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,...
UBS wary of US Presidential election polling – warns of a potential Brexit-like surprise
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 6 Mar: Fed Chair comments keep easing on table. USD lower.
The AUD is ending the day as the strongest of the major currencies, and the USD is the weakest in trading today. The USD was the weakest of the major currencies.The USD's weakness was influenced by somewhat weaker US data, lower rates and comments from Fed Chair...
Fed Kashkari says base case no more hikes, but higher for longer if inflation entrenched
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 House has voted to secure government funding through to September 30
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,...
Economic calendar in Asia 07 March 2024 – Chinese trade data for February due
The February trade data from China is going to be disrupted by the New Year break. YTD figures will be for January and February, which will be a better guide given the moveable holiday period each year.Imports are expected to have bounced back, exports less so....
Trade ideas thread – Thursday, 7 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,...
Goldman: What to expect from the US jobs report on Friday
Goldman Sachs presents its forecast for the upcoming February jobs report, predicting a deceleration in payroll growth to 215k from January's exceptional figures. The forecast is grounded in the expectation of a normalization following January's one-off surge,...
AUDUSD buyers take more control today. Can they keep the momentum going in the new day?
The buyers have plowed into the AUDUSD today. The low to high trading range is around 90 pips which is near double the 22-day average (month of trading) of 47 pips. That range is the 4th largest for the year, and the largest since February 13. So it is something to...
BOC’s Macklem: If core inflation stays put, we won’t hit our inflation forecast
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,...
Oil fails to hold $80 in a roller-coaster trading day
On most days a 98-cent rally in oil would be cause for celebration for oil bulls but it won't feel like that today.That's because oil had earlier risen more than $2. It finished at $79.13 after trading as high as $80.67.A tighter US inventory report with signs of...
Bank of America CFO: Consumer spending is slowing, loan growth off to slower start in Q1
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,...
Beige Book: Economic activity increased slightly
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,...
Nvidia shares near $900
NVDA daily chartThe Magnificent One™ continues to carry the S&P 500 as it's provided more than 30% of the year-to-date gain and is adding to that today with a 4.2% climb. It's climbed more than $400 so far this year to $897, which is a fresh record high.Markets...
Fed chairs Powell’s testimony ends. Stocks up. Yields down and USD lower.
Fed Chair Powell's Testimony Summary:Economic Outlook and Policy Rate AdjustmentsThe Federal Reserve does not foresee reducing the policy rate until there is greater confidence that inflation is moving sustainably toward the 2% target.A possible dial-back of policy...
More from Fed Powell: Artificial intelligence impact on productivity is hard to say
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,...
More from SF Fed Pres.Mary Daly: Fed is facing calibration exercise on policy
Fed's DalyPolicy is in a good place, there is more work to doEncouraged we been able to bring inflation down with labor market solidWe are on path to bring inflation down as gently as we canFed is facing calibration exercise on policyHolding on too long with rates...
New York Community Bancorp (NYCB) seeks outside capital to shore up balance sheet
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,...
USDJPY trades lower and tests key moving average. Buyers enter at level on the first test.
The USDJPY has continued its run to the downside and in the process did reach its target against the 200 bar moving average on the 4- hour chart at 149.147. The price dipped briefly below the level but has since bounced back and currently trades at 149.27. It would...
SF Fed Pres.Mary Daly: Fed is focused, resolute on getting inflation down
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,...