It's a light one on the data agenda for the session in Asia with minor releases from Japan and New Zealand. Friday will be much for interesting as it'll bring the final Japanese inflation data for the year. More to come on this in tomorrow's calendar preview!This...
US stocks hit new highs and then reverse in a nasty move lower
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 – Thursday, 21 December, 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,...
USDCAD trades to a new intraday high. Looks toward 100 hour MA for more buying confidence.
The USDCAD is making a new session high and in the process is taking a peek above a swing area between 1.3348 and 1.3353. Getting and staying above the area, and then testing - and moving above - the falling 100-hour moving average at 1.37707 would be needed to...
They’re throwing in the towel on China as Taiwan fears grow
It's always darkest right before it goes completely back.It's been a rough year for the Chinese market and it's finishing on a bad note. Have a look at the FXI China ETF today. It's down 5% and at the lowest since November 2022.Stock markets everywhere have been...
Stocks reversing. Fast break the other way
The major US stock indices have hit the skids with the NASDAQ down 100 points now or -0.68%. The S&P index is also down by around the same amount.Nasdaq falls below 100 and 200 bar MAsLooking at the short-term five-minute chart of the Nasdaq index, the fall below...
US equities tilt lower as Fedex falls 11%. Outside day on the Nasdaq
The market didn't like what it heard from FedEx in yesterday's post-closing earnings report and shares of the company are down 11%. Fedex is a good proxy for broader economic activity and the fall in its shares might be giving the bulls second thoughts. In the Nasdaq,...
AUDUSD holds gains above midpoint, consolidation continues
AUDUSD holds onto gains above 50% midpointThe AUDUSD has consolidated the gains from yesterday which saw the pair move away from the 50% midpoint of the 2023 trading range. That midpoint level comes in at 0.67134. The high yesterday extended to 0.6774. The high price...
ECB’s Kazaks: Rates to remain at 4.00% for some time before likely cut
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,...
BOC minutes: Agreed the likelihood that mon pol was sufficiently restrictive had increased
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US sells 20-year bonds 4.213% vs 4.198% WI
Prior was 4.780%Bid to cover 2.55 vs 2.36 prior, recent average 2.68The 20-year has the fattest yields on the curve but it wasn't enough as we get a 1.5 bps tail. I get the sense the market sniffed this out in the past few hours as yields moved up in a concession.US...
The U.S. Treasury to auction $13 billion of 20 year bonds at the top of the hour
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,...
Philadelphia Pres. Harker: The job on controlling inflation is not done
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,...
USDCAD hits new lows; traders battle between key levels
USDCAD bounces in the swing area on the daily chartThe USDCAD fell to a new cycle low and moved into a swing area between 1.3298 to 1.3320. The low price has reached 1.33146. The price has bounced back as traders leaned in the swing area on the first test. The price...
US stock indices in the green as Dow continues winning streak
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The latest Canadian population numbers are insane
Justin Trudeau showing off his housing plan (AI image)Here are net migration numbers for the developed english-speaking countries from June 2022-June 2023:USA +1,138,989 (+3.4) Canada +1,131,181 (+28.6) UK +672,000 (+10.0) Australia +518,087 (+19.7) NZ +101,518...
USDJPY struggles to break key resistance levels in volatile trading
USDJPY falls below 200 day MA and the 38.2% retracementToday's trading session saw the USDJPY experiencing notable fluctuations. The currency pair recorded a low of 141.425 and a high of 142.46. Notably, the high price neared the 200-hour moving average, stopping just...
EIA weekly US oil inventories +2909K vs -2283K expected
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Eurozone December consumer confidence flash -15.1 versus -16.4 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,...
US existing home sales November 3.82M vs 3.77M estimate
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