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 […]
Category Archives: Forex News
04
Jan
Jan
Major US indices are closing solidly higher and in doing so are snapping multi-day losing streaks. For the Dow Industrial average it snapped its 4-day losing streak. For the broader S&P and NASDAQ indices,. they both snapped 5-day losing streaks. For the trading week, the indices are closing lower. A snapshot of the closing levels […]
04
Jan
Jan
Market: S&P index up +1.26% NASDAQ index up +1.77% Crude oil up $0.86 and $73.98. Gold down $-19.08 or -0.72% at $2638.45 Bitcoin is up $1400 at $98,314 In the US debt market, yields are higher with the shorter end up the most: US 2Y T-NOTE: Yield: 4.2807%, Change: 3.3 bps US 3Y T-NOTE: Yield: […]
04
Jan
Jan
Fed’s Kugler is on CNBC and says: US economy ended 2024 in a good place The economy is resilient Process of disinflation has kept going. Labor market remains resilient The labor market has been cooling gradually. Real wages are still up even with labor market cooling. The key is that job market has cooled gradually. […]
Forex News
Johnson has returned to the House floor. Rep Self and Norman have switched vote to Johnson
04
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 […]
04
Jan
Jan
Things are not looking good for the Speaker of the House Johnson on the first vote. Three have voted for “Others”. Johnson could only afford 1 “other” vote assuming members vote along party lines. What next? There can be a 2nd vote taken or they can go back and try to solicit support from those […]
04
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 […]
04
Jan
Jan
Atlanta Fed GDPNow growth estimate for Q4 2024 2.4% versus 2.6% on January 2. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.4 percent on January 3, down from 2.6 percent on January 2. After this morning’s Manufacturing ISM Report […]
03
Jan
Jan
PMI manufacturing index register the price level since March 2024. Manufacturing PMI: December: 49.3, November: 48.4 (+0.9) – HIGHER New Orders: December: 52.5, November: 50.4 (+2.1) – HIGHER Production: December: 50.3, November: 46.8 (+3.5) – HIGHER Employment: December: 45.3, November: 48.1 (-2.8) – LOWER Supplier Deliveries: December: 50.1, November: 48.7 (+1.4) – HIGHER Inventories: December: […]
03
Jan
Jan
US manufacturing sentiment has been poor but plenty of comments in reports have highlighted the election as a potential catalyst. The November ISM manufacturing report saw some improvement but it’s still below 50 and expected to stay that way in the December data with the consensus at 48.4. Even if there is some improvement, there […]