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,...
Hedge fund inflows into US equities the largest since June
A couple of interesting items from a Bank of America note on Tuesday regarding equity flows last week. In brief:Hedge fund (largest inflow since June) and institutional clients were net buyersretail clients were net sellers for the first time since Septemberbuying...
Federal Reserve Chair Powell is speaking on Wednesday, 8 November 2023 (Williams too)
Federal Reserve Chair Jay Powell will be speaking today. His presentation is being billed as 'opening remarks' so they may not have too much for traders to chew on. Due at 1415 GMT, which is 0915 US Eastern time, Powell gives opening remarks before the Federal Reserve...
Oil – private survey of inventory shows large headline crude build
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.Via Twitter:I had seen a different number elsewhere for the distillates.ADDED - ok here we go, this looks closer to what I had seen:--Expectations I had...
Goldman Sachs on US election year seasonals – weaker than normal equity returns expected
A note from Goldman Sachs' portfolio strategy research team on what the seasonals show for the year ahead of a US Presdiential election:since 1932 the 12 months heading into an election has seen the S&P 500 averaging a 7% return vs. 95 in noon-election yearssince...
Forexlive Americas FX news wrap: US dollar climbs even as yields fall
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 says no major trading partners met criteria for currency manipulation
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 indices keep winning streak going. NASDAQ index up 8 consecutive days
The day started with the Dow industrial average and S&P index lower on the day. At session lows, the S&P was down -10.58 points and the Dow industrial average always down -69.15 point). That lower open threatened the 7-day consecutive up day streak. However,...
Economic calendar in Asia Wednesday, 8 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, 8 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,...
NZDUSD bounces off the 200 bar MA on 4-hour chart and the 50% midpoint
The NZDUSD moved lower on Monday and continued that trend today. Looking at the 4-hour chart, the price moved down to test its 200 bar moving average (green line in the chart below) along with the 50% midpoint of the range for October (and the range going back to...
US Sept consumer credit outstanding +9.06B vs +10B 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,...
US crude futures settle at $77.37
The price of crude oil futures are settling at $77.37. That's down $3.45 or -4.27%. The decline is the largest sense October 4 when the price fell -5.57%.The price fell below its 200-day moving average is $78.14 and traded to the lowest level since July 24. The price...
ECB’s Nagel: Wage growth and decreasing labor supply will keep up pressure 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,...
Yields finally weigh on the US dollar
I have been waiting for signs to evaluate whether real money was going to FOMO into bonds and early returns suggest the appetite is there.Yields retraced on Monday after last week's big fall but they're lower again today, led by a 12 bps fall at the long end. US 10s...
Is the United States headed for a debt crisis?
If Hollywood decided to make a movie based on one of Aesop's fables, "The Boy Who Cried Wolf," it could easily cast Jerome Powell in the lead role.Once again, the markets overlooked the Fed Chairman's remarks about the possibility of raising interest rates, instead...
Broker Complaint Alert (BCA) Marks 3 Years of Successful Crypto Scam Recovery
“Just like there’s a possibility and time for loss, there’s always time for recovery” - Jenny Brown, head of the Recovery Technical Team at BCA.Broker Complaint Alert (BCA) Celebrates 3 Remarkable Years of Helping Victims of Crypto Scams Recover Their Lost...
Fed’s Bowman: I continue to expect we will need to raise Fed funds further
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 Logan: All of us have been surprised by resilience of US economy
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 moves back above the $35,000 level and makes a break above trendline resistance
The price bitcoin is breaking above a topside trendline on the hourly chart (see red numbered circles),and is testing the high price from November 5 at $35,330. The high price just reached $35,337. Move above that level and opens the door for further upside momentum....