Here's a snapshot of things at the moment:S&P 500 futures flatNasdaq futures -0.1%Dow futures +0.2%Eurostoxx -0.4%Germany DAX +0.2%France CAC 40 -0.7%UK FTSE -0.4%In Europe, the overall mood is more mixed with only the DAX looking to push up. The German index...
Dow Jones Futures: Sell off might be imminent
The Dow Jones Futures have been trading within a well-established upward price channel since October 2022, with clear instances of both resistance and support interactions within the channel.Key Highlights of the Dow Jones futures chart below:Price Channel...
Eurozone August industrial production +1.8% vs +1.7% m/m 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,...
Germany October ZEW survey current conditions -86.9 vs -84.5 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,...
USD/JPY wrestles with near-term support after nearing 150.00 yesterday
USD/JPY hourly chartThe dollar is trading more mixed on the day, keeping steadier against the rest of the major currencies bloc but down against the yen. I would say there's not too much in that as the USD/JPY retreat looks more like a fall after having nearly clipped...
USDCHF Technical Analysis – The bullish momentum in the USD is waning
Fundamental OverviewThe bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with...
Must-Know Information for Investors: How Election Results Affect Markets
Elections can significantly impact the financial market due to the uncertainty it brings from each candidate's views on specific policy issues, which can cause the market to become volatile.The results of an election, combined with the winners' policy changes in...
IEA cuts 2024 oil demand growth forecast amid China drag
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 economy set to miss growth target in 2024 – poll
China Q3 GDP seen at +1.0% q/qChina Q3 GDP seen at +4.5% y/yChina 2024 GDP growth seen at 4.8% (previously 5.0% in July poll)China 2025 GDP growth seen at 4.5%Economists are pointing to weaker consumption activity as the main drag. And even with improvements set to...
USDJPY Technical Analysis – The USD needs more fuel to keep the momentum going
Fundamental OverviewThe bullish momentum in the USDJPY pair seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with...
Chinese stocks continue down the bumpy stretch of road in the new week
Upon the return from the Golden Week holiday, Chinese equities are finding it tough to sustain the optimism before that. It's been a continuous back and forth battle in trying to push for gains but ultimately, there looks to be some exhaustion - at least for now. The...
European equities mostly a touch higher 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,...
Spain September final CPI +1.5% vs +1.5% y/y 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,...
France September final CPI +1.1% vs +1.2% y/y 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,...
UK August ILO unemployment rate 4.0% vs 4.1% expected
Prior 4.1%Employment change 373k vs 250k expectedPrior 265kAverage weekly earnings +3.8% vs +3.7% 3m/y expectedPrior +4.0%; revised to +4.1%Average weekly earnings (ex bonus) +4.9% vs +4.9% 3m/y expectedPrior +5.1%September payrolls change -15kPrior -59k; revised to...
Germany September wholesale price index -0.3% vs -0.8% m/m 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,...
FX option expiries for 15 October 10am New York cut
There are some large ones on the board for today but may not feature into play given the current spot price levels.The one for EUR/USD is seen at the 1.1000 mark but as the dollar holds firmer, it's not likely to factor into price action in the session ahead. There...
UK labour market report on the agenda in the session ahead
It's a slower start to the day once again but the dollar is keeping in a good spot, building on the gains in October so far. Tensions in the Middle East are fading but it is only oil prices mostly correcting on the back of that. In the equities space, Wall Street...
BOJ seen keeping interest rates unchanged through year-end – poll
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 banks reportedly set to trim rates on ¥300 trillion of deposits as soon as this week
It is reported that the rates on one-year time deposits may drop by at least 20 bps while those for longer tenors may come down by at least 25 bps. The Chinese banks will be guided by the PBOC's interest rate self-disciplinary mechanism to lower rates on a number of...