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,...
EURUSD surges towards 1.1000 level, opening the foor for more upside momentum
The EURUSD - coming into the trading day - had resistance against the 61.8% retracement of the 2023 trading range at 1.09594 (see video above). When the price in the early North American session moved through that level without much in the way of resistance, the price...
The USDCAD tumbles lower and in the process is stretching toward key retracement target
Like many other currency pairs, the USDCAD is moving in the direction of a lower dollar and in the process is stretching toward a key technical target. The pair is moving closer to its 61.8% retracement of the 2023 trading year. That level comes in at 1.33999. The low...
US retail sales are decelerating with a further dip likely to come ahead – CIBC
US retail sales control groupRetail sales surprised to the upside in November but CIBC warns that there are signs of deceleration that should mount in the months ahead.The CIBC report on US November advance retail sales highlights a modest increase, signaling a...
US October business inventories -0.1% vs 0.0% 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 stocks trading higher. S&P and NASDAQ at the highest levels since January 2022.
The major stock indices are trading higher in early US trading. The gains are led by the Nasdaq index.S&P and NASDAQ trades to the highest level since January 2022Dow Industrial Average trades at its highest level all-timeApple trades to a new record highAdobe...
Kickstart your FX trading on Dec. 14 with a technical look at the EURUSD, USDJPY & GBPUSD
After interest rate decisions from the Fed, Bank of England, and ECB, the market reaction is to sell the dollar. The Fed was considered more dovish. The Bank of England was more hawkish and the ECB was probably in between, but that has not stopped the USD from moving...
Lagarde Q&A: We need to see more data on wages
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,...
Canadian November home prices -1.1% m/m – CREA
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,...
Lagarde opening statement: The risks to economic growth remain tilted to the downside
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,...
Watch live: Lagarde’s ECB press conference
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 November import prices -0.4% vs -0.8% 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,...