Prior was 48.4 Details: Prices paid 55.8 vs 52.5 priorEmployment 47.4 vs 45.1 priorNew orders 51.4 vs 49.2 priorInventories 48.2 vs 45.3 priorProduction 54.6 vs […]
US February construction spending -0.3% versus 0.7% expectedUS February construction spending -0.3% versus 0.7% expected
Prior month -0.2%Construction spending for February -0.3% versus 0.7% expected. Biggest drop since October 2022total construction spending came in at $2091.5 billion versus $2096.9 billion […]
Head on a swivel todayHead on a swivel today
For most people, April Fool’s is a light-hearted and fun day but if you’re a news trader, it’s a minefield. In the AI era, it’s […]
The USD is the strongest and the NZD is the weakest as the NA session beginsThe USD is the strongest and the NZD is the weakest as the NA session begins
Happy Easter Monday. It is a holiday in Europe in observance of Easter Monday. So the price action is very limited. The US markets will […]
EUR/USD Forecast: Dollar Loses Ground as US Core PCE FallsEUR/USD Forecast: Dollar Loses Ground as US Core PCE Falls
The core PCE price index showed inflation rising by a smaller 0.3%. Markets raised the chances of a Fed rate cut in June from 57% […]
USD/JPY Outlook: Yen Edges Up as Japan’s Warnings EchoUSD/JPY Outlook: Yen Edges Up as Japan’s Warnings Echo
Japanese authorities got concerned when the yen hit a 34-year low on Wednesday. Suzuki repeated his warning that they would respond to any excessive currency […]
The key events on the economic calendar in trading this weekThe key events on the economic calendar in trading this week
It’s a new week, new month, and new quarter to kick things off today. But the Easter holiday is overshadowing markets and keeping things rather […]
What technical levels are in play to start the trading week starting April 1?What technical levels are in play to start the trading week starting April 1?
The video above outlines the technical levels in play that will help drive your FX trading vs the USD in the new trading week. What […]
GameStop’s Q4 Results. Traders React to Weak EarningsGameStop’s Q4 Results. Traders React to Weak Earnings
GameStop Corp. is facing a whirlwind of challenges. The beloved stock among retail traders took a hit early Wednesday morning, now down over 20% for […]
Nasdaq Composite Technical AnalysisNasdaq Composite Technical Analysis
Last week, the Nasdaq Composite finished on a positive note as the lack of bearish catalysts kept the market supported. Today, the futures market opened […]