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<p>Over the past seven to eight trading days, the NZDUSD has been predominantly fluctuating within a defined "value area," ranging between 0.6112 and 0.6191. While there have been notable upward extensions on November 29, December 1, and December 4, and a recent downward extension, the bulk of trading activity has remained within th

<p>Today might end with the biggest Canada-Japan trade of all time.</p><p>Well maybe not in financial markets but certainly in the world of sports. The rumor mill is insane right now around baseball megastar Shohei Ohtani and the possibility that he signs with the Toronto Blue Jays.</p><p>The two-time MVP is arguably t

<p>The University of Michigan consumer sentiment showed a sharp increase to 69.4 from 61.3 last month. The estimate was for 62.0. However, what the forex market is reacting to is the lower inflation expectations. The one-year inflation measure decreased to 3.1% from 4.5% last month. The five-year inflation measure moved to 2.8% from 3.2%.<

<ul><li><a href="https://www.forexlive.com/news/october-final-umich-us-consumer-sentiment-638-vs-630-expected-20231027/" target="_blank" rel="follow">Prior </a>was 61.3</li><li>Prior was 74.0 vs 68.5 expected</li><li>Current conditions 74.0 vs 68.5 expected</li><

<p>I maintain that the UMich monthly US consumer sentiment survey is nothing but a barometer of gasoline prices and partisan political anger. The latter is tough to gauge but gasoline prices are in a good place and that should offer a boost to sentiment. The consensus is for a 62.0 reading from 61.3.</p><p>A stronger reading [&hel

<p>The major US stock indices are opening lower with the five-week winning streak in jeopardy.</p><ul><li>Dow Industrial Average is trading down 11 points or -0.03% at 36108.25</li><li>S&amp;P index trading down 5.73 points or -0.13% 4579.23</li><li>Nasdaq index down -50 points or -0.34% at 14292&

<p>After the non-farm payrolls whipsaw, the US dollar has resumed running higher again. It's near the best levels of the day on a few fronts, including cable and AUD/USD.</p><p>That doesn't bode well for stocks but right now futures aren't signaling any real pain. S&amp;P 500 futures are down just 0.2% with Nasd

<p>The GBPUSD moved lower after the stronger-than-expected US jobs report, but after reaching a down side trendline on the hourly chart, buyers entered and pushed the price back to the upside. The pair remains below a swing area between 1.2558 1.2568. He would have to stay below that level to keep the sellers in play.</p><p>Trader

<p>Monday</p><p>BoJ Noguchi reiterated the central bank’s focus on wage growth to reach their 2% target sustainably with no policy change in sight:</p><ul><li>It's true the impact of elevated global inflation is reaching Japan's economy with consumer inflation exceeding the BoJ's 2% target since th

<p>It's tough to square the numbers in the non-farm payrolls report with the market reaction.</p><p>The jobs report was good, particularly the household survey as the unemployment rate fell back to 3.7% despite rising labor force participation.</p><p>The initial market reaction was exactly what you would expect wi