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,...
Kickstart your FX trading for March 7 with a technical look at EURUSD, USDJPY and GBPUSD
There is a central-bank tilt in EURUSD and the USDJPY with the focus not on the Fed but on the ECB and the Bank of Japan. The EURUSD is moving lower after the ECB cut their inflation expectations going forward and ECB Pres. Lagarde talked about continued slower...
What will happen to the gold price in 2024 – Octa forecast
Gold is trading above $2,000 per ounce in early 2024. Analysts expect that even later in the year, gold prices may remain above $2,000 per ounce, reaching new historical highs. Among the factors favouring this are geopolitical uncertainty, the likely weakening of the...
Xsolla Debuts Xsolla Wallet, Empowering Developers and Creators
Xsolla, a global video game commerce company, announces Xsolla Wallet, highlighting its commitment to empowering the global creator economy within the video game industry. Our mission is to provide equal access for developers, creators, and everyone in the creator...
Lagarde Q&A: We are more confident on inflation but not sufficiently confident
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: Economy remains weak but surveys point to a pick-up this 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,...
Watch live: ECB press conference with Lagarde
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 international trade for January -$67.4 billion versus $-63.5 billion
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 initial jobless claims 217 K versus 215K estimate
Prior week 215K revised 217Kinitial jobless claims 217K versus 215K estimateContinuing claims 1.906M versus 1.889M estimate.Prior week or continuing claims 1.898 million versus 1.905 million previously reported4-week moving average of initial jobless claims 212.25K...
Canada January trade balance +0.50B vs +0.10B 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,...
Canada January building permits +13.5% vs +5.5% expected
Canada building permitsPrior was -14.0% (revised to -11.5%)The total value of building permits in Canada rose 13.5% in January to $10.8 billionThe residential sector increased 12.6% to $6.5 billion in January, while the non-residential sector grew 14.8% to $4.2...
US Q4 unit labor costs +0.4% vs +0.6% 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,...
USDJPY falls below its 100-day moving average at 147.813
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 lowers inflation forecasts
The inflation scare in Europe is over.The ECB lowered its 2024 inflation forecast to 2.3% this year from 2.7% previously. The ECB said that was mainly on lower energy prices.The 2025 projection was also nudged lower to 2.0% from 2.1% while 2026 was left unchanged at...
ECB leaves key interest rates unchanged in March monetary policy meeting
Prior decisionMain refinancing rate 4.50% vs 4.50% expectedPrior 4.50%Deposit facility rate 4.00% vs 4.00% expectedPrior 4.00%Marginal lending facility 4.75%Prior 4.75%Since last policy meeting in January, inflation has declined furtherCore inflation projections...
The JPY is the strongest and the EUR is the weakest as the NA session begins
As the North American session begins, the JPY is the strongest and the EUR and USD are the weakest (they are battling it out for the weakest crown). The focus day has been on the USDJPY and the JPY crosses as the anticipation for an exit from the yield curve controls...
US February Challenger layoffs 84.64k vs 82.31k 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,...
USD/JPY extends fall and runs into test of key technical level
USD/JPY daily chartThat is the first stop on the way down as highlighted earlier here. The BOJ has gotten the ball rolling on the Japanese yen and we're now just seeing things set in motion.A break below the 100-day moving average (red line) at 147.73 will see buyers...
Has China’s affection for Apple waned?
Despite worsening Sino-American relations, Apple ranked as the second best-selling smartphone brand in China last year. However, it has now slipped to fourth place following a 24% decline in iPhone sales during the first eight weeks of 2024.Apple's stock has seen a...
ForexLive European FX news wrap: Yen jumps on BOJ anticipation, ECB coming up next
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,...