CryptoAutos, the world’s first blockchain-powered luxury automotive marketplace, has announced the Token Generation Event (TGE) for its native utility token, $AUTOS, scheduled for 11th December 2024 at 12 PM UTC. This event represents a significant development in...
ECB’s Villeroy: Regardless of political situation, France needs to improve public finances
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 Q3 unit labor costs +0.8% vs +1.5% 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,...
Kickstart your trading day. What is moving the markets on June 10, 2024?
As the U.S. and North American trading session begins, broader indices are positive, and U.S. yields are rising, despite Oracle shares falling sharply in premarket trading. The drop comes after the company narrowly missed earnings expectations by a penny and reported...
Forexlive European FX news wrap: Choppy price action as the US CPI looms
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 NFIB small business optimism index 101.7 vs 94.2 expected
The NFIB Small Business Optimism Index rose by eight points in November to 101.7, after 34 months of remaining below the 50-year average of 98. This is the highest reading since June 2021. Of the 10 Optimism Index components, nine increased, none decreased, and one...
USDCAD Technical Analysis – Back at the highs ahead of the US CPI
Fundamental OverviewThe US Dollar continues to consolidate around the highs although it’s stronger against the commodity currencies. In the bigger picture, the market reached the peak in the repricing of interest rates expectations, and it will need stronger reasons...
USD/JPY looks to US CPI report to potentially break ping pong range
USD/JPY daily chartThe pair might be trading a little higher today, up 0.2% to 151.50 but it's not really saying all too much. Looking at the chart above, the most recent bounce comes amid a defense of the 100-day moving average (red line). And since then, buyers have...
USDCHF Technical Analysis – Key levels ahead of the US CPI and SNB events
Fundamental OverviewThe US Dollar continues to consolidate around the highs although it’s stronger against the commodity currencies. In the bigger picture, the market reached the peak in the repricing of interest rates expectations, and it will need stronger reasons...
China shot in the arm already fading away?
The news here yesterday came after the domestic session closed but the Hang Seng index managed to capitalise and rallied to produce over 2% gains. The optimism was largely expected to carry over to today but the mood music hasn't quite turned out that way. That...
German engineering body continues to see fall in production for 2025
Considering the prolonged manufacturing recession in Germany, it's not too surprising to see it finally hit the labour market. The VDMA expects production in 2025 to decline by 2% in real terms, similar to their previous forecast. As for 2024, they see production...
USDJPY Technical Analysis – Eyes on the US CPI report
Fundamental OverviewThe US Dollar continues to consolidate around the highs although it’s stronger against the commodity currencies. In the bigger picture, the market reached the peak in the repricing of interest rates expectations, and it will need stronger reasons...
European indices hold slightly 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,...
Ethereum price prediction – I think it’s still going to $5k but question is from where…
For traders and investors seeking strategic entry points, here's a deep dive into Ethereum's price action, key support levels, and what lies ahead after last week's volatile moves.Weekend Recap: Ethereum's Decline and Key Insights📉 Ethereum Futures dropped nearly 16%...
Germany November final CPI +2.2% vs +2.2% y/y prelim
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China has full confidence in achieving this year’s economic target – Xi
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RBA’s Bullock: I don’t know if we’re going to be cutting rates in February
Cannot describe an exact scenario on what may lead to us cutting rates in FebruaryThere are many configurations in the data that might potentially lead us in that directionBut honestly don't know if there will be a rate cutHave to look at the data and be data drivenWe...
RBA’s Bullock: We did not explicitly consider an interest rate cut today
We looked at what we found since the previous meetingAnd used that to ask the question whether the current policy stance is appropriate or notThe discussion was mostly about the economic changes and the impact on inflationWe have done some scenario analysis on...
RBA’s Bullock: The change in wording today is deliberate
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RBA’s Bullock: We need to think carefully about where we’re going on policy
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,...