US dollar slides to session lows
The US dollar is under broad pressure as risk trades improve and we tick towards the weekend. Earlier, Treasury yields were low and that that should have weighed on the…
USD/JPY retraces to the 38.2% Fibonacci level and stalls
USD/JPY daily USD/JPY soared after stronger US retail sales but stalled right at a key level. It rose to 149.32, just two pips shy of the 38.2% retracement of the…
Gold fails at $2475 once again
Gold daily Gold is down 1% today after a third failure near $2475. It’s still higher on the week after it shot up on Monday but it couldn’t get through…
Will oil prices follow gas prices?
Besides the classic “as expected,” one of the analysts’ favorite phrases is “markets are talking.” This means that significant price changes could indicate that something major is coming. For example,…
Latest election poll: Harris 47.6% vs Trump 47.1%
A RCP US election poll sees: Harris 47.6% Trump 47.1% A virtual dead heat. Polls are nice, but it will be the swing states that will likely determine the next…
Weekly Market Outlook (12-16 August)
UPCOMING EVENTS: Tuesday: Australia Wage Price Index, UK Labour Market report, Eurozone ZEW, US NFIB Small Business Optimism Index, US PPI. Wednesday: RBNZ Policy Decision, UK CPI, US CPI. Thursday:…
Forexlive Americas FX news wrap 9 Aug: A dull Friday ends a volatile week
It seems like ages ago, but on Monday, it seemed like markets were on the precipice. The Japan’s Nikkei 225 index on Monday fell -12.4% and analysts were figuring out…
USDCAD has its share of ups and downs over the last few days. Seller bang against support.
The Canada jobs data had something for everyone today. The unemployment rate was steady vs. last month at 6.4%, but lower than the estimate of 6.5%. The employment data showed…
Bitcoin is on pace for its largest percentage gain since March (but at key resistance)
Bitcoin is testing 200 hour MA and 50% midpoint. Key area Bitcoin’s price surged over 8% today, marking its largest gain since March 2023. Currently trading at $59,819, up $4,666…
Former NY Fed President Dudley: An emergency cut is ‘very unlikely’ but cuts needed
Dudley Former NY Fed President Bill Dudley is continuing his dovish shift. Until two weeks ago, he was arguing for a higher-for-longer Fed but changed his mind late in July…
