RSS Forexlive RSS Breaking News Feed

  • ECB's Panetta adds to the chorus for a June a rate cut - "general consensus has emerged" 05/25/2024
    As Bank of Italy Governor, Fabio Panetta is also a member of the European Central Bank Governing Council. On Saturday he spoke at a news conference at the end of the G7 finance leaders meeting saying that he sees "a fairly general consensus has emerged on the possibility of a rate cut".We've certainly been getting […]
    Eamonn Sheridan
  • Forexlive Americas FX news wrap 24 May; USD moves higher. Nasdaq &S&P gain for 5th week 05/24/2024
    NASDAQ index rises by over 1%. Dow Industrial Average average flat77 Tories are standing down ahead of the general electionCrude oil futures trade to new session highsBakers Hughes oil rigs unchanged in the current weekEuropean indices close unchanged/down. Lower for the week.Japan's Kanda: Excessive FX moves undesirable. Ready to take action if neededECBs Nagel: Core […]
    Greg Michalowski
  • NASDAQ index rises by over 1%. Dow Industrial Average average flat 05/24/2024
    The major US stock indices are all closing higher on the day, however with different variances.The Dow Industrial Average averages closing near unchanged at 39069.58 up 0.01%.The S&P index is closing up 36.86 points or 0.70% at 5304.71. A close short of its record close reached on Tuesday at 5321.42.The Nasdaq index is closing up […]
    Greg Michalowski
  • NZDUSD trades in a narrow trading range this week. Will the new week lead to a break? 05/24/2024
    The NZDUSD traded in a narrow range this week with a low to high range of only 70 pips . That is not a lot of movement. The good news is that next week, trader might be ready to move the pair outside of the narrow range. If so, look for momentum in the direction […]
    Greg Michalowski
  • 77 Tories are standing down ahead of the general election 05/24/2024
    The rats are leaving the sinking ship. This article was written by Greg Michalowski at www.forexlive.com.
    Greg Michalowski
  • The USDCHF is higher on the week but moved to an old ceiling and stalled. What next? 05/24/2024
    As the week moves to a close, the USDCHF is higher on the week, but did find willing sellers against a topside swing ceiling. That ceiling stalled near 0.9146-0.9156. The price has rotated lower.However, the close support at the 61.8% of the move down from the April/May 2024 high is stalling the decline today at […]
    Greg Michalowski
  • Crude oil futures trade to new session highs 05/24/2024
    Crude oil futures are trading up around one dollar on the day at $77.85 (up 1.25%). The low price today extended down to $76.18. That was the lowest level going back to February 26.This week, the price is currently down $-1.62 or minus 2.05%.Looking at the weekly chart, the low prices stayed above its 200-week […]
    Greg Michalowski
  • Bakers Hughes oil rigs unchanged in the current week 05/24/2024
    The weekly Baker Hughes rig count is showing:Total rigs -4 at 600Oil rigs unchanged at 407Natural Gas -4 to 99 This article was written by Greg Michalowski at www.forexlive.com.
    Greg Michalowski
  • The EURUSD has rotated higher into the week close. What next? Can the buyers keep control? 05/24/2024
    The EURUSD sellers had their shot with the price moving below the 100-day MA yesterday and trying to stay below in the Asian session today. That move did not last as traders leaned against a swing area and the 100 bar MA on the 4-hour chart. Sellers turned to buyers and the price started to […]
    Greg Michalowski
  • European indices close unchanged/down. Lower for the week. 05/24/2024
    The major European indices are ending the day little changed or down. For the week, the major indices are closing lower:A snapshot of the closing levels at today shows:German DAX, +0.01%France CAC, -0.09%UK FTSE 100 under -0.26%Spain's Ibex -0.58%Italy's FTSE MIB +0.07%For the trading week:German DAX, -0.06%France CAC, -0.89%UK FTSE 100, -1.22%Spain's Ibex, -0.72%Italy's FTSE […]
    Greg Michalowski