Earlier this week, the fall in the price of bitcoin was tied back to bankruptcy disclosures from FTX showing that it had nearly $7 billion worth of assets, including about $560 million in bitcoin.Today the court approved the liquidation of holdings. The dollar value...
DocuSign Earnings Beat Expectations. Then Why does Stock Continue its Drop?
Sometimes, we only wish to sign a doc and get some money (it’s not a recommendation, and don't try this at home). But generally, it’s exactly what DocuSign facilitates – electronic document processing. The company showed impressive results in its latest report, but it...
US sells 30-year bonds at 4.345% vs 4.335% WI
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 sel to sell $30 billion in 30-year bonds
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,...
NFLX stock falls 3% as company says it’s in no rush to boost margins
Shares of Netflix have come under pressure today as the company's CFO speaks at a Bank of America conference. CFO Spencer Neumann offered a soft guide on operating margins in the 18-20% range, which is shy of the current consensus of 22.1%. He tried to soften that by...
European equity close: Down ahead of tomorrow’s ECB decision
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,...
USD/CAD slides as the risk mood improves, oil bounces
There was persistent talk of a bearish US oil inventory report this week and it seems as though oil sold off ahead of the data, then rebounded when it was confirmed. US imports surged last week and exports plunged and that should be reversed in the week ahead, helping...
US EIA weekly crude oil inventories +3954K vs -1912K expected
Prior was -6307KGasoline +5560K vs +237K expectedDistillates +3931K vs +1303K expectedRefinery utilization +0.6% vs -0.4% expectedProduction estimate 12.9 mbpd vs 12.8 mbpd priorImpld mogas demand: 8.31 mbpd vs 9.32 mbpd priorThat's a big drop in the weekly gasoline...
Fed’s Jefferson sworn in as vice chair
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,...
FXDD Marks 20+ Years of Industry Experience and Innovation
Entering the financial services industry in 2002, FXDD has proved time and again that innovation is the key to staying ahead of the game. With over 20 years of experience in this ultra-competitive sector, the global leader has seen a lot of brokers entering and...
AUD/USD bumps higher as the risk mood improves
The S&P 500 is trading up 9 points or 0.2%, which is an improvement over the flat performance in the pre-market. The optimism has spread to AUD/USD, which is up a handful of pips on the day how.AUDUSD 10 mUS 2-year yields have inched below 5% and that's weighing...
US equities set for a flat open as CPI fails to jar the market
The US stock market isn't reacting much to the CPI report, with futures on the S&P 500 down 1 point. Shares of Moderna are up 3% after the CDC recommended updated covid shots while Ford shares are up 1.5% on an upgrade.Eyes will remain on mega-cap tech stocks,...
US dollar chops after CPI report
US Treasury yields are modestly lower after the CPI report and the dollar is slightly softer. Two-year yield are down to 5.01% from 5.04% ahead of the data while the dollar is generally softer, including against the euro. As you can see though, it's been choppy and...
US August CPI +0.6% m/m versus +0.6% m/m expected
US CPIPrior m/m +0.2%CPI m/m +0.6% versus +0.6% expected CPI y/y 3.7% versus 3.6% expectedPrior y/y 3.2%Core measures:Core CPI m/m +0.3% versus +0.2% expected. Last month 0.2%Unrounded core at +0.278%Core CPI y/y 4.3% versus 4.3% expected. Last month was 4.7%Shelter...
US CPI coming up next. Fed December rate hike pricing rises above 50%
US CPI coreCPI day is finally here with the US data due at the bottom of the hour. The market has been making a hawkish shift ahead of the data, boosting the odds of a December Fed hike slightly above 50% and November not far behind. September is still seen at just 7%...
Ethereum Technical Analysis – The bearish bias remains intact
Ethereum keeps on falling and making new lows as the outlook is turning more and more bearish given the headwinds from global growth and tight monetary policies. All the positive news eventually gets faded, which is another sign that the big picture trend remains...
ForexLive European FX news wrap: Dollar steady ahead of CPI data
Headlines:Markets:NZD leads, AUD lags on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields up 4.4 bps to 4.308%Gold down 0.1% to $1,911.24WTI crude up 0.6% to $89.41Bitcoin up 0.5% to $26,191It was a slow session as markets are caught in a...
Japanese Yen Outlook: Will US CPI Reignite FX Intervention Concerns?
Japanese Yen (USD/JPY, EUR/JPY) AnalysisUeda’s Nod to Rate Normalisation Fades as Focus Shifts to US CPIThe yen made a partial recovery/pullback after the Bank of Japan (BoJ) Governor Kazuo Ueda expressed a view that the bank will have enough data at their disposal to...
US MBA mortgage applications w.e. 8 September -0.8% vs -2.9% prior
Prior -2.9%Market index 182.2 vs 183.6 priorPurchase index 143.7 vs 141.9 priorRefinance index 367.0 vs 388.1 prior30-year mortgage rate 7.27% vs 7.21% priorOverall mortgage applications fell in the past week amid mixed activity. Purchases were up last week but the...
German government to downgrade GDP forecast for the year, sees contraction of 0.3%
This compares with the growth of 0.4% predicted at the end of April, with the government reportedly now expecting the economy to shrink in Q3 and expand only slightly in Q4 this year. Overall, the government is said to anticipate a contraction of 0.3% for the...