SPGlobal Canada services PMIComposite PMI 51.5 vs 50.7 prior Services PMI rises to 51.2 from 50.4 in October, highest since April 2023Employment growth hits 14-month highInput costs remain elevated despite slowing from October peakExport orders decline accelerates...
Fed’s Barkin: I’m encouraged by where inflation is headed
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,...
UnitedHealthcare CEO Brian Thompson fatally shot in New York
The CEO of UnitedHealthcare was shot dead just before 7 am according to New York's PIX11 news. Brian Thompson heads the group, which is one of the two main subsidiaries of United Health $UNH along with Optum. The company was holding its investor day today and he was...
Dogecoin price prediction
🚀 Why Dogecoin (DOGE) is the Altcoin You Shouldn’t Ignore 🐕💎If you’re thinking about diving into crypto, Dogecoin (DOGE) should be at the top of your altcoin watchlist. What started as a meme has grown into a global crypto sensation, backed by Elon Musk, a strong...
Fed’s Musalem: Time may be approaching to slow or pause rate cuts
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,...
ECB’s Lagarde: Inflation expected to temporarily rise in Q4 and decline next year
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 Q3 labour productivity -0.4% vs -0.2% 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,...
OPEC+ might extend cuts to six months but cuts won’t be deeper – 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,...
US November ADP employment +146K vs +150K expected
ADP employmentPrior was +233K (revised to +184K)Annual pay growth for job-stayers 4.8% vs 4.6% priorJob-changers' pay gains 7.2% vs 6.2% priorServices +140K vs +211K priorGoods +6K vs +22K prior"While overall growth for the month was healthy, industry performance was...
ADP employment data coming up next. What to watch for
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: USD/JPY sticks with the early bounce, ADP up next
Headlines:Markets:USD leads, AUD lags on the dayEuropean equities higher; S&P 500 futures up 0.3%US 10-year yields up 4 bps to 4.261%Gold flat at $2,644.00WTI crude down 0.2% to $69.82Bitcoin flat at $96,039There weren't much of any material headlines in European...
ECB’s Vujčić: I don’t think December decision will be that difficult
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 MBA mortgage applications w.e. 29 November +2.8% vs +6.3% 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 – The top of the range is in sight
Fundamental OverviewThe fundamentals in the crude oil market haven’t changed much in the past month. In fact, crude oil remains confined in a range between the 72.00 resistance and the 67.00 support as the market continues to weigh the future scenarios. On one hand,...
USD/JPY continues run higher to touch 151.00 on the day
USD/JPY vs US Treasury 10-year yields (%) hourly chartFrom earlier: USD/JPY bounce starts to gain some tractionThe traction is certainly building up to a stronger momentum today with the pair now touching the 151.00 mark. As mentioned in the post above, it comes after...
AUD/USD falls back to the lows for the day as the aussie stays heavy
AUD/USD daily chartFrom earlier: Australia GDP Q3 0.3% versus 0.4% estimateAfter the report was released, the aussie dropped and eventually took a run under the key short-term support region of 0.6433-50. There was a slight bounce after as we began European trading...
The Binary Holdings Secures $5 Million from ABO Digital
The Binary Holdings, a $16.9 billion technology leader, today announced a strategic investment of up to $5 million from ABO Digital, a digital asset investment firm providing alternative financing solutions to cryptocurrency projects around the world. This investment...
Eurozone October PPI +0.4% vs +0.4% m/m expected
Prior -0.6%PPI -3.2% vs -3.3% y/y expectedPrior -3.4%Looking at the details, there was an increase in the price of energy (+1.4%), durable consumer goods (+0.3%), and non-durable consumer goods (+0.2%). That is marginally offset by a decline in the price of...
USDJPY Technical Analysis – The chances for a rate hike dwindle
Fundamental OverviewThe US Dollar continues to consolidate around the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025.This was signalled by the lack of...
Noctorial: The Leading Proprietary Trading Firm in Spain
In the ever-evolving world of proprietary trading, Noctorial has positioned itself as a leader in Spain and is rapidly gaining attention across Europe and Latin America. Founded in 2022, Noctorial has become a beacon for traders looking to thrive without risking their...