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US October industrial production -0.6% vs -0.3% expected

US October industrial production -0.6% vs -0.3% expected

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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US dollar slumps after softer jobless claims data

US dollar slumps after softer jobless claims data

The US dollar softened across the board after claims for jobless benefits rose to 231K from 217K in the week ending November 11. That's a modest miss but the market is extrapolating on the trend.Wal-Mart today also warned there was a “sharper falloff” in sales during...

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US October import prices -0.8% vs -0.3% expected

US October import prices -0.8% vs -0.3% expected

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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US initial jobless claims 231K vs 220K estimate

US initial jobless claims 231K vs 220K estimate

initial jobless claims in continuing claimsPrior week 217Kinitial jobs claims 231K vs 220K estimate. Highest since August 184-week moving average 220.25K vs 212.50K last week.Continuing claims 1.865M vs 1.847M estimate. Highest since November 2021Prior week continuing...

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Canada October housing starts 274.7K vs 252.9K expected

Canada October housing starts 274.7K vs 252.9K expected

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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US futures stay rather muted so far on the day

US futures stay rather muted so far on the day

Even if we are seeing a lack of follow through after the Tuesday moves, equities are still in a comfortable spot. US futures are little changed and flattish today but it doesn't distract from the strong gains already posted so far this week. All three major indices in...

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Cryptocurrency Adoption in Africa

Cryptocurrency Adoption in Africa

Cryptocurrency adoption has been steadily growing in various parts of the world, with Africa emerging as one of the regions showing significant potential for its expansion. In recent years, countries across Africa have witnessed a surge in the interest and usage of...

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Cryptocurrencies and Their Regulation Features

Cryptocurrencies and Their Regulation Features

Cryptocurrencies have gained significant traction in recent years as a revolutionary form of digital currency. They operate on decentralized networks, commonly known as blockchains, which ensure secure and transparent transactions. However, due to their disruptive...

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Cryptocurrency Crimes in Financial Markets

Cryptocurrency Crimes in Financial Markets

Cryptocurrencies, such as Bitcoin and Ethereum, have gained significant popularity in recent years. With their decentralized nature and potential for high returns, they have attracted the attention of both legitimate investors and criminals. Unfortunately, as the use...

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BOE’s Greene: I am not thinking about rate cuts

BOE’s Greene: I am not thinking about rate cuts

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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Market Update – November 16 – Stocks rally fizzles out

Profit-taking on overbought conditions was the general rational after bond bulls overzealously brought forward Fed rate cuts to the spring, and aggressively priced in 50 bps in easing by mid-year. The mixed signals from the data on retail sales, PPI, and the Empire...

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