Share: US equities caught a firm bid on Friday after a bumper NFP beat. The S&P 500 has pinged a new high for the week as investors pile out of safe havens to close out the trading week. Inflation data for the US will be the key focus moving forward as markets watch
The 30 year mortgage rate hit a 23 year high at 7.84%. That is up from around 7.1% at the beginning of September. Mortgage rates are up to the highest level in 23 years Versus 2 years ago, the monthly mortgage payment on a $400,000 home with 20% down is up $965. That doesn’t include
Getting better Chat GPT answers. Adjust the temperature and max_tokens parameters for better responses when using OpenAI’s models, you can experiment with different values to fine-tune the behavior of the model. Here’s how you can use these parameters: Temperature (for Creativity): Higher Temperature (e.g., 0.8 to 1.0): Increasing the temperature makes the output more random
Share: The AUD/USD caught a much-needed bid in Friday trading after the US NFP report clobbered forecasts. The Aussie still remains buried deep in bear country after falling to fresh lows for 2023 in the early week. Market focus is set to crystallize on US inflation expectations next week. The AUD/USD etched in
In the fast-paced world of financial markets, traders are constantly seeking tools and strategies to gain an edge. One such tool that has gained popularity is the Breakout Trading MT4 Indicator. This powerful indicator can be the key to unlocking successful trading opportunities. In this article, we will delve into the world of breakout trading,
US Dollar – Is The Rally Coming To An End? The US dollar has rallied since early Q3 back to levels last seen on either side of December last year as the Federal Reserve tightened monetary policy by hiking interest rates ever higher. The Federal Reserve left rates unchanged at its September meeting but warned
Just last week, White House National Security Adviser Jake Sullivan talked about how “quiet” the Middle East was. “I emphasize for now, because all of that can change, and the Middle East region is quieter today than it has been in two decades,” he said. It’s not anymore. Hamas launched a massive attack against Israel
Share: Canadian Dollar market flows turn bullish following US & Canada labor data prints. Canada Unemployment Rate flat at 5.5%, US unemployment holds at 3.8%. US NFP handily beats expectations with slightly softer earnings. The Canadian Dollar (CAD) is climbing to fresh highs, set to challenge Monday’s trading range following a bumper labor
In this video, I outline the risks and targets in the USDJPY as we work toward the close for the week, and the look ahead to the new trading week. What is the bias? What are the targets? What is the risk? What did the price action today and this week tell us technically about
