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Forexlive Americas FX news wrap: USD/JPY gaps lower after break of 144.00
Markets:JPY leads, CAD lagsWTI crude oil up 26 cents to $69.64US 10-year yields up 1.7 bps to 4.13%S&P 500 up 33 points, or 0.7%, to 4590Gold up $4 to $2028It was all about the yen today as USD/JPY briefly fell nearly 600 pips. The breakdown started in Asia after...
Asian Economic Calendar: Key Events and Consensus Expectations for 08 December 2023
more to comeThis snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to...
Trade ideas thread – Friday, 8 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,...
Major US indices close higher. Nasdaq index soars by 1.37%
Major US stock indices moved higher with the Nasdaq index outperforming. The Dow Industrial Average lagged. A snapshot of the close levels shows:Dow Industrial Average rose 62.95 points or 0.17% at 36117.39S&P index rose 36.23 points or 0.80% at 4585.58Nasdaq...
Broadcom earnings to be reported after the close
Last Quarter Performance: Broadcom reported revenues of $8.88 billion last quarter, a 0.6% decrease year-on-year, aligning with analyst expectations. Current Quarter Expectations: Analysts anticipate a 4.1% year-on-year revenue growth for Broadcom, estimating revenues...
Euro Price Action Setups: EUR/USD, EUR/GBP Post GDP Revision
EUR/USD, EUR/GBP PRICE, CHARTS AND ANALYSIS:Most Read: Oil Price Forecast: $70 a Barrel Holds Firm as China Adds to Demand ConcernsEURO GDP REVISION AND FUNDAMENTAL BACKDROPThe Euro outlook continues to look bleak despite a resilient day against the Greenback. EUR/GBP...
Gold Touched Its All-History High. Maybe It’s Not the End
Gold has reached its all-time high, surpassing $2,100 per ounce for the first time in history, a milestone achieved this Monday morning. While there was a slight adjustment afterward, the occurrence is surely historic. Many experts are optimistic about gold's future...
US consumer credit for October rose by $5.13 billion versus $9.00 billion 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,...
USD/JPY goes quiet after all the drama
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 October consumer credit outstanding +5.13B vs +9.00B 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,...
Crude oil futures settle at $69.34
Crude oil is settling at $69.34. It is down four cents or -0.06% on the day. The high price reached $70.48 the low price was down at $68.80. The low price reached the lowest level going back to June 28. For the year, the price is now down -13.47%. That's the largest...
EURUSD tests key moving averages, but sellers stall the rally
EURUSDThe EURUSD opened the North American session near its 100-day moving average and moved higher. The initial run to the upside stalled just ahead of the 1.0800 level which led to a rotation back down to retest its key 100-day moving average AND 50% retracement...
BOC’s Gravelle: Still pretty clear that we’re not on sustainable path to 2% inflation
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,...
Preview: November non-farm payrolls by the numbers
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,...
USD/JPY implodes in 400 pip fall. What’s next?
Monetary policy divergences make the best trades and the market is sniffing one out in USD/JPY.The Fed appears to be on its way towards cutting rates just as the Bank of Japan raises them. The market is pricing in a 70% chance of a Fed cut in March or earlier while...
USDJPY continues its tumble as it skirts below its 200-day moving average at 142.292
The USDJPY took another plunge to the downside. This one took the price from 144.3092 a low of 141.622 (see price action on the five-minute chart below). That move took the price below its 200-day moving average 142.282. However, the price has quickly snapped back...
Atlanta Fed GDPNow dips to 1.2% from 1.3% previously
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,...
BOC Gravelle: Acknowledged a welcome improvement in Oct inflation measures but more to do.
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,...
Bank of Canada Toni Gravelle due to speak
Bank of Canada's Toni Gravelle will be speaking at 12:50 PM ET. The Bank of Canada kept rates unchanged yesterday.Highlights from the statement:The Bank of Canada maintained its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at...