EURJPY is currently witnessing a notable shift as buyers are increasingly asserting their presence. They have successfully pushed the pair above a critical swing area, which spans between 156.78 and 157.04. Furthermore, the price has managed to climb above the...
AUDUSD at critical levels: Navigating central bank decisions and market volatility
The AUDUSD currency pair is currently experiencing limited movement within a confined trading range. Notably, there's a visible hesitation to drop below the 38.2% Fibonacci retracement level, which traces back to the rise starting from the low on November 10. This...
US sells 3-year notes at 4.490% vs 4.473% WI
Prior was 4.701%Bid to cover 2.42 vs 2.67 priorThe 1.7 bps tail is a surprise and should help to underpin the US dollar, though it's tough to make a move ahead of more supply. This will make the market jittery ahead of the 10-year reopening in 90 minutes.Yields across...
US 3-year auction coming up next
Today's double-slate of Treasury auctions starts at 11:30 am ET with a sale of 3s. The $50 billion auction is a new issue and should sell just above 3.51%.A concession has built in today and the three-year tenor is an interesting spot given the expectations for Fed...
New York Fed survey: Year-ahead inflation expected at 3.4% vs 3.6% 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,...
The USDCHF buyers tried to move higher but found willing sellers near swingarea resistance
The USDCHF buyers tried to move higher on Friday/today, but found willing sellers near swing area resistance. That resistance came between 0.8815 and 0.8827. The highs on Friday reached 0.8820. The high price today reached 0.8816. The inability to get above that swing...
Shifting tides before the FOMC meeting: Mega-cap stocks lose luster on Monday, so far
In the current investment landscape, a telling divergence has emerged between the broader indices and the behemoths of Wall Street. The S&P 500 heatmap presents a patchwork of green and red, yet a deeper analysis reveals a critical narrative. Indices like the ES...
Gold extends decline to 1%, breaking support
Gold is falling today as the market rethinks some of the aggressive rate cuts that are built into Fed funds futures in 2024. The market now sees 107 basis points in easing, down about 20 bps since Friday's stronger non-farm payrolls report.The US dollar is generally...
USD/CAD dips below key moving averages, bias shifts to the downside.
USDCAD sellers are making a play in the early North American session. The price has moved below its 100-hour moving average and 100 day moving average both at 1.35858. More recently, the price has dipped below its 200-hour moving average at 1.35687. Staying below...
US November employment trends 113.05 vs 114.16 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,...
Mixed opening for the US stocks. Major indices are up for six consecutive weeks.
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,...
It’s all about the bond auctions today
The US economic calendar is light today as we count down to Wednesday's FOMC decision. But the calendar isn't empty. The headliners today will be sales of 3-year and 10-year notes from the US Treasury. Those will land in a market that's still skittish about supply and...
Kickstart your FX trading for December 11. A technical look at EURUSD, USDJPY and GBPUSD
The week is off and running. What are the technicals saying for the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD?EURUSD: The EURUSD is trading in a narrow up-and-down range. The pair moved up to test this 100 hour moving average at 1.0779 and found willing...
The GBP is the strongest while the JPY is the weakest as the NA session begins.
The strongest to weakest of the major currenciesThe GBP is the strongest of major currencies while the JPY is the weakest. The USD is mostly higher but mostly gains can't be attributed to the rise in the USDJPY. The JPY is sharply lower after a Reuters article further...
ForexLive European FX news wrap: Yen on the backfoot; big events this week eyed
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,...
ActTrader Brings Institutional-Grade Excellence to the Retail Trading Space
Entering the fintech arena more than two decades ago, ActTrader is renowned for its long-standing reputation in the Forex trading industry. Its advanced features and versatility had made it an institutional-grade solution suitable for hedge funds and high-frequency...
Gold’s technical setback makes for a tricky position heading into the turn of the year
The aggressive push by markets to price in rate cuts in the last two weeks had been a major tailwind for gold, culminating in a fresh record high last week. But the reversal candle is an ugly one on the charts and since then, gold hasn't quite recovered its composure...
US futures reflect the more tepid mood so far on the day
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,...
Gold futures analysis: Bears take control and will drive the price to 1978
In this video technical analysis of gold futures, we delve into the key levels that could significantly impact the price of gold, examining recent price fluctuations and forecasting future market trends.Key Levels to Watch for gold futures1978 Support Level: A crucial...
Basics of Forex Trading Psychology
Forex trading is not just about analyzing charts and making profitable trades. It requires a deep understanding of one's psychological state as well. A trader's mindset plays a crucial role in their success in the foreign exchange market. In this article, we will...