week

USD/CAD closed the week at 1.3558. The current price is slightly higher at 1.3580. The high for the week was 1.3622 on Wednesday. This move took the price above a swing high at 1.36188, but it quickly pulled back down. The high was capped…

Monday, September 16 (EST)Tuesday, September 17 (ET)5:00 AM ETGerman ZEW Economic Sentiment (FX: 17.2, Previous: 19.2)8:30 AM ETCanadian CPI (MoM) (Expect: 0.1%, Previous: 0.4%)8:30 AM ETUS Core Retail Sales MoM (Expect: 0.2%, Previous:…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

Major US stock indexes closed higher today. The Nasdaq and S&P 500 had a perfect week with five straight days of gains. The Nasdaq erased its -5.77% decline from last week with a gain of 5.95%.The image shows today's closing levels as…

S&P 500 (SP500) Friday Up 4.02% The index ended the week at 5,626.02 points, posting gains in all five sessions. SPDR S&P 500 ETF Trust (New York: Spy) Up 4.01% For this week. Bulls returned to Wall Street this week, helping The…

The Nasdaq and S&P ended the week with five straight days of gains.As the day and week draw to a close, the Japanese Yen ended the day as the strongest of the major currencies and the New Zealand Dollar was the weakest. The US Dollar…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

Cut or not cut 50 basis points.As the Federal Reserve’s September meeting approaches, JPMorgan reiterated its call for a 50 basis point rate cut, scheduled for Wednesday at 2 p.m. ET. Following Nick Timiraos’s article highlighting the Fed’s…

If the Fed wanted to get things in order, the market certainly wouldn’t let it. The odds of a 50bp rate cut had waned after the US CPI report earlier this week, but they resurfaced in trading yesterday. The odds have now risen back to…

Nick Timiraos in magazine (Closed) Writes about the Federal Reserve's questions about whether it should cut interest rates by the traditional 0.25 percentage point or by a larger 0.5 percentage point at next week's meeting. He says:Powell…