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US and Canada trade data released at 8:30 AM ET

US and Canada trade data released at 8:30 AM ET

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,...

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What is the main purpose of a broker?

What is the main purpose of a broker?

The main purpose of a broker is to act as an intermediary between two parties who wish to buy and sell an asset, which could be stocks, real estate, insurance, or various other commodities. In simple terms, a broker facilitates transactions by providing clients with...

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What is trading and how it works?

What is trading and how it works?

Trading is the act of buying and selling goods, services, financial instruments, or any other items of value between two parties. It can take place in various markets such as stock markets for trading shares of companies, forex markets for exchanging currencies,...

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A smile today could turn to tears tomorrow

A smile today could turn to tears tomorrow

Given the prevailing optimism in financial markets, the long-awaited recession is being postponed again, even though central banks are cautious about tightening monetary policy.Moreover, the Organization for Economic Cooperation and Development revised its 2024 global...

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Market Recap – Cautious Start!

Economic Indicators & Central Banks: Treasuries bounced back after the worst 2-day stretch since June 2022. Dip buying supported along with a solid 3-year note auction & comments from the more hawkish Fed President Mester who could see rate cuts later in the...

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A more tentative mood greets European traders once again

A more tentative mood greets European traders once again

Major currencies are mostly little changed, with the dollar trading more mixed on the day. The only decent mover, and that's also stretching it a bit, is GBP/USD. The pair is up 0.2% to 1.2623 as it looks to come back up to its previous consolidation range. Besides...

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FX option expiries for 7 February 10am New York cut

FX option expiries for 7 February 10am New York cut

There is just one to take note of for the day, as highlighted in bold.That being for EUR/USD at the 1.0725 level. The price action so far today might not be suggestive of one to see the expiries come into play. However, it does run near the December low of 1.0723 -...

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UK January Halifax house prices +1.3% vs +1.1% m/m prior

UK January Halifax house prices +1.3% vs +1.1% m/m prior

Prior +1.1%UK house prices rose for a fourth month in a row, with the average cost of a home now seen at £291,029. Of note, property prices are up 2.5% on an annual basis, its highest since January last year. Halifax notes that:“The recent reduction of mortgage rates...

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