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,...
ECB Holzman: I belong to those that think we should be ready to hike again if needed
ECB HolzmannI definitely belong to those that think we should be very careful, that we should stand ready to hike again if needed.Not really worried about the growth outlook because despite rate hikes we still have stagflation,It could be much, much worse and we are...
Fed’s Cook: Expectations of near-term policy rates do not appear to be driving long end
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,...
Bank of Canada survey: Market participants see first rate cut in April
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 rebounds helped by weaker Ivy PMI and higher US rates. What next?
The US rates are higher today with the US two-year trading at 4.903% up 7.1 basis points and the US 10-year trading at 4.647% up 8.9 basis points (both are near highs for the day). Rates moving higher are acting as a tailwind for the USD including the USDCAD. The Ivey...
Canada October Ivey PMI 51.9 vs 53.1 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,...
Positive start for the major US indices to start the trading week
The 3 major stock indices are moving higher in early US trading and in the process, keeping the momentum going from last week's trading.A snapshot of the major indices 9 minutes into the open is showing:Dow industrial average of 57.63 points or 0.17% at...
The USDCHF broke lower on Friday and moved below key 200 day and 100 bar MA on 4H chart.
The USDCHF fell sharply on Friday after the US jobs report, and in the process broke below key moving averages including the it's 200-day moving average at 0.9002, and it's 100-bar moving average on the 4-hour chart (currently at 0.8997). The momentum to the downside...
Maestro Trading Bot Refunds 610 ETH to Users Following Router Exploit
MaestroBots, a prominent cryptocurrency trading bot on the Telegram messenger app, has swiftly taken action to refund users who were affected by a recent smart contract exploit. In an incident that unfolded on October 24, a total of 280 ETH was targeted.In response,...
US equities set for modest gains after the best week of the year
S&P 500 futures are up 7 points, or 0.2%, ahead of the open.Last week was the best one since November 2022. To my way of thinking, any gains today would be a big win following 5 days of non-stop buying, particularly with yields retracing higher today.S&P 500...
Markets Say Yes to Hiking Cycle’s End
A rally of major proportions ensued in bonds and stocks last week, supported by expectations that the hiking cycles of the FOMC, ECB, BoE, and BoC have come to an end. Though policymakers reiterated rates may have to be increased further, the “hawkish...
Putin has decided to run in the March 2024 election – report
The rumors about Vladimir Putin's health do the rounds every once in awhile but he's planning to run in the March election, according to six sources cited by Reuters.If he wins the election (spoiler: he will) that would keep in in power until 2030 when he will be 77...
Kickstart your FX trading for November 6 with technical look at EURUSD, USDJPY and GBPUSD
In this morning video on November 6, 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?EURUSD: The EURUSD raced higher on Friday after the US...
Eyes on bonds as a retracement gathers momentum
The US economic calendar is light today and so market action will be the focus.So far, there has been a retracement in yields after last week's sharp fall. US 2-year yields and 10-year yields are up 6 bps to 4.89% and 4.61%, respectively. I think we trace out a range...
Most of the big names have announced, but what companies are on the calendar this week?
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 6 Nov || Stocks firmer in subdued trade
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,...
Dollar extends drop, still vulnerable after Fed
The U.S. dollar extended its decline on Monday, having fallen last week by the most since July after the Federal Reserve dialled down its hawkish rhetoric and U.S. data showed signs of moderation.FULL STORYDane Cekov, senior FX strategist at Nordea, called last week's...
Hedge funds pile into US stock rally at fastest pace in 2 years – Goldman Sachs
Hedge funds pile into US stock rally at fastest pace in 2 years - Goldman SachsFULL STORYHedge funds last week "aggressively" bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note, with traders jumping into a stock rally fuelled by hopes that...
Oil up 1.5% as Saudi Arabia and Russia stick to supply cuts
Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year.FULL STORYOil was rebounding after both benchmarks lost about 6% in the week to Nov. 3.Saudi Arabia confirmed...
Learn More About Indices Trading
Indices trading is a popular form of financial trading where traders speculate on the price movements of stock indices. Stock indices are a compilation of stocks from different sectors, providing a snapshot of the overall performance of a particular stock market. Some...