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 today shows: Dow industrial…
United States ISM Manufacturing PMI came in at 49.3, above forecasts (48.4) in December
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: 4.3222%, Change: 3.8 bps…
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Before we move deep into 2025, it’s time to a quicky look at lessons from 2024, and see how we can improve our perception and expectations when observing and trading the Greenback in 2025. But first, we’ll take a brief look at the market’s outlook on 2025, and see how we can integrate that with our lessons learned…
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 invest money that you…
The business activity in the US manufacturing sector contracted at a softer pace than expected in December. The US Dollar Index stays in negative territory near 109.00. The business activity in the US manufacturing sector continued to contract, albeit at a softening pace in December, with the ISM Manufacturing PMI rising to 49.3 from 48.4 in November. This reading came in…
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 invest money that you…
United States EIA Natural Gas Storage Change above expectations (-127B) in December 27: Actual (-116B)
The USDCHF is lower on the day and testing a swing area going back to April and June 2024 between 0.9086 and 0.90978. If the sellers are to keep pushing, getting and staying below the high of that swing area (up to 0.9100 level) is required. On the downside, the rising 100-hour moving average comes in at 0.9058. If…
