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Wall Street Journal: “Strong Australian Services Sector Growth A Headache For RBA”
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,...
Decoding Fedspeak: How Central Banker Comments Move Markets – Gold & US Dollar
In the world of finance, words can sometimes be as powerful as actions. Known as "Fedspeak", the speeches, statements, and even subtle remarks made by key figures within the Federal Reserve can cause significant ripples or even tidal waves across global markets....
Goldman Sachs reiterates its 2024 year-end S&P 500 price target of 5,200
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,...
Global economic recovery, blistering commodities rally … threatening to derail the Fed
Dow Jones / Market Watch have a summary piece up that takes a broad look at the factors that are going to prevent a Fed rate cut any time soon:global economic recovery is fueling a blistering commodities rally in 2024 - threatening to derail the Federal Reserve's...
JP Morgan expect two to three cuts from the Federal Reserve in 2024, first in June
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,...
Australian Services PMI (March, final) 54.4 (prior 53.1)
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,...
New Zealand building permits +14.9% m/m (prior-8.6%)
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 3 Apr: ISM price data & Powell sends USD and yields lower
Major US stock indices close today with mixed resultsUS 10-year yields finish right at 4.35% againTreasury Secretary Yellen: important that US China maintain level economic playing fieldUS crude oil futures settle at $85.43Copper is beginning to cookPowell:Inflation...
More from Fed’s Kugler – sees a lot of jobs created by new businesses
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,...
ICYMI – PBOC says it’ll monitor changes in long-term yields during the economic recovery
China's central bank, the People's Bank of China, issued a statement yesterday filled with the usual reassurances: pledged to enhance implementation of monetary policies to stimulate domestic demand and revitalize the economyacknowledging that the economy is suffering...
Gold hits US$2300 for the first time
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’s Kugler says her expectations for Fed Funds consistent with March FOMC projections
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,...
Asian market holidays today – China and Hong Kong are out
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,...
Major US stock indices close today with mixed results
The major US stock indices are closing mixed. The Dow industrial averages lower. The broader S&P and NASDAQ indices are up modestly. The final numbers are showing: Dow Industrial Average -43.23 points or 0.31%S&P index of 5.78 points or 0.11% at 5211.59NASDAQ...
US 10-year yields finish right at 4.35% again
US 10 year yields dailyIn each of the past two days it looked like 10-year yields were breaking out but they've been reeled back to the 4.35% level. That was a double top in Feb/March and it continues to remain in play.Today it was the ISM services index and a...
Economic calendar in Asia Thursday, 4 April 2024 – another Fed speaker, China & HK holiday
The key points for the day are that Federal Reserve Board Governor Adriana Kugler is due to speak and Chinese and Hong Kong markets are closed for a holiday.From the Reserve Bank of Australia, Brad Jones, Assistant Governor (Financial System), will speak. Due at...
Trade ideas thread – Thursday, 4 April, 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,...
USDJPY remains above 100/200 hour MA & below a solid ceiling as buyers and sellers battle
In this video, I take a detailed look at the levels in play for the USDJPY as we look toward the US close and the start of the new trading day. On the top side there is a strong ceiling in place between 151.91 and 151.97.On the downside, there is support against the...