I posted on this yesterday:The conclusions reached by JPM are not really news, any analyst with two brain cells to rub together can see that profligacy will lead to higher inflation and higher rates. This is not in dispute, we see it all the time across the globe. Be...
Down day to start US election week
The major US stock indices are closing lower to start the US election week. The Dow 30 fared the worst of the major 3 indices. The final number are showing:Dow industrial average -257.60 points or -0.61% at 41794.60S&P -16.11 points or -0.28% at 5712.69Nasdaq...
Forexlive Americas FX news wrap: Equity markets sag as we hit the final stretch
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,...
Economic calendar in Asia Tuesday, November 5, 2024 – US election day (wait for it …)
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 – Tuesday, 5 November, 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,...
AUDUSD is back lower after run higher stalls near key topside target resistance.What next?
The RBA will be announcing its rate decision later tonight/tomorrow in Australia. The expectation is for no change in policy. Focus will be on what is ahead for the central bankTechnically, the price high reached 0.66184 in the early Asian session. That took the price...
Barclays: What we expect from the November RBA meeting
Barclays expects the RBA to adopt a hawkish tone at its November meeting, reinforcing the message that rate cuts are unlikely in 2024. With the Australian economy operating above potential and core inflation still above target, the RBA is expected to signal a steady...
Credit Agricole: What we expect from the November RBA meeting
Credit Agricole anticipates the RBA will hold rates at this week’s meeting, with Australian inflation and activity data aligning with forecasts, supporting a continued hawkish stance relative to other G10 central banks. Despite stable inflation and moderate retail...
Crude oil futures settle at $71.47
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,...
Traders – like football teams – should be rooted in the process….
The next few days are some big ones for the markets and for you too as a trader in the markets. The US election is a toss-up, which given the history of the past elections will likely lead to chaos. Everything and anything can happen. If it were a sporting event, it...
The US treasury auctions off $58B of 3-year notes at a high yield of 4.152%
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 treasury auction $58B of 3- year notes 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,...
Legend of Arcadia: Redefining Community-Driven Operations
Legend of Arcadia (LoA), a new card-based RPG set in an expansive universe inspired by Kingdom Hearts, is bringing a community-driven operational model to Web3 gaming. With a focus on sustainable growth, LoA aims to establish itself as a leading platform by...
Canadian dollar bounce highlights the Presidential premium
Harris from her Montreal highschool yearbookThe world of foreign exchange is multi-variate so you never get a full grasp on what's moving a currency on any given day.Economics always overshadows politics and the US election has been playing out in the background for...
OPEC survey: Output rises 190K bpd led by Libyan recovery
OPEC pumped 26.33 million barrels per day in October, up 195k bpd from September, according to Reuters' influential secondary sources survey.The rise was centered on Libya, which had curtailed production during a political dispute in September. Libya is not subject to...
History lesson: Markets shrug off US elections – except when they’re surprised
Deutsche Bank is out with a look at market history around elections ahead of tomorrow's vote.&]:mt-2 list-disc space-y-2 pl-8" depth="0" data-v-7458bf22>Market reactions to US elections since 2000 have been mixed - S&P 500 up in 3 cases, down in 3 by...
USDCAD falls below the 100 and 200 hour MAs. First break below 200 hour MA since October 2
The USDCAD broke higher at the end of last week and in the process extended above high from August at 1.39458. The high price reached 1.3958 and closed the week at 1.39484.However, after the weekend election poll news, yields moved lower, the USD moved lower and the...
US October employment trends 107.66 versus 107.58 last month
A business day after the US jobs report which showed lower NFP jobs and lower revisions but the unemployment rate remaining steady, the Conference Board Employment Trends Index is coming out marginally higher after a revised lower number last month.Prior month 108.48...
US September factory orders -0.5% versus -0.5% expected
Prior month: -0.2% (revised to -0.8%)Factory goods orders ex transportation +0.1% vs -0.1% prior (revised to -0.2%)Durable goods orders -0.7% vs -0.8% preliminary. Last month was -0.8%Durable goods ex transportation +0.5% vs +0.4% preliminary. Last month +0.6%Durable...
Stocks move lower from the get-go
The major US stock indices are moving lower from the get-go led by the NASDAQ index which is down -0.64%. The price opened at 18220, and is currently trading 100 points lower at 18120.A snapshot of the major indices currently shows:Dow industrial average -174.39...