forex for beginners
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JP Morgan Private Bank says it's time to lock in the long end
JP Morgan Private Bank is out with its outlook for 2024 and they mostly paint between the lines, seeing inflation coming down and equities headed...
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ICYMI: OPEC+ oil supply cuts can “absolutely” continue past Q12024 said Saudi oil minister
Adam had the news during the US session, and it's a biggie ICYMI: Saudi energy min: OPEC+ cuts can 'absolutely' go beyond Q1 A little more...
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Australia Consumer Confidence dip to 76.4: ANZ citing significant inflation changes needed
ANZ-Roy Morgan Australian Consumer Confidence weekly survey, comes in at 76.4 from 76.7 the week before. Comment from ANZ: A serious turnaround...
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Australian November Services PMI 46.0 (prior 47.9)
Judo Bank / S&P Global November Services PMI comes in at a dismal 46.0, which is its lowest reading (outside of periods of lockdown during...
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New Zealand data shows non-residential building activity down in September quarter.
Data from Stats NZ shows that the seasonally adjusted volume of building activity in New Zealand was $8.6 billion in the September 2023 quarter....
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Forexlive Americas FX news wrap: US factory orders slump but the dollar bounces
US October factory orders -3.6% vs -2.8% expected Ford vehicle sales fell 0.5% y/y in November Saudi energy min: OPEC+ cuts can...
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Economic calendar Asia 5 December 2023 - Japan (Tokyo) inflation, China PMI. RBA rate set
It's a busy session ahead. The first notable event is Tokyo area inflation for November: National-level CPI data for November will follow in...
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Trade ideas thread - Tuesday, 5 December, insightful charts, technical analysis, ideas
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and...
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US stock market starts the week on a downturn
The US stocks are off to a slow start with the major indices closing lower. A look at the closing levels shows: Dow Jones Industrial average...
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Canadian dollar gives some back as we countdown to the Bank of Canada decision
The Bank of Canada decision is coming up on Wednesday and it's entirely likely that Tiff Macklem leaves rates unchanged at 5.00%. The economy is...
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Gold price soars to record high before dramatic plunge; Buyers still in play
Gold sure had a wild trading day with the price initially spiking higher in racing to a new all-time high level of $2146.79. However, momentum...
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Oil can't get off the floor: Falls for the third day
Sentiment is great in most markets right now but oil is certainly an exception. WTI crude oil fell again today, dropping $1.03 to $73.04. The...
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Crude oil futures settle at $73.04, signaling a more bearish bias
Crude oil futures are settling at $73.04. That is down -$1.03 or -1.39%. The high price for the day reached $75. The low price extended to...
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GBPUSD revisits support levels, with bears gaining momentum.
The GBPUSD pair is currently facing downward pressure, as it approaches a recent low near the 1.2603 level. This downward move has resulted in the...
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When someone calls you, "the biggest threat we've ever had". you don't buy their bonds
The comments Saturday from US Commerce Secretary Gina Raimondo are perhaps the most-aggressive the US has ever sounded towards China and it comes...
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AUDUSD faces pressure at key technical level ahead of RBA rate decision
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...
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NZDUSD soars to new high, but is backing off. Traders watching 61.8% retracement.
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...
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Russell 2000 continues to show relative strength
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%,...
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USDJPY testing crucial moving averages: Will bulls prevail? Or bears hold the line?
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...
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USDCAD in neutral territory as price rebounds, traders await the next shove (up or down)
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...
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European equity close: Modest losses as the new week begins
Closing changes on Monday: STOXX 600 -0.1% German DAX, +0.1% France CAC -0.2% UK FTSE 100 -0.3% Spain's IBEX +0.4% Italy's FTSE MIB +0.1%...
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Saudi energy min: OPEC+ cuts can 'absolutely' go beyond Q1
Sees signs of demand improvement Oil has caught a bid on these headlines. There is a sense in the market lately that OPEC has reached the...
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Israeli defense min: Expect the war to continue at current intensity for at least 2 months
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...
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Tech Giants take a tumble as NASDAQ stocks plummet
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...
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Aggressive resersal appears on the gold chart
Gold has traded in a huge range today as it blew out to a record high early in Asia before totally reversing. Now the bulls are running for cover...