The NZDUSD this week moved higher on Thursday and moved up to test the 50% midpoint of the April trading range at 0.59668, before backing […]
European indices close higher for the day/week. UK FTSE 100 closes at a record level.European indices close higher for the day/week. UK FTSE 100 closes at a record level.
Major European indices closed today with gains led by the Spanish Ibex which rose 1.56% and the German DAX which rose 1.36%. The major European […]
Baker Hughes oil rigs down to 506 vs 511 last weekBaker Hughes oil rigs down to 506 vs 511 last week
The Baker Hughes rig count for the current week shows: Oil rigs: 506 vs 511 Natural gas rigs:105 vs 106.Total rigs: 613 vs 619 last […]
The USD is moving higher vs the major currencies. What has it done to the technicals?The USD is moving higher vs the major currencies. What has it done to the technicals?
The USD is moving to the upside, and in the process is shifting the technical bias more in the direction of the buyers. In this […]
USDJPY on pace to its largest percentage gain since October 2023USDJPY on pace to its largest percentage gain since October 2023
The USDJPY continues to run to the upside with the currency pair now up 1.32% on the day. That is the largest increase since the […]
Atlanta Fed GDPNow estimate for Q2 growth 3.9%Atlanta Fed GDPNow estimate for Q2 growth 3.9%
The initial reading for Q2 growth from the Atlanta Fed GDPNow model comes in at 3.9%. There is a long way to go before that […]
NASDAQ index continues to surge. Now up 300 points or 1.94%.NASDAQ index continues to surge. Now up 300 points or 1.94%.
The NASDAQ index is currently up 300 points or 1.92%. That’s the largest percentage gain since February 22. For the training week, the NASDAQ in […]
Citigroup now sees 100 basis points of cuts this year from JulyCitigroup now sees 100 basis points of cuts this year from July
Citigroup now sees 100 basis points of cuts this year from July. That is much more than the 45 or so basis points forecast by […]
USDJPY moves to another new high… Buyers in firm controlUSDJPY moves to another new high… Buyers in firm control
The USDJPY has continued its march the upside with a run to a new session high. Earlier today, the Bank of Japan Policy was unchanged. […]
US stocks in premarket trading are higher led by the NASDAQ indexUS stocks in premarket trading are higher led by the NASDAQ index
The major US stock indices are trading higher in premarket trading, but off the highest levels. Dow Industrial Average averages is virtually unchanged with a […]