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,...
ICYMI – ANZ see gold holding above $2000/oz
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 Americas FX news wrap: ECB lowers inflation forecast but no hint at early 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,...
Trade ideas thread – Friday, 8 March, 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,...
Asian Economic Calendar: Key Events and Consensus Expectations for 08 March 2024
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,...
S&P close at new all-time record levels. NASDAQ index closes just below all-time highs.
The S&P index was a day at a record-high level. The index closed at 5157.37. That surpassed the previous high close of 5137.07.The NASDAQ index was on pace for a record close but closed just below the record level. The high close from last Friday was at 16274.94....
Kickstart the Asian/Pacific session with a technical look at the USDJPY, AUDUSD and NZDUSD
As.the US session works toward the close, and the Asian-Pacific session looks to begin, what technical levels are in play for the major Asian-Pacific currency pairs including the USDJPY, the AUDUSD and the NZDUSD?This video outlines the bias-defining levels, the...
Preview: February non-farm payrolls by the numbers. Eyes on earnings
What's expected:Consensus estimate +200K (range +120 to +290K)Private +160K estimate vs +317K priorJanuary +353KUnemployment rate consensus estimate: 3.7% vs 3.7% priorParticipation rate: 62.5% priorPrior underemployment U6 7.2%Avg hourly earnings y/y exp +4.4% y/y vs...
US January consumer credit outstanding +19.49B vs +9.25B 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,...
NASDAQ now on pace for a record close
With the NASDAQ index up 260 points or 1.63% at 16292.37, it is on pace for a all-time high closing level. The previous high was reached last Friday at 16274.94.NASDAQ index on pace for a record closeThe S&P index is also on pace for a record close today. It's...
What’s really going on with US shelter inflation — the BLS offers some hints
The US Bureau of Labor Statistics has been under some fire for quirks in the January consumer price index report, particularly the shelter component and how some unusual changes boosted it.Officials there today held a lunchtime presentation on the report and the rent...
Biden to propose $5000 tax credit for first-time home buyers in State of the Union
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,...
Fed Report: Most small businesses face financial challenges last year
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 extends to 1.2800 target level. High reaches 1.2797.
The GBPUSD has extended to a new high of 1.2797 which is just short of the high of the swing area between 1.2788 and 1.2800. The upside target would have traders looking toward the 2023 high from August 2023 at 1.2827. Move above that level, and the price will be...
Household net worth rises to $156.2 trillion in Q4 2023
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,...
Fed’s Mester: January inflation reports were a wake-up call
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,...
Atlanta Fed GDPNow growth estimate for Q1 remains unchanged at 2.5%
Atlanta Fed GDPNow growth estimate for Q1 unchanged at 2.5%The Atlanta Fed GDPNow growth estimate for Q1 remains unchanged at 2.5% after today's data dump. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first...
Fed’s Mester: If economy meets forecasts, rate cuts are likely later this year
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 S&P index trades above its all-time high closing level
S&P index extends to a new all-time highThe S&P index is on pace to close at a new all-time high closing level. That level comes in at 5137.07. The current price is trading at 5148.30 up 43.5 points or 0.86%. The high price today reached 5155.37 reaching a new...
EURUSD bounces above key support, setting up bullish momentum
EURUSD holds the 38.2% and snaps back higher.The EURUSD moved lower after the ECB kept rates on hold, but cut inflation expectations. ECBs Lagarde expressed concerns about lower growth. However, she also said that she/they needed more assurance (and confidence) that...