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,...
Weekly Market Recap (15-19 April)
Over the weekend, Iran launched its retaliatory attack against Israel with drones and ballistic missiles. There were no casualties and 99% of the attack was neutralised. Iran eventually said that the matter could be deemed concluded. There was some initial risk on...
Weekly Commodity Market Update: Oil Prices Correct and Supply Concerns Persist
The ongoing developments in the Middle East fueled supply concerns and sparked a wave of risk aversion as investors headed for safety. Hopes for imminent rate cuts from the Federal Reserve diminish while attention is now turning towards the demand outlook. The Gold...
ForexLive European FX news wrap: A round trip for markets as the jitters fade
Headlines:Markets:CHF leads, NZD lags on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields down 4.7 bps to 4.60%Gold down 0.1% to $2,376.72WTI crude down 0.4% to $82.38Bitcoin up 2.2% to $64,910It was all about fading the fear in European...
USDCAD Technical Analysis – Key levels to watch for a pullback
USDThe Fed left interest rates unchanged as expected at the last meeting 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...
BOJ to raise rates again later this year – Reuters poll
The poll shows that no economists are anticipating a rate hike before the end of June. But 21 of 61 economists do see that rates could rise during Q3 this year. Meanwhile, 17 of 55 economists forecast that rates will be raised during Q4 instead. The median forecast...
Netflix Q1 Earnings Preview
As the closing bell approaches, all eyes are turning to Netflix, the streaming giant, poised to release its latest financial report. With share prices hovering around the same level for the past month, can the data dump boost the company's stock?Analysts are...
FX hits the reset button after early day jitters
As for the rest of the major currencies, they are all sitting little changed with one another. The dollar and yen have relinquished most of their earlier gains, with changes among dollar pairs roughly around 0.1% or less currently. It is only USD/CHF that is down 0.3%...
Germany reportedly to raise economic growth forecast for the year
Reuters is reporting on this, citing a source familiar with the matter. The German government is set to raise its growth forecast for the economy this year to 0.3%, up from 0.2% previously. As for 2025, they see the economy growing by 1.0%.On the inflation front, the...
Gold Price Update: Israeli Attack Lifts Safe Haven Appeal, Weighs on Risk Assets
Gold (XAU/USD) AnalysisGold spiked higher, falling narrowly short of the all-time highFX markets captured the flight to safety while US equity markets were shutGold volatility index eyed ahead of the weekendGet your hands on the Gold Q2 outlook today for exclusive...
US futures erase the earlier drop from Israel-Iran fears
S&P 500 futuresAt the low earlier, S&P 500 futures were down by roughly 1.7%. It is now down just 0.4% as European markets open for trading. The improvement in the mood owes much to the fact that Iran has downplayed the attack from Israel. And also that they...
European indices open the day in the red
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,...
Senior Iranian official reportedly says there is no plan for immediate retaliation
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,...
FX option expiries for 19 April 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD at 1.0640-45 with about €1.9 billion in expiries lined up. It's not a technically significant region but the expiries could look to hold off any upside price action before...
Germany March PPI +0.2% vs +0.1% 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,...
UK March retail sales 0.0% vs +0.3% 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,...
UK retail sales on the agenda in the session ahead
In any case, the focus at the moment is more on the broader market mood. Risk sentiment was rocked earlier by news of Israel striking Iran. But we're seeing those fears fade slightly after Iran played that all down and doesn't seem interested to retaliate.Still, this...
Report says early assessment is that Iran will not be retaliating against Israel tonight
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,...
Iran media denies reports of a foreign attack on Iranian cities, including Isfahan
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,...
The final stretch of the week looks to be a nervy one
Just when you thought markets would begin putting this episode behind, the barrage of headlines just had to hit right on a Friday. It is reported that Israel made multiple strikes earlier here but Iran has been playing that down in response. It's shaping up to be a...