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 advanced goods trade balance for June -87.84 B versus $-91.8 billion 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 221K vs 235K estimate. Continuing claims 1.690M vs 1.750M est.
Initial jobless claims dataPrior week 228KInitial jobless claims 221K versus 235K estimate4 week moving average of initial jobless claims 233.75K versus 237.5K last weekContinuing claims dataPrior week continuing claims 1.754M revised it to 1.749MContinuing claims...
US Q2 advance GDP +2.4% vs +1.8% expected
Final Q1 reading was +2.0% annualizedQ4 was +2.6% annualizedDetails:Consumer spending +1.6% vs +4.2% priorConsumer spending on durables % vs +16.3% priorGDP final sales +2.3% vs +1.4% expectedGDP deflator +2.2% vs +3.0% expectedCore PCE +3.8% vs +4.0% expected (4.9%...
US June durable goods orders +4.7% vs +1.0% expected
Prior was +1.8Non-defense capital goods orders ex-air +0.2% vs -0.1% expectedPrior non-defense capital goods orders ex-air +0.7% Ex transport +0.6% vs 0.0% expectedEx defense +6.2% vs +3.0% priorThis is a good report though not as good as the headline indicates as...
ECB hints that they could perhaps be done with rate hikes
And that is what is weighing on the euro at the moment. In case you missed the decision post earlier, I'll summarise the change below. In June, they said that:"The Governing Council’s future decisions will ensure that the key ECB interest rates will be brought to...
ECB raises key rates by 25 bps in July monetary policy meeting, as expected
Prior decisionMain refinancing rate 4.25% vs 4.25% expectedPrior 4.00%Deposit facility rate 3.75% vs 3.75% expectedPrior 3.50%Marginal lending facility 4.50%Prior 4.25%Inflation continues to decline but is still expected to remain too high for too longExpectation is...
The first look at Q2 GDP highlights a busy US economic calendar today
The ECB decision is imminent and that will be followed by a press conference from Lagarde 30 minutes later, and a podcast from Lagarde at 10:15 am ET (that's new twist).For the US, Powell put a strong emphasis on incoming data and that starts with a full slate at the...
The NZD is the strongest and the USD is the weakest as the NA session begins
The strongest to the weakest of the major currenciesThe NZD is the strongest while the USD is the weakest as the NA session begins. The USDs move to the downside comes despite the Fed increasing rates by 25 basis points yesterday. Today, the ECB follows up with an...
Nasdaq Composite Technical Analysis – Trying to reach a key resistance
The Fed yesterday hiked by 25 bps as expected and left the policy statement basically unchanged. The market was more focused on the press conference to see if Fed Chair Powell would hint to the next policy move. Unfortunately, Powell just repeated that they are data...
ForexLive European FX news wrap: Dollar falls further, ECB coming up next
Headlines:Markets:NZD leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.6%US 10-year yields up 1.8 bps to 3.868%Gold up 0.2% to $1,976.47WTI crude up 0.9% to $79.51Bitcoin down 0.3% to $29,481The dollar was mildly lower in Asia but extended...
이제 바뀝니다! 💰위약금 걱정 없이 바로 현금 받으세요!
https://www.youtube.com/watch?v=23IL4zqvRDU 앞으로는 조금 더 쉽게 통신사를 변경하고 현금 보조금을 더 빨리 받을 수 있게 됩니다. 오늘은 9월부터 변경되는 초고속인터넷 약정 제도하고, 해지해도 위약금이 발생하지 않는 위면 해지 제도 6가지를 소개해 드립니다. #현금지원금 #달라지는정책 MoneyMaker FX EA Trading...
GBPUSD Technical Analysis – Watch this key short-term resistance
The Fed hiked interest rates by 25 bps yesterday as expected and left the policy statement unchanged. The market wanted to see if Fed Chair Powell could offer some hints on their next moves, but unfortunately, he just repeated that they are data dependent and that all...
Mitch McConnell suffers paralysis during press event? Ignites firestorm comments.
The debate about the need for term limits, age limits, and cognitive testing for politicians has reignited following a health scare involving a senior Republican legislator. The controversy is fueled by strong sentiments across party lines, with both Democrats and...
What to expect from the ECB later today and how will the euro react?
The ECB already pre-committed to a 25 bps rate hike today and they will certainly deliver on that. There will be no surprises on that front and markets have already fully priced in such a move. As such, the decision in itself isn't what is going to be what traders...
UK July CBI retailing reported sales -25 vs -9 prior
That's a worrying sign as UK retail sales fell at its fastest pace since April last year. Adding to the woes is that stores are bracing themselves for worse times ahead, with many chains reportedly cutting orders placed with suppliers. Of note, the expectations for...
EURUSD Technical Analysis – Sell the fact on the ECB rate hike?
Yesterday, the Fed hiked by 25 bps bringing the FFR to 5.25-5.50% as widely expected. The statement was left basically unchanged. The market was more interested on the Fed Chair Powell’s press conference to see if he could offer any forward guidance. Unfortunately,...
The Fed and ECB have more in common than you would think
The Fed delivered a 25 bps this week and left the door open for a September move but they were not too pushy about it. There was no explicit guidance to suggest that such a move is a given and they maintained that any move after the summer will be highly dependent on...
Market Update – July 27 – ECB Day!
There were no surprises from the FOMC. As universally expected, the Fed increased the funds rate 25 bps to a 5.25% to 5.50% band. This is the highest since early 2001. Wall Street was mixed all session. The US30 was up for a 13th consecutive session, the best streak...
Dow Jones Technical Analysis – The all-time high is just a touch away
Yesterday, the Fed hiked interest rates by 25 bps bringing the FFR to 5.25-5.50% as widely expected. The policy statement was left basically unchanged, so the market couldn’t get any signal for the next moves. In fact, the focus was not on the decision itself, but on...