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,...
ADP February US employment +77K vs +140K expected
ADP employmentLowest reading since JulyPrior was +183 (revised to +186K)Goods producing +42K vs -6K priorService providing +36K vs +190K priorPay gains for job stayers 4.7% vs 4.7% priorPay growth for job changers 6.7% vs 6.8% prior"Policy uncertainty and a slowdown...
Trump and Trudeau expected to talk today – report
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 the FX trading day with a technical look at EURUSD, USDJPY and GBPUSD
The video above, outlines the key technical levels in play for the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD. All three foreign currencies are higher vs the USD (the USD is weaker) with the EUR the biggest mover of the day with a gain of close to 0.80%....
ForexLive European FX news wrap: Euro stays upbeat as dollar slumps, DAX rebounds strongly
Headlines:Markets:EUR leads, CAD lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields up 3.2 bps to 4.242%Gold flat at $2,916.47WTI crude down 1.7% to $67.07Bitcoin up 3.5% to $90,624The euro continues to build on its breakout from...
Germany reportedly calls for EU to ease fiscal rules in order to bolster defense spending
It is pretty much the case here after the announcement yesterday: Germany will set up €500 billion infrastructure fund and a special defense fundNow it is being reported that Germany is asking the EU to reform its fiscal rules in order to allow for member states to...
US MBA mortgage applications w.e. 28 February +20.4% vs -1.2% prior
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,...
China president Xi continues to push the goal of common prosperity
Xi is quoted in saying "economically developed provinces should actively explore experience in promoting common prosperity for all". The goal of common prosperity isn't a new one in China but has certainly gained much prominence under Xi's presidency. In particular,...
ThinkMarkets Becomes Platinum Partner on TradingView
ThinkMarkets, a global leader in online CFD trading, has announced its new status as a Platinum partner on TradingView. Following its launch on TradingView earlier this year, ThinkMarkets has seen significant interest from both existing and new clients eager to trade...
Eurozone January PPI +0.8% vs +0.5% m/m expected
Prior +0.4%; revised to +0.5%Looking at the breakdown, there were increases across all sectors with a rise in prices for intermediate goods (+0.3%), energy (+1.7%), capital goods (+0.7%), durable consumer goods (+0.6%), and non-durable consumer goods (+0.2%). If you...
US futures extend gains as tech shares look for a solid bounce back
Even though US stocks ended with losses yesterday, it could've been much worse if the early losses were anything to go by. For tech shares, things ended up pretty decently with the Nasdaq only falling by 0.4% as compared to the lows of over 2% losses at one point. The...
UK February final services PMI 51.0 vs 51.1 prelim
Prior 50.8Composite PMI 50.5 vs 50.5 prelimPrior 50.6Despite the fastest decline in new work since November 2022, UK services sector still managed to clock in a growth in output. But despite the seemingly positive showing, there is some concern when it comes to...
Dollar struggles continue in European trading today
Well, the move up in EUR/USD was certainly quicker than I thought it would be. The pair is now already moving up to test waters above the 1.0700 mark currently. We're now testing key daily resistance from the 50.0 Fib retracement level at 1.0695 and soon to be the...
Italy Q4 final GDP +0.1% vs 0.0% q/q prelim
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,...
Eurozone February final services PMI 50.6 vs 50.7 prelim
Prior 51.3Composite PMI 50.2 vs 50.2 prelimPrior 50.2The drag in the services sector mostly owes to slumps in the French and German economy, which posted readings that were 13-month lows and 2-month lows respectively. Overall business activity still held in expansion...
Germany February final services PMI 51.1 vs 52.2 prelim
Prior 52.5Composite PMI 50.4 vs 51.0 prelimPrior 50.5Despite a slight pick up in the manufacturing sector last month, Germany's services sector turned out to be the disappointment. And with the negative revision here, overall business activity fell a little but still...
France February final services PMI 45.3 vs 44.5 prelim
Prior 48.2Composite PMI 45.1 vs 44.5 prelimPrior 47.6The readings are better than the initial estimates but still a poor showing relative to January. It just reaffirms the negative sentiment weighing on the French economy after the brief uptick from the Olympics last...
Italy February services PMI 53.0 vs 50.9 expected
Prior 50.4Composite PMI 51.9Prior 49.7The Italian economy inched back into expansion territory in February, helped by a strong showing in the services sector. New business showed a modest improvement, helped mostly by domestic sales. HCOB notes that:“Finally, some...
Spain February services PMI 56.2 vs 55.3 expected
Prior 54.9Composite PMI 55.1Prior 54.0Spain's services sector continues to hold up well and remains one of the bright spots in the euro area economy. New business continues to pick up with demand conditions are noted to have improved, both domestically and abroad....
Germany leads the way as European stocks rebound strongly to start the day
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,...