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,...
Kickstart your FX trading for November 16 with a look at the EURUSD, USDJPY and GBPUSD
The US initial jobless claims and continuing claims came in weaker than expectations and is making traders think that employment may be showing some cracks. The Philly Fed business index also declined although it was better than expectations.Rates have moved lower as...
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...
Fed’s Mester: Whether further hikes are needed depends on the economy
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,...
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,...
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...
Philadelphia Fed November manufacturing index -5.9 vs -9.0 expected
Prior -9.0Employment +0.8 vs +4.0 priorPrices paid +18.4 vs +23.1 priorPrices received +14.8 vs +14.6 priorNew orders +1.3 vs +4.4 priorShipments -17.9 vs +10.8 priorDelivery times -8.7 vs -21.4 priorInventories -3.1 vs -7.0 priorExpectations component i.e. six months...
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,...
ForexLive European FX news wrap: Commodity currencies lag amid a mixed market mood
Headlines:Markets:JPY leads, NZD lags on the dayEuropean equities mixed; S&P 500 futures down 0.2%US 10-year yields down 3.1 bps to 4.505%Gold up 0.2% to $1,963.67WTI crude down 0.7% to $76.10Bitcoin down 1.1% to $37,215It was a rather slow session as markets are...
Alibaba shares down in pre-market as Jack Ma’s family plans to sell down shares
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,...
ECB’s Lagarde says Europe’s financial system has avoided worst-case scenario
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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...
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...
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...
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...
Xi told Musk that he supports Tesla’s development in China
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,...
ECB’s Centeno: Interest rates will not desirably return to zero
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,...
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,...
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...