Fundamental OverviewYesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction.The first is that at the same time of the US CPI release we got the US Jobless Claims figures...
EURUSD Technical Analysis – The market needs more to extend the USD gains
Fundamental OverviewYesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction.The first is that at the same time of the US CPI release we got the US Jobless Claims figures...
EUR/USD continues to keep near key support level for now
EUR/USD daily chartThere is a light extension to the narrow range today with the pair now clipping 1.0950. That being said, it is still keeping within a ~23 pips range only for the day. There are some large option expiries as well at 1.0930 and 1.0950 that should...
USDCAD Technical Analysis – We are near a key resistance
Fundamental OverviewYesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction.The first is that at the same time of the US CPI release we got the US Jobless Claims figures...
IC Markets Announces the Launch of Season 5 of ICYT, Produced by Bloomberg Media Studios
IC Markets is excited to announce the launch of the highly anticipated fifth season of IC Your Trade (ICYT), produced in collaboration with Bloomberg Media Studios. This season brings a sharper focus on the latest market developments, offering traders timely insights...
Fed’s Goolsbee: Inflation has cooled, labour market remains strong
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,...
A quiet start to the session so far
Major currencies aren't showing much appetite with dollar pairs keeping lightly changed still in the opening hour in Europe. Here's a snapshot of things so far on the day:Dollar pairs are pretty much keeping within 0.1% change with narrow ranges prevailing for the...
USDJPY Technical Analysis – The US CPI fails to trigger a breakout
Fundamental OverviewYesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction.The first is that at the same time of the US CPI release we got the US Jobless Claims figures...
Germany September final CPI +1.6% vs +1.6% 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,...
More US data and Fed speak to keep markets interested as the week winds down
The two key releases above will be ones to watch but after the bigger ones yesterday, it might be a tall order to trigger markets into moving really. As mentioned here, it seems that the bar is relatively low now for the Fed to move by 25 bps. And for a pause next...
Dollar push and pull yesterday but didn’t move a whole lot in the end
In case you missed the key headlines:The inflation numbers were higher than estimated while initial jobless claims jumped up as well, with little hurricane-related impact to note. The dollar posted gains on the back of that but it was all quickly erased. That before...
ForexLive Asia-Pacific FX news wrap: Major FX trades mainly sideways
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,...
Israel’s army said its killed top commander of Palestinian militant group Islamic Jihad
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,...
Elon Musk just unveiled the Robotaxi at Tesla’s “We, Robot” event
The Robotaxi on display at the event has no steering wheel, no pedals. Fully autonomous apparently. Musk says 50 built so far. TSLA shares have caught a bid. It probably doesn't need to be said, but be careful of overhyped promises from events like these.. Musk says...
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TGI … more Fed speakers again today! Logan, Bowman, Goolsbee all on the agenda
I posted earlier:Logan and Bowman are prime candidates for dropping 'pause' comments (IMO). None of the topics in any of these speeches seem conductive to remarks on the economy nor policy. Perhaps in any Q&A. 1345 GMT / 0945 US Eastern time: Federal Reserve Bank...
China will follow up Saturday’s stimulus briefing with another on Monday
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,...
More rate cuts to come from the Bank of Korea
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,...
IKEA calls for more China stimulus as sales slip
Info via Reuters - IKEA calls for more China stimulus as sales slipIKEA urges China to deploy further economic stimulusChina accounted for 3.5% of Ingka Group's global sales, down from 3.6%IKEA opened new Shanghai store in September, now has 39 stores in ChinaPrice...
Reminder – Hong Kong marekts are closed for a holiday today
Hong Kong Exchnage is closed for a holiday today. Northbound and Southbound channels (Stock Connect) are closed.Mainland Chinese markets are open. ---***Shanghai-Hong Kong Stock Connect is one:a mutual market access program through which investors in each market can...