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Wednesday, October 16, 2024

American Market Recap: NZDUSD pressing against downside support targets

NZDUSD pressing against downside support targets

As the US session works to a close and the Asian Pacific looks to restart, the NZDUSD is pushing the 61.8% retracement target at 0.60509. If the price can move back below that retracement, the low f... 

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Canadian cardholder spending data "nothing short of abysmal" in latest RBC report

RBC is out with its latest Canadian consumer spending tracker and the cardholder data from Canada's largest bank shows a worsening picture. The report says Canadian consumers "are tapped out": Retail... 

US stocks stretch to new highs

US indices are moving higher and trading to new session highs as the market moves toward the end of day. Dow industrial average traded as high as 43,098.14. The index is currently trading up 325 point... 

Crude oil settled at $70.39

Crude oil futures are settling at $70.39. That's down $0.19 or -0.27%. The high price today reached $71.31. The low price was at $69.64. Technically, the price will below a swing area between $71.44 a... 

The euro slumps to a two-month low ahead of Thursday's ECB decision

The euro couldn't hold above 1.12 in September or August and now the market is rethinking the idea of global rates converging at low levels. That's left the euro in a vulnerable spot with Goldman Sach... 

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Latest Forex Orders

FX option expiries for 16 October 10am New York cut

There aren't any major expiries to take note of on the day. As such, trading sentiment might be a bit more muted in the session ahead. The dollar is keeping steadier across the board, so that continue... 

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