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 February durable goods orders +1.4% vs +1.1% 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,...
US durable goods and consumer confidence highlight the economic calendar today
Bridges are like economies. Everything is working just fine and then one day a ship crashes into a support and the whole thing comes crashing down.Overnight in Baltimore:Other times, cracks slowly appear. That's what we're watching for in the economic data and today...
BOC’s Rogers: Low Canadian productivity is an emergency
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,...
USDCAD Technical Analysis – Key support zone in sight
USDThe Fed left interest rates unchanged as expected with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower.Fed Chair...
ForexLive European FX news wrap: Dollar holds lower, stocks creep higher again
Headlines:Markets:NZD leads, CHF lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields down 1.3 bps to 4.239%Gold up 1.1% to $2,196.42WTI crude up 0.2% to $81.56Bitcoin down 0.4% to $70,655It was a slow session in terms of headlines but...
Equities in a better mood so far on the session
S&P 500 futures are now seen up 0.4% with tech shares leading the way once again. Nasdaq futures are up 0.6% and that is underpinning the overall risk mood in European morning trade. In Europe itself, regional indices are climbing after a more tentative start. And...
Dollar continues to get checked back to start the week
The moves are relatively light but it continues from the slight drop in the dollar from yesterday. And that follows from the stronger gains at the end of last week for the greenback. As such, it is looking to be a case of the dollar getting checked back so far to...
ECB’s Muller: We are closer to the point to start cutting rates
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,...
BOE’s Mann: Markets are pricing in too many rate cuts
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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BOE’s Mann: It was time to move away from a rate hike
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,...
North Korea shuns proposed summit with Japan
North Korea further says that a summit with Japan is not in its interest. Hence, the rejection of the proposal. Kim Jong Un's sister and senior official, Kim Yo Jong, had earlier said that:"If Japan continues to try to interfere with our exercise of our sovereign...
Spain Q4 final GDP +0.6% vs +0.6% q/q 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,...
Large ship collides with Francis Scott Key Bridge in Baltimore, causing it to collapse
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,...
Japan business federation chief says USD/JPY above 150 is excessive
So far, all we're getting is verbal interventions from Japanese officials with regards to the yen. That has helped somewhat to curb any further drop in the currency but it is not turning things around. For Japanese businesses, importers in particular are suffering as...
Germany April GfK consumer sentiment -27.4 vs -27.9 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 – Key levels to watch out for
USDThe Fed left interest rates unchanged as expected with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower.Fed Chair...
FX option expiries for 26 March 10am New York cut
There are a couple of large ones to be wary of for the day, as highlighted in bold.The first ones are for EUR/USD, layered at the 1.0860-70 level. That coincides with some technical layers that could keep a lid on price action in the session ahead. Of note, the 100...
Another light one on the data docket in Europe today
Major currencies are in a bit of a rut so far today, seeing little changes overall. That comes after the dollar was down slightly yesterday, now checking back against some key technical lines as noted here. Besides that, equities are pretty much consolidating at the...