Sellers in the USDCHF tried to extend it to the downside in the early New York session, but were thwarted by swing area support between 0.88187 and 0.88251. The low price reached 0.88205 before bouncing back to the upside. That move higher has now taken out the prior...
Google is a serious leader in gen AI. Apple agrees with this new strategic collaboration.
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 March NAHB housing market index 51 vs 48 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,...
Morgan Stanley sees $90 brent coming
There are some smiles in OPEC countries today as oil climbs another $0.60 and consolidates the recent break to the highs of the year.Analysts at Morgan Stanley see the upside momentum continuing. They've bumped up their assumptions for Q3 by $10 to $90 barrel for...
US stocks are moving higher with the Nasdaq index leading the charge
As the trading week get started, the broader indices are leading the way. The NASDAQ index is up 1.5%. The S&P index is up close to 1.0%.A snapshot of the market seven minutes into the open is showing:Dow Industrial Average 96.25 points or 0.25% at 38813S&P...
Kickstart the FX day for March 18 with a technical look at the EURUSD, USDJPY and GBPUSD.
The major pairs in the forex market - the EURUSD, USDJPY and GBPUSD - are off to a slow start with limited and up and down price action. Nevertheless, the major technical levels are still in play that traders will be looking toward for bias and directional clues. In...
Treasury yields continue to press towards the highs of the year
Treasury yields are at the highs of the day as the market focuses on the Bank of Japan decision later and the FOMC decision on Wednesday.The market is anxious that the BOJ slowing its pace of bond buying will put upward pressure on global yields. US 10 year yields...
Canada February PPI +0.7% m/m vs +0.1% 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,...
Canadian PPI and US home builder sentiment on the agenda
Happy Monday.It's a big week with the BOJ later and Fed on Wednesday among other highlights. Today it starts off slowly with Canadian PPI at the bottom of the hour followed by US homebuilder sentiment at 10 am ET (1230 GMT). The other event that will get some...
Bank of England uber hawk Catherine Mann re-appointed
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: Currencies muted awaiting major central bank decisions
Headlines:Markets:NZD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.7%US 10-year yields down 0.4 bps to 4.300%Gold up 0.2% to $2,160.95WTI crude up 0.5% to $80.98Bitcoin up 0.5% to $68,237It was a quiet session as market tones were...
US futures move higher as tech leads the way
S&P 500 futures are now up 0.5% on the day with Nasdaq futures seen up 1.0% ahead of US trading later. Tech shares are the ones on the move as Dow futures are still seen rather flattish at the moment. Meanwhile, European indices are still just slightly higher so...
USD/JPY needs more than just the BOJ to justify compelling downside momentum
After having dropped from 150.00 to 146.00 levels in early March, it looked like the BOJ finally got the ball rolling in USD/JPY. But amid a combination of more cautious trades and higher Treasury yields, the pair failed to muster much strength in chasing any major...
Eurozone January trade balance €11.4 billion vs €16.8 billion 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 February final CPI +2.6% vs +2.6% y/y 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,...
SNB total sight deposits w.e. 15 March CHF 469.2 bn vs CHF 477.4 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,...
China president Xi congratulations Putin on election win, reaffirms continued partnership
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,...
Market Outlook for the Week of 18 – 22 March
We expect a busy week ahead with several significant economic events, but Monday will be relatively quiet, as is often the case, with no major data releases scheduled. Tuesday will bring important announcements for various economies. Japan and Australia will have the...
Swiss industry pleads to the SNB to factor in economic situation in making policy decision
With Swiss inflation looking "under control", the SNB could be one to surprise markets in trading this week. And that is something that the Swiss industry are getting anxious about. And they are now being vocal about that ahead of the central bank's policy decision...
FX option expiries for 18 March 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0900 mark. The expiry is a sizable one and given the lack of appetite in markets today, it should help to play a part in limiting price action in the pair before...