Over the weekend we got the news that OPEC+ will extend the voluntary output cuts for another quarter. Saudi Arabia will extend its voluntary cut of 1 million bpd through the end of June as well with cuts to be reversed 'gradually', according to market conditions....
USD/JPY Sinks on Bets BoJ Will End Negative Rates Soon, US Inflation in Focus
Most Read: US Dollar Falls Further After US NFP Beat but January Number Revised Sharply LowerUSD/JPY extended losses and sank to its lowest level since early February on Friday, supported by speculations that the Fed may be closer to getting greater confidence that...
NZDUSD rises sharply but runs into resistance at the high for the year. What next?
The NZDUSD - like the AUDUSD - declined earlier in the week before finding a base and snapping back to the upside. In the process, the pair moved above some key technical levels including both the 200 and 100 day moving averages and the 200 and 100 bar moving averages...
Eyes on risk trades after the bitcoin reversal
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 had a strong week, w/the price reaching the 50% of range since Dec high. What next?
The AUDUSD has had a strong week to the upside helped by risk on flows and improving and shifting technical bias. One of the big moves was a break above both the 100 and 200-day moving averages near 0.6560, and then the 38.2% retracement of the move down from the...
Bitcoin rises to a fresh record high above $69,000
Bitcoin has broken through the all-time high set on Monday and is above $70,000.Bitcoin hit a record $69,200 on Monday then quickly fell to $58,500 but it steadied there and avoided making an outside day on the close. Since then the dip buyers have continued to weigh...
Are we really that worried about wage growth?
The ultimate nightmare for a central banker is a wage-price spiral so you can understand a focus on wages in general but officials need to understand it's a lagging indicator of inflation, perhaps the most lagging indicator.ECB officials droned on about wage inflation...
The FX market consolidates after non-farm payrolls, stocks jump
The US dollar has taken back a good portion of its non-farm payrolls drop as it levels out and broader markets consolidate.EURUSD 10 minsThe dollar has been reluctant to push the ranges on the day and it's similar in bonds. Yields initially fell on the data but then...
USDCAD is lower on the day after US/Canada jobs reports but off low support target.
Both the US and Canada jobs reports were released. The US showed stronger job growth in February, but prior months were lowered by -167K. The unemployment rate also rose to 3.9% and wage growth rose by 0.1% which was the lowest in about a year. In Canada, their...
ECB sources report: Policymakers ‘overwhelmingly’ favor June for first rate cut
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 stocks open mixed as traders digest the US employment data
The major indices are trading mixed with the S&P and NASDAQ indices higher and trading at new intraday highs. The Dow Industrial Average is trading above and below unchanged.A snapshot of the market currently shows:Dow Industrial Average is trading down -1.5...
Kickstart the trading day for March 8 w/a technical look at the EURUSD, USDJPY and GBPUSD
The above video kickstarts the trading day for March 8 with the technical look at the EURUSD, USDJPY and GBPUSD after the US jobs report. That report was more mixed with stronger job gains this month, but large revisions to prior months. The unemployment rate also...
US dollar slumps on rising unemployment and weaker wage growth
The US dollar is at the lows of the week following the February non-farm payrolls report. The headline number was strong at +275K compared to +200K but underneath were some soft details. For starters, the prior two reports were revised collectively lower by 167,000...
Canada Q4 capacity utilization rate 78.7% versus 79.7% last quarter
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,...
Canada February employment change 40.7K versus 20.0K 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,...
US February non-farm payrolls +275K vs +200K 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,...
Locked and loaded for another edition of non-farm payrolls. Watch the wage 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,...
ForexLive European FX news wrap: Yen strengthens on BOJ anticipation, NFP up next
Headlines:Markets:JPY leads, EUR lags on the dayEuropean equities mixed; S&P 500 futures down 0.2%US 10-year yields down 2.3 bps to 4.069%Gold up 0.3% to $2,166.54WTI crude down 0.7% to $77.73Bitcoin up 0.4% to $67,620The yen is once again the big mover today as...
Fed’s Williams: Inflation expectations have come down quite a bit
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,...
[2024 새로운 부업] 7분 만에 초간단 무료 AI로 자동 부수입 만들기 (집에서 0원으로 누구나 가능! 지금 바로 따라해보세요)
https://www.youtube.com/watch?v=ElJYABgl2AQ 재택 부업을 비롯해, 그동안 다양한 돈버는 직장인 부업과 투잡을 소개해드렸는데요, 오늘은 초간단 AI 사용해, 자동으로 돈버는 새로운 방법을 소개하려고 합니다. 하루 7분이면 충분하고요! 나이 학력 무관한데다 컴퓨터, 노트북, 휴대폰 등만 있으면 주부, 학생들도 누구나 쉽게 도전해볼 수 있는 부업인데요, 0원으로 시작할 수 있고, 가이드를 1번만 따라해 보면, 무척 간단해서 쉽게 하실 수...