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,...
Trump: Something will have to be done with Canada and Mexico on trade
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 buyers fail again. Stronger US data sends the pair back down with MAs targeted
The AUDUSD bottomed for 2024 on the very last day of the trading year (which is unique). The price bounced higher off that low and in doing so was able to extend above a swing area off the daily chart between 0.6269 to 0.6282. See the red numbered circles on the chart...
US set to sell 10-year notes at auction at highest yield in over a decade
US 10 year yields, dailyToday will be a big test of real-money demand for 10-year US notes. The Treasury will sell $39 billion in a new issuance at 1 pm ET with the results minutes later.Yields are higher by 8.1 bps today to 4.69%, which is the highest since April. A...
Trump coming up imminently
Trump is speaking at Mar-a-Lago at the top of the hour and he's going to announce a $20 billion investment in US data centers from the UAE, according to CNBC.The amount of money going into US data centers is truly awe-inspiring, including an $80 billion investment...
S&P 500 struggles as Nvidia reverses hard after hitting a record high
US stock markets opened higher but have quickly been hit by heavy profit taking. The S&P 500 is now down 45 points, or 0.7%.SPX dailyThe big drag is coming from Nvidia, which was trading higher by 3% in the pre-market and opened at a record high following a...
Stronger data sends the US dollar higher. What next technically?
The stronger US data with ISM nonmanufacturing PMI rising to 54.1 from 52.1. The price paid index increase to 64.4 from 58.2. Ouch. The JOLTS job openings increasing to 8.098 million versus 7.700 million estimate, has yields moving higher, stocks moving lower and the...
US dollar jumps on another round of upbeat economic data
USD/JPY 10 minsThe US dollar rose across the board after a pair of upbeat economic data releases.The main driver was JOLTS, with job openings climbing to 8.098 million from 7.700 million in what could be the start of a pickup in jobs. Secondarily, the ISM services...
JOLTS job openings 8.098M vs 7770M estimate
Prior month 7.744M revised to 7.839MJOLTs job openings for November 8.098M vs 7.770M estimate.DetailsVacancy rate 4.8% versus 4.6% last monthQuits rate 1.9% versus 1.8% last month. Hires 3.3% versus 3.3% last monthSeparations rate 3.2% versus 3.3% last monthLooking at...
US December ISM services 54.1 vs 53.3 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,...
ISM services and JOLTS data coming up next
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,...
Renewed hope in tech: Semiconductors lead gains, Tesla drags auto industry down
Stock heatmap by FinViz.com Tue, 07 Jan 2025 14:46:11 GMT📈 Sector OverviewThe US stock market today paints a vibrant picture of mixed fortunes across sectors, with semiconductors driving significant gains thanks to standout performances from Nvidia (NVDA) and Micron...
USDCAD has a negative bias in the short term. Can the sellers keep control?
The USD/CAD has declined in today’s trading, breaking below the lower boundary of the swing area between 1.4334 and 1.4348. For a bullish bias to emerge, the pair would need to climb back above this zone, signaling a potential failure of the break outside the "Red...
US stock futures point to modest gains, Nvidia and Tesla in focus
Jensen HuangS&P 500 futures are up 0.3% shortly before the open.The main driver of the gains is Nvidia, which is set to be the world's largest company (once again) at the open. Shares are up 2.6% in the pre-market after unveiling a series of products late...
USDCHF bounces off swing area support. Tests the 100 hour MA at 0.90742. Key barometer.
Swiss CPI data met expectations today, coming in at -0.1% month-on-month and 0.6% year-on-year. These figures reinforce the dovish stance of the Swiss National Bank, likely supporting the USD/CHF amid ongoing concerns about higher U.S. inflation.In trading, the pair -...
Gold climbs $25 as China continues to accumulate reserves
The PBOC bought gold for the second consecutive month, data released earlier today showed. Reserves rose to 73.29 million fine troy ounces from 72.96 million fine troy ounces last month. The pace of buying roughly doubled as the increase of 0.33m oz compares to the...
Canada November trade balance -$0.32B vs -$0.90B 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 international trade balance for November $-78.2 billion versus $-78.0 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,...
The kickstart video outlining the technicals driving the EURUSD, USDJPY & GBPUSD for Jan 7
The USD is mixed today with the greenback lower vs the EUR, GBP, CAD, AUD and NZD and higher vs the JPY and CHF. The biggest movers are the AUD (USD -0.53%) and the NZD (USD -0.57%).Yesterday, the USD was mostly lower after the market reacted to a report that Trump...
Forexlive European FX news wrap: Swiss and Eurozone inflation meets expectations
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,...