As the North American session begins, what are the key technical levels and why, are in play?EURUSD: The EURUSD moved above the 100-hour MA on Thursday and extended to the 200-hour MA on Friday. The pair's prive moved to and then just above the 200-hour MA (green line...
ForexLive European FX news wrap: USD/JPY bites into opening gap higher
Headlines:Markets:EUR leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.5%US 10-year yields up 2.5 bps to 4.256%Gold down 0.6% to $2,731.59WTI crude down 5.7% to $67.65Bitcoin up 2.8% to $68,660The main focus in FX was on the Japanese yen,...
UK October CBI retailing reported sales -6 vs 4 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,...
Crude Oil Technical Analysis – Israel spares Iran’s energy facilities
Fundamental OverviewCrude oil was one of the biggest movers today as the price gapped sharply lower following the Israel’s retaliation over the weekend. The reason for the drop is of course the lack of attacks against energy facilities. That’s something that’s been...
Yen losses ease up a little in European morning trade
The pair is still up 0.4% on the day at around 152.90 but has fallen back below the opening gap of 153.23 upon the return from the weekend. The opening gap higher owes to the Japan election result. More on that from earlier: Japanese yen in the spotlight after weekend...
Bitcoin Technical Analysis – Trump or not Trump? That’s the question
Fundamental OverviewBitcoin has been rallying steadily in the last few weeks as Trump winning odds continued to soar in betting markets. The price eventually consolidated around a key trendline as the market might want to wait for the election result now before...
Market Outlook for the Week of 28th October – 1st November
The week begins quietly on Monday, with no major economic events scheduled for the FX market. Be mindful of the daylight saving time shift in Europe, which may affect trading schedules. Bank of Canada Governor Tiff Macklem will speak at a fireside chat about the...
SNB total sight deposits w.e. 25 October CHF 457.4 bn vs CHF 462.3 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,...
Gold Technical Analysis – Rising real yields keep a lid on further gains
Fundamental OverviewThe bullish momentum in gold weakened recently as the pressure from the rising real yields started to weigh on the market. We haven’t got any meaningful catalyst in the last week but there’s been a good argument that the markets have been already...
European equities open higher to kick start the new week
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,...
Japan parliament reportedly to convene special session to vote on prime minister post
It is reported that the incumbent ruling bloc is arranging to convene a special session in parliament to vote on the prime minister post. And that this will likely be arranged for 11 November i.e. two weeks from today. Just a bit of a heads up as Ishiba's fate is now...
Yen still the main mover as we look to the start of the session
Here's a snapshot of dollar pairs as we look to get European morning trade underway today:USD/JPY is still higher by 0.6% but is well off earlier highs at the end of Asia trading around 153.50-60 levels, with the pair now easing back towards its opening gap higher of...
FX option expiries for 28 October 10am New York cut
There is just one to really take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0800 level. Alongside the 100-hour moving average nearby at 1.0802 currently, it is likely to keep a lid on price action in the session ahead. That especially...
ECB’s Wunsch: It is premature to discuss December policy 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,...
Japanese yen in the spotlight after weekend election
It's the first time in 15 years that Japan's ruling coalition loses its majority, with the LDP seeing their number of seats erased from 247 coming into the election to just 191 seats. Together with their coalition partner, Komeito, they only managed 209 seats this...
Reminder: Daylight savings concluded in Europe over the weekend
This serves as just a bit of a reminder and a heads up to the session ahead. For those unaffected, this will mean European markets opening an hour "later" than the time last week. The bright side at least is that there is a lesser lull in the handover to North America...
ForexLive Asia-Pacific FX news wrap: Yen, oil both sharply lower
Citi lowers its Q4 2024 Brent forecast to US$70/bbl (from $74/bbl)Bank of Canada Governor Tiff Macklem is speaking on Monday, October 28, 2024US election - Trump speaker calls Puerto Rico a pile of garbage, immediate backlashReports that McDonald’s (MCD) is to resume...
Citi lowers its Q4 2024 Brent forecast to US$70/bbl (from $74/bbl)
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,...
Bank of Canada Governor Tiff Macklem is speaking on Monday, October 28, 2024
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 election – Trump speaker calls Puerto Rico a pile of garbage, immediate backlash
The US election is very tight with different polls showing different results. Alienating a large swath of voters so close to the election does seem to be risky. A speaker at Trump's rally in New York on Sunday referred to Puerto Rico as a “floating pile of...