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Thursday, July 25, 2024

American Market Recap: GBPUSD trades to a new low and with it, a cluster of support targets

GBPUSD trades to a new low and with it, a cluster of support targets

GBPUSD reaches a key target. Which way from here? The GBPUSD has traded to a new low and with it is testing a cluster of support targets. Those levels come between 1.2845 to 1.2860. The low just reach... 

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Southwest Airline goes to assigned seats. Yay or Nay?

Southwest Airlines announced today that they will get rid of their open seating and go to an assigned seating model (like everyone else). The move is intended to sell seats at a premium. Yay or Nay o... 

NYT Sienns College Poll: Trump 48%. Harris 46% among registered voters

Among registered voters, GOP Trump holds a 48% to 46% lead over Dem Harris. The key here is "registered" voters. You would expect that if a registered Democrat or registered Republican, you are proba... 

USDCAD makes a new 2024 high but just barely. Price backs off. What next?

The Bank of Canada rates by 25 basis points yesterday to 4.5%. It was the second consecutive meeting that the central bank rates. The price of the USDCAD was trading within a key topside swing area be... 

Nasdaq has bounced but there is one problem still.

The NASDAQ index has had a impressive rebound from lows. At session lows, the NASDAQ index was down -308.45 points. The subsequent run back higher took the index to a gain of 202.05. Overall a range... 

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FX option expiries for 25 July 10am New York cut

There aren't any major expiries to take note of on the day. As such, trading sentiment will continue to revolve around the same factors driving price action in the last few days. That being bids into... 

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