Last week was the worst of the year for major US averages with the Nasdaq particularly soft. Today, index futures are higher with S&P 500 futures up 29 points, or 0.6%. Nasdaq futures are up 0.7%.SPX dailyEyes are on Tesla with shares down 3% pre-market after more...
Canada March PPI -0.5% y/y vs -1.7% 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,...
Canada March new housing price index 0.0% vs +0.1% 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,...
What’s coming up in Monday’s North American trade? Not much on the calendar
Happy Monday.Today's North American calendar is a bit of a dud but there is a focus on equities after a six-day slide in the S&P 500. Shares of Tesla aren't helping with a 3% pre-market drop but it's a huge week of earnings so that will be the guide.As for...
ForexLive European FX news wrap: Risk bounces back as market fears ebb
Headlines:Markets:NZD leads, GBP lags on the dayEuropean equities higher; S&P 500 futures up 0.6%US 10-year yields up 3.7 bps to 4.660%Gold down 2.1% to $2,341.79WTI crude down 0.7% to $81.47Bitcoin up 1.5% to $65,915As geopolitical fears ebb, risk is looking to...
Cable extends fall to lowest in five months
It all started with the dollar making some headway two weeks back, before a drop below 1.2500 made things really tough for GBP/USD. There was a brief consolidation phase below the figure level but we're seeing sellers pick up the momentum again in the last two days....
ECB’s Patsalides says central bank decisions are reliant on data
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,...
Gold sees near-term momentum get called into question to start the week
The price action in gold lately has been one that has been hovering just under the $2,400 mark mostly. Buyers tried for a firm break of the key level but ultimately failed to hold a daily close above that. The mood music was also helped by recent geopolitical tensions...
I am buying this dip, IMHO, at TSLA stock before its earnings tommorrow. Here’s how.
I am eyeing Tesla stock before tommorow's earnings report, and starting to buy nowAs equity traders, we're always on the lookout for opportunities that promise a good return against measured risk. Tesla Inc. (TSLA), the innovative electric vehicle and clean energy...
What are the things to watch out for in the economic calendar this week?
The Fed will only be meeting next week but now we're in the FOMC blackout period. And that means there will be no Fed speakers until the rate decision. With that in mind, markets will have to work with the geopolitical risk mood and events on the economic calendar for...
SNB total sight deposits w.e. 19 April CHF 481.3 bn vs CHF 477.9 bn 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,...
GBP/USD, EUR/GBP Outlooks – Sterling Weakens After Bank of England Commentary
GBP/USD and EUR/GBP Analysis and ChartsMost Read: British Pound Weekly Forecast - Lighter Data Week Could Mean Some RespiteOur brand new Q2 British Pound Forecast is available to download for free below: Recommended by Nick Cawley Get Your Free GBP Forecast Get My...
Risk steady but FX not up to a whole lot for now
The market mood is a better one compared to Friday last week. But this is just a slight breather as there were no significant escalation in geopolitical developments over the weekend. In FX, the changes among dollar pairs leave a lot to be desired:The moves are less...
The NASDAQ Gains As Earnings Gain Momentum, But More Bad News For Tesla
Investors turn their attention to the “magnificent seven” and earnings reports as the countdown begins. The NASDAQ and most global indices trade higher on Monday with the NASDAQ leading gains. Investors concentrating on earnings from Meta, Microsoft, Alphabet and...
European equities in a better mood 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,...
Bitcoin technical analysis, bulls looking fine
Welcome to my latest BTCUSD technical update at ForexLive.com. In this Bitcoin-focused analysis, we delve into the intricacies of Bitcoin's price movements and provide strategic insights for both traders and investors. Below, we highlight key observations and trading...
SNB raises minimum reserve requirement for banks
The change will go into effect from 1 July 2024. At the same time, the central bank announces that:"Liabilities arising from cancellable customer deposits (excluding tied pension provision) will in future be included in full in the calculation of the minimum reserve...
FX option expiries for 22 April 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one is for USD/JPY at the 155.00 mark. Similar to the end of last week, this is one to watch as the pair stays underpinned by higher yields and the easing of geopolitical stress on broader markets....
Germany’s industry lobby warns of production slump to continue this year
The industry lobby also notes that exports will stagnate this year, making for a rather uncertain picture for the industry."Industry in Germany has not yet recovered from the cost and demand shocks, from moments of extremely high energy prices and from inflation....
North Korea fires ballistic missile, appears to have landed outside Japan’s EEZ
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,...