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France March flash services PMI 47.8 vs 48.7 expected

France March flash services PMI 47.8 vs 48.7 expected

Prior 48.4Manufacturing PMI 45.8 vs 47.5 expectedPrior 47.1Composite PMI 47.7 vs 48.6 expectedPrior 48.1The euro dips to the lows for the day after the softer readings here. Once again, manufacturing conditions remain a big drag but services activity was also weak in...

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Dollar stays on the backfoot to start the session

Dollar stays on the backfoot to start the session

The dollar sold off after the FOMC meeting yesterday, as Fed chair Powell let the doves out to play. Policymakers also retained the dot plots view for this year, reflecting 75 bps worth of rate cuts. That was enough to trigger a straightforward reaction in markets in...

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France March business confidence 100 vs 98 prior

France March business confidence 100 vs 98 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,...

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Eurostoxx futures +1.1% in early European trading

Eurostoxx futures +1.1% in early European trading

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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FX option expiries for 21 March 10am New York cut

FX option expiries for 21 March 10am New York cut

There are ones to watch out for on the day, as highlighted in bold.They are for EUR/USD and layered around the 1.0900-20 level. Alongside a softer dollar after the Fed yesterday, the expiries should help to keep the pair supported in the session ahead. However, do...

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Gold still on cloud nine ahead of European morning trade

Gold still on cloud nine ahead of European morning trade

After a torrid start to the year, gold has more than made up for it with a record-breaking March month. The precious metal is nearing 8% gains this month, as it roars back to $2,200 after having briefly dipped below $2,000 during February trading.Gold (XAU/USD) weekly...

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ForexLive Asia-Pacific FX news wrap: USD lost more ground

ForexLive Asia-Pacific FX news wrap: USD lost more ground

PBOC Deputy Governor expects around 8% nominal economic growth for China in 2024China's State Planner Vice Chairman flags 6 trln yuan available for government investmentPeople's Bank of China dep gov says still more monetary policy roomBank of Japan Governor Ueda says...

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