month since 2000. However there is strong evidence behind...
FBS Analysts Predict Bitcoin Downturn Amidst Anticipation of 2024 Federal Reserve Rate Cut
FBS analysts project a looming downturn for Bitcoin as the market players await the upcoming Federal Reserve’s key rate cut in 2024. This tendency signals the rising probability of the BTCUSD’s closing bullish trend, as rate hikes frequently influence risk assets such...
Bitcoin technical analysis video shows bears still in control
Dive deep into the latest Bitcoin market trends with our comprehensive technical analysis for February 1st, 2024! 📊 Whether you're a seasoned trader or new to the crypto world, this video has got you covered with crucial insights and potential trading strategies....
US initial jobless claims 224K vs 212K 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,...
US Q4 prelim unit labor costs +0.5% vs +1.6% 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,...
ForexLive European FX news wrap: BOE sticks to the status quo, dollar stays firm post-Fed
Headlines:Markets:USD leads, AUD lags on the dayEuropean equities mixed; S&P 500 futures up 0.5%US 10-year yields down 3.4 bps to 3.931%Gold down 0.1% to $2,034.35WTI crude up 0.3% to $76.07Bitcoin down 0.9% to $42,100The main highlight of the session was the BOE...
It’s a headline-traders’ market: What’s coming up today
The lesson from yesterday was that the only thing this market cares about is the next headline. If that's the case, then there will be plenty of twists and turns today.At 8:30 am ET:Initial jobless claimsQ4 unit labor costs9:30 am - Canadian S&P Global PMI9:45 am...
Bailey Q&A: If we follow market path inflation would be above target for three years
It doesn't get much more direct than this: "if we were to follow the market rate conditioning path, we think inflation would be above target for much of the next three years."I would advise some humility after the past three years of monetary policy foibles but Bailey...
Traders pare BOE rate cut bets, June no longer fully priced in
For some context, the odds of a May rate cut were around ~69% coming into today and traders had fully priced in the first BOE rate cut for June this year. Right now, the former has dropped down to ~45% while the latter is only ~96% priced in. This is helping to give...
Bailey Q&A: We need to see evidence of services inflation easing back
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 Bailey: We are not yet at a point where we can lower rates
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 January Challenger layoffs 82.31k vs 34.82k 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,...