A note from Goldman Sachs' portfolio strategy research team on what the seasonals show for the year ahead of a US Presdiential election:since 1932 the 12 months heading into an election has seen the S&P 500 averaging a 7% return vs. 95 in noon-election yearssince...
Forexlive Americas FX news wrap: US dollar climbs even as yields fall
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 Treasury says no major trading partners met criteria for currency manipulation
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 indices keep winning streak going. NASDAQ index up 8 consecutive days
The day started with the Dow industrial average and S&P index lower on the day. At session lows, the S&P was down -10.58 points and the Dow industrial average always down -69.15 point). That lower open threatened the 7-day consecutive up day streak. However,...
Economic calendar in Asia Wednesday, 8 November 2023
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,...
Trade ideas thread – Wednesday, 8 November 2023
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,...
NZDUSD bounces off the 200 bar MA on 4-hour chart and the 50% midpoint
The NZDUSD moved lower on Monday and continued that trend today. Looking at the 4-hour chart, the price moved down to test its 200 bar moving average (green line in the chart below) along with the 50% midpoint of the range for October (and the range going back to...
US Sept consumer credit outstanding +9.06B vs +10B 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 crude futures settle at $77.37
The price of crude oil futures are settling at $77.37. That's down $3.45 or -4.27%. The decline is the largest sense October 4 when the price fell -5.57%.The price fell below its 200-day moving average is $78.14 and traded to the lowest level since July 24. The price...
ECB’s Nagel: Wage growth and decreasing labor supply will keep up pressure 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,...
Yields finally weigh on the US dollar
I have been waiting for signs to evaluate whether real money was going to FOMO into bonds and early returns suggest the appetite is there.Yields retraced on Monday after last week's big fall but they're lower again today, led by a 12 bps fall at the long end. US 10s...
Is the United States headed for a debt crisis?
If Hollywood decided to make a movie based on one of Aesop's fables, "The Boy Who Cried Wolf," it could easily cast Jerome Powell in the lead role.Once again, the markets overlooked the Fed Chairman's remarks about the possibility of raising interest rates, instead...
Broker Complaint Alert (BCA) Marks 3 Years of Successful Crypto Scam Recovery
“Just like there’s a possibility and time for loss, there’s always time for recovery” - Jenny Brown, head of the Recovery Technical Team at BCA.Broker Complaint Alert (BCA) Celebrates 3 Remarkable Years of Helping Victims of Crypto Scams Recover Their Lost...
Fed’s Bowman: I continue to expect we will need to raise Fed funds further
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 Logan: All of us have been surprised by resilience of US 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,...
Bitcoin moves back above the $35,000 level and makes a break above trendline resistance
The price bitcoin is breaking above a topside trendline on the hourly chart (see red numbered circles),and is testing the high price from November 5 at $35,330. The high price just reached $35,337. Move above that level and opens the door for further upside momentum....
US treasury auctions offer $48 billion of 3-year notes at a high yield of 4.701%.
High Yield: 4.701%. Previous rate was 4.74%, with a six-auction average of 4.372%.Tail: -0.1 basis points. Previous 1.7 basis points (bps), with a six-auction average of -0.3 bps.Bid-to-Cover: 2.67X. Previous 2.56X, with a six-auction average of 2.79X.Directs (a...
Crude all trades to a new low as it breaks $78. Lowest level since July
Crude oil is breaking to a new session low. The price just traded to $77.53. That's down $3.29 on the day.In the process, the prices were falling below its 200-day moving average near $78.14 (see green line in the chart below). The price is trading at the lowest level...
U.S. Treasury to auction off $48 billion of the 3 year notes at the top of the hour
The U.S. Treasury will auction off $48 billion a 3 or notes at the top of the hour. The WI is currently trading near 4.70%.High Yield: Previous rate was 4.74%, with a six-auction average of 4.372%.Tail: Previous 1.7 basis points (bps), with a six-auction average of...
GBPUSD retests its 100 hour MA. Key level for all traders. Here’s why..
The GBPUSD is back near session lows, and in the process is testing a key technical barometer at its 100 hour moving average. The moving average currently comes in at 1.22719.Also in play is a swing area between 1.2261 and 1.22758 (see red numbered circles on the...