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,...
RBC forecasts a much weaker yuan in 2025, project USD/CNY to 7.55 by year end
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,...
Arrest of South Korean President Yoon being attempted, mkt stabilization measures promised
Yonhap (South Korean media) is reporting that around 2,700 police officers are deployed to ensure that the arrest of impeached South Korean President Yoon Seok-yoel goes without incident. Yoon's December 3rd Emergency Martial Rule declaration has triggered the order...
UK fin min Reeves warns to consider cuts to front line services
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,...
Central bank speakers swing into action from Friday 03 January – Fed’s Barkin
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,...
HSBC says the hawkish Fed pivot has triggered the “Danger Zone” across multiple assets
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 Americas FX news wrap: The US dollar picks up where it left off
Markets:USD leads, GBP lagsWTI crude oil up $1.39 to $73.11US 10-year yields down 1.6 bps to 4.56%Gold up $34 to $2658S&P 500 down 0.2%.The US dollar was a strong performer to start the new year, it came out, I think it was more about the moves in capital flows...
Economic calendar in Asia – 03 January 2025 – a quiet one for major FX
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,...
Trade ideas thread – Friday, 3 January, insightful charts, technical analysis, ideas
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 stocks finish moderately lower after a lively ride
AI imageStocks started strong, with futures particularly high, but there was some profit-taking right out of the gate, especially in high flyers like Tesla and Apple. For tax reasons, many investors were to waiting for the new year to take profits, and some high...
Biden discussed plans for striking Iran if it moves towards building a nuclear bomb
Axios reports that US President Biden was presented with options for a potential attack on Iran's nuclear facilities if Tehran moves towards a nuclear weapon before Jan 20.The meeting took place 'several weeks ago' and Biden "did not green light a strike during the...
What is it about the pound on the first trading day of the 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,...
US stocks slump to the lows of the day
AAPL dailyThe early optimism in US stock markets has faded.The S&P 500 is down 35 points, or 0.6% with all the selling coming in the past hour. Particularly notable are the declines in Tesla (6.8%) and Apple (-3.1%). Tesla had poor sales numbers while Apple is...
US 30-year fixed mortgage rate edges up to 6.91% from 6.85%
Optimism is high for many sectors of the US economy in 2025 but one area that's slumped since the election is home builders. That's co-incided with better economic data since September and rising 30-year bond yields.There is a psychological barrier at 7% that scares...
Why the US dollar is so strong to start the year
The US dollar as the top performer in 2023 and 2024. So far, 2025 is much the same as the US dollar surges to start the year. It's up more than 1% against the euro and pound and is outshining every other major currency.In terms of economic news, there wasn't much...
European equity close: Solid start to the new 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,...
The euro rings in the new year by falling to the worst since 2022
gold daily chartThe best thing you can say about the euro is that it's so hated that sentiment can hardly get worse.Then again, you could have said that on New Years Eve and it's down 100 pips to start the year. As they say, it's always darkest...before it goes...
EIA weekly crude oil inventories -1178K vs -2800K 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,...
Gold shines to start the new year after a disappointing December
December is historically a very strong seasonal time for gold but prices fell in the month for the first time in eight years. The December decline was mild from $2653 to $2623 but it was a disappointment after the month began with China's central bank announcing that...
The pound was the second-best performing major currency in 2024. So far in 2025, it’s weak
GBPUSD daily chartA technically-driven move is undoing the pound on the first real trading day of 2025.2024 wasn't a great year for the pound but it mostly kept pace with the US dollar due to a hawkish stance at the Bank of England relative to other developed market...