The Nasdaq indices run to the upside is continuing with the price currently up 279 points or 1.45% at 19558.42. The high price reached 19560.11. Looking at the hourly chart above, the price is also approaching its 200-hour moving average at 19571.58. The price fell below that moving average on December 30 and reached a low on January 2…
The Pound Sterling seems vulnerable near 1.2400 against the US Dollar as the Fed has signaled fewer interest rate cuts this year. Lower US Initial Jobless Claims have signaled an improvement in labor market conditions. The BoE is expected to cut interest rates by 60 bps this year. The Pound Sterling (GBP) trades near a more-than-eight-month low around 1.2400…
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…
Federal Reserve (Fed) Bank of Richmond President Tom Barkin delivered prepared remarks to the Maryland Bankers Association in Maryland on Friday, outlining the Fed’s case for when to cut rates again, and the conditions required to do so. Fed’s Barkin also downplayed direct and immediate impacts of incoming President Donald Trump’s planned sweeping tariff plan. Key highlights Too much…
US economy ended 2024 in a good place Our job on inflation is not done Inflation has been coming down Says she suspects pressures from housing inflation and non-market services inflation are a bump Want to avoid any rapid increase in unemployment They’re in ‘wait-and-see’ mode and will wait for inflation to move or jobs too deteriorate. This article…
GBP/USD climbed back above the 1.2400 handle on Friday. Markets pivoted into a cautiously risk-on stance to end the week. UK data broadly missed the mark on Friday, US PMI figures beat the street. GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025 back above the 1.2400…
The latest poll in Canadian from Angus Reid has the governing Liberals at 16%, in a result that could leave them with as few as 5 seats in parliament. There have been a series of reports on various regional caucus revolts in the past few days and seems as though Prime Minister Justin Trudeau has is on his last…
United States Baker Hughes US Oil Rig Count: 482 vs previous 483
The price of bitcoin is trading to a new session high of $98,374. The current price is trading at $98,010. The run to the upside has taken the price closer to a swing area near $99,800. Just above that is a natural resistance at $100,000. A move above that area would give the buyers more control (and give the…
Gold bids cooled back below $2,650, crimping the week’s gains at the tail end. Market risk appetite recovered on Friday after US ISM data improved. Fedspeak further cooled investors concerns, Fed’s Barkin soothes market concerns. XAU/USD dipped on Friday, with Gold prices falling roughly two-thirds of a percent and dipping back below $2,650 per ounce as market sentiment recovers…
