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…
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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…
USD/JPY downtrend continues, as downward momentum accelerates after volatility from US Nonfarm Payrolls data. Key support levels include 142.50, 142.00, and today’s low of 141.77, with further downside likely if these are breached. Resistance stands at 143.44, with higher targets at 144.49 (Tenkan-Sen) and 145.00 (Senkou Span A) if bulls regain control. The USD/JPY extended its losses late on…
Mon: Apple iPhone Event; Japanese GDP Revised (Q2),Chinese CPI (Aug), EZ Sentix Index (Sep), US Employment Trends (Aug) Tue: EIA STEO, OPEC MOMR; Australian Business Confidence (Aug), German Final CPI (Aug),UK Unemployment/Wages (Jul), Swedish GDP (Jul), Norwegian CPI (Aug), US NFIB (Aug), Chinese Trade Balance, M2 & New Yuan Loans (Aug) Wed: UK GDP Estimate (Jul), US CPI (Aug)…
Silver retreats from $29.11 after failing to clear key resistance at confluence of the 50 and 100-day moving averages. RSI signals strong bearish momentum, with next support at $27.18, followed by $27.00 and the 200-DMA at $26.62. A rebound above $29.15 could lift Silver toward the key psychological level of $30.00. The Silver price plunged late in the North…
gold monthly China’s central bank didn’t report any gold purchases in August, saying that reserves remain at 72.80 million troy ounces. Reported buying halted in May after many months of accumulation. Reports afterwards suggested the PBOC had grown price sensitive. in February the PBOC bought 390,000 ounces in March, 160,000 in April, 60,000 A few things: Buying tapered above…
Amazon stock gave back 3.65% on Friday. August US NFP data showed a hiring miss, while June and July figures were revised lower. Mainstream view still expects 25 bps cut on September 18, but JPMorgan calls for 50 bps. Analyst expects Magnificent Seven, especially AMZN, to sink on slowing EPS growth in Q3. Amazon (AMZN) was injured more…
Critical challenge is: Not letting things turn into something worse If you look at the Beige Book, you can’t look at it as exciting, if anything it was a fair bit downbeat It suggests there are warning signs on the economy You only want rates to be this high as long as you have to We will get a…
The Dow Jones fell another 400 points on Friday after NFP jobs data missed the mark. US job additions continue to underperform, and downside revisions remain a concern. Despite the miss in NFP employment, market bets for a 25 bps cut come out on top. The Dow Jones Industrial Average (DJIA) shed 400 points on Friday after US Nonfarm…
