A Reuters poll is showing: RBNZ is to cut cash rate to 4.25% on November 27. The current rate is at 4.75%. 27 of 30 economists look for the 50 basis point cut. In 2025 the median forecast is for the central bank to cut rates by total of 100 basis pointsThe NZD/USD...
Crude oil settles at $70.10
The price of crude oil is settling up $1.35 or 1.96% and $70.10. The high price today reached $70.38 while the low price was at $68.86.Technically, the price bounced off the 100 hour MA on the dip yesterday. That gave the buyers the go-ahead to push the price higher....
Is today the day for Bitcoin 100K? Just $1500 away now
The price of bitcoin is stretching to a new high of $98,508 - less than $1500 from the "BITCOIN 100K" hats and t-shirts from coming out . The price moved above $90,000 for the first time back on November 12 (10 days ago). That sounds amazing, but it only took two days...
USDJPY bounces off 100 bar MA on the 4-hour chart. Can the buyers keep the momentum?
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,...
More from Goolsbee: Feels like we are heading to 2% 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,...
USDCHF moves above converged 100 and 200 hour MAs and rockets higher
Earlier today, I posted:USDCHF: The USDCHF held resistance at the 100-hour moving average yesterday (blue line on the chart below), and held support against its 200 hour moving average.Today in the early Asian hours, the price broke below the 200-hour moving average...
Matt Gaetz withdraws name for Attorney General nomination
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 Goolsbee: It may make sense to slow pace of interest rate cuts
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,...
EURUSD falls to a new 2024 low below 1.04956. The 2023 low at 1.0448 is the next target.
The EURUSD is breaking lower, and in the process has moved to a new 2024 low. The old low from last week at 1.04956 has been broken and now is close risk for short-term traders looking for more downside momentum. Stay below is more bearish.The low price has reached...
Age of AI: Nvidia’s Explosive Earnings
Nvidia, the world’s largest publicly traded company by market capitalisation, reported its Q3 earnings after the market close on Wednesday. The company posted impressive growth, surpassing expectations for both sales and earnings while also offering...
USDCAD breaks below a cluster of technical levels
The USDCAD is moving lower and in the process has broken below a cluster of technical levels including:Upward sloping trendline on the hourly char at 1.3958.100 bar moving average on the 4-hour chart at 1.39506The low of a swing area down to 1.3945.The downside...
NASDAQ index now down over 1% on the day. Russell 2000 maintains its gains
There is a shift out of the different major indices today. The Dow industrial average and the Russell 2000 are both trading higher. The rotor S&P and NASDAQ index are trading lower with the NASDAQ index now down over -1.0% leading the way to the downside.A...
US leading Index for October -0.4% vs -0.3% estimate
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 existing home sales for October 3.96M versus 3.93M
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,...
BOE Mann: BOE should hold rates longer to evaluate persistence
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 index moves lower and sellers are in control, but there is some key support holding
The NZDUSD fell sharply last week and in the process fell below a key support area between 0.5848 and 0.5859. That break failed and the price except back higher. In trading on Monday, the price fell back below that swing area for the second time, and for the second...
Tech rebounds as Nvidia surges, Google stumbles
Stock heatmap by FinViz.com Thu, 21 Nov 2024 14:46:08 GMT🌟 Technology Sector: Nvidia's Rise Steals the SpotlightThe semiconductor sector is experiencing a robust recovery, led by a significant surge in Nvidia (NVDA), which is up 3.36%. This upward trend highlights...
US stocks open higher to start the new trading day, but quicky sell off
The major US stock indices opened higher, but are now trading lower as the sellers entered from the bell. The NASDAQ index opened higher by about 90 points but has since found sellers and trades down on the day. HMMMMShares of Nvidia and Snowflake are trading higher...
ECBs Holzmann says warnings of undershooting 2% him himare not warranted
ECBs Holzmann is speaking and says: Warnings of undershooting 2% are not warrantedPolicy need to say restrictive amid price risks.In December, a cut is most likely outcome but is not certain.There have been recent comments suggesting fears that inflation might be...
US stock futures implying a higher opening after data
US initial jobless claims came in stronger than expectations, but continuing claims were higher. The Philadelphia Fed business index fell more than expected of -5.5 versus 8.0 estimate.Yields in the US have moved modestly lower with the two year now down -0.8 basis...