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 GDPNow estimate for Q1 growth remains unchanged at 2.9%
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,...
The USDCAD moved higher but comes off intraday highs to retest the 200 day MA
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,...
Goldman Sachs now sees higher PCE inflation and lower Q1 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,...
The PPI moves have faded in FX and bonds
The dollar and fixed income market have been quick to shrug off the PPI data. The euro is now back to pre-PPI levels and the front end of the yield curve is as well with US 2s at 4.65% from a high of 4.72%.EURUSD 10 minsBefore the PPI data, I highlighted why I thought...
USDCHF holds support. Buyers are looking good with the 200 day MA looming to the topside.
The USDCHF is rebounding today, after falling yesterday on the back of the weaker retail sales. What is key technically is that on the run lower yesterday, the price did move back below the 200-day MA and then the 100 day MA, but held support right at the 50% of the...
Weekly Market Recap (12-16 February)
Over the weekend ECB’s Panetta (dove – voter) said that he prefers to cut rates earlier and gradually then risking waiting more and ending up cutting more aggressively:The time for interest rate cut is fast approaching.What should be discussed now are the conditions...
US February UMich prelim consumer sentiment 79.6 vs 80.0 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,...
Bostic and Daly still on today’s Fed agenda; UMich sentiment next, US long weekend coming
US traders might head out early for a long weekend but we still have some work to do before then.The preliminary UMich consumer sentiment survey is due at the top of the hour with the consensus showing a rise to 80.0 from 79.0. I don't have any use for this report but...
The US indices are trading lower soon after the open
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,...
The USD has moved higher after stronger PPI. What next for the EURUSD, USDJPY and GBPUSD?
The US PPI data came in stronger than expectations. That lined up with the CPI data from earlier this week but not with the retail sales from yesterday's trade. On Tuesday after the CPI was all the dollar move higher. Yesterday after the retail sales we saw the dollar...
Fed’s Barr: Supervisors closely focused on commercial real estate risks
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,...
Gold (XAU/USD) Picking Up a Small Bid as Oversold Conditions Begin to Clear
Gold (XAU/USD) Analysis and ChartUS PPI comes in hotter-than-expectedRetail sales missed market expectations and turned negative in January.Gold is correcting higher after being technically oversold. Recommended by Nick Cawley How to Trade Gold Get My Guide Recently...
US dollar heats up after hot producer price data
The US dollar jumped around 30 pips after hot PPI data added to the January inflation warnings. CPI earlier this week caused a fright in markets and import/export prices were also high.I wonder if there aren't some seasonal adjustment problems at the turn of the...
Fed’s Barkin: January economic data has been messy, not that good
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 PPI +0.9% vs +0.6% 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 January housing starts 1.331 million versus 1.460 million 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,...
Canada December wholesale sales +0.3% vs +0.8% 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,...
Seasonal adjustments in focus in the PPI report
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: Major currencies muted, stocks not slowing down
Headlines:Markets:NZD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields up 2.4 bps to 4.263%Gold up 0.2% to $2,007.53WTI crude down 0.6% to $77.57Bitcoin up 1.7% to $52,250It was a quiet session for FX but stocks are...