Blogs

<p>The comments Saturday from US Commerce Secretary Gina Raimondo are perhaps the most-aggressive the US has ever sounded towards China and it comes after the Biden-Xi summit was a dud that ended with the President calling Xi a dictator.</p><p>Now Raimondo is threatening to crack down even harder on computer chips sold to China as

<p>The AUDUSD pair is currently facing significant pressure as it tests a key technical level: the 200-hour moving average, located at 0.66048. This level is crucial, as it coincides with an upward-sloping trendline. A break below this moving average could shift focus towards the 200-day moving average at 0.65791. On the flip side, if the [&h

<p>The NZDUSD traded to a new high in early Asian trading. The high price extended up to a swing area between 0.62186 and 0.62235. The high price extended to 0.62215 and started rotation back to the downside.</p><p>In the current 4-hour bar, the price has dipped back below the 61.8% retracement of the move down from […]

<p>The Russell 2000 appeared to break out Friday and that has continued today, despite a darker tone for broader markets. The Nasdaq is down 1.2%, and the S&amp;P 500 down 0.6% but the Russell 2000 is up 0.6%. That comes after a more-than 2% gain on Friday to the best levels since September.</p><p>There are two […]

<p>The USDJPY is trading to a new session high and in the process is retesting its 100-day moving average at 147.242. Just above that is the falling 100-hour moving average at 147.380. </p><p>Getting above both those moving averages would be needed to increase the bullish bias in the short term at least for the USDJPY. […]

<p>The USDCAD fell lower last Friday and in the process broke below its 100-day moving average at 1.3565 (blue line in the chart below), it's a 200-day moving average (green line in the chart below) at 1.3516 and 50% midpoint at 1.3495 respectively. Today, there was an extension to a new low going back to […]

<p>Closing changes on Monday:</p><ul><li>STOXX 600 -0.1%</li><li>German DAX, +0.1%</li><li>France CAC -0.2%</li><li>UK FTSE 100 -0.3%</li><li>Spain's IBEX +0.4%</li><li>Italy's FTSE MIB +0.1%</li></ul><p>There has been plenty of red in gl

<ul><li>Sees signs of demand improvement</li></ul><p>Oil has caught a bid on these headlines. There is a sense in the market lately that OPEC has reached the limits of what it can accomplish and that there's the threat of a war for market share in 2024 if US production continues to grow.</p><p>“I hones

<p>The Wall Street Journal on the weekend reported that the US has sent 100 bunker buster bombs to Israel. The report also said a surge of US arms to Israel since the start of the war has included 15,000 bombs and 57,000 155mm artillery shells.</p><p>It's tough to envision how this one plays out, like all […]

<p>The US stocks continue to retreat with the NASDAQ index leading the way. The NASDAQ index is leading the way this year with a oversize gain of 34.52%. That comes after a -33.1% decline last year.</p><p>The NASDAQ index is currently down -243 points or -1.68% at 14065.</p><p>Technically there are some negative techni