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 14 Dec: ECB and BOE less dovish leads to USD declines
Day 2 of central bank decisions. Yesterday, the Fed and Chair Powell were more dovish, sending yields sharply lower. Today, the Swiss National Bank, the Bank of England, European Central Bank and later in the day, the Central Bank of Mexico, all weighed in with their...
US Treas Yellen says artificial intelligence added to a list of risks to financial system
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 data: November manufacturing PMI 46.7 (up from 42.5 in October)
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 equity close: Rotation evident as some selling hits the big names
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 15 December 2023 – Chinese economic activity data for November
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 – Friday, 15 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,...
The GBPUSD surges as BOE takes hawkish stance
The GBPUSD ran higher today spurred on by follow-through USD selling (GBPUSD buying) after the more dovish Fed, and follow through buying of the GBPUSD pair on the back of a more hawkish BOE today.The move to the upside worked its way toward the 1.2800 where old swing...
Crude oil surges, settling at $71.58, marking a 3.04% increase
The price of WTI crude oil futures are settling at $71.58. That's up $2.11 or 3.04%.The high price for the week reached $72.46. The low price was at $69.54. At the highest level today, the price did extend briefly above the November low at $72.37, but momentum could...
Mexico central bank keeps rates unchanged at 11.25%
Mexico central bank sets the benchmark interest rate at 11.25% unchanged.Board was unanimous on rate decisionIn order to achieve orderly, sustained convergence of headline inflation to 3% target, it will be necessary to maintain the reference rate at current level for...
Major indices move into negative territory
The major US indices are all negative now with the Nasdaq index leading the way. At risk is the five they went straight for each of those indices.A snapshot of the market currently shows:Dow Industrial Average unchanged at 37090. It just traded as low as 37051.52...
Atlanta Fed GDPNow forecast leaps to 2.6% from 1.2%
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 Dollar Demolished by Fed’s Dovish Pivot, Tech Setups on EUR/USD and USD/JPY
US DOLLAR FORECASTThe U.S. dollar extends its retracement on Thursday, dragged lower by falling U.S. Treasury yieldsThe Fed’s pivot has sparked a dovish repricing of interest rate expectationsThis article examines the technical outlook for EUR/USD and USD/JPYMost...
Is equity market sentiment too bubbly?
One of the most-underrated indicators in the world is the AAII Sentiment Survey, which has been running since 1987 and measures sentiment of American investors. It was a screaming contrarian buy in October 2022 in what turned out to be a sensational rally for tech...
AUDUSD breaks free from trading range, bullish sentiment continues
Going into the FOMC rate decision, the AUDUSD was mired near the middle of an up and down trading range. The FOMC decision sent the price higher, outside of the trading range and the race to the upside was on.Today, the price continued it's move to the upside and in...
ECB sources:ECB policy members are united on forecasting rate cuts later than the market
Bloomberg is reporting that ECB sources are saying that the policy members are largely united on forecasting rate cuts later than the market thinks.The markets are projecting around 145 bps of easing in 2024 and a 52% probability of a cut in March. Today ECB Pres....
Big jump in the Atlanta Fed GDPNow to 2.6% from 1.2% last. Strong growth projected.
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,...
Crude oil surges as traders find support, sparking potential upside
Crude oil bounces off support target area.The price of crude oil is rebounding in trading today after bottoming near swing area support yesterday. Looking at the daily chart above, that swing area comes in between $66.82 and $68.22 (see red numbered circles)....
Lagarde highlighted data dependency for rate cut outlook. The market sees 148 bps in cuts
ECB President Christine Lagarde was under the weather at today's press briefing and led to some less-than-sharp messaging but -- between the lines -- she was clear on what had changed."We are at the medium-term target that we set for ourselves of reaching the 2% at...
European equity close: The early glow fades
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,...