The USDCAD has been waffling up and down, but cells are now making a play with a move below its 200-hour moving average and 38.2% retracement of the move up from the September 19 flow. Both those levels come in at 1.36293. Staying below increases the bearish bias. On...
US employment trends for September rises to 114.66 versus 114.16 last month (revised)
Prior month 113.02 revised higher to 114.16US employment transfer September 2023 rises to 114.66From the Conference Board:“The ETI rose slightly in September, signaling continued job growth ahead," said Selcuk Eren, Senior Economist at The Conference Board. “The Index...
US indices open lower with the NASDAQ index bearing the brunt of the declines
The major US indices are opening lower with the NASDAQ index bearing the brunt of the declines. The markets are trading without the barometer from the US interest rates as the bond market is closed in observance of the Columbus Day holiday.A snapshot of the market...
More from Feds Logan: It is important to stay focused on restoring price stability
There is a lot of uncertainty over the trade-off with the unemployment rateIt is important to stay focused on restoring price stabilityThe China slowdown is something to watchSurprising strength of the economy creates risk for inflation. We have more work to do.Quite...
Major US stock indices are set to open lower after the weekend attack in Israel
Although the US bond market is closed today in observance of the Columbus Day holiday, the US stock markets will be open. The major indices futures are implying a lower opening after the weekend attack in Israel where over 1100 people have died and thousands are...
Fed’s Barr on regulation: Benefits of proposed higher bank capital outweighs the costs
Fed's Barr has put on his regulatory hat as vice chairman of supervision and says:Benefits of proposed higher bank capital outweighs the costs.Proposed higher capital requirements could raise funding costs for banks, but will enable them to absorb more losses.Post...
Fed’s Logan: Restrictive financial conditions needed to bring down inflation
Feds LoganDallas Fed Pres. Lorie Logan speaking (hawk):Continued restrictive financial conditions it will be necessary to bring down inflation.In setting policy rate, Fed must take account of financial conditions, which have taken substantially in recent months.If...
EUR/USD Price Forecast: Euro Slips on Both Local and External Factors
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Kickstart your FX trading on October 9 with a technical look at EURUSD, USDJPY and GBPUSD
The USD is moving higher on flight to safety flows after the extreme violence in Isreal on the back of the terrorist attack by Hamas militants (and Iran). Thousands of civilian deaths and injuries have occurred. Israel has responded with a barrage of attacks on...
ForexLive European FX news wrap: Dollar firms, equities pinned down on Middle East turmoil
Headlines:Markets:JPY leads, GBP lags on the dayEuropean equities lower; S&P 500 futures down 0.7%Gold up 1.0% to $1,849.14WTI crude up 3.5% to $85.66Bitcoin down 1.8% to $27,486It was a quiet session for the most part as markets are reeling from the rise in...
Stocks continue to be pinned lower so far today
It's been a quiet one to start the new week and with it being a partial holiday in the US, that should also make for a slower session later on. The big news so far is still the surprise attacks by Hamas on Israel, leading to plenty of uncertainty in the Middle East at...
Kwakol Markets Academy’s Educational Resources Transform Beginners into Investors
Nigeria-based, global multi-asset broker Kwakol Markets, which won the ‘Most Innovative Broker – Africa’ at the UF AWARDS MEA 2023, has extended its innovative approach into providing lifelong educational resources, transforming beginners into investors while offering...
Nasdaq Composite Technical Analysis – The odds are in favour of a rally
Last Friday, the NFP report massively beat forecasts with 336K jobs added against 170K expected. The unemployment rate remained unchanged at 3.8% and average hourly earnings were a touch lower. Overall, the market viewed it as a good release with the soft-landing...
Dow Jones Technical Analysis – Watch what happens around this support zone
Last Friday, the NFP report massively beat forecasts with 336K jobs added against 170K expected. The unemployment rate remained unchanged at 3.8% and average hourly earnings were a touch lower. Overall, the market viewed it as a good release with the soft-landing...
Reminder: It is a US bond market holiday today
It's all about the risk-off vibes for now amid the kneejerk reaction to the events over the weekend, in which we saw a surprise attack by Hamas on Israel. That is keeping equities on the defensive while the dollar is bid in European morning trade so far.But just be...
Gold Technical Analysis – The war in Israel leads to safe haven bids
Last Friday, the NFP report crushed even the highest estimates showing that the labour market remains pretty solid. Gold initially dipped as the odds for another rate hike rose but given the lower average hourly earnings and the unchanged unemployment rate, the market...
Uncertainty of escalation spooks the Oil market
Militants from Hamas — classified by the vast majority of western world nations as a terrorist organization — infiltrated Israel by land, sea and air on Saturday, during a major Jewish holiday, in what was the biggest attack in decades. The incursion came hours after...
Eurozone October Sentix investor confidence -21.9 vs -22.8 expected
Prior -21.5Euro area investor morale continues to suffer in October but at least the decline in sentiment is not getting that much worse. Germany continues to prove to be the main drag as Sentix notes that it would be "premature to declare a turnaround" in investor...
ECB’s de Guindos: Inflation to fall in the coming months
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,...
SNB total sight deposits w.e. 6 October CHF 479.9 bn vs 476.3 bn prior
> SNB total sight deposits w.e. 6 October CHF 479.9 bn vs 476.3 bn prior Latest data released by the SNB - 9 October 2023 <!--> Justin Low Monday, 09/10/2023 | 08:00 GMT-0 09/10/2023 | 08:00 GMT-0 --> <!--> Domestic sight deposits CHF 469.1 bn vs...