<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.
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USDCAD tests a key support area in what has been an up and down trading day
<p>The USDCAD has had an up-and-down trading day. The initial move was to the upside. The price extended above the hide from Friday and also the 50% midpoint of the December trading range at 1.33971. However momentum quickly faded and the buyers turned to sellers help by the move lower in yields, higher stocks and […]
US November consumer credit +23.75B vs +9.0B expected
<ul><li>Prior was +5.78B</li></ul><p>Higher rates have been on hurdle to expanding credit.</p> This article was written by Adam Button at www.forexlive.com.
Crude oil futures settle at $70.77
<p>Crude oil futures are settling at $70.77. That is down $-3.04 or -4.12%. The low price for the day reached $70.13. The high price was at $73.95.</p><p>Saudi Arabia announced that they would cut crude oil prices particularly for Arab Light Crude to Asian customers by $2 per barrel. The move is viewed as a reaction […]
Half of the year-opening swoon in US stock markets has been erased
<p>The S&P 500 is at the highs of the day, up 45 points to 4742.</p><p>The 1% gain comes after a flat start and on the heels of a dip in Treasury yields. From there, it's been pure FOMO as the market has had very little to digest.</p><p>One data point may have helped to move the […]
Fed's Bostic repeats that he sees an initial rate cut in Q3
<ul><li>Plans to work with team over the next six months to get a better view of how balance sheet policy should evolve</li><li>Businesses say that hiring practices are normalizing as is the ability to pass along price increases</li><li>Labor market risks are much more balanced; many sectors not showing growth<
Bitcoin hits $47,000 as ETF fever builds
<p>I ran a poll earlier today and the results so far have shocked me.</p><p>I would put the odds at 99% and would have thought that a community of market watchers would have put it at least at 85%.</p><p>Perhaps as the news continues to hit and bitcoin grabs more headlines, there will be a rush of […]
Fed's Bostic: Rise in unemployment has been 'far less' than would be typical
<ul><li>Rise in unemployment would be far less than would be typical in the case given the reduction in inflation</li><li>Fed is in a very strong position right now</li><li>Fed can let restrictive policy continue to work to slow down inflation; expect the process will remain 'orderly'</li><li&g
GBPUSD moves up to toward recent highs and finds willing sellers
<p>The GBPUSD has moved up to a high of 1.2766. That got the price of the pair within four pips of the high from Friday's trade and the high going back to December 29. Both of those peaks came in near 1.2770/71. It will take a move above each to give the buyers another target […]
EURUSD continues bullish surge, eyeing retracement target after breaking key resistance
<p>The EURUSD has had a string of 5-up bars on the hourly chart in the late London morning session/early US session. The run to the upside has seen the price extend away from the falling 100-hour MA at 1.0939 and into and above a swing area between 1.0965 and 1.0975. </p><p>The next key target comes […]