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 (BTC/USD) Forecast: Open Interest Surge to Ignite a Fresh Bout of Volatility?
BITCOIN, CRYPTO KEY POINTS:Bitcoin Remains Rangebound as Open Interest Suggests Volatility May be on its Way.Whales Continue to Accumulate Bitcoin at an Impressive Rate as the $30k Mark is Seen as Key.Technicals are Starting to Point Toward a Retracement but a Weaker...
Atlanta Fed GDPNow Q4 GDP estiamte +2.1% vs 1.2% prior
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,...
NASDAQ index moved back above its 100 day moving average. Can it stay above?
As Adam points out, the NASDAQ index is on pace for its 8 consecutive day to the upside. Today, the index is up nearly 1% and traits currently at 13648.41.NASDAQ index moves above its 100 day moving average.Technically, the recent upward momentum has pushed the price...
Nasdaq streches gain to 0.8% and is on track for eighth straight increase
Nasdaq daily chartYesterday, even as Treasury yields rose, US stocks held a bid. In hindsight that was a tell as today a fall in yields and oil has inspired fresh bids in stocks, led by mega-cap tech.The Nasdaq Composite is up 0.8% and at the best levels since October...
EURUSD bounces off the 38.2% retracement & 100H MA support for 2nd time. Were you there?
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 Waller: The labor market is getting close to average from before the pandemic
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 dollar streches to fresh highs but bounce underway
The US dollar touched fresh highs against the euro, yen and commodity currencies but it's quickly backed off as long-end yields sink. EUR/USD touched 1.0665, which was fractionally below the European low. It's since rebounded to 1.0680 as part of a wave of moderate...
AUDUSD falls after RBA rate hike. Shift to a less hawkish stance leads to the fall.
The Reserve Bank of Australia height rates by 25 basis points to 4.35% overnight. The move initially sent the AUDUSD higher, but right into it resistance near 0.6500. Comments from the statement tilted more toward the less hawkish/dovish side, and buyers quickly...
No comments on monetary policy from the Fed’s Waller
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,...
Portuguese Prime Minister Costa resigns after residence raided by policy
Portuguese Prime Minister António Costa resigned after police raided his official residence earlier today. Costa has been PM since 2015 and is leader of the Socialist party.The investigation is linked to lithium exploration schemes in the north of the country and a...
Mixed opening for the major US stock indices
The major US stock indices are trading mixed at the open. The NASDAQ is working on a 7-day up streak. The Dow industrial average and the S&P index have been up for 6 consecutive days. Those streaks are in jeopardy today.A snapshot of the market currently shows:Dow...
October US Manheim used vehicle index -2.3% m/m
US used car prices continue to decline, putting some deflation in the US pipeline.Prices down 2.3% m/m seasonally adjustedPrices down 3.1% m/m not-seasonally adjustedPrices down 4.0% y/y“October revealed some not-so-spooky price moves, namely a reversal of the gains...
US stock futures are implying a mixed opening. Dow and S&P lower. NASDAQ higher
Major US indices are expected to open mixed with the futures implying a decline in the Dow and S&P while the NASDAQ is higher in premarket trading. The Nasdaq is higher for seven days, while the Dow and S&P 500 have seen gains for six consecutive days. The...
Feds Barr up next, but….
Fed's Barr, Board of Gov. member in charge of supervision, is scheduled to speak shortly, but is expected to be focused on Financial technology. Nevertheless, he is speaking on a fireside chat and there could be questions on the economy/policy.Fed's Waller is expected...
Kickstart your FX trading for November 7 with technical look at EURUSD, USDJPY and GBPUSD
In this morning video on November 7, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What are the biases, the risks, the targets for those three major currency pairs?The USD is higher vs the three major currency pairs...
Canada September trade balance 2.04B vs 1.00B estimate
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 Sept trade balance -61.5B vs -59.9B 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,...
Fed’s Goolsbee: So far we are on a good path on inflation, but not there 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,...
Forexlive European FX news wrap 7 Nov || Dips on dire data
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,...