The weekly chart of USD/CAD is looking like a big breakout.USDCAD weeklyPerhaps the biggest warning for the loonie today comes from the oil market. Crude is higher today after two days of declines but the IEA is warning about a surprise of 1 million barrels per day of...
EBC and Oxford’s WERD Event Brings Fresh Perspectives on Climate and the Global Economy
EBC Financial Group (EBC), in collaboration with the University of Oxford’s Department of Economics, will convene leading minds from academia and finance on 14 November 2024 for a special edition of the What Economists Really Do (WERD) Series. This event, themed...
Fed’s Barkin: Fed is making great progress but needs to keep it going
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US equity futures flat. Eyes on Disney
US stock futures are flat just ahead of the open while Treasury yields are slightly lower across the curve. The market is weighing the strength of the post-election rally, which has been impressive but won't move in one direction forever.The big winner in the...
US weekly initial jobless claims 221K vs 223K expected
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US October producer price index +2.4% y/y vs +2.3% 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,...
BIT Mining Invests in Prosper’s Native Tokens to Support New Focus on Bitcoin Mining
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency...
Fed’s Kugler welcomes easing in inflation expectations
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,...
BOE’s Mann argues for holding rates firmly until more evidence of diminished inflation
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ECB accounts: It is still too early to declare victory in the fight against inflation
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: Dollar ramps higher as post-election run continues
Headlines:Markets:USD leads, CHF lags on the dayEuropean equities higher; S&P 500 futures up 0.1%US 10-year yields down 0.6 bps to 4.445%Gold down 0.7% to $2,555.08WTI crude up 0.4% to $68.71Bitcoin up 3.1% to $91,434The dollar is ramping higher in European...
Economists expect Eurozone economy to be hit by Trump tariffs early next year
37 of 44 economists expect Trump's proposed tariffs to be implemented early next year34 of 39 economists expect said tariffs to significantly impact the Eurozone economyAs a result of those expectations, economists are also anticipating the ECB to stick with further...
Fed’s Kugler: If disinflation progress stalls, it could call for a pause to 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,...
NZDUSD Technical Analysis – We are testing a key support zone
Fundamental OverviewThe US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed...
The dollar train continues to march on
All aboard now. The dollar train is marching forward on the session, stretching gains across the board. The post-election momentum continues to play out and it's still not the time to be guessing the top just yet. EUR/USD is now down 0.5% to 1.0508 as it corroborates...
Eurozone September industrial production -2.0% vs -1.4% m/m expected
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Eurozone Q3 GDP second estimate +0.4% vs +0.4% q/q 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,...
AUDUSD Technical Analysis – The market expects the Fed to pause soon
Fundamental OverviewThe US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed...
X Open Hub Becomes an Official Exhibitor at the Upcoming FMLS:24
Key players from the financial services industry are looking forward to the latest edition of the highly anticipated Finance Magnates London Summit (FMLS:24), taking place at the historic Old Billingsgate between 18-20 November, in the heart of the City.Now in its...
Floki’s Valhalla Partners with Dubai’s Mall of the Emirates for Landmark Campaign
Valhalla, Floki’s PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game is proud to announce a partnership in the United Arab Emirates (UAE).On Nov. 13, Valhalla unveiled a partnership with Dubai's Mall of the Emirates, marking a milestone...