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 US indices all turn into positive territory
The major US indices are all in positive territory now with the gains led by the Dow industrial average (+0.34%).A snapshot of the market currently shows:Dow industrial average up 118.3 points or 0.34% at 35453S&P index up 8 points or 0.18% at 4558.55NASDAQ index...
AUDUSD Breakout: Bulls gain control as price surges above key levels
The AUDUSD broke above it 38.2% retracement of the 2023 trading range as 0.66087, and in doing so increase the bullish bias from a technical perspective. He would now take a move back below that 38.2% retracement to hurt the buyers and give them some cause for pause...
Fed’s Bowman says she favors hiking rates if progress on inflation stalls
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 decline accelerates as Waller takes a dovish turn
Fed's WallerThe latest comment from the Fed's Waller is:Good arguments that if inflation continues falling for several more months that you could lower policy rateWaller is generally a hawk so this is a real turn from him and the first hint from any Fed official that...
Fed’s Goolsbee: Overall, we have made good progress 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,...
Feds Waller: Increasingly confident policy is well-positioned to slow 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,...
US November consumer confidence 102.0 vs 101.0 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,...
US November Richmond Fed composite manufacturing index -5 vs 3 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,...
Stocks Slip at Market Open; Mixed Yields Impact US Debt Market
The major US stock indices are opening near unchanged on the day. Yesterday, shares were little changed as well with:Dow industrial average fell -56.68 points or -0.16% at 35333.48S&P index fell -8.89 points or -0.19% at 4550.44NASDAQ index fell -9.84 points or...
Euro nears 1.10 for the first time since August
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,...
Maximize low risk trading opportunities in USDCHF with these expert tips
The USDCHF is keeping a bearish bias in trading this week with most of the price action through the 1st 2 trading days below its 61.8% retracement of the move up from the July low to the early October high. That level comes in at 0.88186. Staying below that level...
US Sept Case-Shiller 20-city home price index +0.7% m/m 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,...
A breakdown in OPEC would have broad macro effects
WTI dailyThere is still a high chance that OPEC+ comes to an agreement on supply as higher prices are positive for all oil-producing countries. However, there appears to be a real sticking point over country quotas, particularly in Africa.If the talks become heated...
EURUSD, GBPUSD, and USDJPY: Technical Analysis and Trading Opportunities
As North American trading gets underway, the trading ranges for the EURUSD and GBPUSD are very narrow. There is room to roam and the topside is being pushed.Looking at the EURUSD, traders are pushing the price above the 61.8% retracement of the move down from the July...
Oil Prices Stabilize as OPEC+ Meeting Looms, Gas Declines, and Silver Gains on Supply Concerns
Oil prices steadied last week after a nearly 20% decline since September, with anticipation building around the upcoming OPEC+ meeting. Speculation on potential output cuts deepening heightened market uncertainties. However, a reported delay in the meeting to November...
Bank of America offers up 9 trading themes for 2024, including US dollar softness
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,...
OPEC+ talks difficult, further delay in meeting possible – 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,...
BOE’s Haskel: Jobs market tightness means higher rates for longer
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 CAD is the strongest and the CHF is the weakest as the NA session begins.
The strongest to the weakest of the major currenciesAs the North American session begins, the CAD is the strongest and the CHF is the weakest. The USD is mixed to lower. US stocks are little changed after falling modestly. Yields are little changed after falling...