News

Forex News

• A technical look at each of the major currency pairs heading into the new trading week
  EURUSDUSDJPY:GBPUSD:USDCHF:USDCAD:AUDUSD and NZDUSD This article was written by Greg Michalowski at www.forexlive.com.
• Forexlive Americas FX news wrap 26 Jul: Rebound day. AUD higher. CHF lower. Stocks rise
  US stocks close the week with gains on the day. S&P and Nasdaq lower for the week.Next week will be the Grand Daddy of the earning calendar this quarterBaker Hughes oil rig count +5 to 482.ECBs Schnabel:Services inflation showing last mile in inflation fight especially difficultEuropean shares bounce back. Mixed performance for the week.Initial Atlanta […]
• US stocks close the week with gains on the day. S&P and Nasdaq lower for the week.
  The US stocks have closed the week with gains on the day. The S&P and the Nasdaq remain lower on the week. The Dow and the small-cap Russell 2000 closed higher with the Russell 2000 the best performer on the rotation on hopes lower rates would help those companies going forward. The final numbers are […]
• US stocks move lower as the week moves toward the close
  The US stocks are moving lower with the broader S&P and Nasdaq indices below the midpoint of the days trading ranges. The indices still remain higher on the day, but in a week that has seen sharp moves lower, the leaking back to the downside is a disappointment.Looking at the Nasdaq, it is still up […]
• Next week will be the Grand Daddy of the earning calendar this quarter
  Next week will be a key earnings release week. 4 of 7 of the Magnificent 7 will be released with Microsoft, Meta Platforms, Apple and Amazon all scheduled to report. As if that wasn't enough, McDonald's, Pfizer, Merck, AMD, Starbucks, Boeing, Qualcomm, Intel, Exxon Mobil and Chevron will also report. MondayBefore Open:McDonald'sPhillipsAfter Close:TilrayTuesdayBefore Open:SoFiPfizerPayPalBPP&GCorningMerckAfter Close:AMDMicrosoftStarbucksPinterestWednesdayBefore […]
• Baker Hughes oil rig count +5 to 482.
  The Baker Hughes rig count for the current week is showing:Oil rigs +5 to 482Gas -2 to 101Total rigs, +3 to 589 The price of crude oil is down $1.28 on the week or -1.63%. Looking at the daily chart, the price of crude oil remains below the 200-day MA (green line) at $78.66. The […]
• USDCHF bounces as flight to safety flows abate. What levels are in play going forward?
  The USDCHF moved lower this week helped by flight to safety flows after strong selling in the equity markets. That move lower, took the price back below its 200 day moving average near 0.8883, and the 38.2% retracement of the move-up from the December low also at that level. More momentum took the price below […]
• ECBs Schnabel:Services inflation showing last mile in inflation fight especially difficult
  ECBs Schnabel is speaking and she says: services inflation is showing that the last mile inflation fight is especially difficultSome data was not quite in line with projections.The ECB is not on a predetermined path. A first cut does not imply a series of cuts.Freight costs, protectionism could drive inflation.Pace and extent of ECB rate […]
• European shares bounce back. Mixed performance for the week.
  The major European indices have bounced back in trading today with all the indices higher. A snapshot of the closing levels shows: German DAX, +0.68%France CAC +1.22%UK FTSE 100 +1.21%Spain's Ibex +0.18%Italy's FTSE MIB +0.12%For the trading week, most of the indices were higher with the exception of Italy's FTSE MIBGerman DAX +1.38%France CAC, -0.22%UK […]
• Initial Atlanta Fed GDPNow growth tracker comes in at 2.8%
  The Atlanta Fed GDPNow growth tracker for Q3 is out with its initial estimate. It sees Q3 growth at 2.8%.In their own words:The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.8 percent on July 26. The initial estimate of second-quarter real GDP growth […]