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,...
Fed’s Goolsbee: Inflation progress continues while economic growth has been strong
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 10 year yield tumbles below 4.5%
US 10 year yield falls below 4.5%The US 10-year yield fell sharply today and is currently down -16.1 basis points at 4.47%. The low yield today reached 4.434%.Looking at the daily chart, the move lower today took the price below the 4.500% level and also a swing level...
New Zealand dollar gains strength as European traders exit, US dollar weakens
The strongest to weakest of the major currenciesAs London/European traders head for the exits, the US dollar is getting hammered with the client of over 1.20% versus the EUR, GBP, CHF, AUD and NZD. The declines verse the JPY and CAD are less, but still around...
GBPUSD breaks resistance, surges above moving averages
The GBPUSD is now above it 200 day moving averageThe GBPUSD is extended to a new session high at 1.2482. Period the pair is now up 1.69%. That's the largest gain in the pair since November 10, 2022.In the process, the price of the GBPUSD has extended above its 200-day...
European equity close: Big gains, UK restrainted by currency climb
Daily changes:Stoxx 600 +1.4%German DAX +1.8%UK FTSE 100 +0.3%French CAC +1.5%Italy MIB +1.5%Spain IBEX +1.7%The picture is starting to brighten in Europe and it's looking more and more like a bottom was hit at the end of October.STOXX 600 dailyThere's a high inverse...
S&P index up 2%. Largest gain since January 6
S&P index trades to a new high and looks toward swing areaThe major US stock indices remain well elevated. The S&P index is now up over 2% at 4500. That's the highest level since September 14 when the high price extended to 4511.99. That is the next target....
Cleveland Fed November core CPI +0.29%
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 moves down and looks to test the 100 day MA
USDCHF moves closer to its 100 day moving averageThe Swiss franc - like all major currencies - is running to the upside versus the greenback. The USDCH pair is currently down -1.01%. That is the largest decline since July 12.Technically, the price started the day...
Atlanta Fed sticky CPI 4.9% vs 5.1% 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,...
Scalise says he is confident US House will pass a stop-gap funding bill 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,...
Soft-landing elation grips markets
Stock market gains today:The S&P 500 is up 1.9%The Nasdaq up 2.3%The Russell 2000 up 3.7%It's a bonanza in markets after US CPI was slightly lower than expected today. The market has priced out any further Fed rate hikes and is cheering the likelihood of a soft...
AUDUSD skyrockets, targets key moving average
The AUDUSD is racing to the upside on "risk on" flows (and overall USD selling) after the US CPI data. The pair is currently up 1.54%. That's the largest gain since January 6 (gain of 1.78%).AUDUSD runs higher after tame CPI in the USTechnically, the pair is back...
Live Analysis – US Inflation with Andria & Francois
Fed funds futures are surging as the CPI report takes the FOMC out of the picture for now. Deferred contracts are pacing the move, though we suspect the market is getting ahead of itself, moving forward rate cuts and pricing in a string of easings next year. The...
Strong start for the major US indices after lower-than-expected CPI
The major stock indices are opening with solid gains led by the NASDAQ index. US CPI came in tamer than expectations at 0.0% for the headline number and 0.2% for the core measure. Expectations for a Fed tightening have been taken out of the market in December. Feds...
What Home Depot is seeing in the US consumer
Home Depot sharesHardware giant Home Depot reported earnings today of $3.8 billion compared to $4.3 billion a year earlier. Still, shares are up 3.5% in the pre-market as they were stronger than expected.Housing is naturally a drag on the US economy with interest...
Kickstart your FX trading for Nov. 14 w/ a technical look at the EURUSD, USDJPY and GBPUSD
The US CPI data came in softer than expectations and that has led to a sharp move lower in the US dollar. Having said that, there is some technical levels in play after the move. What are those levels? What next for the EURUSD, USDJPY and GBPUSD? This video will...
SNB’s Jordan: I’m not sure whether if the terminal rate has been reached
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,...
Fed’s Barkin: There are risks from over and under-correcting 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,...
BOE’s Pill: There is significant 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,...