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 Q3 unit labor costs +1.9% vs +1.0% 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,...
BOE governor Bailey: I will not specify what gradual means for 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,...
What technical levels are in play for your FX trading today
Good morning.The Bank of England cut rate by 25 basis points to 4.75% to kickstart the US session. The vote was 8-1 vote with Catherine Mann as the only member who voted to keep rates unchanged. Governor Andrew Bailey highlighted the ongoing progress in disinflation...
Fed day kicks off with initial jobless claims and Q3 productivity data
Get ready to turn down the political noise and turn up the Fed noise.The FOMC decision is at 2 pm ET and Powell will hold a press conference 30 minutes later. A cut is coming but the big question is how the Fed will react to the 85 bps rise in Treasury yields since...
ECB’s Knot: Increasing trade barriers will create more economic risks
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 governor Bailey: We do not have a specific equilibrium level of interest rate in mind
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 takes a chill pill, BOE cuts bank rate as expected
Headlines:Markets:AUD leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields up 1.5 bps to 4.441%Gold up 0.3% to $2,667.91WTI crude down 1.0% to $70.99Bitcoin down 1.3% to $74,981There wasn't much follow through to the...
BOE governor Bailey: We still need to see services inflation to come down more broadly
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 cuts bank rate by 25 bps to 4.75%, as expected
Prior 5.00%Bank rate vote 8-1 vs 7-2 expected (Mann dissented to keep bank rate at 5.00%)There has been continued progress in disinflationBut domestic inflationary pressures are resolving more slowlyMost of the remaining persistence in inflation may dissipate...
Nasdaq Technical Analysis – The market cheers Trump’s victory
Fundamental OverviewThe Nasdaq tested the all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers like tax cuts and deregulation. One potential bearish reason people are looking at is rising Treasury yields....
S&P 500 Technical Analysis – The stock market looks forward to Trump’s policies
Fundamental OverviewThe S&P 500 soared into a new all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers like tax cuts and deregulation. One potential bearish reason people are looking at is rising...
Eurozone September retail sales +0.5% vs +0.4% m/m 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 soars on Trump’s victory
Fundamental OverviewThe US Dollar rallied across the board yesterday as Trump got elected President of the US. The Republicans won also the Senate and the House giving us a red sweep and therefore high chances of tax cuts.This should be the most bullish scenario for...
The Benefits of Accepting Crypto Payments for Forex Brokers
Cryptocurrency payments have made financial transactions faster and safer. Forex brokers that integrate a cryptocurrency payment gateway can provide these advantages and more for their users. Crypto payment integration results in real-time transaction settlement,...
Dukascopy Bank Celebrates 20 Years of Innovation and Stability in Trading and Banking
Since its founding in 2004, Dukascopy has grown into a trusted, innovative leader in the fintech and online trading space, providing clients with advanced tools and a stable platform for smart financial decisions.Over the past 20 years, Dukascopy has reached major...
Who stands to gain from the rise of AI?
Last week, the tech giants — Apple, Amazon, Alphabet, Microsoft, and Meta — released their quarterly reports, which showed steady revenue and profit growth across the board, pretty much in line with previous ones.However, except for the results of Jeff Bezos’ company...
Deutsche Bank now sees base case for ECB terminal rate forecast at 1.50%
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 Technical Analysis – The US Dollar celebrates the Trump’s victory
Fundamental OverviewThe US Dollar rallied across the board yesterday as Trump got elected President of the US. The Republicans won also the Senate and the House giving us a red sweep and therefore high chances of tax cuts.This should be the most bullish scenario for...
Germany October construction PMI 40.2 vs 41.7 prior
German construction activity slumped further in October, with both activity and new orders declining at a quicker pace. Adding to that is another notable round of retrenchment, highlighting rougher employment conditions. All main sectors showed a decline in activity,...