Author: FX
Our short orders on AUD/JPY were missed before sellers took control and take the pair much lower on souring broad market sentiment. Time for a quick review to see what we could learn! Source link
The major US stock indices are closing sharply lower on the day. The declines were led by the Russell 2000 which fell -2.22%.A snapshot of the closing levels shows:Dow industrial average -696.75 points or -1.63% at 41938.45S&P index -91.21 point to rise 1.54% at 5827.04NASDAQ index -317.25 points or -1.63% at 19161.63Russell 2000 – 41.73 points or -2.22% at 2189.23.For the trading week, the major indices are closing lower. The first trading week of the year was also lower. Dow industrial average -1.86%S&P index -1.94%NASDAQ index -2.34%Russell 2000 -3.49% This article was written by Greg Michalowski at www.forexlive.com. Source link
December’s NFP report showed better results than expected. The Federal Reserve’s easing timeline faces fresh scrutiny after Unemployment Rate falls. Higher Treasury yields and lingering inflationary pressures reinforce the Greenback’s appeal across most major currency pairs. The Dollar Index (DXY), which measures the value of the USD against a basket of currencies, rallies on renewed inflation concerns as the stronger than expected Nonfarm Payrolls (NFP) report pushes out the Federal Reserve’s (Fed) rate cut timeline, fueling US Dollar demand and driving the DXY closer to 110.00. Daily digest market movers: US Dollar sees gains on a solid NFP report December…
Silver climbs 0.80% to $30.35, outstripping concerns over U.S. inflation, Fed scrutiny. Technical hurdle at 50-day SMA of $30.42; breach could push silver to $30.80. Downside risks if silver drops below $30.00, key support at 200-day SMA, lows near $28.78. Silver Price rises for the seven straight day putting aside the jump in US Treasury bond yields and the US Dollar, after a strong US jobs report calmed Federal Reserve officials about the employment situation in the US. Nevertheless, the evolution on inflation seems to be stalled, gathering some attention of Fed oficials. The XAG/USD trades at $30.35 up over…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Crude oil is settling at $76.57 per barrel, up $2.65 or 3.56%. The price reached a 3- month high today. New U.S. sanctions targeting Russia’s oil exports helped to contribute to the rise. The Biden administration imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, their subsidiaries, over 180 vessels, oil traders, oilfield service providers, and energy officials to curb Russia’s revenue used to fund the war in Ukraine. Treasury Secretary Janet Yellen emphasized the move as a significant escalation in sanctions on Russia’s oil trade. The sanctions, coupled with OPEC+ production cuts, high winter demand, and supply disruptions,…
Pound Sterling plummets on surprisingly upbeat US job demand The Pound Sterling (GBP) plunges to near 1.2200 against the US Dollar (USD) in Friday’s New York session, the lowest level in 14 months. The GBP/USD pair faces intense selling pressure as the US Dollar rallies after the release of the United States (US) Nonfarm Payrolls (NFP) data, which showed that labor demand surprisingly remained robust in December. Read More… GBP/USD remains subdued near 1.2300, 14-month lows, US NFP eyed GBP/USD remains subdued for the fourth successive day, trading around 1.2300 during the Asian session on Friday. The GBP/USD pair dropped to 1.2238 on Thursday, marking its lowest level since…
The 2020s have been a whirlwind decade for Wall Street’s brightest tech stocks, and 2025 could see even more growth as it appears certain that one of the Magnificent Seven will surpass a $4 trillion valuation for the first time. But could one stock reach a $5 trillion market capitalization this year? Nvidia’s (NASDAQ: NVDA) market performance since 2020 has been astounding. Having rallied more than 2,100% since the beginning of the decade, the semiconductor giant has muscled its way into Wall Street’s elite stocks and is showing no signs of slowing down. Buoyed by an AI boom that’s carried…
GBPUSD weeklyI’ve been writing since the turn of the year that it will be a ‘catch-down’ trade for the pound in 2025 after it mostly kept pace with the US dollar in 2024. It’s been a rough start to the year for GBP as it’s lagged substantially already, including another 100 pip decline today to 1.2211.Now Deutsche Bank is out with a note saying that it’s time to sell the pound.Unlike a similar drop in November 2024 after the UK budget, Deutsche Bank believes this decline is not a buying opportunity. They recommend selling the pound against a basket of…
The weekly Baker Hughes Rig count declined in the current week. Oil rigs -2 to 480Nat Gas -3 to 100Total rigs -5 to 584 This article was written by Greg Michalowski at www.forexlive.com. Source link