In the above video, I take a technical look at the USDCAD after the 50 bp cut yesterday. That move took the price higher and outside a key swing area, but could not sustain momentum. However, the decline today is trying to hold support at an earlier base level this...
US stock futures rebound with Tesla shares leading the way. Whirlpool warns on weak macro
SPX dailyUS stocks are pointed to open higher with S&P 500 futures up 0.5%. A big tailwind is coming from shares of Tesla, which are up 14% pre-market after posting better Q3 numbers than expected.For the broader economy, the comments from UPS were positive as it...
ECB’s Kazaks: Soft landing story is still there but rebound is not clear
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,...
Kickstart the FX trading day for Oct. 24 w/a technical look at the EURUSD, USDJPY & GBPUSD
EUR/USD Technical AnalysisOn Monday, the pair stalled at the 1.0870 area (100-hour MA and 200-day MA convergence), initiating the current downtrend. This convergence increased the falling 100-hour MA's importance going forward.Yesterday, the EUR/USD extended its...
BOE’s Mann: Economic prospects in the UK remain ‘pretty modest’
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,...
Video: Markets braced for dual shocks, the US election and record debt levels. Gold shines
I spoke with Kitco News yesterday to discuss several major themes moving markets right now, from BRICS expansion to pre-election positioning and the broader macro backdrop for the US dollar.We talked about how the US faces mounting challenges with debt levels...
US weekly initial jobless claims 227K vs 242K 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,...
The key technical levels in play for the major currency pairs for October 24, 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,...
ForexLive European FX news wrap: Dollar gains cool alongside yields, for now
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.5%US 10-year yields down 5 bps to 4.192%Gold up 0.7% to $2,735.56WTI crude up 1.0% to $71.49Bitcoin up 0.7% to $67,071Bond yields are coming off the boil and that's the...
Which Companies Took Home This Year’s Finance Magnates Annual Awards?
The inaugural Finance Magnates Annual Awards (FMAA) Gala kicked off last night at Lemon Park Venue in Nicosia, Cyprus, drawing some of the biggest name companies and executives in the industry. The black tie event was powered by AWS and constituted the highest...
German wages continuing to grow despite economic headwinds – Bundesbank
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,...
UK October CBI trends total orders -27 vs -28 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,...
GBPUSD Technical Analysis – The greenback’s rally takes a breather
Fundamental OverviewThe USD has been on a hell of a run recently despite the lack of catalysts and no major repricing in interest rates expectations. The main culprit for the recent strength in the US Dollar has been the rally in long term Treasury yields. The yield...
개인사업자, 소상공인 대출 받은거 있다면 150만원 받으세요!
https://www.youtube.com/watch?v=HLnvx8f77J4 소상공인을 대신해 갚은 은행 빚이 지난해 2023년 1조 7,126억 원으로 2022년 대비 3배 이상 급증했다고 합니다. 이에 심각성을 느낀 금융위원회는 지난 2024년 3월 18일 ‘중소금융권 이자환급’ 사업을 시행한다고 했는데요. 환급 놓치지 말고 꼭 신청하시기 바랍니다. #속보 #대출이자환급 #소상공인 MoneyMaker FX EA Trading...
UK October flash services PMI 51.8 vs 52.4 expected
Services PMI 51.8 vs 52.4 expected and 52.4 prior.Manufacturing PMI 50.3 vs 51.4 expected and 51.5 prior.Composite PMI 51.7 vs 52.6 expected and 52.6 prior.Key Findings:Flash UK PMI Composite Output Index(1) at 51.7 (Sep: 52.6). 11-month low. Flash UK Services PMI...
Gold Technical Analysis – There are signs of caution for the bulls
Fundamental OverviewIn recent days, gold has been making new highs despite the lack of bullish catalysts and the rise in real yields. Nonetheless, we’ve been seeing some quick selloffs at the highs in a potential sign that real yields are starting to bite, and we...
Eurozone October flash services PMI 51.2 vs 51.5 expected
Prior 51.4Manufacturing PMI 45.9 vs 45.3 expectedPrior 45.0Composite PMI 49.7 vs 49.8 expectedPrior 49.6The manufacturing sector in the region continues to keep in contraction territory while services activity is continuing to slow further going into Q4. At the...
Euro gets on the PMI seesaw to start the session
EUR/USD 5-minute chartAt the balance, not too much has changed. EUR/USD was holding around 1.0787 before the data and is now around 1.0792 currently. The stronger than expected showing in Germany is helping to offset downbeat numbers from France. However, both key...
Germany October flash manufacturing PMI 42.6 vs 40.8 expected
Manufacturing PMI 42.6 vs 40.8 expected and 40.6 prior.Services PMI 51.4 vs 50.6 expected and 50.6 prior.Composite PMI 48.4 vs 47.6 expected and 47.5 prior.Key findings:HCOB Flash Germany Composite PMI Output Index(1) at 48.4 (Sep: 47.5). 2-month high. HCOB Flash...
Crude Oil Technical Analysis – We completely erased the geopolitical rally
Fundamental OverviewCrude oil basically erased the entire rally first triggered by the Iranian missile attack against Israel in the first days of October. We are now back to square one as the market awaits the key catalysts in the next few weeks.In the big picture,...