The strong USD weakness seen after the miss in the US CPI report was completely erased as the US data kept on printing on the hot side with the US Retail Sales Control Group beating expectations by a big margin and the US Initial Claims returning to record low levels....
EURUSD Technical Analysis – Is this a fakout or a fake fakeout?
The miss in the US CPI report caused a big selloff in the US Dollar across the board as the market’s expectations leant on the less hawkish side. The US data though kept on surprising to the upside with the US Retail Sales Control Group beating expectations by a big...
Market Update – July 25 – Investors are Buying into Hopes
Optimism in China’s recovery has made a comeback and investors are buying into hopes that decisive stimulus action from Beijing will boost domestic demand. The Chinese equities jumped on Tuesday, after the country’s ruling politburo vowed to boost employment and...
Eurozone firms’ demand for credit falls to lowest on record in Q2 – ECB survey
According to the latest survey by the ECB, the net demand for loans among euro area firms saw a strong decline in Q2 - falling to an all-time low since the start of the survey in 2003. Adding to that, banks are expecting a further drop in loan demand in Q3 but at a...
Germany July Ifo business climate index 87.3 vs 88.0 expected
Prior 88.5; revised to 88.6Expectations 83.5 vs 83.4 expectedPrior 83.6; revised to 83.8Current conditions 91.3 vs 93.0 expectedPrior 93.7That's the lowest reading since November last year as German business conditions stutter and are deteriorating further to start...
European equities keep little changed to start the day
Eurostoxx flatGermany DAX -0.1%France CAC 40 flatUK FTSE +0.1%Spain IBEX -0.2%Spanish stocks are also keeping little changed after the selling yesterday amid political uncertainty. As for the overall mood, it seems like markets are content to wait things out until we...
USDCAD Technical Analysis – Key levels to watch for a big breakout
Following the big USD depreciation after the miss in the US CPI report, we saw the greenback coming back across the board as the US data kept on surprising to the upside. In fact, the US Retail Sales Control Group beat expectations by a big margin and the US Initial...
AUD/USD keeps the early week bounce going
The stronger Chinese yuan is the main reason helping the antipodean currencies today, with AUD/USD leading gains as it is up 0.5% to 0.6770 currently. The pair continues to keep a bounce off its 200-day moving average from yesterday, but what is the rest of the...
Australian Dollar Surges on China Stimulus Pledge; AUD/USD, EUR/AUD, GBP/AUD Price Action
Australian Dollar Vs US Dollar, Euro, British Pound – Price Setups:AUD jumped on reports that Chinese authorities have pledged to shore up the economy.Key focus is now on Australia CPI data due Wednesday.What is the outlook for AUD/USD, GBP/AUD, and EUR/AUD?...
GBPUSD Technical Analysis – Watch these signs for a possible turnaround
The big USD selloff following the miss in the US CPI report has been recently completely erased as the US data continued to surprise to the upside and keep the chances of a rate hike after the July increase alive. In fact, the US Initial Claims last week beat...
A Beginner’s Guide to Trading with Fxview
Globally recognised and regulated brokerage and a part of Finvasia Group, Fxview is a leading destination for traders starting out. Fxview offers a wide variety of financial instruments for traders to choose from, including over 400 stocks, 70 forex pairs, 11 indices,...
Trade ideas thread – European session 25 July 2023
Have we already gotten to the pre-Fed lull period in markets? I reckon so. The dollar sort of held its ground yesterday, with the move lower in USD/JPY being pared back before the end of the day. The pair is at around 141.40 levels now, consolidating gains after the...
FX option expiries for 25 July 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for AUD/USD at 0.6770 and it sits near the 100-hour moving average of 0.6765 currently, a level which is helping to limit gains on the day. That could play an added role in keeping price...
German Ifo business survey the highlight on the calendar in Europe
We're seeing a steady start to the new day, with the PMI slump from yesterday not really impacting the risk mood all too much. In fact, outside of a sell down in the euro and pound, there wasn't much of an outsized reaction. The focus this week remains on key central...
Steady as she goes in the new day
It's a calmer mood in markets today but Asian stocks are finding reason to rally, helped by China's promise to deliver on measures to bolster the economy. A stronger Chinese yuan fix is adding to that message as well. In case you missed the headlines, Eamonn's got you...
Rising commodity prices could kill soft landing narrative, are “bull market kryptonite”
An analyst at US financial firm Raymond James says not to take your eye off steadying and rising commodity prices. “The rally in equities globally since October has been built partially on the continued decline in commodity pricing, which has helped U.S. and European...
Ahead of the European Central Bank meeting is its Q2 2023 Bank Lending Survey due today
Due at 0800 GMT, which is 0400 US Eastern time. The European Central Bank describe the bank lending survey (BLS):provides information on bank lending conditions in the euro area. It supplements existing statistics with information on the supply of, and demand for,...
ForexLive Asia-Pacific FX news wrap: Chinese markets benefit from Politburo economy pledge
The G3 central bank meetings this week:Federal Open Market Committee (FOMC) on Wednesday, European Central Bank on Thursday, and the Bank of Japan on Friday put a dampener on major FX volatility during the session.The announcement from China’s Politburo promising more...
Chinese state banks seen intervening to support the yuan – intervention to sell USD/yuan
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 mainland and Hong Kong stocks higher after Politburo stimulus pledge
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,...