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,...
Technology sector holds steady, healthcare plans dive amid market fluctuation
Stock heatmap by FinViz.com Fri, 21 Feb 2025 14:46:05 GMTTechnology sector holds steady, healthcare plans dive amid market fluctuationToday's US stock market saw intriguing shifts across various sectors, marked by steadiness in technology and significant downturns in...
S&P Global US February flash services PMI 49.7 vs 53.0 expected
Prior was 52.9Manufacturing 51.6 vs 51.5 expectedPrior manufacturing was 51.2Composite PMI 50.4 vs 52.7 priorThe January services reading was the lowest since April but this is much worse and the lowest since early 2023.The upbeat mood seen among US businesses at the...
Trump will sign memorandum today to counter digital taxes hated by big tech – report
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 buyers stall the fall at the 100 hour MA.That hold increases the levels importance
The EURUSD fell to the week's lows on Wednesday, testing the 200-hour moving average (MA) and the 38.2% retracement of the February trading range. Support held, leading to a bounce higher. On Thursday, the price extended its recovery, moving back above the 100-hour...
Eyes on Ukraine as intense talks continue. Russia could help fund reconstruction
There are a couple of notable reports on Ukraine today and both point to a near-term conclusion of the war.The first is from Reuters, which reports that Russia could agree to using part of the $300 billion of sovereign assets frozen in Europe for reconstruction in...
USDJPY bounces off the 50% midpoint target area. Is the bottom in place?
The USDJPY moved sharply lower yesterday, testing the high of a key swing area between 149.08 and 149.39, with the low reaching 149.39. In the Asian session, the price dipped further to 149.27, pushing deeper into the swing area and testing the 50% retracement level...
What are the best-performing assets since covid
This week is the five-year anniversary of covid really kicking off and today Deutsche Bank looks back at the performance of a broad range of assets and how they've performed since. They also highlight performance since the Ukraine war, which looks like it's winding...
Canada December retail sales +2.5% vs +1.6% 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,...
Big night for Canada last night, big economic data coming up
Team Canada beat the USA in overtime last night to win the 4 Nations Challenge and that's sure put Canadians in a good mood today.Unfortunately, it will be a short-lived buzz with the economy on uneven footing, Trump threatening tariffs (and annexation) and still...
ForexLive European FX news wrap: Dollar slightly higher in final stretch of the week
Headlines:Markets:USD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures flatUS 10-year yields down 1.5 bps to 4.483%Gold down 0.2% to $2,932.89WTI crude down 0.8% to $71.94Bitcoin up 0.7% to $98,790As we look towards the end of the week, the...
Russia says no interim contact expected before Trump-Putin meeting
Russia says that "there are no specifics yet" on a possible Trump-Putin meeting, so it might even take place after next week. However, they note that both Trump and Putin are keen to talk in person. From the Kremlin:"There is a desire of the two presidents, which they...
Dollar holds steadier so far on the session
The dollar is keeping a little higher on the day but we're still yet to get to the US PMI data later. So far, a slightly weaker French PMI data is weighing on the euro a bit while the yen is down after BOJ governor Ueda warned against "abnormal" moves in the Japanese...
EURUSD Technical Analysis – The focus switches to the US PMIs
Fundamental OverviewThe US Dollar this week has been erasing some of the losses experienced last week after the benign US PPI and the Trump’s reciprocal tariffs announcement. There hasn’t been any notable catalyst this week to support the greenback although some...
Discover Flexible Trading Accounts with HFM
For individuals embarking on their trading journeys, making informed decisions is essential before stepping into the world of online trading. A crucial choice for a new trader is selecting a suitable account that best meets their specific needs and goals.Choosing the...
UK February flash services PMI 51.1 vs 50.8 expected
Services PMI 51.1 vs 50.8 expected vs. 50.8 priorManufacturing PMI 46.4 vs 48.4 expected vs. 48.3 priorComposite PMI 50.5 vs 50.5 expected and 50.6 prior.Key findings:Flash UK PMI Composite Output Index: 50.5 (Jan: 50.6). 2-month low. Flash UK Services PMI Business...
Italy January 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,...
Eurozone February flash services PMI 50.7 vs 51.5 expected
Prior 51.3Manufacturing PMI 47.3 vs 47.0 expectedPrior 46.6Composite PMI 50.2 vs 50.5 expectedPrior 50.2Despite a poor set of readings from France, the euro area economy managed to grow marginally in February. A rebound in the manufacturing sector helped, as services...
USDJPY Technical Analysis – JPY strength resumes as Treasury yields fall
Fundamental OverviewThe US Dollar this week has been erasing some of the losses experienced last week after the benign US PPI and the Trump’s reciprocal tariffs announcement. There hasn’t been any notable catalyst this week to support the greenback although some...
Germany February flash manufacturing PMI 46.1 vs 45.5 expected
Manufacturing PMI 46.1 vs 45.5 expected vs. 45.0 priorServices PMI 52.2 vs 52.5 expected vs. 52.5 priorComposite PMI 51.0 vs 50.8 expected and 50.5 priorKey findings:HCOB Flash Germany Composite PMI Output Index(1) at 51.0 (Jan: 50.5). 9-month high. HCOB Flash Germany...