China Vanke’s Hong Kong-listed shares fell over 8% on Friday following reports that its CEO, Zhu Jiusheng, has been detained by authorities. A Shenzhen government task force has taken control of the state-backed developer’s operations, with reports suggesting a possible government takeover and restructuring. Vanke is grappling with a deepening bond selloff, as concerns grow […]
Category Archives: Forex News
17
Jan
Jan
Monday January 20 is the Martin Luther King Day holiday in the US: The two major stock markets – the New York Stock Exchange and the Nasdaq – will be closed on Monday, November 11, 2024. Bond markets are closed. The Securities Industry and Financial Markets Association (SIFMA) recommends bond trading closed (SIFMA is the […]
17
Jan
Jan
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
17
Jan
Jan
TD say the U.S. dollar is expected to maintain a strong performance through the first half of the year, supported by a favorable macroeconomic backdrop. The bank’s quantitative and macroeconomic framework remains bullish on the dollar relative to G10 currencies, even as short-term positioning and valuations appear stretched. The analysts say that their outlook is […]
17
Jan
Jan
It is a down day for the major US indices. The declines were led by the NASDAQ index which felt -0.89%. The Russell 2000 was actually higher on the day. The snapshot of the major indices closing levels shows: Dow industrial average fell -68.42 points or -0.16% 43153.13 S&P index fell -12.57 points or -0.21% […]
17
Jan
Jan
THe USDCHF felll sharply after yesterday’s US CPI and in the process fell below its 200 hour moving average (green line on the chart below currently at 0.9119). However, the momentum could not be sustained, and a snapback rally ensued with the price moving back to and through the 200-hour moving average and up to […]
17
Jan
Jan
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
17
Jan
Jan
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
17
Jan
Jan
The USDCAD moved lower again yesterday but when the price tested a swing area between 1.42969 and 1.4304, sellers turned the buyers once again and the price bounced higher (see renumbered circles and low of red box on the chart below). In trading today, the price has continued its move to the upside and has […]
16
Jan
Jan
TradeCompass for Nasdaq Futures (NQ, March 2025 Contract) – January 16, 2025 Current Context: Current Price: 21,4492 (1 minute before the market opens). Activation Level: 21,640 This TradeCompass becomes active only if NQ reaches 21,640. Below this level, no directional bias is established. Defined Range: Bullish Threshold: 21,681 Above this level, the bias turns bullish. […]