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 … Read more
German Chancellor Merz: There will be no meeting between Russia’s Putin and Ukraine Pres. Zelenskyy What next? More secondary sanctions? Can sanctions starve Russia of needed funds? The writing on the wall after the Putin/Trump meeting was pretty evident. There was no ceasefire. The hope was for a Putin/Zelenskyy bilateral meeting, which really never got … Read more
Trump is thinking about a Republican National Convention ahead of the mid-term elections: Oh no…Not more politics, fundraising, commercials, etc. In other Trump News today, he fired CDC Director Susan Monarez after she refused to resign She claimed she was ousted for resisting politically driven, unscientific directives. Her lawyers said she remained in her role, … Read more
Russia launched one of its most intense attacks of the year on Ukraine overnight, deploying 598 drones and 31 missiles, according to the Ukrainian Air Force. The strikes hit several targets, including the EU mission and British Council offices in Kyiv, though no EU or UK casualties were reported. The scale of the assault underscores … Read more
Prior month -0.8% Pending home sales change month on month -0.4% versus -0.1% estimate Pending home sales index 71.7 versus 72.0 last month. YoY +0.7% Regionally: Northeast -0.6% West +3.7% Midwest -4% South -0.1% REALTORS® Confidence Index survey shows that 16% of NAR members expect an increase in buyer traffic over the next three months, … Read more
EU Pres. von der Leyan on the strike by Russian forces in Kyiv that included a hit on the EU offices: Putin must come to the negotiating table We must secure a just and lasting peace for Ukraine with firm and credible security guarantees that will turn the country into a steel porcupine. The EU … Read more
The US dollar is continuing the fall that was started in the New York session yesterday. As US traders enter for the day with the EURUSD, USDJPY and GBPUSD trading near the lows. In the video, I outline the moves today, and outline the key risk and bias defiining levels for each. What would keep … Read more
Fundamental Overview The USD recovered most of the losses triggered by Powell’s dovish tilt at the Jackson Hole Symposium before giving the gains back yesterday. Traders are now focused on the US labour market data due next week that will culminate with a crucial NFP report on Friday. In fact, the data will influence interest … Read more
Rate cuts by year-end Fed: 55 bps (89% probability of rate cut at the upcoming meeting) ECB: 10 bps (96% probability of no change at the upcoming meeting) BoE: 10 bps (99% probability of no change at the upcoming meeting) BoC: 24 bps (64% probability of no change at the upcoming meeting) RBA: 33 bps … Read more
Fundamental Overview The USD recovered some of the losses triggered by Powell’s dovish tilt at the Jackson Hole Symposium. Traders are now focused on the US labour market data due next week that will culminate with a crucial NFP report on Friday. In fact, the data will influence interest rates expectations greatly. Right now, the … Read more
