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,...
New Zealand Q2 business confidence collapses further, to -44% (prior -25%)
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,...
WSJ on rising US yields, cite “potential Republican sweep in November”
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,...
Forexlive Americas FX news wrap 1 Jul; US yields continue to rise w/longer end up the most
The USD moved higher today pushed by the rise in yields that saw the yield curve steepen once again. Markets are reacting to a number of things in the debt market. Adam highlighted those ideas in his post HERE. However, what seems to be the main driver is the markets...
JP Morgan with a warning note on US stocks – see a potential reversal
Say the same thing over and over and over and one day you are bound to be right. A note from JP Morgan warns that US stocks are frothy. But that's what they've been saving for a thousand points and more now. Anyway:There is no safety net anymoremarket is positioned...
Legal action against Roaring Kitty of GameStop for securities fraud has been dismissed
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,...
ICYMI – comments from ECB’s Wunsch & Simkus – 2 interest rate cuts are easy
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,...
NASDAQ index off to a strong start. Closes at a record level.
The NASDAQ index is starting the 2H of the year with a solid gain after rising by 18.13% in the first half of 2024. The index is closing near highs for the day up 0.84% and at a new record closing level. Both the Dow industrial average and the S&P also rose to...
Economic calendar in Asia Tuesday, 2 July 2024 – RBA June meeting minutes
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 – Tuesday, 2 July, insightful charts, technical analysis, ideas
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,...
Former Fed Gov. Clarida: Sees one Fed rate cut in December
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,...
Democrats weighing early nomination for Pres. Biden
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 Pres. Lagarde: it will take time to be certain that inflation is on track
ECB Pres. Lagarde: It will take time to be certain that inflation is on trackstrong labor market means we have time to gather information.Speaking to the economic uncertainties:Soft landing for euro zone economy not guaranteed.We also need to be mindful of the fact...
Crude oil futures and settle at $83.38
Crude oil futures are settling at $83.38. That is up $1.84 or 2.26% on the day. The gain is the largest one day gain since June 10 when the index rose 2.93% and driven by expectations of higher summer demand and concerns over potential supply shortages due to OPEC+...
NZDUSD tests 100/200 day moving averages nearly 0.6068. Key barometer for buyers/sellers.
The NZDUSD is trading near session lows and in the process is testing its converged 100 and 200-day moving averages near 0.6068. When both the 100 and 200 day moving averages are converged, it represents a key risk/bias defining level for both buyers and sellers....
ECBs Wunsch: The markets pricing on rate cuts reasonable
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,...
Goldman Sachs: Another sign that the dollar still stands above the ‘challengers’
Goldman Sachs observes another indicator that the US dollar remains robust against its challengers. The broad dollar index has surpassed the October 2023 highs, with recent strength attributed to a lack of Federal Reserve rate cuts and strong US real rate advantages,...
European indices closed the day with gains
The European traders have come and gone, but it isn't too late to review the day.To start the new week, month, quarter and the 2nd half of the year, the major European indices are closed higher. A snapshot of closing levels shows: German DAX, +0.30%France CAC +1.09%UK...
USDCAD runs up to swing area/retracement target and backs off.
The USDCAD have been able to run higher yesterday helped by higher US rates. The run higher has taken the price above its 100 bar moving out on a 4-hour chart and 50% midpoint of the trading range since mid April near 1.3716, and up toward a swing area and 61.8%...
ECBs Sinkus: There is a possibility for 2 more cuts in 2024
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,...