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 dollar jumps after upbeat services PMI
A big debate in markets so far this year has been whether the real economy would 'catch down' to slumping measures of consumer and business confidence.That debate might be over -- or at least on a break. The S&P PMIs are some of the most-comprehensive measures of...
S&P index gaps above its 100 hour moving average and looks to test 38.2% retracement
S&P index gaps above 100 hour moving averageThe S&P 500 is trading sharply higher, up 83 points (+1.47%) to 5751, as the index tests and briefly moves above the 38.2% retracement of the decline from the February 19 high, which comes in at 5750.19. A sustained...
S&P Global US March flash services PMI 54.3 vs 50.8 expected
Feb final services was 51.0Manufacturing 49.8 vs 51.7 expectedPrior manufacturing was 52.7Composite PMI 53.5 vs 51.6 priorThe services PMI peaked near 57 after the election but it's has trended lower since the tariff talk ramped up. This month, we got a nice rebound...
GBPUSD technical outlook: Key resistance at 1.2988–1.3013, Support Holds at 1.2922 so far
GBPUSD technicalsGBPUSD remains in a bullish posture on the H4 chart. The next upside targets are located at 1.2988 and 1.30139 which are the highs from the last two weeks. Momentum remains favorable for the bulls, especially while price action holds above nearby...
US stock markets set for a strong start to the week
Nasdaq weeklyThe Nasdaq is on a five-week losing streak but poised to rise 320 points at the open. S&P 500 futures are also up 1.2%.It's all about tariffs today with the White House floating a less-aggressive strategy to reporters at Bloomberg and the WSJ over the...
USDJPY extends gains as momentum builds toward key 150.00 resistance
USDJPY extends higher to start the new trading weekThe USDJPY is trading higher to kick off the new trading day and week, continuing the upside momentum seen last week. The pair ended last week up 67 pips or 0.45%, following a volatile up-down-up pattern. So far...
February US national activity index +0.18 vs -0.03 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,...
EURUSD is higher in trading today as there is modest USD selling on less Trump tariffs
EURUSD technicalsThe EURUSD is starting the new US trading day and week modestly higher. The pair seems to be reacting, at least in part, to easing concerns around tariffs following recent comments from former President Trump, as his anticipated "Liberation Day" on...
Eyes on tariffs once again but US PMIs will be a highlight as well
We got some good weekend news on tariffs for a change as Bloomberg's Josh Wingrove reported that tariffs are now planned to be more targeted than threatened."It’s shaping up as more focused than the sprawling, fully global effort Trump has otherwise mused about,...
ForexLive European FX news wrap: Dollar a little lower as risk sentiment picks up
Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 1.1%US 10-year yields up 4.6 bps to 4.298%Gold up 0.1% to $3,027.34WTI crude up 0.7% to $68.75Bitcoin up 1.7% to $87,576There wasn't much in terms of headlines on the...
USDCAD Technical Analysis – We remain stuck in a range
Fundamental OverviewThe USD appreciated a little the day after the FOMC decision although it seemed more like a technical pullback as the central bank didn’t offer anything new. In fact, the Fed just delivered on expectations keeping rates steady, reducing the QT...
ECB’s Makhlouf says not going to comment on April rate cut
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,...
HSBC now sees BOE shifting to cut bank rate once every quarter from September
The terminal rate that the firm sees the BOE cutting to is still 3%, in which they view as "neutral". But "with the near-term cost headwinds", they are revising their forecast timeline in seeing the central bank now cutting once every quarter starting from September....
The risk mood keeps more positive so far on the session
S&P 500 futures are up roughly 1% on the day and that's keeping the market mood in a better spot to start the new week. Tech shares are leading the way after arresting four consecutive weeks of declines in trading last week. Are dip buyers set for a continued...
UK March flash services PMI 53.2 vs 50.9 expected
Services PMI 53.2 vs 50.9 expected vs. 51.0 priorManufacturing PMI 44.6 vs 46.4 expected vs. 46.9 priorComposite PMI 52.0 vs 50.3 expected and 50.5 prior.Key findings:Flash UK PMI Composite Output Index at 6-month high. Flash UK Services PMI Business Activity Index at...
SNB total sight deposits w.e. 21 March CHF 440.4 bn vs CHF 440.7 bn 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,...
Eurozone March flash services PMI 50.4 vs 51.0 expected
Prior 50.6Manufacturing PMI 48.7 vs 48.2 expectedPrior 47.6Composite PMI 50.4 vs 50.8 expectedPrior 50.2It's a tale of two stories when it comes to the Eurozone business activity in March. While the manufacturing print was a 26-month high, the services print slumped...
Germany March flash manufacturing PMI 48.3 vs 47.0 expected
Manufacturing PMI 48.3 vs 47.0 expected vs. 46.5 priorServices PMI 50.2 vs 51.6 expected vs. 51.1 priorComposite PMI 50.9 vs 51.0 expected and 50.4 priorKey findings:HCOB Flash Germany Composite PMI Output Index at 10-month high. HCOB Flash Germany Services PMI...
BYDFi Official Statement: Beware of Phishing Sites and Online Scam Risks
The BYDFi team has reported that they recently identified multiple phishing websites and fraudulent activities targeting its users. As a globally recognized cryptocurrency exchange, BYDFi has become a primary target for cybercriminals attempting to impersonate the...