WIn the most fundamental sense, forex trading is about the differences in the real value of currencies. Money represents the value of a given economy. And the prices of things within a country usually determine the long term price of currencies. Currency pairs fluctuate around those differences. But what does a McDonald’s hamburger have to
Wall Street is scrambling to figure out what the conclusions of special counsel Robert Mueller‘s long-awaited investigation measn for the stock market. While many investment and equity strategists told CNBC that Attorney General William Barr’s letter about Mueller’s report relieves a persistent concern, few had expected a disastrous outcome for President Donald Trump. “No one
Comments by Ifo economist, Klaus Wohlrabe, after the earlier report Figures support German GDP growth forecast of 0.6% for 2019 Brexit is a burden on Germany’s industrial sector ForexLive Some general commentary after the release of the Ifo business climate survey earlier. The key takeaway here is that Ifo is still viewing that the German
The economic calendar for the week ahead will see Brexit taking the center stage as the March 29th deadline looms. With negotiations still on and the current narrative turning to the extension of the Brexit deadline, the EU has put the ball back into the UK’s court. PM May is expected to hold another parliamentary
NEWS | 10 minutes ago By Pablo Piovano The pair dropped to the 1.1270 area on Friday, where it seems to have found some decent support for the time being. Last week, EUR/USD failed around the key 5-month resistance line and further decline remains a chance while below this relevant area, today at 1.1407. On
100 and 200 hour MA and 50% retracement The GBPUSD has moved up to some formidable topside resistance defined by the 100 hour and 200 hour moving averages at the 1.3204-104 area. I would expect sellers to lean gives that area with stops on a momentum move above. The 50% of the move down from
The Eli Lilly and Co corporate headquarters in Indianapolis. ASSOCIATED PRESS Those who knew that Robert Mueller would file his report on Friday must have thought it contained information that would be bad for the market. Since few people know what’s in the report, those who sold on Friday could be wrong. Wayne Himelsein, one
Chicago Fed president, Charles Evans, will be delivering another speech Earlier, he participated in a panel discussion and commented as per the above. Now, he’ll be delivering a speech at the investment conference and there will also be a Q&A session thereafter. Just a bit of a heads up in case he comments on anything
Stocks under pressure There was a definite air of risk off during trading in Asia this morning as shares and US futures extended declines. The Japan225 index was the worst performer with losses of more than 1% while US futures were down about 0.3%. Beta-risk currencies were under pressure and the yen was bought as
USD/INR closed above 69.04 on Friday, validating the bullish outside-day created last Tuesday. The pair also closed above the descending 10-day moving average (10-day MA) aborting the immediate bearish view Further, it has created a bullish hammer candle on the weekly, which is widely considered an advance warning of a potential trend reversal. As a
Daily Markets Broadcast 2019-03-25 Wall Street drops on slowdown fears Weak sets of data out of Europe and the US stoked fears of a faster, deeper economic slowdown and pressured Wall Street on Friday. EU granted a Brexit extension to the UK as long as they approve PM May’s deal this week. US30USD Daily Chart
One of Wall Street’s biggest bulls suggests the latest market pullback is no fluke. Federated Investors’ Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it’s no reason for investors to hunker down. “You’re up about 20 percent from Christmas Eve’s bottom.
Its not the only yen cross being taken lower, but AUD/JPY looking a little more susceptible than many others USD/JPY is back under 110 after spending some time above there in early Tokyo. Under 109.80 as I update AUD/USD is under 0.7070 for a fresh session low. ‘Risk’ is not trading well today (well, not
AUD/USD has started out the week on the backfoot, extending the latter part of last week’s losses from 0.7168. AUD/USD is currently trading at 0.7077, a touch off the opening low of 0.7075 from 0.7084 highs. AUD was offered against the dollar on Friday as the market rekindled global growth concerns which sent stocks and
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 of your initial investment; do
US Federal Reserve Board Chairman Jerome Powell (Photo credit should read JIM WATSON/AFP/Getty Images) Getty It was another wild FOMC-inspired week in the stock market. Things started off slow, as by Wednesday’s close, the S&P 500 was pretty much unchanged. The comments from Fed Chair Powell about no rate hikes this year did cause some
The Reserve Bank of New Zealand meeting is this week, announcement due at 0100GMT on Wednesday. Despite the all caps in the headline a ‘no change’ in policy is the expected, RBNZ to remain on hold. A really brief preview would be something like: On hold OCR at 1.75% Neutral outlook (could hike, could
Nick Colas asserts the rush of tech IPOs does not point to a market bubble, and he has data to help prove it. The DataTrek Research co-founder lists historical trends one of two reasons why a free fall is unlikely. “We haven’t had a lot of tech IPOs. There were just 52 last year. In
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