Even the world’s least-technical traders need to know this chart right now and the importance of the 4050 level today. In August, the S&P 500 rallied to almost-precisely the 200-day moving average, which was then at 4326 before crumbling. The high that day was 4326.18 with the DMA at 4326.16. Now we’re having the first
The market was focused on the Fed Powell today. Would he soften up his post FOMC comments and provide the market a reason to start a lower dollar —> higher stocks–> lower yields–>even lower dollar–>even higher stocks –> and even lower yields cycle? That is the cycle for the “risk on” traders and the answer
Oil prices rose by over $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. But the likelihood that OPEC+ will leave output unchanged at its upcoming meeting limited the gains. Brent crude futures rose $2.22, or 2.67% to $85.25 per barrel by 1340 GMT. The more
Overall markets remain steady in consolidative trading today. There is little reaction to lower than expected Eurozone CPI and US ADP job data. Fed Chair Jerome Powell’s speech might trigger some volatility, or traders will have to wait for non-farm payrolls on Friday. For now, Dollar is the strongest for the week, followed by Yen
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is slated to speak Wednesday at the Brookings Institution. His comments will come as investors look for clues on future monetary policy moves by the
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Marlena Sloss | Bloomberg | Getty Images Salesforce reported earnings and revenue on Wednesday that beat analyst expectations. It also announced that co-CEO Bret Taylor is stepping down. CEO and Salesforce co-founder Marc Benioff will the be sole person in charge of the company. Salesforce
What you need to take care of on Friday, December 1: The market sentiment fluctuated between optimism and fear, with the US Dollar starting the day on the back foot, recovering mid-way, and finally plummeting to close it in the red against its major rivals. The latest US Dollar slump resulted from US Federal Reserve
Yesterday, the dollar index (DXY) moved to a low of 105.321. The 200 day moving average was at 105.374. The brief dipped below that moving average level was quickly bought. Also near the level is the 38.2% retracement of the move up from the May 25, 2021 low. That level comes in at 105.135. Finally
Risk tones are faring better while Treasury yields are a little lower and that is pinning the dollar down as we get stuck into European morning trade today. It’s going to be tough to look into the moves right now as we have seen them reverse in US trading for two days in a row
Gold prices ticked up on Wednesday before trading flat, aided by a dip in the US dollar. Investors will now focus on Federal Reserve Chair Jerome Powell’s speech for insights into the US central bank’s monetary policy path. Powell’s speech at a Brookings Institution event, scheduled for 18.30 GMT, will be evaluated for any new
Overall, the forex markets are very cautious for now, awaiting the key events of the week, including Eurozone CPI flash today and US non-farm payrolls on Friday. There is no breakthrough in the unrest in China, with reports of escalation in protests in manufacturing center of Guangzhou. Yen and Dollar are now the stronger ones
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Global markets have taken heart in recent weeks from data indicating that inflation may have peaked, but economists warn against the return of the “transitory” inflation narrative. Stocks bounced when October’s U.S.
In this article CRWD Follow your favorite stocksCREATE FREE ACCOUNT George Kurtz, co-founder and CEO of CrowdStrike, speaks at the Wall Street Journal D.Live global technology conference in Laguna Beach, California, on Oct. 17, 2017. Patrick T. Fallon | Bloomberg | Getty Images CrowdStrike shares plunged 18% in extended trading on Tuesday after the cybersecurity
AUD/USD gains positive traction for the second straight day amid renewed USD selling. Bets for less aggressive Fed rate hikes and slugging US bond yields weigh on the buck. China’s COVID-19 jitters could act as a headwind for the pair ahead of Powell’s speech. The AUD/USD pair attracts some buying for the second successive day
In today’s episode, you’ll discover a simple trading strategy that works. So go watch it right now… ? Subscribe To Rayner’S Youtube Channel Now ? https://www.youtube.com/subscription_center?add_user=tradingwithrayner *** Free Trading Strategy Guides *** #1: The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/ #2: The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/ *** Premium Training *** Pro Traders
? FREE Training “Get Funded & 50x Your Trading Capital!”: https://d2t.link/PropFirmTrader In this Bangkok Forex trading vlog, I show you how to place trades on the online platform TradingView. I have made a video in the past about the basics of using the TradingView platform with a trading account to place trades. However, TradingView has
The FTX collapse marks more than just the failure of another crypto exchange. It signals the time has come for the industry to grow up and embrace value. The value schism is here. FTX was the world’s second-largest crypto exchange. Now, it is a meme for the death rattle of absurd amounts of money being
The USDCAD has raced higher in trading today and in the process really had limited corrective price action. There was a brief consolidation after the better-than-expected GDP, but it has been racing back to the upside over the last few hours. However, the last 20 minutes have seen a rotation to the downside. The buyers