Author: Admin

Index Trading Where Is the Top in U.S. Stocks? Key Levels to Watch in the Nasdaq and S&P 500 Index Trading The U.S. stock market continues to push into uncharted territory, leaving traders asking the big question: where is the top in U.S. stocks? Or perhaps more importantly, is there even a top in sight? With the U.S. dollar downtrend losing steam and bond yields retreating after a strong run-up, momentum in equities has remained impressive. Both the S&P 500 and Nasdaq 100 are trading at record highs, but when markets stretch into uncharted territory, identifying potential turning points becomes…

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US Dollar bounces from three-year lows after Fed cut, supported by rising US Treasury yields late in the week.Fed officials Daly and Kashkari offered cautious tones, while Miran reaffirmed his preference for deeper easing.French spending cut protests pressure Macron’s new PM, adding political headwinds for the Euro.EUR/USD edges lower on Friday, late in the North American session, as the Greenback recovers after bouncing off three-year lows reached in the aftermath of the Federal Reserve’s (Fed) interest rate cut. Political turmoil in France amid higher US Treasury yields boosted the US Dollar, sending the pair lower.EUR/USD falls as Fed speakers, higher…

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  Highlights include US PCE, SNB, Flash PMIs, Aussie and Tokyo CPI Interest rates MON: PBoC LPR, EZ Consumer Confidence Flash (Sep) TUE: Riksbank Announcement, EZ/UK/US Flash PMIs (Sep) WED: CNB Announcement, Australian CPI (Aug), German Ifo Survey (Sep) THU: SNB Announcement, Banxico Announcement, BoJ Minutes, PBoC MLF, German GfK Consumer Sentiment (Oct), US Durable Goods (Aug), US GDP (Q2), US PCE (Q2) FRI: Japanese Tokyo CPI (Sep), US PCE (Aug), US University of Michigan Final (Sep) PBOC LPR/MLF (MON/THU) The PBoC is expected to leave its Loan Prime Rates unchanged for the fourth consecutive month, with the 1yr and…

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AUD/USD extends losses for a third day, set for first weekly decline in four weeks.The Australian Dollar weakens as the Fed-driven US Dollar rebound and soft jobs data weigh on the Aussie.Fed Governor Stephen Miran advocates deeper cuts, signaling internal divergence on future policy directionThe Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Friday, with AUD/USD extending its decline for the third straight day. The pair is set to end the week in negative territory for the first time in four weeks, as the Greenback’s post-Fed recovery continues to sap demand for risk-sensitive currencies.At…

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United States (US) President Donald Trump declared on Thursday that the US is so strong it can just “get people to do things”. Trump was speaking to reporters aboard Air Force One.According to President Trump, more countries need to join forces with the US to cease purchases of Russian oil. Ostensibly, Trump is trying to use the global community to apply pressure on Russia to end the invasion of Ukraine, without applying pressure directly on Russia via his own administration. Donald Trump campaigned on isolationist rhetoric, making Trump’s pivot into calling on NATO and other global allies for political assistance…

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