The NZDUSD has moved lower this week, and in the process moved below a swing area between 0.6031 and 0.60387. That swing area was retested yesterday on a corrective move higher and found willing sellers.On the downside, the low price reached earlier today stalled at...
Canada population curbs will be a drag for the loonie
Canadian Prime Minister Justin Trudeau is fighting for his political life and yesterday he came as close as he ever has to admitting a mistake. His government dropped immigration targets for the next three years by around 20%.Next year's target will instead be 395,000...
USDCAD buyers hold support. Tests the high for the week. Buyers in control.
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Atlanta Fed Q3 GDPNow 3.3% vs 3.4% prior
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NASDAQ index soaring and on pace for a new record close
The NASDAQ index is soaring as yields back off. Durable goods were better than expected with ex Boeing numbers showing strength. The Michigan consumer sentiment came in better with inflation expectations lower than last month at 2.7% (versus 2.9%).The NASDAQ index is...
US UMich October final consumer sentiment 70.5 vs 69.0 expected
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USDCHF continues to consolidate near highs. 200 hour MA in play now at 0.8651
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,...
Technology sector surges: A closer look at today’s resilient performers
Stock heatmap by FinViz.com Fri, 25 Oct 2024 13:46:05 GMTSector Overview: Unpacking the Technology SurgeToday's market is marked by an impressive performance from the technology sector, with many key players showing significant gains. Semiconductor stocks like...
The Fed blackout starts at midnight with the Nov FOMC essentially settled
The Federal Reserve blackout starts at midnight ET but it looks like it will begin about 12 hours before that with a light calendar of Fed speakers today.The lone one on the schedule is Boston Fed President Susan Collins speaking in a fireside chat about the Boston...
Kickstart the FX trading day for Oct 25 w/ a technical look at the EURUSD, USDJPY & GBPUSD
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’s Lagarde: Disinflation process is well on track
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 Sept new housing price index 0.0% vs 0.0% 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,...
US September durable goods orders -0.8% versus -1.0% 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,...
Canada August retail sales +0.4% vs +0.5% expected
Prelim was +0.5%Sept preliminary +0.4%Ex-autos -0.7% vs +0.3% expectedPrior ex-autos +0.4%Ex-autos and gas -0.4% vs +0.6% priorSales were up in four of nine subsectorsPrior to this report, RBC looked at its cardholder data and said spending was "nothing short of...
The key technical levels in play for the major currency pairs for October 25
TGIF. The USD is mixed in early US trading as the market prepares for US durable goods data at 8:30 AM ET (est -1.0% with core at -0.1% est). Canada will release their retail sales data at the same time (est 0.5%). Later at 10 AM the University of Michigan revised...
Broader markets have only priced in a modest Trump premium – Deutsche Bank
AI imageDespite recent poll shifts favoring Trump, market pricing remains cautious, according to Deutsche Bank.The extent to which a Trump win is being priced in remains cautious despite discussions about "Trump trades" in the market. DB illustrates this in both the...
ForexLive European FX news wrap: Major currencies subdued in quiet trading
Headlines:Markets:GBP leads, NZD lags on the dayEuropean equities mixed; S&P 500 futures up 0.3%US 10-year yields down 1.2 bps to 4.190%Gold down 0.4% to $2,724.44WTI crude up 0.6% to $70.65Bitcoin down 0.1% to $68,073It was another quiet session in Europe today...
Gold pares weekly advance as buyers lose some near-term momentum
With the drop today, gold is down 0.1% on the week and looks to end its latest weekly winning streak at two. There's still US trading to follow later though but there are a couple of things to note with the latest decline here. On the daily chart, it might not seem...
AUDUSD Technical Analysis – We are at a key support level
Fundamental OverviewIt looks like the market is taking some breather after an incredible rally in the US Dollar. This week was pretty empty on the data front, and we haven’t got any meaningful catalyst. The main culprit for the US Dollar strength has been the rally in...
A quiet session so far in European morning trade
This is more or less what happens when market players don't get their fix. It's all about economic data these days and there hasn't been any ones this week that stood out. The focus turned towards the bond market and rising yields but even that has cooled off in the...