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,...
Major European shares close the day mixed
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 moves to new highs and looks toward 2024 high at 150.88
USDJPY extends to new highsThe USDJPY is moving to a new session high and in the process is extending above a swing area between 150.718 and 150.774. The next target comes against the high price from 2024 which was reached on February 13 at 150.88 (see chart above)....
AUDUSDD moves to new lows and tilts the technical bias more to the downside in the pair
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 treasury sells $63 billion of two-year notes at a high yield of 4.691%
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,...
Bitcoin breaks the range to hit $53,000 for the first time since 2021
Bitcoin dailyBitcoin is trading at the highest since December 2021 as it breaks out of a consolidation pattern from the past two weeks.Bitcoin has been trending higher for the past month but stalled on February 15 to carve out a narrow range around $50-53K. However it...
ECB Pres. Lagarde: Increasing signs of bottoming out in growth.
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,...
ECBs Lagarde to speak at the top of the hour
ECBs Lagarde is scheduled to speak at the top of the hour. Lagarde has been cautious in her statements on changing policy too soon.Looking at the EURUSD, looking at the hourly chart below, the price is coming off at session highs at 1.0859. As outlined in the...
Dallas Fed manufacturing index for February -11.3 versus -27.4 last month
Prior month -27.4Dallas Fed manufacturing index -11.3 in FebruaryDetails from the Dallas Fed. Texas factory activity showed signs of stabilization in February, recovering from contraction in January according to the Texas Manufacturing Outlook Survey.:Production...
USDCAD bounces off hourly MA support but has swing area /50% resistance on the topside
The USDCAD fell in the early North American session but found support buyers near the converged 100/200 hour MAs. Both those MAs came in near the natural support at 1.3500 as well.The high today also tested a technical area. For it, the swing area between 1.3526 to...
FMAS:24 – Unleashing the Power of Networking
Networking has emerged as an indispensable tool for professionals seeking growth and opportunity in 2024. This is especially true at the upcoming Finance Magnates Africa Summit (FMAS:24), taking place May 20-22 at Sandton City, South Africa. The professional event is...
US January new homre sales 661K vs 680K 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,...
USDCHF stays above a cluster of support defined by 50%, 100 day and 100 bar MA on 4-hour
The USDCHF is down on the day but the decline has found support against a cluster of key support including the 50% retracement of the move down from the October high to the December low, the 100-day moving average, and the 100 bar moving average on the 4-hour chart....
ECB’s Lagarde: We are not there yet 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,...
US new home sales coming up next
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 trading marginally higher to start the trading week
The major US stock indices are trading marginally higher to start the week. Recall on Friday, both the S&P and Dow industrial average closed at record levels. During the week, the NASDAQ index extended above the all-time high closing level at 16057.44 but could...
Kickstart your FX trading for February 26 with a technical look at EURUSD, USDJPY, GBPUSD
As the North American session begins for the day/week, the above video out once the technical levels in play for the three major currency pairs – the EURUSD, USDJPY and GBPUSD. What is the bias (bullish or bearish), the risks, the targets for each of those pairs and...
Israel holds main interest rate unchanged at 4.50%
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 January wholesale trade -0.6%
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 January building permits revised to -0.3% from -1.5%
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,...