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• News is making people miserable
  At ForexLive, we work in the news business and I make it our mission to deliver news and analysis that can help people make money in financial markets, or at least understand what's going on.I've always gravitated towards financial news because it's the one industry where there's a scorecard. You can still get away with […]
• Forexlive Americas FX news wrap 26 Apr. The JPY tumbles as BOJ does not look to support
  US stocks end a solid week with strong gains. NASDAQ leads the charge.EURJPY gets close to 2008 high at 169.96. Break above and trading at 32-year-highCrude oil settles at $83.85Key event and releases for the trading week starting April 29Baker Hughes oil rigs down to 506 vs 511 last weekEuropean indices close higher for the […]
• US stocks end a solid week with strong gains. NASDAQ leads the charge.
  The US major stock indices surged higher today led by the NASDAQ index which rose over 2.0%. The catalyst was lower than anticipated core PCE data released by the Federal Reserve. That inflation measure is the favor measure of inflation by the Fed. Given the GDP day yesterday with the quarterly core PCE data higher […]
• EURJPY gets close to 2008 high at 169.96. Break above and trading at 32-year-high
  The EURJPY has reached a high of 168.8942. That is down the price within the 100 pips of the high price going back to July 2008 at 168.941. Trading above that level would take the pair to the highest level since September 1992.Traders may look to lean against the high ceiling area from 2008 with […]
• Crude oil settles at $83.85
  The price of the WTI crude oil settled on Friday at $83.85. The price settled up $0.28 or 0.34%.The high-price today reached $84.46. The low price was at $83.35.For the trading week, the price is trading higher by $1.54 or 1.87%.The Baker Hughes weekly rig count showed a decrease in total rigs to 613 from […]
• Key event and releases for the trading week starting April 29
  Next week, the Federal Reserve rate decision will take place on Wednesday, May 1 at 2 PM ET followed by the press conference scheduled for 2:30 PM ET. That rate decision will highlight the economic releases and events for the trading week starting April 29.Also on the economic calendar:Monday, April 29German CPI. Estimate 0.6%Tuesday, April […]
• Earthquake reported in Taipei Taiwan
  An earthquake is being reported in Taiwan's capital Taipei. Details are limited at the moment.UPDATE:The magnitude is reported at 5.6 and 6.1There are no reports of damage This article was written by Greg Michalowski at www.forexlive.com.
• NZDUSD holds resistance against 50% retracement this week and rotates lower. What next?
  The NZDUSD this week moved higher on Thursday and moved up to test the 50% midpoint of the April trading range at 0.59668, before backing off on the stronger US GDP and price data. The price retraced the entire move to the downside with momentum in the Asian session today. That follow-through upside move took […]
• GBPJPY soars to highest level in nearly 16 years, eyeing 200.00 resistance
  The USDJPY has and continues to make new highs going back to 1990.Today, the GBPJPY joined the USDJPY in making a new multi-year high. For the GBPJPY, it traded to its highest level since September 2008 (highest level in 2008 or nearly 16 years). Looking at the monthly chart above, the price moved above the […]
• Baker Hughes oil rigs down to 506 vs 511 last week
  The Baker Hughes rig count for the current week shows:Oil rigs: 506 vs 511 Natural gas rigs:105 vs 106.Total rigs: 613 vs 619 last weekCrude oil is trading up $0.22 at $83.80. For the trade week, price of crude oil is up $1.72 or 2.09%. This article was written by Greg Michalowski at www.forexlive.com.