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 economy faces a mild recession in first half of 2024 , Deutsche Bank projects Fed 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,...
Volkswagen is to slash thousands of jobs – cost cutting citing low productivity
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 27 Nov: US yields move lower and push the US dollar down
It was a quiet Monday in the North American session. At the start of the session,The range of the major currencies was narrowThe EURUSD was trading within a 32-pip trading range. That was well below the 72 pip average over the last 22 trading days (around one month of...
OPEC+ Meeting: Deepening oil cuts on the horizon says an unnamed source
Reuters had a few snippets on the upcoming Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, i.e. OPEC+ meeting this week (begins on November 30). Citing an unnamed OPEC +source the article says that OPEC+ is looking at deepening oil...
US stock indices close modestly lower
The major US indices are closing modestly lower to start the week. The major US indices are on a 4-week up streak. It is only one day, but traders are pausing today.A snapshot of the major indices is showing:Dow industrial average is down -56.68 points or -0.16% at...
Asian Economic Calendar: Key Events and Consensus Expectations for 28 November 2023
Reserve Bank of Australia Governor Bullock will be speaking as part of a panel on "Inflation, Financial Stability and Employment". Also on the panel are Bank of England Deputy Governor Ramsden and Bank of Spain´s governor / ECB monetary policy maker de Cos (he didn't...
Trade ideas thread – Tuesday, 28 November, 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,...
The USDJPY makes new session lows and in the process moves below a swing level. What next?
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,...
Crude oil futures settle at $74.86
The price of WTI crude oil futures are settling at $74.86 down $0.68 or -0.90%.The high price for the day reached $76.18 the low price reached $74.11. Prices have been lower for 4 consecutive days. The softer U.S. Dollar provided support to the oil market, balancing...
US Dollar Forecast: PCE, Powell to Set Market Tone, Setups on EUR/USD, USD/JPY
US DOLLAR OUTLOOK – EUR/USD & USD/JPYThe broader U.S. dollar was flat on Monday, but volatility could pick up in the coming trading sessions, with several high-impact events on the calendarThe focus will be on U.S. PCE data, ISM manufacturing results and Powell's...
EURUSD high today stalls at retracement level again
The EURUSD high for the day stalled at the 61.8% retracement of the 2023 trading range. The level came in at 1.0959. Last week the price did extend above that level but only by about 4 or 5 pips before rotating back to the downside. So for the 2nd time in less than...
US treasury auctions $55B of 5 year notes at a high yield of 4.420%
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 treasury to auction off $55 billion of 5-year notes 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,...
NZDUSD buyers had their shot today. They missed. What next for the pair?
Earlier today, the NZDUSD buyers took the price above its 200-day moving average and 50% midpoint of the move down from the July high to the October low. Both of those technical tools came in at the same 0.6092 level. The high price extended up toward the low of a...
Major European indices start new trading week 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,...
U.S. Treasury auctioned off $54 billion of 2-year notes at a high yield of 4.887%
The US treasury auctioned off $54 billion of two-year notes:High-yield 4.887%WI at the time of auction 4.876%Tail: 1.1 basis points versus 6-auction average of -0.4 basis points.Bid-to-Cover Ratio: 2.54X versus 6-auction average of 2.79x.Dealers: 18.76% versus...
Qatar says Gaza truce has been extended for 2-days
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,...
U.S. Treasury to auction off $54 billion of 2-year notes that the bottom 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,...
Saudi Arabia sees OPEC+ rate cuts, while some members resist
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,...