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,...
EURUSD surges towards 1.1000 level, targeting year-end highs
EURUSD moves toward high ceilingThe EURUSD has traded to a new session high in the US session and is working toward the 1.1000 level and the highs from November and December between 1.1008 and 1.1016. The area is no secret to traders. That dynamic gives traders...
US equity futures retrace about half of yesterday’s decline
S&P 500 futuresYesterday's 1.4% drop in the S&P 500 was the worst since October and seemingly came out-of-the-blue on a late-day rout. It left an ugly mark on the daily chart to signal a potential reversal or consolidation after six weeks of non-stop...
US dollar falls, equity futures jump after US data slate
It's the time of year when it's increasingly difficult to pin down why market moves are taking place. The latest was a drop in the US dollar and surge in US equity futures following GDP, initial jobless claims and the Philly Fed. USDJPY 10 minsThe data itself doesn't...
Philadelphia Fed Business index for December -10.5 vs -3.0 estimate
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 Q3 2023 GDP (third reading) +4.9% vs +5.2% 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 205K vs 215K estimate
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,...
Canada October retail sales +0.7% vs +0.8% 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,...
Angola announces withdrawal from OPEC
Angola has been part of OPEC since 2007 and they alongside Congo and Nigeria, have failed to meet their respective output targets for years now. This resulted in pressure from Saudi Arabia to force them to accept lower output targets for next year. According to...
ForexLive European FX news wrap: Dollar eases in light trading
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities lower; S&P 500 futures up 0.5%US 10-year yields down 0.6 bps to 3.871%Gold up 0.3% to $2,035.72WTI crude down 0.3% to $74.02Bitcoin up 1.6% to $44,172It was a quiet session as trading conditions...
PBOC says will keep liquidity reasonably ample
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,...
UK December CBI retailing reported sales -32 vs -11 prior
The squeeze on UK consumers continue as retailers are reporting a downturn in sales in December, adding to the gloomy outlook heading into next year. The expected sales reading for next month also fell sharply to -41, its weakest since the record low of -62 in March...
GBPUSD Technical Analysis – We are at a key support
USDThe Fed left interest rates unchanged as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. The Summary of Economic Projections showed a downward revision to Growth and Core PCE in 2024 while the Unemployment...
Dollar dominance in global setting still not going away any time soon
If you're still doubting the dollar's importance in every day use, you probably have to wait another year before people start entertaining that argument. The latest numbers from SWIFT this week shows that global payments are still very much all being done with the...
A comparative look at inflation in major economies to wrap up the year
The snapshot is as per below:* data based on OctoberBased on the above, it's more so now a question of inflation persistence rather than extremely high inflation. Sure, core prices are still much higher than the snapshot we're seeing but in general it is also...
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Why Sponsoring and Exhibiting at FMevents Can Elevate Your Brand in 2024
FMevents is the industry leader in premium events for attendees around the world, including three upcoming summits in 2024. This places a premium on brand recognition via sponsors and exhibitors, with FMevents setting a new standard in networking and business...
European equities nudge lower after Wall Street drop yesterday
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,...
Voting Round Now Underway for the UF AWARDS MEA 2024
Nominations for the UF AWARDS MEA 2024 may be closed, but the excitement continues with the live Voting Round and the upcoming Awards Ceremony this January. At stake are some of the most highly coveted honors, where only the winners can truly lay claim to being...
FX option expiries for 21 December 10am New York cut
There are just a couple to take note of on the day, as highlighted in bold.They are expiries for EUR/USD at 1.0900, 1.0955, and 1.1000. Put together, that should keep price action more contained and even more so considering the quiet nature of trading sentiment in...