Trade ideas thread - welcome! Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: Dow down The Nasdaq stocks have been the underachievers of late.
There has been a rotation out of the tech stocks and a move into the more "industrial" sector. That is not the case for today though. Forex news for New York trade on June 21, The GBPCAD is the biggest mover today.
The pair is up 0. Even though it is the strongest pair, it is not racing.
What is stalling the pair? The decision will be accompanied by a brief statement from Governor Wheeler 5 or 6 paragraphs. There is no press conference. Powell will be testifying at Senate tomorrow Powell's comments focus on regulation.
Here are the details, if that's your sort of thing: Listings continue to surge, prices slide Preliminary Toronto house price data for June is extremely troubling.
Here is the average selling price over the past three months:. Finance Minister spoke with Bloomberg - Mexico may be able to start cutting rates by year end - Probably only a couple of rate hikes left Note this is the finance minister, not the central bank leader. No initial reaction in MXN. Will the sellers put a lid on it The EURUSD has moved back into that ubiquitous area that has had a number of swing levels, i.
Technically a move above puts the pair back into the area where most of the trading has taken place over the last month, with the 1. That's what the yield curve has been screaming for the past few months. You never want to be compared to but the 5s30s yield curve is now at 95 basis points, which is the flattest since December Euro higher after two days of declines I was beginning to worry that the euro bulls had gone on vacation.
A late bid has helped the euro turn a quiet day into a small victory.Forex Factory Calendar Indicator MT4 with News Alert
Tuesday's high of 1. Still trades near recent highs However, there is some speculation that they will be more in line to raise rates down the road. Any mention of moving to more normal rates should be a boost to the currency.
The November low gives way What a terrible month for oil. What's especially negative for oil is that three bullets were fired by the bulls today and they missed. Chart from Bloomberg TV This is a chart of Amazon's stock price compared to indexes of apparel manufacturers, department stores and specialty retail.
Traded forex breaking news alerts and then higher. It is now lower. The market tried to stage a bit of a bounce today but the US inventory just wasn't good enough to sustain it. The market also wasn't impressed with OPEC's jawboning.
Lots of resistance was above at the and hour MAs and old lows at the 1. Even the hawks are losing their appetite We're living in some kind of bizarro central banking world.
The AUDUSD stalled is trading at new session lows - spurred on by the breaking of some key levels. UK election goes sideways, commodity currencies go cost basis nq stock options The trio of NZD, AUD and CAD are easily the top performers this month. The strength in June is part of a seasonal trend that I highlighted three weeks ago. NZD vulnerable to the RBNZ decision later Credit Bloomberg forex manipulation CIB FX Strategy Research notes that the RBNZ is widely expected to leave the OCR at 1.
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Forex breaking news alerts text for next article. Looking for a new forex broker? RBNZ announcement - on hold as expected. Wed mobil stock trading Jun Today's decision text, in full. View Full Article with Comments. Trade ideas thread - Thursday 22 June Trade ideas thread - welcome!
It's the Nasdaq's turn to steal the spotlight Nasdaq higher. ForexLive Americas FX news wrap: The oil slide continues to lowest since August Forex news for New York trade on June 21, GBPCAD is the biggest mover on the day.
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What do the technicals say? No comments on the outlook from the Fed's Powell in prepared text for Senate Powell will be testifying at Senate tomorrow Powell's comments focus on regulation. The market is crashing: Here is the average selling price over the past three months: Mexican finance minister says rate-hike cycle is likely near end Finance Minister spoke with Bloomberg - Mexico may be able to start cutting rates by year end - Probably only a couple of rate hikes left Note this is the finance minister, not the central bank leader.
EURUSD in that dreaded resistance area Will the sellers put a lid on it The EURUSD has moved back into that ubiquitous area that has had a number of swing levels, i.
The bond market flashes another worrisome sign 5s30s falls to flattest since the crisis The Fed is wrong. Euro catches a late bid as it tries to form a base Euro higher after two days of declines I was beginning to worry that the euro bulls had gone on vacation.
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Oil falls to the lowest since August The November low gives way What a terrible month for oil. Amazon is laying waste to everyone else Chart from Bloomberg TV This is a chart of Amazon's stock price compared to indexes of apparel manufacturers, department stores and specialty retail. USDJPY down on the day Traded lower and then higher. USDCAD tests day MA at 1.
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Do the GBPUSD dip buyers come in here? Wouldn't want to start unwinding balance sheet in Sept if inflation weakens Even the hawks are losing their appetite We're living in some kind of bizarro central banking world.
Trades at session lows. Here is the story so far this month UK election goes sideways, commodity currencies go up The trio of NZD, AUD and CAD are easily the top performers this month. Watch for RBNZ jawboning - Credit Agricole NZD vulnerable to the RBNZ decision later Credit Agricole CIB FX Strategy Research notes that the RBNZ is widely expected to leave the OCR at 1.
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