Blogs

<p>European stock markets were flat today but the damage was done earlier in the week.</p><p>On the day:</p><ul><li>Stoxx 600 -0.1%</li><li>German DAX -0.1%</li><li>UK FTSE 100 +0.1%</li><li>French CAC -0.4%</li><li>Italy MIB -0.1%</li><li>Spain IBEX -0.

<p>The major US stock indices are all hired now. The S&amp;P index is now above it's all-time high closing level at 4796.57. It currently trades at 4803.44 with a high of 4807.22.</p><p>The NASDAQ index extended above it December 28 high of 15150.07 (highest level since January 14, 2022). The high price reached 15165.93.

<p>CIBC highlights a mixed picture in today's Canadian retail sales report but emphasizes that any strength won't extend into 2024.</p><p>November <a href="https://www.forexlive.com/news/canada-november-retail-sales-02-vs-00-expected-20240119/" target="_blank" rel="follow">Canadian ret

<p>Fox Business's Edward Lawrence is touting an interview with SF Fed President Mary Daly at 2:45 pm ET but some are talking about those comments being published earlier, so head's up.</p><p>Daly has a speech scheduled at 4:15 pm ET but it looks like she wants to get some comments out while the market is open.</p>

<p>The USDCHF has moved higher this week. The low for the week was on Monday. In the current 4-hour bar, the price is making new highs. So buyers have been in control.</p><p>On the way to the upside, the price moved above the 200 bar moving average on the 4-hour chart. That level comes in at […]

<p>Monday</p><p>Taiwan's Presidential election was held over the weekend. William Lai, of the pro-sovereignty Democratic Progressive Party (DPP) has been elected President. The party has governed Taiwan for the past eight years. This will be its third consecutive presidential term.</p><ul><li>Lai won 40% of

<ul><li>Prior month 3.820M (vs 3.77M estimate last month).</li><li>Annual sales pace of existing home sales 3.78M vs 3.82M last month</li><li>Existing home sales -1.0% vs +0.8% last month</li><li>median home price for existing home sales $382,600 up 4.4% from December 2022</li><li>inventor

<ul><li><a href="https://www.forexlive.com/news/us-december-umich-consumer-sentiment-694-vs-620-expected-20231208/" target="_blank" rel="follow">Prior </a>was 69.7</li><li>Current conditions 83.3 vs 73.3 prior</li><li>Expectations 75.9 vs 66.4 prior</li><li>On

<p>The US dollar is climbing across the board despite some dovish <a href="https://www.forexlive.com/centralbank/feds-goolsbee-if-we-make-good-progress-on-inflation-we-need-to-factor-that-into-rates-20240119/" target="_blank" rel="follow">comments from the Fed's Goolsbee</a>.</p><p>Th

<p>The major US stock indices are opening higher, but often the highs from the premarket trading.</p><p>Of note today is the S&amp;P index is once again looking to test its high closing level. That level comes in a 4796.57. The high price today has reached 4799.33, but has backed off. Last week the price moved above […]