Putin and Iran's Pres. Raisi had a phone conversation. According to sources, Putin expressed hope that all parties in Middle East would show restraint.Raisi said he was not interested in further escalation in the Middle East. That is good news but of course Israel is...
Canada March CPI 2.9% y/y vs 2.9% 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,...
US housing starts for March 1.321M vs 1.487M estimate
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Canada March housing starts 242.2K vs 245.0K 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,...
ForexLive European FX news wrap: Dollar stays in cruise control for the most part
Headlines:Markets:EUR leads, AUD lags on the dayEuropean equities lower; S&P 500 futures up 0.1%US 10-year yields up 2.3 bps to 4.650%Gold down 0.4% to $2,371.94WTI crude down 0.2% to $85.19Bitcoin down 0.9% to $62,610The dollar isn't flexing its muscles too much...
Finance Magnates Africa Summit: Networking Tips for Expo Attendees
The Finance Magnates Africa Summit (FMAS:24) right around the corner, offering a wide range of networking and engagement opportunities for participants. Held on May 20-22 in Sandton City, South Africa, the premium event will aim to expand attendees’ networks and gain...
FP Markets Increases its Commodity Offering, Adding Brent Oil, Cotton, and Sugar Futures
In response to increased client demand for flexibility in the commodities market and in line with its commitment to deliver comprehensive trading solutions, FP Markets has announced the expansion of its commodity offering. The move allows traders and investors at FP...
Gold a wee bit choppy after brush up against $2,400 last week
What a run it has been for gold in 2024, and we're still only just four months in. A surging run from $2,000 all the way to $2,400 in a time when the dollar is also holding strong says quite a lot. That especially when traders are also seen paring back rate cut bets...
Treasury yields nudge higher on the session
The selling in bonds is continuing as yields are gradually popping higher in European morning trade. This wasn't supposed to be part of the script for 2024, if you look back at what traders were positioning for back in November and December last year. Yet, here we are...
US trade chief says ‘taking a serious look’ at tools to deal with China
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Eurozone February trade balance €23.6 billion vs €11.4 billion prior
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Germany April ZEW survey current conditions -79.2 vs -76.0 expected
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USDCAD Technical Analysis – Key levels to watch for a dip-buying opportunity
USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate...
Deutsche now sees the ECB delivering 75 bps worth of rate cuts for this year
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ECB’s Rehn reaffirms June rate cut if there are no inflation setbacks
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Italy March final CPI +1.2% vs +1.3% y/y prelim
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Market News – Stocks and currencies sell off; USD up
Economic Indicators & Central Banks: Stocks and currencies sell off, while the US Dollar picks up haven flows. Treasuries yields spiked again to fresh 2024 peaks before paring losses into the close, post, the stronger than expected retail sales eliciting a broad...
Heads up: Fed chair Powell will be making a speaking appearance later today
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GBP/USD Extends Losses as UK Labor Market Shows Signs of Weakness
GBP/USD Analysis and ChartsUK jobs market stalls, real average earnings remain positive.Tomorrow’s UK inflation report looks key for Sterling.Cable may test the 1.2300 area.Most Read: British Pound Weekly – Will UK Data Help Stem the Latest GBP/USD Sell-Off?According...
European stocks struggle at the open, tracking Wall Street losses
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,...