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USD/CAD buyers hopeful on latest upside break
A stronger dollar and negative risk sentiment has been underpinning the pair recently but it wasn't really until yesterday, that we really saw an upside move with decent momentum. And that comes despite oil prices staying more resilient with WTI crude rising to fresh...
GBP/USD starts to get dragged back into the mud again
And that perhaps says something about the directional bias in the pair at the moment. I mean, if something can't go up on good news.. well there's only one other direction it is heading towards then. We saw the rates market already move in to price in another 25 bps...
USD/JPY continues to look poised in hunt towards 140.00 mark
The pair was one that gave us early hints about the dollar's latest strength, alongside EUR/USD, with the break of the March and early May highs setting up the current upside push. The break above 138.00 was noteworthy and while there was a bit of a pullback on Friday...
EUR/USD at two month-lows as sellers hold their nerve
The pair has been one to provide early hints of the latest dollar strength, alongside USD/JPY, and is now working its way lower after a bit of a bounce at the end of last week. The break under 1.0800 and 100-day moving average (red line) was called into question early...
European equities struggle at the open today
Eurostoxx +0.1%Germany DAX -0.2%France CAC 40 -0.3%UK FTSE -0.4%Spain IBEX -0.2%Tech stocks are the only outperformer on the day, with sentiment buoyed by Nvidia's strong earnings beat. Looking at US futures, S&P 500 futures are up 0.5% and Nasdaq futures up 1.5%...
France May business confidence 100 vs 101 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,...
BOJ’s Ueda reaffirms to patiently continue with monetary easing
Starting to see good signs in the economyBut there is still some ways to achieve inflation target in a stable, sustainable mannerHe's not straying away from the prevailing narrative and the lack of pivot signs isn't really going to do the yen much favours for the...
25억 이상의 자산가들이 필수로 하고있는 4가지 돈 버는 법
https://www.youtube.com/watch?v=Ok6XBh3jKhk 안녕하세요. 돈버는 정보 입니다. 오늘은 부업, 자수성가로 큰 돈을 벌어본 사람들의 공통적인 특징에 대해 알아보는 시간인데요. 제 채널에 많은 영상들이 있지만 그 중에 가장 중요한 건 이런 기본자세부터 잡고 바라보아야 올바른 방향으로 가실 수 있겠다 싶어 제작해봤습니다. MoneyMaker FX EA Trading...
Eurostoxx futures +0.2% in early European trading
German DAX futures +0.2%UK FTSE futures +0.1%After the selloff yesterday, the gains here are rather miniscule really. US futures on the other hand, are indicating a mixed picture though. Dow futures are down slightly with the Fitch headlines here perhaps weighing on...
Ofgem announces lower price cap for energy bills
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 Q1 final GDP -0.3% vs 0.0% q/q prelim
GDP (non-seasonally adjusted) -0.2% vs +0.2% y/y prelimGDP (working day adjusted) -0.5% vs -0.1% y/y prelimWhat initially was supposed to be marginal growth turned out to be flat growth, and is now revised to a contraction in the German economy in Q1. As such, that...
Germany June GfK consumer sentiment -24.2 vs -24.0 expected
Prior -25.7; revised to -25.8The reading still marks an improvement to the previous month, but there are still mixed feelings about the situation in Germany at the moment. While income expectations have improved again, both the propensity to buy and economic...
Trade ideas thread – European session 25 May 2023
And so dollar bulls finally got the much needed break this week, as some hawkish Fedspeak yesterday and another drop in equities validated the technical developments from last week. Adding to that now is further breaks lower in AUD/USD and NZD/USD, alongside a...
FX option expiries for 25 May 10am New York cut
There are a couple today which are of decent sizes for EUR/USD and USD/JPY, but none of which should be too impactful in general.Trading sentiment at the moment is largely dictated by the dollar mood and technicals, so those will be stronger drivers in the session...
A couple of light releases coming up in Europe today
The dollar is holding slightly higher to start the day, though the changes are relatively minor for some major currencies. The greenback is very much in the driver's seat at the moment, as highlighted here.Even with a bit of a pullback higher in US futures today, it...
Dollar stays in the driver’s seat for now
A couple of more hawkish Fed talk and a further drop in equities is fueling the next leg higher in the dollar now. The greenback saw a couple of key technical breaks at the end of last week but it took a while before they started running this week. But now that it...
Bank of England Monetary Policy Committee member Haskel speaking Thursday, 25 May 2023
1630 GMT/ 12:30 US Eastern time: Jonathan Haskel, Member of the monetary policy committee, Bank of Engalnd: Speech at Peterson Institute for International Economics, WashingtonBe prepared for remarks pertinent to traders after surprisingly high CPI data from the UK...
Reports a ship grounded in the Suez canal
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,...
ECB speakers Thursday, 25 May 2023 include de Guindos, Nagel, Centeno, de Cos
0900 GMT/05:00 US Eastern time: Presentation of the ECB Annual Report 2022 by ECB Vice President Luis de Guindos at the ECON Committee in Brussels, Belgium1030 GMT/06:30 US Eastern time: Bundesbank chief Joachim Nagel speaks1330 GMT / 09:30 US Eastern time: ECB member...