Blogs

<p>USDCAD is moving to a new low going back to early August. The fall takes the pair toward the swing area that was in play earlier this year. That area on the daily chart comes in between 1.3298 to 1.33203.</p><p>In April and May swing lows stalled in that area and bounced to a higher swing […]

<p>I talked about the opportunity I see in the Australian dollar along with some potential surprise for 2024 and some of the questions I'm struggling with.</p> This article was written by Adam Button at www.forexlive.com.

<ul><li>Strikes on Houthis in Yemen considered</li><li>No decision yet made</li></ul><p>I'm surprised the US hasn't droned some people already.</p> This article was written by Adam Button at www.forexlive.com.

<p>The Russell 2000 is the standout US equity performer today once again, up 1.8%, or 35 points. That leaves it just 12 points from the top of a series of highs over the past two years.</p><p>This is such an interesting crossroads. Technically, it's stalled out here four times and had major drawdowns each time. On […]

<p>The price of crude oil futures are settling at $73.44 up $0.97 or 1.34%. </p><p>The high price today reached $74.44, while the low price was at $72.14.</p><p>Looking at the daily chart, the low was near the low price from November bear $72.22. FInding support buyers near that level gives the buyers some short-term c

<p>RBNZ Orr:</p><ul><li>Inflation remains too high</li><li>The committee remains weary of ongoing inflationary surprises</li><li>Internalizing complex situation of subdued 3Q GDP, historic downgrades</li><li>Neutral interest rate is now at 2.55%</li></ul><p>Then NZDUSD ha

<ul><li>Continues to predict two rates cuts in 2024</li><li>Fed cannot wait to get to 2% to reduce rates or it will 'overshoot', that is the strategy behind rate cuts</li><li>Now is not the time to consider changing the inflation goal, but nothing should be etched in stone</li></ul><p>

<p>Atlanta Fed Pres. Bostic:</p><ul><li>Still a ways to go on inflation even though Fed has made "tremendous" progress</li><li>Pandemic policies left families and businesses in much stronger position able to absorb restrictive policy</li><li>Expect inflation to continue to come down slowly a

<p>Major European indices are closing higher on the day. The things are led by the German DAX and Spain's Ibex.</p><ul><li>German DAX, +0.56%</li><li>France CAC +0.08%</li><li>UK FTSE 100, +0.31%</li><li>Spain's Ibex +0.52%</li><li>Italy's FTSE MIB +0.41%</li&

<p>The GBPUSD is extending back toward its earlier highs at 1.2750 as European traders look to exit for the day. The GBPUSD moved higher in the European session. The UK CBI Trends Orders for December showed a significant improvement, with the orders figure reaching -23.0, a notable increase from the previous -35.0 and marking the […]