GBPUSD based ahead of the 50% midpointThe GBPUSD is trading up and down today. The high price in the European session approached its 100-hour moving average (blue line in the chart above), but fell short of that target. Recall from yesterday, the price in the US...
SNB Schlegel speaks on bank liquidity and risk
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 Paese: Too soon to rule out further US rate hikes
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,...
BOC’s Rogers: Canadians are feeling some pressure as they adjust to higher 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,...
EUR/USD Price Forecast: FED, ECB President to Facilitate a Move Toward 1.0800?
EUR/USD, PRICE FORECAST:WEEKLY FORECAST: Gold Price Forecast: $1950 Key Support Approaches as Bears Eye Further DownsideThe Euro appears to be gaining some traction against the Greenback of late. The 1.0700 handle however has proved stubborn with EURUSD unable to...
EURUSD tests 100-hour MA after breaking above, Fed’s Barkin comments on inflation pressure
EURUSD tests the 100 hour MA after breaking above.The EURUSD has extended above its 100-hour moving average at 1.0708 (see earlier video outlining that levels importance for the buyers today). The high price has reached up to 1.07248. However, the price has moved back...
More from Barkin: I don’t see us as done yet
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,...
AUDUSD: Potential upside momentum as price threatens to snap 3-day decline
The AUDUSD moved higher at the start of November, with some of the run-up on the "risk-on" flow helped by higher US stocks. More recently, the pair has moved lower (3 days down). China slower growth is a concern perhaps (inflation today it was negative for both CPI...
Fed’s Barkin: US economy is ‘remarkably healthy’
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,...
Is oil the tail that’s wagging the dog?
The US dollar is under some pressure, particularly against commodity currencies. That's despite rising yields.The market has shifted its focus to growth rather than rate differentials and the US looks good. Or at least it does unless the Fed decides to hike further...
Israel will implement four-hour pauses in Gaza operations each day
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,...
USDCAD struggles to maintain bullish technical momentum. A deep dive into the USDCAD pair.
The USDCAD on the daily chart, moved up to test the low of the swing area near 1.38045. The move higher earlier this week was held by oil prices moving to the downside. Today, oil prices are higher by about $1 and we are seeing a rotation to the downside in the USDCAD...
Fed’s Bostic: We will remain restrictive until we’re sure about 2% inflation
If you take Fed officials at their word, the obvious trade is to wait for risk assets to sink in 2024 because the Fed will hold rates too high for too long. The market doesn't wait until it's 'sure' about anything.Of course, the Fed could be swayed and maybe Bostic...
Economist poll now sees the Bank of England cutting rates in Q3 2024
BoEReuters is out with a poll of UK economists and they now see a soon start to the BOE rate cutting cycle.The next BOE meeting is on Dec 14 and 68 of 69 economists see no change in the 5.25% with one seeing a 25 bps cut (there's always one).Where the poll gets...
Fed officials Bostic and Barkin: Policy is restrictive. Anecdotal evidence challenges GDP
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,...
Precious Metals Trading Made Clear: An Octa Guide
Precious metals have attracted traders and investors for centuries. From the bustling bazaars of ancient civilisations to the digital marketplaces of today, the trading of precious metals, such as gold, silver, platinum, and palladium, remains a lucrative and...
TD foresees a regime change for the US dollar
US dollar indexTD Securities projects a downturn for the USD in the near-term, emphasizing a relative calm in risk events. A series of economic indicators, including payroll numbers, ISM data, and other economic reports, signal a moderation in the US economy's growth,...
Stock market trading trends: NASDAQ and S&P on winning streaks, Dow snaps win streak
The major US stock indices are trading above and below unchanged in early US trading. Winning streaks are still in play for the NASDAQ and the S&P index. The NASDAQ index has been up for 9 consecutive days while the S&P index has been up for 8 consecutive...
NZDUSD holds support, buyers attempt to take control above moving averages
The NZDUSD has moved lower over the last 3 trading days in the process retested at the high of a swing area on the daily chart near 0.59028 (see chart below). Support buyers came against that level and have pushed the price higher in trading today from a technical...
US equity futures point moderately higher, Tesla gets a ‘sell’ rating
S&P 500 futures are up 0.3% ahead of the open while Nasdaq futures are up only fractionally. The Nasdaq is on a nine-day winning streak, which is the longest in two years.What won't help is a 1% decline in Tesla shares in the premarket. HSBC initiated coverage on...