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,...
Canadian government economic update: 2024 growth forecast slashed, higher deficits to come
Canada has published its Fall Economic Statement, the main points being growth forecasts have been cut and a series of higher budget deficits are to come for at least the next three fiscal years beginning in 2024/25. Canada's finance ministry estimates 2024 growth at...
US stocks take a pause and snaps a five-day run to the upside
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 22 November 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,...
Trade ideas thread Wednesday, 22 November, 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,...
Binance Holding pleaded guilty. Agrees to pay $4B to US authorities
Binance holdings pleaded guilty, agrees to pay over $4 billion to US authoritiesDOJ says by Nancy chief Changpeng Zhao has pleaded guilty to criminal chargesCharges involve violations of Bank secrecy act, failure to register as a money-transmitting business and...
Nvidia’s Q3 Earnings to be unveiled: Impressive growth in AI-driven sales expected
Nvidia will announce its third-quarter earnings after market close on Tuesday. It's announcement will complete the Magnificent 7 earnings for the quarter. Yesterday the company's stock reached a record high of $504.09 per share. The current stock price is trading down...
Israel’s Netanyahu: War will continue after the pause for hostage change
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 $77.77
The price of WTI crude futures are settling at $77.77. That's down $0.06 or -0.08%. The high price today reached $77.88. The low price reached $76.97. At session highs, the price still remains below its 200-day moving average at $78.12. Yesterday the price extended...
Stocks are a little lower. Yields are unchanged. The USD is a little lower
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,...
Meeting minutes organized by various topics
What does the Fed participants view on current conditions and economic outlook look like by topic?Economic Growth and Consumer Spending:Real GDP expanded strongly in Q3, driven by a surge in consumer spending.Despite robust growth, aggregate demand and supply are...
November FOMC minutes: Rate setting committees position was to proceed carefully
Participants’ Views on Current Conditions and the Economic OutlookRate setting committee's position was to proceed carefullyall participants agreed policy decisions at every meeting would continue to be based on totality of incoming informationall participants judged...
USDJPY moves higher ahead of FOMC meeting minutes
The USDJPY is moving higher as the clock ticks toward the FOMC meeting minutes scheduled for release at the top of the hour.Looking at the daily chart for the USDJPY, the price has now moved above the low price from yesterday which was near the low price from the...
Sam Altman and OpenAI board open talks for his possible return
Sam Altman and OpenAI (the firm he founded) have opened his talks for his possible return. A possible outcome could be adding Altman to the transitional OpenAI board. It seemed that although Microsoft was open to hiring Altman and others from OpenAI, it may have been...
US treasury auctions off $15B of 10 year TIPS at a high yield of 2.18%
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 trading range extends, can momentum thrive?
The EURUSD is extending its trading range to the downside. The low to high trading range is now up to about 45 pips which compares more favorably to the 75 PIP average, but there is still room to roam if momentum can be sustained. On the downside, the next target...
European indices are ending the day lower
After gains over the last 3 weeks, the major European indices are off to a modest declines today and for the week so far. The subdued activity occurred as investors anticipate the release of the Federal Reserve's recent meeting minutes, hoping to find indications that...
USD/JPY Latest: Yen Strengthens Ahead of Japanese CPI Report
Japanese Yen AnalysisJapanese Yen backs away from supposed intervention trigger after renewed strengthUSD/JPY breaks beneath a dynamic level of prior supportJapanese yen is most heavily shorted since at least 2020, posing risk of a short squeezeThe analysis in this...
UK raises the minimum wage to £11.44 per hour from £10.42
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,...
Japan chief cabinet sec Matsuno: Believes N Korea will take further provocative actions
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,...