As the day works toward the close, the major US stock indices have turned into negative territory:Dow Industrial Average is down 61 points or-0.18% at 34000.61S&P index is down -9.36 points or -0.21% of 4349.01NASDAQ index is down -22.71 points or -0.71% at...
Fed senior loan officer survey: Banks tightened standards during Q3 for commercial loans
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,...
Cable falls back to flat on the day after touching ten-week high
GBPUSD dailyA worrisome candle is shaping up on the daily cable chart. The pair rose to the highest since September 14 today at 1.2428 but it's since given back all the daily gains in a fall to 1.2371 as is trading fractionally lower.The Bank of England last week...
Crude oil higher on the day. Trades within a swing area.
Crude oil trades between swing areaThe price of crude oil is trading within a range. The low for the day came in at $80.71. The high is at $82.20. The current price is trading at $81.98Looking at the daily chart, there is a swing area between $80.90 and $83.40 (see...
US Dollar Setups: EUR/USD, GBP/USD and AUD/USD Muted as Bullish Momentum Wanes
EUR/USD TECHNICAL ANALYSISEUR/USD blasted higher last week following weaker-than-expected U.S. economic data, taking out a clear barrier in 1.0670/1.0695 area. Bullish momentum, however, faded on Monday, with the pair stalling after failing to clear technical...
Xsolla Announces Game Changing Insights For The Future Of Gaming And Game Development
Xsolla, a global video game commerce company, announces the inaugural edition of "The Xsolla Report: The State of Play." This resource is designed to serve as a strategic compass for everyone involved in the ever-evolving gaming industry and game development...
BOE Chief Economist Pill: UK inflation remains too high. GBPUSD trades technical levels.
BOEs chief economist Pill is on the wires saying:UK inflation remains too highUK rate policy does remain restrictiveSees more signs of slowing activityHigher UK rates are hitting the supply sideBOE is still working to bring inflation down to 2%We are going to see UK...
AUDUSD buyers run into a cluster of resistance. Seeing some corrective selling.
The AUDUSD buyers took the price sharply higher last week as US rates declined, stocks rebounded and risk on sentiment sent buyers into the AUDUSD pair. However, the price high ran into the falling 100-day moving average near 0.6508. It also ran into resistance going...
European equity close: UK with a modest gain but losses elsewhere
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 Cook says she hopes current policy enough to return inflation to 2%
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,...
ECB Holzman: I belong to those that think we should be ready to hike again if needed
ECB HolzmannI definitely belong to those that think we should be very careful, that we should stand ready to hike again if needed.Not really worried about the growth outlook because despite rate hikes we still have stagflation,It could be much, much worse and we are...
Fed’s Cook: Expectations of near-term policy rates do not appear to be driving long end
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,...
Bank of Canada survey: Market participants see first rate cut in April
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 USDCAD rebounds helped by weaker Ivy PMI and higher US rates. What next?
The US rates are higher today with the US two-year trading at 4.903% up 7.1 basis points and the US 10-year trading at 4.647% up 8.9 basis points (both are near highs for the day). Rates moving higher are acting as a tailwind for the USD including the USDCAD. The Ivey...
Canada October Ivey PMI 51.9 vs 53.1 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,...
Positive start for the major US indices to start the trading week
The 3 major stock indices are moving higher in early US trading and in the process, keeping the momentum going from last week's trading.A snapshot of the major indices 9 minutes into the open is showing:Dow industrial average of 57.63 points or 0.17% at...
The USDCHF broke lower on Friday and moved below key 200 day and 100 bar MA on 4H chart.
The USDCHF fell sharply on Friday after the US jobs report, and in the process broke below key moving averages including the it's 200-day moving average at 0.9002, and it's 100-bar moving average on the 4-hour chart (currently at 0.8997). The momentum to the downside...
Maestro Trading Bot Refunds 610 ETH to Users Following Router Exploit
MaestroBots, a prominent cryptocurrency trading bot on the Telegram messenger app, has swiftly taken action to refund users who were affected by a recent smart contract exploit. In an incident that unfolded on October 24, a total of 280 ETH was targeted.In response,...
US equities set for modest gains after the best week of the year
S&P 500 futures are up 7 points, or 0.2%, ahead of the open.Last week was the best one since November 2022. To my way of thinking, any gains today would be a big win following 5 days of non-stop buying, particularly with yields retracing higher today.S&P 500...
Markets Say Yes to Hiking Cycle’s End
A rally of major proportions ensued in bonds and stocks last week, supported by expectations that the hiking cycles of the FOMC, ECB, BoE, and BoC have come to an end. Though policymakers reiterated rates may have to be increased further, the “hawkish...