It's beginning to dawn on some people that spot ETFs won't be a white knight for the bitcoin market.We're midway through the fourth day of bitcoin ETF trading and the results aren't anywhere near the +$2 billion the bitcoin bulls were touting in the first 48 hours....
AUDUSD keeps the trend going to the downside but reaches key swing level target.What next?
The AUDUSD has continued its move to the downside in trading today. Weaker China data helped to push the price further to the downside. Technicals have also had levels broken with the 38.2% at 0.66407, the 50% at 0.65699. The 200 day MA was also broken today opening...
European equity close: A rough outing
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,...
USD/JPY hits 148.50 as the non-stop rally continues
USD/JPY today cleared the last major hurdle standing in the way of a yet-another retest of 150.00.It rose above the 61.8% retracement level from November-December slump, cruising through and adding another 100 pips beyond it. It's up 130 pips to 148.50.USDJPY dailyThe...
Gold is lower as yields move higher, the dollar moves higher. What about the technicals?
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,...
Crude Oil Price Wilts As China Growth Falls Short, US Inventory Eyed
Crude Oil Price, Analysis and ChartsCrude prices shed more than a dollar after the China dataThe market faces multiple uncertainties, as its pricing reflectsNear-term falls look more likely.Crude oil prices fell by more than a dollar per barrel on Wednesday as China’s...
Gold nears $2000 as higher bond yields weigh
Gold has fallen to a one-month low as the market loses faith in imminent cuts from the Federal Reserve and other central banks. Today's US retail sales report underscored the point as the control group rose 0.8% compared to 0.2% expected.Gold was flat coming into US...
EURUSD bounces off the 200 day MA. Buyers and sellers continue to battle
The EURUSD fell to a new low and tested its 200-day moving average at 1.08462 in the process. Buyers leaned against that level on the first test, pushing the price marginally to the upside. As outlined in the previous videos this week, the 1.08788 – 1.0894 area...
US business inventories for November -0.1% versus -0.1% 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 January NAHB housing market index 44 vs 39 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,...
The China rout coiuld be a tremendous opportunity but it needs a catalyst
The picture in Chinese stock markets is downright ugly after another 3.7% decline in Hang Seng today.Hang Seng dailyIt's now trading at the lowest since October 2022 while the Shanghai Composite has broken the 2022 lows.The market has lost faith in China as a global...
Stocks lower as better retail sales send yields higher
The stocks are opening lower after better retail sales have pushed up yields, especially in the shorter end. The market seems to like lower yields vs. better growth. Fed's Waller yesterday poured some cold water on rates moving lower sooner rather than later. The...
US December industrial production +0.1% vs 0.0% 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 the FX trading for January 17, 2024.with a look at EURUSD, USDJPY and GBPUSD
The dollar has moved higher after the US retail sales data came in stronger than expectations that has yields moving higher with the 2-year now up 10.7 basis points the 10-year is up 3.2 basis points.For the EURUSD the poster has remained below a swing year between...
US dollar doesn’t get much of a lift from retail sales
The US dollar firmed after a strong retail sales report but not as much as you would expect.USD/JPY rose about 20 pips but hasn't been able to break 148.00. EUR/USD is down 10 pips.USDJPY 5 minsThose are some modest moves despite the retail sales control group at...
Fed’s Bowman: Tougher capital standards could lead to ‘significant harm’ to US econ
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,...
Canada industrial product prices MoM for December -1.5% versus -0.7% estimate
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 December import prices 0.0% versus -0.5% estimate
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 December retail sales +0.6% vs +0.4% expected
US December retail salesDetails:Ex-autos +0.4% versus +0.2% expected. Prior ex-autos +0.2% Control group +0.8% versus +0.2% expectedPrior control group +0.4% (revised to +0.5%)Retail sales ex gas and autos +0.6 vs +0.6% prior Retail sales of risen in seven of the past...
US retail sales highlight the economic calendar, Fedspeak coming too
Today we find out just how generous Santa Claus was this year.The US December retail sales report is due at the bottom of the hour and expected up 0.4% m/m or +0.2% on the control group. Expect a significant market reaction.Released at the same time will be US...