The NASDAQ index moved to a low of 19143.64. That was down over 300 points on the day and in the process has moved within a swing area defined by recent swing lows of swing highs between 19119 and 19208 . A move below that area would open the door for further selling technically (see […]
Category Archives: Forex News
11
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 […]
11
Jan
Jan
Judge sentence Trump to unconditional discharge over hush money case Imposes no jail or fine but sentence places a judgment of guilt on Pres. Elects record. Justice Juan M. Merchan sentenced Donald J. Trump to an unconditional discharge, a rare and lenient outcome in New York state courts, solidifying his status as a felon before […]
11
Jan
Jan
Although yields have stabilized with the 10 year up 4.7 basis points, stocks continue to come under pressure with the NASDAQ index now down -400 points or -2.05%. The S&P index meanwhile is down -93 point or -1.57%. The small-cap Russell 2000 is also lower by -2.10%. With 10 year yields up from 3.60% to […]
11
Jan
Jan
US sanctions more than 180 tankers in Russia’s shadow fleet Sanctions Gazprom Neft and Surgutneftegas Senior Biden official says he expects sanctions to cost Russia upwards of billions of dollars per month Expects Russia to make every effort to circumvent sanctions but costs of doing so will pile up Sanctions also target dozens of traders, […]
11
Jan
Jan
AI image Bank of America no longer sees the Federal Reserve cutting rates at all in 2025. Separately, Citi has given up its call for a January rate cut (incredible they still had it) and now sees at May cut. Deutsche Bank has said the Fed is done for awhile. As for BofA, “we think […]
11
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 […]
11
Jan
Jan
The USDCAD fell initially after the US and Canadian jobs reports both of came out stronger than expected. However, after the focus returned to the effect on the US dollar, that helped to reverse the USDCAD pair back to the upside. The price is now extending to a new high and in doing so is […]
11
Jan
Jan
The USDCHF is up for the 4th day in row. For a review of what that mean technically, click on the video below for all the risks, targets and “whys”. This article was written by Greg Michalowski at www.forexlive.com. Source link
11
Jan
Jan
The weekly Baker Hughes Rig count declined in the current week. Oil rigs -2 to 480 Nat Gas -3 to 100 Total rigs -5 to 584 This article was written by Greg Michalowski at www.forexlive.com. Source link