BoC's MacklemHigher long-term bond yields are not a substitute for down what needs to be done to get inflation back down to targetMacklem is more-hawkish than the Fed with this comment. BOC will be releasing economic projections on October 25 and he said "we're not...
US October prelim UMich consumer sentiment 63.0 vs 67.2 expected
Prior was 68.1Current conditions 66.7 vs 70.4 expected (71.4 prior)Expectations 60.7 vs 65.5 expected (66.0 prior)1-year inflation 3.8% vs 3.2% prior5-10 year 3.0% vs 2.8% priorI don't like this survey and this rise is likely due to higher gasoline prices (before the...
Harker: Banks tell Fed there is almost no activity for first-time home buyers
Seeing some increase in consumer credit trouble but not a major concern yetPrefers core inflation measures to headlineCommercial real estate risks are a concern, cites downtown office spaceA 30-year fixed mortgage is running at about 7.7% right now, so it's no...
It was a story about stock markets that popularized the unluckiness of Friday the 13th
Today we associate Friday the 13th with horror movies and unluckiness but its history goes back much further. In Europe, 13 was long considered an unlucky number and Friday an unlucky day, so the combination of the two was natural.However the myth of Friday the 13th...
TON Foundation Enlists The Support Of Elliptic To Provide Ecosystem Analysis And Security
The Open Network (TON) Foundation has today announced the support of Elliptic, a leading blockchain analysis firm, to provide the network with data intelligence and additional ecosystem security, supporting TON Foundation with its goal of putting crypto in every...
Major US indices are higher by different degrees. Dow Industrial Average leads the way
The days off and running, and the major indices are all trading higher in early. The gains are being led by the Dow 30 stocks. All the major indices or higher on the week.A snapshot the market currently shows:Dow industrial average is up 270.02 points or 0.80% at...
Memecoin Project $Garbage Aims to Launch A $100,000 Giveaway
$Garbage, the world's first garbage-themed meme coin, is taking the crypto world by storm. With a unique storyline backed by a mutual distaste for the current course of modern affairs, The company hopes that $Garbage will quickly become one of the most popular and...
Gold seasonality trends: best months for investing
Like the blossom in spring and the harvest at the end of summer, gold shows recurring seasonal patterns or seasonality trends in its market performance. Let's look at how seasonality and cyclicality affect gold prices.Gold's upcoming seasonal phase is positiveA...
Do you wonder what technical traders look to do? Watch this video on the USDCHF
Have you ever wondered what technical traders look to do? If you are even mildly interested in that challenge, then watch this video on the USDCHF. It'll take less than 3 minutes of your time. It is not hard, but it will make you a better trader. Like and share...
ECB’s Lagarde: We will return inflation to 2%, it is happening
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 on October 13 with a technical look at EURUSD, USDJPY and GBPUSD
Kickstart your forex trading on October 13 with a technical look at the technicals driving the EURUSD, USDJPY and GBPUSD.EURUSD: The EURUSD is trading up and down today with the highs stalling against a swing area between 1.0551 and 1.0557. Ahead of that is the...
Harker: Fed is likely to be done with rate hikes
Fed's HarkerHarker recently shifted to a calling for the Fed to hold so this isn't new, though he wasn't this explicit previously.Supports higher-for-longer interest rate stanceCan't say for low long rates will need to remain highSees steadily disinflation, falling...
Impressive reboung for gold as it braces for an uncertain weekend
There are three elements to this week's gold rally:1) A bounce from technical support in the low $1800s. In March, gold also bounced here, as the chart illustrates.gold chart2) US dollar weakness and worries about US debtThis week's terrible slate of Treasury auctions...
US September import prices +0.1% vs +0.5% expected
Prior was +0.5% (revised to +0.6%)Export prices +0.7% vs +0.5% expectedPrior was +1.3% *(revised to +1.1%)Year over year:Import prices -1.7% vs -3.0% priorExport prices -4.1% vs -5.5% priorThe PPI and CPI reports were both hot this week, pushing yields higher. This is...
AUD Price Forecast: Aussie Dollar Remains Vulnerable
AUD/USD ANALYSIS & TALKING POINTSSoft Chinese CPI and safe haven demand for USD weighs on AUD.US data under the spotlight later today.New yearly lows looming for AUD/USD?Elevate your trading skills and gain a competitive edge. Get your hands on the Australian...
ForexLive European FX news wrap: Oil surges, bonds bid as Israel calls for Gaza evacuation
Headlines:Markets:CHF leads, NZD lags on the dayEuropean equities lower; S&P 500 futures flatUS 10-year yields down 10 bps to 4.608%Gold up 1.5% to $1,897.53WTI crude up 4.0% to $86.26Bitcoin up 0.3% to $26,807It started off with a more tentative mood but markets...
Nasdaq Composite Technical Analysis – Another rally into the weekend?
After four consecutive green days, the Nasdaq Composite yesterday got under some pressure caused by an ugly bond auction that made Treasury yields to spike higher. The US data before the auction hasn’t weighed on the index as Core CPI came in line with expectations...
FTSE 100, DAX 40 and S&P 500 Capped by Key Resistance on Uptick in US inflation
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, and S&P 500 Analysis and ChartsFTSE 100 capped by resistanceThe FTSE 100 has seen six consecutive days of gains, on Thursday driven by energy and health care stocks, but has come off the...
Oil rallies back on the week on Middle East fears
WTI crude oil daily chartOil is up nearly 4% on the day with WTI crude now seen up to above $86 in a big surge in European morning trade. This comes as Israel issued a threat and instructed civilians in Gaza to evacuate the city and relocate to the south within the...
Markets seeking shelter ahead of the weekend?
The latest news from the Middle East is that Israel has instructed for all civilians in Gaza to evacuate the city and relocate to the south within the next 24 hours. The call is that "now is the time for war" as the Israeli military is preparing to attack and social...