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 key technical levels in play for the major currency pairs for October 24, 2024
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 gains cool alongside yields, for now
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.5%US 10-year yields down 5 bps to 4.192%Gold up 0.7% to $2,735.56WTI crude up 1.0% to $71.49Bitcoin up 0.7% to $67,071Bond yields are coming off the boil and that's the...
Which Companies Took Home This Year’s Finance Magnates Annual Awards?
The inaugural Finance Magnates Annual Awards (FMAA) Gala kicked off last night at Lemon Park Venue in Nicosia, Cyprus, drawing some of the biggest name companies and executives in the industry. The black tie event was powered by AWS and constituted the highest...
German wages continuing to grow despite economic headwinds – Bundesbank
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,...
UK October CBI trends total orders -27 vs -28 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,...
GBPUSD Technical Analysis – The greenback’s rally takes a breather
Fundamental OverviewThe USD has been on a hell of a run recently despite the lack of catalysts and no major repricing in interest rates expectations. The main culprit for the recent strength in the US Dollar has been the rally in long term Treasury yields. The yield...
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https://www.youtube.com/watch?v=HLnvx8f77J4 소상공인을 대신해 갚은 은행 빚이 지난해 2023년 1조 7,126억 원으로 2022년 대비 3배 이상 급증했다고 합니다. 이에 심각성을 느낀 금융위원회는 지난 2024년 3월 18일 ‘중소금융권 이자환급’ 사업을 시행한다고 했는데요. 환급 놓치지 말고 꼭 신청하시기 바랍니다. #속보 #대출이자환급 #소상공인 MoneyMaker FX EA Trading...
UK October flash services PMI 51.8 vs 52.4 expected
Services PMI 51.8 vs 52.4 expected and 52.4 prior.Manufacturing PMI 50.3 vs 51.4 expected and 51.5 prior.Composite PMI 51.7 vs 52.6 expected and 52.6 prior.Key Findings:Flash UK PMI Composite Output Index(1) at 51.7 (Sep: 52.6). 11-month low. Flash UK Services PMI...
Gold Technical Analysis – There are signs of caution for the bulls
Fundamental OverviewIn recent days, gold has been making new highs despite the lack of bullish catalysts and the rise in real yields. Nonetheless, we’ve been seeing some quick selloffs at the highs in a potential sign that real yields are starting to bite, and we...
Eurozone October flash services PMI 51.2 vs 51.5 expected
Prior 51.4Manufacturing PMI 45.9 vs 45.3 expectedPrior 45.0Composite PMI 49.7 vs 49.8 expectedPrior 49.6The manufacturing sector in the region continues to keep in contraction territory while services activity is continuing to slow further going into Q4. At the...
Euro gets on the PMI seesaw to start the session
EUR/USD 5-minute chartAt the balance, not too much has changed. EUR/USD was holding around 1.0787 before the data and is now around 1.0792 currently. The stronger than expected showing in Germany is helping to offset downbeat numbers from France. However, both key...
Germany October flash manufacturing PMI 42.6 vs 40.8 expected
Manufacturing PMI 42.6 vs 40.8 expected and 40.6 prior.Services PMI 51.4 vs 50.6 expected and 50.6 prior.Composite PMI 48.4 vs 47.6 expected and 47.5 prior.Key findings:HCOB Flash Germany Composite PMI Output Index(1) at 48.4 (Sep: 47.5). 2-month high. HCOB Flash...
Crude Oil Technical Analysis – We completely erased the geopolitical rally
Fundamental OverviewCrude oil basically erased the entire rally first triggered by the Iranian missile attack against Israel in the first days of October. We are now back to square one as the market awaits the key catalysts in the next few weeks.In the big picture,...
France October flash services PMI 48.3 vs 49.9 expected
Prior 49.6Manufacturing PMI 44.5 vs 44.9 expectedPrior 44.6Composite PMI 47.3 vs 49.0 expectedPrior 48.6The post-Olympic blues is continuing for France and this just reaffirms that underlying conditions remain poor to start Q4. Both services and manufacturing prints...
European equities kick start the day with slight gains at the open
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What’s priced in for the ECB ahead of the PMI data later?
€STR futures are showing odds of a 50 bps rate cut to be ~20% currently. But as per money market pricing yesterday, those odds went up to as high as 40% following this report here. I'd say traders are pricing in something somewhere in between that, and perhaps closer...
France October business confidence 97 vs 98 prior
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ECB’s Holzmann says will cut rates if circumstances, inflation allow for it
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ECB’s Vasle says should keep cutting rates in “measured steps”
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,...