Mon: Bank of Israel Announcement; German Ifo (Nov), US National Activity Index (Oct), Dallas Fed Manufacturing Index (Nov) Tue: PBoC MLF; US Consumer Confidence (Nov), Richmond Fed (Nov), US Retail Sales (Oct) Wed: RBNZ Announcement, UK Autumn Budget; Australian CPI (Oct), US Dallas Fed (Oct) Thu: US Thanksgiving, ECB Minutes (Oct), BoK Announcement; Chinese Industrial Profit (Oct), German GfK…
United States Michigan Consumer Sentiment Index came in at 51, above expectations (50.5) in November
USD/JPY made a quick move lower, running stops below 156.60 down to 156.20 where it’s bounced. With the intervention talk in USD/JPY, that’s always a threat but I think this is more a case of stops being set on fears of intervention and triggering some quick selling. Moreover, the volatility in stocks markets is a drag on this pair….
United States Wholesale Inventories came in at 0%, above forecasts (-0.2%) in August
The USDJPY has experienced weakness in the last hour, extending its decline to the 100-hour moving average at 156.28, with a low print of 156.22 just beneath it. The 100-hour MA is the initial key target for sellers seeking to continue the correction. Further downside focus would shift to the 38.2% retracement of the November range at 155.939. A…
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…
Bitcoin is retesting April levels, falling toward $80,000 amid $2 billion crypto liquidations. Ethereum downtrend accelerates toward $2,500 as institutional investors exit. XRP extends its decline below $2.00, weighed down by decreasing retail demand.
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/CHF trades around 0.8070 on Friday, up 0.10% on the day at the time of writing, as the US Dollar (USD) finds moderate support from mixed but generally resilient US data releases. While the pair advances, markets continue to price a higher likelihood of policy easing from the Federal Reserve (Fed) in the coming months. The S&P Global Composite…
Pres. Trump is saying: Ukraine is losing land Russian Pres. Putin does not want to get more land Thursday is an appropriate deadline for Ukraine plan Meanwhile: Ukraine, France, Germany, and UK are reportedly working on a counterproposal to US peace plan. The proposed 28-point peace plan aimed at ending the war in Ukraine was drafted by U.S. special…
