Most Read: Gold Price Forecast - Core PCE Data to Guide Markets Ahead of Fed DecisionThe U.S. Bureau of Economic Analysis will release on Friday core personal consumption expenditures data, the Fed’s favorite inflation gauge. The strength or weakness of the report...
ICYMI: U.K. suspends trade negotiations with Canada
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,...
UBS views on EUR, GBP, USD, CHF … they most prefer the Australian dollar
From UBS some snippets on EUR and the European Central Bank, and on other FX also:Most G10 currency pairings are now back in familiar ranges (e.g., EUR/USD between 1.0500 and 1.1000), where we expect them to remain in the coming months.Indeed, UBS is looking to sell...
JP Morgan on the European Central Bank – watch wages 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,...
Intel earnings and revenues beat but the guidance is a disppointment
Intel Corp (INTC) Q4 2023 Earnings:EPS: $0.63, Beat expectations of $0.45.Revenue: $15.4 billion, Beat expectations of $15.16 billion.Guidance for Q1:Adjusted EPS view: $0.13, below expectations of $0.34.Adjusted revenue view: $12.2 to $13.2 billion, below...
US Treasury Secretary Yellen: GDP report a good thing, won’t create inflationary challenge
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 close with major indices higher. 6th day in a row higher for S&P and Nasdaq..
The major US stock indices are closing higher with the Dow 30 leading the way. The final numbers are showing:Dow industrial average rose 242.74 points or 0.64% at 38049.12S&P index was 25.63 points or 0.53% at 4894.17NASDAQ index was 28.57 points or 0.18% at...
Forexlive Americas FX news wrap: US GDP beats estimates, dollar climbs
Markets:Gold up $5 to $2017US 10-year yields down 5 bps to 4.12%WTI crude oil up $2.20 to $77.28S&P 500 up 0.4% CAD leads, CHF lagsThere was plenty to digest today with the ECB and US GDP report along with a handful of other releases. The picture in the US was...
Asian Economic Calendar: Key Events and Consensus Expectations for 26 January 2024
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,...
Trade ideas thread – Friday, 26 January, insightful charts, technical analysis, ideas
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,...
What does the US GDP report say about the consumer?
CIBC writes about today's GDP and the US consumer going forward. Personal consumption rose at a 2.8% annualized pace in the report, a deceleration from 3.1% in Q3 but still at a healthy clip, including an increase in services consumption to 2.4% from 2.2%.The slight...
Intel earnings after the close. What is expected .
Intel will report its earnings after the close. According to analysts:Expected Adjusted EPS: $0.45, a significant improvement from last year's Q4 earnings of $0.10 per share.Expected Revenue: $15.2 billion, higher than the $14 billion reported in the same quarter last...
What is on the after-hours US earnings calendar today
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,...
AUDUSD stuck in a narrow trading range for the week as trader await the next shove
The AUDUSD is mired in a narrow 70-pip trading range this week. The low was reached at the high of a swing area at 0.65504 (swing area down to 0.65417). The high reached up to the high of a swing area between 0.6612 to 0.66215. In between is the 200 day MA and the 50%...
Tesla shares fall 13% to the worst since May 2023. What’s next
The Magnificent Seven is now the Super Six.Shares of Tesla are now down 32% from the December 27 high of $265, including a 13% post-earnings drop today. The fall to $180 is the lowest since May 2023.Shares are wildly oversold with the daily RSI at 16.8 but the chart...
Oil rises to a seven-week high
WTI crude oil dailyOil is having itself a strong day on worries that Iran may be pulled into a Middle Eastern war and with the Red Sea closure looking like a real quagmire.In addition, oil is getting a tailwind from strong US GDP data and hopes for better Chinese...
ECB policymakers open to start discussing cuts in March if inflation data improves
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 sells 7-year notes at 4.109% vs 4.106% WI
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,...
Putin said to signal that he’s open to talks on Ukraine – report
AI imageEarlier this month, Ukraine called for talks but it turned out those talks didn't include Russia and were pre-conditioned on the return of all Ukrainian territory and prosecution for war crimes. That's a bit of a non-starter.So we'll wait on where this goes...
EURUSD moves lower after ECB rate decision and in the process falls below the 200 day MA
The EURUSD moved lower on the back of the ECB rate decision and the press conference from ECBs Lagarde. In the process, the pair moved below the 200-day MA at 1.08432 and toward a key swing between 1.08038 to 1.08243. Move below that level and traders will be looking...