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 stock indices close with solid gains after snapping 9-week win streak last week.
The major US stock indices rebounded after its first declining week last week in over 2 months (9 week win streak). The Nasdaq index surged over 319 points or 2.20%. The Dow Industrial Average which was dragged down by Boeing shares (down $-20.26 or -18.1%) still...
Economic calendar in Asia for Tuesday, 9 January 2024 – Japan inflation data
more to comeJapanese inflation data headlines the data calendar for the session ahead. I posted a one-liner preview and an explanation of the Tokyo CPI yesterday, at this link:Japanese markets were closed for a holiday on Monday, they'll reopen today. From Australia...
Trade ideas thread – Tuesday, 9 January, 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,...
USDCAD tests a key support area in what has been an up and down trading day
The USDCAD has had an up-and-down trading day. The initial move was to the upside. The price extended above the hide from Friday and also the 50% midpoint of the December trading range at 1.33971. However momentum quickly faded and the buyers turned to sellers help by...
US November consumer credit +23.75B vs +9.0B 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 $70.77
Crude oil futures are settling at $70.77. That is down $-3.04 or -4.12%. The low price for the day reached $70.13. The high price was at $73.95.Saudi Arabia announced that they would cut crude oil prices particularly for Arab Light Crude to Asian customers by $2 per...
Half of the year-opening swoon in US stock markets has been erased
The S&P 500 is at the highs of the day, up 45 points to 4742.The 1% gain comes after a flat start and on the heels of a dip in Treasury yields. From there, it's been pure FOMO as the market has had very little to digest.One data point may have helped to move the...
Fed’s Bostic repeats that he sees an initial rate cut in Q3
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 Dollar Reverses Lower Before US CPI, Setups on EUR/USD, GBP/USD, USD/JPY
Want to know more about the U.S. dollar's technical and fundamental outlook? Find all the insights in our Q1 trading forecast. Grab your copy now! Recommended by Diego Colman Get Your Free USD Forecast Get My Guide Most Read: Markets Q1 Outlook - Gold, Stocks,...
Bitcoin hits $47,000 as ETF fever builds
I ran a poll earlier today and the results so far have shocked me.I would put the odds at 99% and would have thought that a community of market watchers would have put it at least at 85%.Perhaps as the news continues to hit and bitcoin grabs more headlines, there will...
Fed’s Bostic: Rise in unemployment has been ‘far less’ than would be typical
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,...
GBPUSD moves up to toward recent highs and finds willing sellers
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,...
EURUSD continues bullish surge, eyeing retracement target after breaking key resistance
The EURUSD has had a string of 5-up bars on the hourly chart in the late London morning session/early US session. The run to the upside has seen the price extend away from the falling 100-hour MA at 1.0939 and into and above a swing area between 1.0965 and 1.0975. The...
European equity close: Weak start, good finish
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,...
Wednesday circled for Bitcoin ETF decision. What happens next?
All signs point to a bitcoin ETF approval this week.A number of would-be issues published expense ratios, with Blackrock (which is obviously going to win) flagging 0.3% with a discount to 0.2% until an AUM number is it.Kate Rooney on CNBC just now said "its looking...
NY Fed one-year inflation expectations fall to the lowest since January 2021
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 dollar slides as bonds continue to attract bids
The US dollar is at the lows of the day across the board, led by an 80 pip decline in USD/JPY. The leg lower was kicked off by falling oil prices which weighed on Treasury yields and also helped to boost equities.It's resulted in a risk-positive environment that's...
USDCHF moves lower and cracks below MA levels
The USDCHF has moved lower in the early US trading session and has moved below its 100-hour moving average at 0.8503 and it 200-hour moving average 0.8479. Getting below those moving averages is a more bearish play. The next targets, come at the low from Friday and...
US December employment trends 113.15 vs 113.05 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,...