US crude futures are settling at $78.54, down $0.33 or -0.42%.The session I reached up to $79.62. The low price extended down to $77.78.At the session high, the price extended above the high price for the year at $78.91. However, the break failed and the price rotated...
NY Fed Pres. Williams: 3 interest rate cuts in 2024 reasonable for Fed members to debate
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ECBs Nagel: It would be fatal if ECB cut rates too early only for inflation to to rebound
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RBNZ’s Orr: As aggregate demand has slowed it is been harder to pass cost increases on.
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 NY Fed Pres. Williams: Fed likely tio cut rates later this year
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Russia’s Novak: We see balance of supply and demand on the global oil market
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 Pres. Bostic: Still work to do on inflation
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 Boston Fed Pres. Collins: We should be taking time on policy
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NY Fed Pres. Williams: Still some way to go before hitting 2% inflation
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Senate Republican leader McConnell to step down in November
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Bitcoin breaks $60K and now it has rising to $64K, and buyers turn to sellers
Not just a few hours ago, the price of bitcoin broke above the natural resistance at $60,000 for the first time since November. Now the price as reached up to $64,000. Sellers have leaned against that level and are currently pushing price down to $61,572. Whoops and...
Boston Fed Pres. Collins: Likely to become appropriate to begin easing 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,...
European shares close mixed on the day
As European and London traders look toward the exits, the major European indices closed the session mixed. The final numbers are showing:German DAX, +0.25%France CAC, +0.08%UK FTSE 100, -0.76%Spain's Ibex, -0.45%Italy's FTSE MIB, -0.29%As London/European traders exit,...
USDJPY continues its push against the 2024 high at 150.87. Can the ceiling be broken?
The USDJPY has moved up toward the 2024 hi at 150.87 on two separate occasions today. The first attempt stalled and the price rotated back down to retest its 100-hour moving average (currently at 150.532).The second run to the upside occurred in the US morning session...
NZDUSD runs lower after more dovish RBNZ rate decision. What are the technicals saying?
The RBNZ kept rates unchanged at 5.5%, and were more dovish in their projections and their comments. As a result, the NZD is tumbled lower. The NZDUSD has broken through some key support levels.The 100 and 200-bar moving averages on the 4-hour chart were broken at...
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Weekly Crude oil inventories rose 4.199M versus 2.743M estimate
Crude oil stocks rose by 4.2 million barrels to 447.16 million, against a forecasted 2.7 million barrel increase.Distillate stocks decreased by 510,000 barrels to 121.14 million, versus a forecasted 2.1 million barrel draw.Gasoline inventories declined by 2.8 million...
USDCAD breaks above a key swing area, and 100 day MA and runs higher. What now?
The USDCAD broke higher earlier today, and in the process extended above a key swing area between 1.3526 and 1.35428. Just above that level was the following 100-day moving average 1.3545. Getting above all those levels increase the bullish bias and the price raised...
EURUSD makes a break above the 200 day MA /200 bar MA on the 4-hour chart
EURUSD moves above the 200 day moving averageThe EURUSD is stretching higher and in the process has been able to extend above its 200-day moving average and 200 bar moving average on the 4-hour chart (see green lines on the chart above). Both of those levels come in...
ECBs Kazaks from interview: Too soon to cut rates
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,...