Closing changes: Stoxx 600 +0.3%German DAX +0.5%UK FTSE 100 flatFrench CAC +0.4%Italy MIB +0.4%Spain IBEX +0.5% The DAX is down so far this week but […]
Watch live: Powell and Goolsbee set to speakWatch live: Powell and Goolsbee set to speak
Federal Reserve Chairman Jerome Powell spoke on Friday so he’s unlikely to offer much new today but the market is so uncertain about June so […]
US 10 year yield moves to a new high for year but backs off. What next?US 10 year yield moves to a new high for year but backs off. What next?
The US 10-year yield has been pushing to the upside in April helped by the shift in perception that the Fed is on hold for […]
Fed’s Powell: If economy evolves as expected, most on FOMC see begining of cuts this yearFed’s Powell: If economy evolves as expected, most on FOMC see begining of cuts this year
Powell: Recent readings on job gains and inflation higher than expected but do not materially change overall pictureIf economy evolves as Fed expects, most FOMC […]
EIA weekly US crude oil inventories +3210K vs -1511KEIA weekly US crude oil inventories +3210K vs -1511K
Prior was +3165KGasoline -4256K vs -820K expectedDistillates -1268K vs -604K expectedProduction 13.1 mbpd vs 13.1 mbpd priorImplied mogas demand: vs 8.715Mbpd prior There has been […]
AUDUSD moves higher after softer ISM data, and towards a key cluster of moving averages.AUDUSD moves higher after softer ISM data, and towards a key cluster of moving averages.
The AUDUSD moved above a key target resistance level at 0.6523 after the weaker than expected nonmanufacturing ISM data. The move to the upside has […]
US dollar comes under further selling pressureUS dollar comes under further selling pressure
The market looked like it might be at the breaking point heading into ISM services, with evidence mounting of a resilient economy and firming inflation […]
iFX EXPO LATAM 2024 is Right Around the CorneriFX EXPO LATAM 2024 is Right Around the Corner
iFX EXPO LATAM 2024 will be here in less than one week and the hype has reached a fever pitch. The premium online trading expo […]
EURUSD rallies toward key moving average amid weak ISM dataEURUSD rallies toward key moving average amid weak ISM data
The weaker-than-expected ISM nonmanufacturing data – with prices paid full and sharply – sent the EURUSD sharply higher and above its 200 hour moving out […]
USDCHF hits new highs, bullish momentum strengthensUSDCHF hits new highs, bullish momentum strengthens
The USDCHF has pushed to a new 2024 high price today at 0.90943. In the process, the price is moving away from its 38.2% retracement […]