EURUSD is moving back away from 50% midpoint.Close Risk now.The EURUSD is extending to a new high for the day and a new high for the week surpassing the swing highs from Tuesday and Wednesday near 1.0887. The high price just reached 1.08944.The push to the upside has...
EIA weekly US natural gas inventories +60 bcf vs +40 bcf 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,...
USDCHF stays below a cluster of resistance keeping sellers in control
The USDCHF corrected higher today and moved back up to test a key cluster of resistance defined by the:100-day moving average at 0.8900 (lower blue line on the chart below)50% midpoint of the move up from the July low at 0.88999, and the Swing area near 0.8900 (follow...
Oil plunges to the lowest since July, boosting disinflation hopes
Oil is on track for its fourth consecutive weekly loss and has plunged today to the lowest since July. WTI crude oil is down $3.60 to $73.11, a drop of 4.2%It's the lowest since July 11 as the market trades on a surprising amount of supply, despite OPEC removing...
US November NAHB housing market index 34 vs 40 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,...
Major US stock indices trading down on the day
As US stock trading gets underway, the major indices are trading in the red. At risk is the 4 day win streak for the broader indices. A snapshot of the market 11 minutes into the open and showing:Dow industrial average -45.28 points or -0.13% at 34945.49S&P index...
Unpacking WTI Crude’s Recent Price Shifts
WTI crude oil witnessed a discernible retreat, influenced by several converging factors that underscore the intricate dynamics shaping the oil market. The appreciating value of the Dollar, a perennial force in commodity markets, played a significant role, casting a...
AUDUSD stays below the 38.2% and is back below the 100 day MA
The AUDUSD extended to the upside earlier this week after the CPI data and broke above the 100-day moving average, 38.2% retracement of the move down from the July high, and a Swing area between 0.6500 and 0.65229. However the momentum could not be sustained and...
US October industrial production -0.6% vs -0.3% 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,...
Kickstart your FX trading for November 16 with a look at the EURUSD, USDJPY and GBPUSD
The US initial jobless claims and continuing claims came in weaker than expectations and is making traders think that employment may be showing some cracks. The Philly Fed business index also declined although it was better than expectations.Rates have moved lower as...
US dollar slumps after softer jobless claims data
The US dollar softened across the board after claims for jobless benefits rose to 231K from 217K in the week ending November 11. That's a modest miss but the market is extrapolating on the trend.Wal-Mart today also warned there was a “sharper falloff” in sales during...
Fed’s Mester: Whether further hikes are needed depends on the 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 October import prices -0.8% vs -0.3% 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 initial jobless claims 231K vs 220K estimate
initial jobless claims in continuing claimsPrior week 217Kinitial jobs claims 231K vs 220K estimate. Highest since August 184-week moving average 220.25K vs 212.50K last week.Continuing claims 1.865M vs 1.847M estimate. Highest since November 2021Prior week continuing...
Philadelphia Fed November manufacturing index -5.9 vs -9.0 expected
Prior -9.0Employment +0.8 vs +4.0 priorPrices paid +18.4 vs +23.1 priorPrices received +14.8 vs +14.6 priorNew orders +1.3 vs +4.4 priorShipments -17.9 vs +10.8 priorDelivery times -8.7 vs -21.4 priorInventories -3.1 vs -7.0 priorExpectations component i.e. six months...
Canada October housing starts 274.7K vs 252.9K 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,...
ForexLive European FX news wrap: Commodity currencies lag amid a mixed market mood
Headlines:Markets:JPY leads, NZD lags on the dayEuropean equities mixed; S&P 500 futures down 0.2%US 10-year yields down 3.1 bps to 4.505%Gold up 0.2% to $1,963.67WTI crude down 0.7% to $76.10Bitcoin down 1.1% to $37,215It was a rather slow session as markets are...
Alibaba shares down in pre-market as Jack Ma’s family plans to sell down shares
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’s Lagarde says Europe’s financial system has avoided worst-case scenario
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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