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<p>US stocks are trading to at session highs. Into the headline of the potential cease-fire in the Israel-Hamas conflict. </p><p>A snapshot of the market currently shows:</p><ul><li>Dow Industrial Average up 325.44 points or 0.85% at 38475.75</li><li>S&amp;P index of 49.45 points or 1.02% at 4895.

<p>The Atlanta Fed GDPNow estimate for Q1 2024 growth was released earlier and increased to 4.2% from 3.0% from the January 26 estimate. In their own words:</p><p>The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 4.2 percent on February 1, up from 3.0 percent on [&helli

The EUR/GBP has been heavily dumped by the market participants as the Bank of England (BoE) has kept interest rates unchanged at 5.25%.

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/centralbank/boe-leaves-bank-rate-unchanged-at-525-as-expected-20240201/">BOE leaves bank rate unchanged at 5.25% as expected</a></li><li><a href="https://www.forexlive.com/centralbank/boes-bailey-we-are-not-yet-at-a-point-wh

<p>Al Jeezera is reporting that:</p><ul><li>Qatar says Israel agrees to a ceasefire proposal.</li></ul><p>There has not been an acceptance from Hamas as of yet. </p><p>Crude oil has moved lower and is now negative on the day at $75.49 (down around $0.30). Technically, the price has moved below t

<p>The lesson from yesterday was that the only thing this market cares about is the next headline. If that's the case, then there will be plenty of twists and turns today.</p><p>At 8:30 am ET:</p><ul><li>Initial jobless claims</li><li>Q4 unit labor costs</li></ul><p>9:30 am R

<p>The GBPUSD is following the dollar lower moves seen as yields in the US tumble. the market is discounting the comments from Fed Chair Powell and thinking more in terms of slower growth/higher unemployment. The <a href="https://www.forexlive.com/news/why-bonds-are-ripping-higher-and-the-dollar-is-being-pulled-lower-20240201/" t

<div><img width="1156" height="768" src="https://www.financebrokerage.com/wp-content/uploads/2023/03/shutterstock_153178391.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="dollar" decoding="async" loading="lazy" /></div><h1>&l

<p>US 10-year yields are now down 14 basis points on the day to 3.82% and the US dollar is slumping.</p><p>I <a href="https://www.forexlive.com/news/banking-worries-are-back-and-bonds-are-bid-20240201/" target="_blank" rel="follow">wrote about</a> this earlier but the moves have extended a

<div aria-hidden="true"></div> <p>Technical analysis is a crucial tool for traders to predict future price movements based on historical data. One popular chart pattern that traders often rely on is the rectangle pattern. In this article, we will delve into the details of the rectangle pattern, its characteristics, and h