Blogs

<ul><li>Prior was -3</li><li>Composite index -1 vs -2 prior</li></ul><p>This is a low-tier indicator and it also tends to be choppy.</p> This article was written by Adam Button at www.forexlive.com.

<p>USD/JPY is just off the lows of the day, down 143 pips to 142.13.</p><p>It's been a volatile week for the pair as it surged following the Bank of Japan decision but has since completely retraced. The market continues to aggressively price in US rate cuts and still sees scope for the BOJ to embark on […]

<p>Decentralized finance is the topic on everyone's mind regarding the next big application of cryptocurrencies. Now, when cryptocurrencies are widely accepted and have a large user base, decentralized finance is on the rise, and new uses are found all the time.</p><p>There are many benefits of decentralized finance for the e

<p>The USDCHF has stretched lower again today. Since peaking at 0.8820 on December 8 – and near the broken 61.8% of the range since the July 2023 low at 0.88167 – the pair has been trending lower (see chart above). There have only been 2-days of gains (December 15 and December 20) compared to 7 […]

<p>The number that seems to have grabbed the market's attention today was in the Q3 GDP report as the reading on core PCE fell to 2.0% from 2.3% in a surprise drop.</p><p>The 2.0% number is a big one because it gets the Fed back on target and it comes ahead of tomorrow's PCE report. The […]

<p>Oil prices abruptly fell earlier after Angola announced it was leaving OPEC.</p><p> "The decision, duly considered, was taken at a session of the Council of Ministers, guided by the President of the Republic, João Lourenço," Angola's oil minister said.</p><p>The fear is that this is a crack in the OPE

<p>The major US indices are shrugging off the declines from yesterday. The gains are being led by the Nasdaq which is up 1.0% in early US trading. A snapshot of the market shows:</p><ul><li>Dow is up 266 points or 0.72% at 37345</li><li>S&amp;P is up 36.723 or 0.78% at 4734.80</li><li>Nasdaq is up

<p>The EURUSD has traded to a new session high in the US session and is working toward the 1.1000 level and the highs from November and December between 1.1008 and 1.1016. The area is no secret to traders. That dynamic gives traders looking to limit risk an opportunity to lean against the area. If the […]

<p>Yesterday's 1.4% drop in the S&amp;P 500 was the worst since October and seemingly came out-of-the-blue on a late-day rout. It left an ugly mark on the daily chart to signal a potential reversal or consolidation after six weeks of non-stop buying.</p><p>The rebound today has gotten stuck in the 50-61.8% retracement ran

<p>It's the time of year when it's increasingly difficult to pin down why market moves are taking place. The latest was a drop in the US dollar and surge in US equity futures following GDP, initial jobless claims and the Philly Fed. </p><p>The data itself doesn't paint that same picture. Initial jobless claims were