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 April Final Services PMI 56.2 vs. 56 expected
Services PMI 56.2 vs. 56 expected and 56.1 prior.Composite PMI 55.7 vs. 55.3 prior.Key findings:Stronger gain in activity, despite slower new business growth.Job numbers increase sharply.Inflation rates remain elevated.Comment:Commenting on the PMI data, Jonas...
What changed after the US NFP report?
Last Friday, the US NFP missed consensus coming in at 175K vs. 243 expected with the unemployment rate ticking higher to 3.9% vs. 3.8% expected. Moreover, the average hourly earnings surprised to the downside with the Y/Y growth rate coming in at 3.9% vs. 4.0%...
European equities a touch higher to kick start the day
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,...
Gold continues to hang in there but buyers not able to seize near-term control
The hourly chart is very much in focus for gold right now:Gold (XAU/USD) hourly chartAs the dollar fell on Friday, the precious metal caught a solid bid to $2,320 initially. But only to run up against offers at the 200-hour moving average (blue line) before being sent...
FX option expiries for 6 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one being for EUR/USD at 1.0750, so that could hold price action from veering off too far during the session. But with the dollar pressured, it could also act as a minor floor before rolling off...
PMIs on the agenda in Europe today
USD/JPY is a notable mover amid a Japanese holiday today, with the pair seen up 0.6% to 153.90 currently. The yen is slumping as dip buyers step back in following a test of the 152.00 mark at the end of last week. Still, the big winner last week was Tokyo as USD/JPY...
Dollar on edge as we look to the new week
A recap of the releases in US trading at the end of last week:That put some pressure on the dollar but the greenback did at least managed to salvage a bit of pride in the latter hours before the weekend. So far today, USD/JPY is the notable mover as it is trading back...
ForexLive Asia-Pacific FX news wrap: USD/JPY jumps 100 pts
Federal Open Market Committee (FOMC) speakers on Monday include NY Fed's WilliamsECB's Lane says Confidence on getting inflation lower is improvingChina's services PMI expansion slowed a touch in April, but remains solid - recapOECD says the Reserve Bank of New...
Federal Open Market Committee (FOMC) speakers on Monday include NY Fed’s Williams
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,...
ECB’s Lane says Confidence on getting inflation lower is improving
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,...
China’s services PMI expansion slowed a touch in April, but remains solid – recap
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,...
OECD says the Reserve Bank of New Zealand has limited space for rate cuts this year
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,...
Australian Treasurer Chalmers says “within reach” of budget surplus
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,...
Heads up for European Central Bank President Lagarde speaking Monday
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,...
China Caixin Services PMI for March 52.5 (expected 52.5, prior 52.7)
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,...
Australian job vacancies April 2024 +2.8% m/m (prior -1%)
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,...
PBOC sets USD/ CNY reference rate for today at 7.0994 (vs. estimate at 7.2127)
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,...
Australian TD/MI monthly inflation April 2024: 0.1% m/m (prior 0.1%)
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,...
New Zealand data: ANZ Commodity Price Index for April 2024: +0.5% m/m (prior -1.3%)
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,...