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Visa touts a resilient consumer

Visa touts a resilient consumer

The consumer is doing just fine.Here is what Visa CEO Ryan McInerney said in the earnings release:"We reported another quarter of strong results, reflecting stable business trends. Consumer spending remained resilient, driving growth in payments volume and processed...

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Trade ideas thread – Wednesday, 25 October 2023

Trade ideas thread – Wednesday, 25 October 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,...

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FXGT.com’s 20K JPY No Deposit Bonus Is Live

FXGT.com’s 20K JPY No Deposit Bonus Is Live

FXGT.com has added to its promotional lineup with the launch of a brand new No Deposit Bonus. From today until Monday 30th October 2023 at 11:00 (GMT +3), traders can claim a bonus, upon successful completion of their account verification process.To be eligible for...

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Crude oil lower for the 3rd consecutive day

Crude oil lower for the 3rd consecutive day

The price of crude oil fell for the 3rd consecutive day. Today the settlement price for the day came in at $83.74 down $-1.75 or -2.05%. That decline comes on the back of a fall of -2.94% yesterday and a fall of -0.33% on Friday. The price action is volatile as market...

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EURJPY reaches a new 15 year high today, but backs off

EURJPY reaches a new 15 year high today, but backs off

EURJPY extends to highest level since 2008The EURJPY extended above the high price from August 30 at 159.756 and in the process reached a new high at 159.908 going back to August 2008. That's a 15-year high for the pair.The problem is, the high could only reach 14...

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US dollar gives some back as volatile trade continues in

US dollar gives some back as volatile trade continues in

The intraday chart of USD/CAD highlights the peak in dollar at the time of the latest Treasury auction and then giving some back afterwards as strong demand for bonds materialized.USDCAD intradayAnother substantial move has been in gold, which is now up $3 to $1976...

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Atlantic hurricane season winds down without fanfare

Atlantic hurricane season winds down without fanfare

October is winding down and Hurricane Tammy is spinning back towards the mid-Atlantic and Tropical Depression 21 is petering out.The next big event on the US climate agenda is El Nino and the mild weather it's suspected to bring to the northern half of the...

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US sells 2-year notes at 5.055% vs 5.055% WI

US sells 2-year notes at 5.055% vs 5.055% WI

Prior was 5.085%The sale of 2s was right on the screws and -- importantly -- the yield was sequentially lower than last month's sale. There was a concession earlier today that pushed 2s all the way to 5.13% but as equity sentiment cooled in the past two hours and oil...

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