The USDCHF this week progressed through a series of steps technically, that played like a symphonic orchestra. In this video, I get on my soapbox, look at the progressions of the price action this week, explain the "whys" and set the stage for the next move. If you...
Kickstart your FX trading for October 27 with technical look at EURUSD, USDJPY and GBPUSD
In this morning video on October 27, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What are the biases, the risks, the targets for those three major currency pairs?EURUSD: The EURUSD tried to extend above resistance...
There is talk of a ceasefire between Hamas and Israel
Al Jazeera reports that: "Negotiations are progressing rapidly to achieve a ceasefire agreement and an exchange deal between Hamas and Israel, mediated by Qatar"There are some kneejerk moves in markets on this but it's hard to believe that we could really see a...
USD Breaking News: Dollar Index Slides as PCE Data Declines in Line with Estimates
US Core PCE Key Points:MOST READ: Oil Price Forecast: WTI Rangebound as Demand Concerns Resurface. $80 a Barrel Incoming?Elevate your trading skills and gain a competitive edge. Get your hands on the US Dollar Q4 outlook today for exclusive insights into key market...
Weekly Market Recap (23-27 October)
MondayMonday was an empty day on the data front with just a couple of notable events:We haven’t seen a ground offence in Gaza over the weekend, although the airstrikes continued. Nonetheless, the risk sentiment improved as the ground operation is seen as the biggest...
US September PCE core +3.7% vs +3.7% expected
Core PCE yyPrior was +3.9%PCE core MoM +0.3% vs +0.3% expectedPrior MoM +0.1%Headline PCE +3.4% vs +3.4% expected (prior +3.5%, revised to 3.4%)Deflator MoM +0.4% vs +0.3% expected (prior +0.4%)Full reportConsumer spending and income for September:Personal income...
Watch out for a hot headline PCE number
PCE price index yyInflation and consumption are on the agenda today with the September US PCE report coming up at the bottom of the hour. There is good reason to think that the PCE price index will overshoot the +3.4% y/y and +0.3% m/m consensus. In yesterday's GDP...
The AUD is the strongest and the CHF is the weakest as the NA session begins.
The strongest to the weakest of the major currenciesThe AUD is the strongest and the CHF is the weakest as the NA session begins. The USD is stuck in the middle of the "league table" with the USDCHF (up 0.42%), offset by USD declines vs the AUD (USD lower by -0.27%)....
ForexLive European FX news wrap: Dollar mixed, equities trim early gains
Headlines:Markets:AUD leads, CHF lags on the dayEuropean equities lower; S&P 500 futures up 0.2%US 10-year yields up 2.8 bps to 4.872%Gold down 0.1% to $1,981.89WTI crude up 1.8% to $84.71Bitcoin down 0.6% to $33,984It was a quieter session as markets are gearing...
Japanese Stocks Rally: JPN225’s Surge and What Lies Ahead
Japan’s Nikkei Stock Average experienced a notable 1.3% surge, last trading at a solid 30,990. This surge in the Japanese index appears to be influenced by the positive performance of US stock index futures, which often serve as a harbinger of improved risk...
Futures trim advance ahead of US trading
Is the relief today going to be a short-lived one? US futures are looking nervy now with S&P 500 futures up by just under 10 points, or 0.2%, currently. The gains earlier were as much as 0.7% with Nasdaq futures also trimming gains to just 0.7% now after having...
[수익 인증] 집에서 부업으로 월 380~550만원 돈버는 새로운 방법 (나이 학력 무관! 99%가 잘모르는 재택부업) ft.조슬린
https://www.youtube.com/watch?v=aNTFsWOG2WM 그동안 다양한 직장인 부업을 소개해 드렸는데요, 오늘은 부업으로 월 500만원 이상을 순수익으로 벌고 있는 새로운 돈버는 방법을 소개합니다. 이번에 만난 인터뷰이는 조슬린 님인데요, 조슬린 님은 야근이 많은 회사 때문에 건강이 안좋아져, 집에서 가능한 부업이 필요했습니다. 우연히 시작한 부업을 통해, 현재는 해당 부업만으로도 월 500만원 이상의 돈을 벌고 있는데요, 이번에 나그네님들을 위해 자신이...
Oil climbs up by over 2% but still poised for a weekly drop
WTI crude itself is up roughly 2.5% to $85.28 as oil is seeking a rebound towards the end of the week. The low this week nearly touched the $82 level, where we also saw price find a rebound at the start of the month:WTI crude oil daily chartThe tensions in the Middle...
USD/JPY gets pulled towards the 150.00 mark on the day
USD/JPY 5-minute chartAfter the quick dip yesterday here, the pair has been consolidating a fair bit but have slowly moved lower since the end of the Tokyo session earlier today. The pull factor? I would say it is to do with the extremely large set of option expiries...
Japan’s biggest life insurers plan to add to JGB holdings but guarded against policy shift
This relates to their respective company strategies for the fiscal year ending in March, with Nippon Life stating that they will focus purchases on 30-year JGBs as the current yield of above 1.8% is "good in terms of absolute level". But they do add that now is "not...
AUDUSD Technical Analysis – Another opportunity for the sellers
USThe Fed left interest rates unchanged as expected at the last meeting.The macroeconomic projections were revised higher, and the Dot Plot showed that the FOMC still expects another rate hike by the end of the year with less rate cuts projected in 2024.Fed Chair...
Brandenburg October CPI +4.6% vs +5.6% y/y prior
The German state readings are supposedly only due on Monday next week, so this is a surprise early release. The annual reading points to a further softening in price pressures but they are still largely elevated as a whole. The monthly reading also shows another 0.3%...
Major currencies little changed amid a more mixed market mood
The dollar is little changed at the moment and trading more mixed as traders are not having very much to work with as we get the session underway. The ranges for the day are still relatively narrow for most dollar pairs although there are plenty of moving parts to...
USDJPY Technical Analysis – This is a crucial moment for the pair
USThe Fed left interest rates unchanged as expected at the last meeting.The macroeconomic projections were revised higher, and the Dot Plot showed that the FOMC still expects another rate hike by the end of the year with less rate cuts projected in 2024.Fed Chair...
Market Update – October 27 – Investors poised for weekly profits;
Stock market sentiment improved, and Asian equities bounced, alongside gains in European and US futures. Earnings reports helped tech stocks to stabilise, ahead of more key US data. The 10-year Treasury yield is up 3.2 bp at 4.88%, after strong GDP numbers yesterday....