Here the latest odds on betting sites for the Presidential election:PredictIt - tiedKalshi 55% Trump, 45% Harris (from as wide as 65-35)Polymarket 59% Trump, 41% HarrisBetting sites around 58 Trump, 42% HarrisNow there should be some kind of arb there but I don't...
Crude oil price forecast
If you’re tracking the crude oil market, buckle up—things are heating up, and not just on the charts. As the price of light crude (CL1!) dances around some serious technical levels, traders and investors alike are on high alert. The bearish vibe is alive and kicking,...
The technical levels in play for the trading week for the major currency pairs.
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,...
Newsquawk Week Ahead: US election, Fed, BoE, RBA, US ISM Services PMI and Canada jobs
Mon: Japanese Holiday: Culture Day. Eurogroup Meeting, EZ Manufacturing PMI Final (Oct), Sentix (Nov), US Employment Trends (Oct), Factory Orders (Sep), Australian Composite/Services PMI Final (Oct)Tue: US Election. RBA Policy Announcement; BoC Minutes (Oct), RBNZ...
Forexlive Americas FX news wrap: The worst non-farm payrolls reading since 2020
Markets:Gold down $10 to $2734US 10-year yields up 10 bps to 4.38%WTI crude oil up 20-cents to $69.46S&P 500 up 0.4%GBP leads, CHF lagsThe crosscurrents in markets continued on Friday as we count down to the US election. It's tough to separate moves based on...
US stock market close: Still green but strong earlier gains fade
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,...
Why the era of negative rates can return
There was a popular theory among central bankers coming out of the post-covid inflation shock: That the world had changed.The overwhelming line of thought is that we would never get back to ZIRP or negative interest rates and that the neutral rate was higher. I've yet...
Canadian dollar falls to the lowest in two years
The Canadian dollar is in a tough spot. The US dollar rose 15 pips against the loonie today to 1.3950, which is the first time at that level since 2022. The next level to watch is 1.3978, as a rise above that level would be the highest since the pandemic. And other...
Geopolitics: US truce efforts on Lebanon fail ahead of the election
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,...
Baker Hughes Oil rigs 479 down -1 on the week
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 lower on the week but buyers and sellers are consolidating the declines
The AUDUSD is lower on the week, but since bottoming on Wednesday, the price has moved up and down. IN the process, the price has seen the price move above and below the 61.8% of the move up from the August low at 0.6575. The price over the last day or so has also...
Atlanta Fed GDPNow growth estimate for Q3 growth comes in at 2.3% vs 2.7% last
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,...
USDCAD consolidation sets up for a break next week.What levels are key for traders and why
The USDCAD has been trending higher, though its momentum has started to slow.One key factor has been resistance at this year’s high, set back in August at 1.39458. This week, high prices have approached but stopped just short of that level, creating a ceiling.Of...
Breaking Ground: Midnight to Launch the World’s First Deconstructed MMO on Aptos
Midnight Evergreen Technologies, Inc. (Midnight) dares to reimagine the role of an AA game publisher, with a mission to fundamentally reshape how we play together. Midnight is building The Evergreen, the first (of-its-kind) publishing platform designed as a...
Treasury yields won’t stay down. What’s driving rates
US 10s dailyUS 10-year yields traded as low as 4.22% after non-farm payrolls but have rebounded to 4.32%.It's tough to say what's driven the reversal but here is a stab at it:Non-farm payrolls was skewed by the hurricanes and strikes and the market thinks the jobs...
November financial market seasonals: Japanese FX officials won’t want to read this
USDJPY weeklyThe election is going to dominate early November trading so making moves based on seasonals is unwise. That said, it's useful to keep them in mind as the dust settles.November is the best month for USD/JPYBest month for the NasdaqThird-best month for the...
The USDCHF still in a narrow trading range between 0.8632 below and 0.8799 above
The USDCHF moved lower after the US jobs report but held above support near 0.8632 (the low reached 0.86385 and bounced). The move back higher has now taken the price back above the 100/200 hour MAs which are near converged near 0.8661. The price has moved to a new...
US ISM October manufacturing PMI 46.5 vs 47.6 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 construction spending for September 0.1% versus 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,...
Tech sector rallies: Amazon surges while Apple stumbles
Stock heatmap by FinViz.com Fri, 01 Nov 2024 13:46:11 GMT📊 Sector Overview: Tech Rebound and Consumer Electronics DeclineThe stock market is abuzz today with notable divergences across sectors. The technology sector is seeing a resurgence, driven by gains in major...