Fundamental OverviewThe main culprit for the US Dollar strength lately has been the rally in long term Treasury yields. The yield curve has been bear-flattening which is what you would expect with higher growth and potentially higher inflation expectations. There’s a...
ForexLive European FX news wrap: German data briefly excites euro; yields take a step back
Headlines:Markets:JPY leads, GBP lags on the dayEuropean equities lower; S&P 500 futures up 0.1%US 10-year yields down 5.2 bps to 4.220%Gold up 0.2% to $2,780.24WTI crude up 1.2% to $68.00Bitcoin down 0.2% to $72,167It was a packed session with plenty of economic...
US MBA mortgage applications w.e. 25 October -0.1% vs -6.7% 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,...
10-year Treasury yields stay in retreat after brief brush above 4.30% yesterday
US Treasury 10-year yields (%) daily chartThere's no clear catalyst for the roughly 10 bps drop in yields from the highs yesterday. Perhaps month-end rebalancing flows are at play here? That's definitely a consideration alongside the slew of US data for the week,...
Nasdaq Technical Analysis – The market is waiting for the US election result
Fundamental OverviewThe Nasdaq has been mostly consolidating around the recent highs although it managed to rise into a new high yesterday. The election uncertainty is keeping a lid on the bullish momentum for now. In fact, the election is going to be a major event...
Eurozone October final consumer confidence -12.5 vs -12.5 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,...
Eurozone Q3 preliminary GDP +0.4% vs +0.2% q/q 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,...
SNB chairman Schlegel: Ready to intervene in currency markets as necessary
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,...
S&P 500 Technical Analysis – Rangebound price action amid election uncertainty
Fundamental OverviewThe S&P 500 continues to consolidate near the all-time high as the election uncertainty keeps a lid on further gains. The election is going to be a major event for the market with a red sweep seen as the most bullish scenario, while a blue...
Euro pushes higher on German Q3 GDP beat, higher state inflation readings
EUR/USD hourly chartLooking at the near-term chart, buyers are starting to exert more control as they hold the break above the 100 (red line) and 200-hour (blue line) moving averages. The high for the day clips 1.0859 and it comes after a beat in German Q3 GDP...
Xsolla to Launch Xsolla ZK, Advancing Web3 Adoption for Video Games
Xsolla, a global video game commerce company, announces plans to launch Xsolla ZK and introduce a digital backpack of virtual items on the blockchain. Xsolla ZK is powered by ZKsync technology and will drive the continuous growth and expansion of Web3 technologies to...
Italy Q3 preliminary GDP 0.0% vs +0.2% q/q 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,...
Germany Q3 preliminary GDP +0.2% vs -0.1% q/q 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,...
Bavaria October CPI +2.4% vs +1.9% y/y 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,...
Switzerland October UBS investor sentiment -7.7 vs -8.8 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,...
Germany October unemployment change 27k vs 15k 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,...
European equities hold lower at the open to start the session
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,...
Switzerland October KOF leading indicator index 99.5 vs 105.0 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,...
Spain October preliminary CPI +1.8% vs +1.8% y/y 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,...
Spain Q3 preliminary GDP +0.8% vs +0.6% q/q 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,...