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 Sept wholesale sales +0.8% vs +0.9% 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 November Empire Fed manufacturing survey +31.2 vs -0.7 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 October import prices YoY 0.8% vs -0.1% 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,...
US October retail sales control group -0.1% vs +0.3% 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 retail sales kick off a busy day on the economic calendar
Retail sales are are the highlight of the day as we wind down a busy week with a handful of notable releases.The top one comes early with the 8:30 am ET (1330 GMT) release of US retail sales. The headline consensus is +0.3% but eyes are on the control group, which is...
ForexLive European FX news wrap: Dollar momentum cools in final stretch of the week
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities lower; S&P 500 futures down 0.5%US 10-year yields up 0.7 bps to 4.447%Gold flat at $2,567.24WTI crude down 0.3% to $68.48Bitcoin up 1.8% to $89,798The dollar is seen cooling off in European trading...
Nasdaq Technical Analysis – Just a pullback or the start of a bigger correction?
Fundamental OverviewThe Nasdaq rallied into a new all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers like tax cuts and deregulation. The only bearish reason people were looking at was the rise in Treasury...
Dollar holds lower ahead of retail sales data
Is this where the train stops for the dollar? The post-election run higher has been without much pause but finally we might be getting that today. The greenback is down across the board, retracing just a slight bit of the gains from this week. USD/JPY is the biggest...
S&P 500 Technical Analysis – Another great dip-buying opportunity?
Fundamental OverviewThe S&P 500 rallied into a new all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers like tax cuts and deregulation. The only bearish reason people were looking at was the rise in...
GBPUSD Technical Analysis – The US Dollar rally might have run out of steam
Fundamental OverviewThe US Dollar yesterday weakened across the board despite a higher than expected US Core PPI and Fed Chair Powell acknowledging the need to proceed more carefully with rate cuts from here on. This might be a signal that the market could be fine...
Fed’s Collins: December rate cut is certainly on the table but not a done deal
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,...
EURUSD Technical Analysis – The price fails to break through a crucial level
Fundamental OverviewThe US Dollar yesterday weakened across the board despite a higher than expected US Core PPI and Fed Chair Powell acknowledging the need to proceed more carefully with rate cuts from here on. This might be a signal that the market could be fine...
European Commission sees Eurozone economy picking up in 2025 and 2026
Sees Eurozone economic growth at 0.8% in 2024, 1.3% in 2025, and 1.6% in 2026Sees Eurozone inflation at 2.4% in 2024, 2.1% in 2025, and 1.9% in 2026Of note, they are forecasting the German economy to contract by 0.1% this year as compared to their previous forecast of...
Playnance Launches PlayBlock: The Future of Zero-Gas Blockchain for Trading, Gaming, Web3
Playnance, a leader in Web3 technology, announces the launch of PlayBlock, a cutting-edge Layer-3 blockchain that is transforming the landscape for trading, gaming, and decentralized finance (DeFi). With PlayBlock as the foundation, Playnance aims to drive mass Web3...
Gold Technical Analysis – The correction looks to be over for now
Fundamental OverviewGold is pulling back a bit now after an almost 8% selloff since the US election day. The market didn’t react hawkishly after another hot US PPI report and an acknowledgement from Fed Chair Powell that they can proceed carefully on rate cuts. The...
Italy October final CPI +0.9% vs +0.9% 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,...
EUR/USD pares losses from yesterday as dollar gives some back
EUR/USD daily chartThere was an inevitable pull towards the 1.0500 mark for EUR/USD in trading yesterday. And it did just that with the low touching 1.0495 as sellers tried to give it a go in breaking the key level. They look to be failing on the first try now with...
European indices marked lower at the open today
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,...
France October final CPI +1.2% vs +1.2% 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,...