The US stocks continue to retreat with the NASDAQ index leading the way. The NASDAQ index is leading the way this year with a oversize gain of 34.52%. That comes after a -33.1% decline last year.NASDAQ index is pushing lowerThe NASDAQ index is currently down -243...
Aggressive resersal appears on the gold chart
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,...
Goldman Sachs: JPY strength near its limits and should be faded
JPY dailyGoldman Sachs provides an analysis of the Japanese yen, suggesting that its recent strength may be nearing its limits. The firm recommends against pursuing further outperformance of the JPY, based on forecasts and market dynamics.Key Points:JPY Outperformance...
AUDUSD reverses from a new high as dollar strengthens, RBA meeting the focus
The AUDUSD moved to a new high going back to August 1 today but has since reversed the lower as the dollar moved higher and start to move lower leading to a risk off sentiment in the pair. The Reserve Bank of Australia will meet in the new trading day and are expected...
US October factory orders -3.6% vs -2.8% 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,...
Ford vehicle sales fell 0.5% y/y in November
Ford reported total sales of 145,559 vehicles in November, compared with 146,364 units last year, a drop of 0.5%. There may have been some impact from the strike but auto lots have decent inventory.I think autos are one of the most-interesting spots in markets in the...
Major US stock indices open the week on the soft side led by the NASDAQ index
The major US stock indices are taking a breather at the opening of the new trading week. The declines are led by the NASDAQ index which is down around 1%. Last week each of the major indices moved higher extending the up streak to 5 consecutive weeks. Are we due for a...
USD is running to the upside ahead of the stock open
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,...
Risk aversion bites harder, US dollar rises to the best levels of the day
The US dollar is at the best levels of the day as S&P 500 futures extend declines to 32 points, or 0.7%.Risk aversion is creeping in with yields rising 7 bps at the front end. Gold is now down 1.2% after rising to a recorder earlier. EUR/USD is down 63 pips and is...
JP Morgan Private Bank says it’s time to lock in the long end
US 10 year yieldsJP Morgan Private Bank is out with its outlook for 2024 and they mostly paint between the lines, seeing inflation coming down and equities headed to new highs. If you're looking for optimism1. Inflation's Cooling, but Stay Sharp: "Inflation will...
Factory orders highlight the US economic calendar, the Fed is now in the blackout
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,...
ForexLive European FX news wrap: Dollar steady, gold erases early spike higher
Headlines:Markets:JPY leads, AUD lags on the dayEuropean equities lower; S&P 500 futures down 0.4%US 10-year yields up 3.1 bps to 4.254%Gold down 0.1% to $2,069.43WTI crude down 0.6% to $73.62Bitcoin up 7.4% to $41,675Gold and Bitcoin are the early movers to start...
US futures ease lower ahead of the open later
There's not much in terms of headlines driving the early market moves this week but equities are perhaps looking to consolidate gains ahead of the major events in the coming two weeks. US futures are pointing to a lower start, after five straight weeks of gains. So,...
German businesses retain pessimistic view towards the year ahead – survey
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,...
Dollar keeps steady to start the new week
The dollar is keeping steadier so far in European trading, as risk sentiment is looking a bit nervy to start the new week. The greenback is mostly higher across the board, only down marginally against the Japanese yen. In the bond market, Treasury yields are a touch...
Market Outlook for the Week of 4-8 December
Last week was marked by the RBNZ's decision to maintain its official cash rate, which was interpreted as a hawkish stance by the market. Furthermore, they revised their rate projections, indicating that "if inflationary pressure were to be stronger than anticipated,...
Market Recap: Cryptos Rise; Oil & Gold Down; Stocks Steady
The holidays got a little cheerier amid signs that the major central banks have come to the end of their aggressive tightening postures. Despite protestations from policymakers to the contrary, the markets are now building in the start of rate cuts in 1H 2024. Those...
Eurozone December Sentix investor confidence -16.8 vs -16.4 expected
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SMN total sight deposits w.e. 1 December CHF 474.1 bn vs CHF 473.7 bn 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,...
ECB’s de Guindos: Recent inflation data is good news
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,...