As the NA session begins, the EUR is the strongest and the CHF is the weakest. The USD is mixed to start the new trading week.Last week, was filled with China stimulus announcements from both a fiscal and monetary policy. The stock market soared in response with the...
ForexLive European FX news wrap: Euro nudges up with month-end in focus
Headlines:Markets:EUR leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.3%US 10-year yields up 2.2 bps to 3.771%Gold down 0.6% to $2,641.32WTI crude down 0.7% to $67.73Bitcoin down 3.1% to $63,780And just like that, another month has almost...
Germany September preliminary CPI +1.6% vs +1.7% y/y 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,...
Copper Technical Analysis – Chinese big easing measures trigger a strong rally
Fundamental OverviewLast week, the PBoC announced lots of easing measures ranging from short to long term interest rates cuts. Copper rallied strongly as China makes up for more than 50% of copper demand. Things are starting to look better for the market as we have...
EUR/USD runs up to test the 1.1200 mark again
The euro is sitting higher on the day, with EUR/USD seen up 0.3% to clip the 1.1200 mark. Even EUR/CHF is also driven higher, up 0.6%T to 0.9445 currently. But circling back to EUR/USD, the pair is once again testing key daily resistance at the figure level as buyers...
Italy September preliminary CPI +0.7% vs +0.8% y/y 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,...
Crude Oil Technical Analysis – Focus on the ISM Manufacturing PMI
Fundamental OverviewIn the latter part of last week, crude oil sold off without a clear catalyst. Some people have been citing the FT piece about Saudi Arabia being ready to abandon the $100 target but as Amena Bakr, senior research analyst at Energy Intelligence...
UK August mortgage approvals 64.86k vs 64.00k 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,...
Market Outlook for the Week of 30th September – 4th October
On Monday, the U.K. will release its final GDP q/q data, while Switzerland will publish the KOF economic barometer. In the U.S., Fed Chair Jerome Powell will participate in a discussion titled "A View from the Federal Reserve Board" at the National Association for...
Bavaria September CPI +1.9% vs +2.1% y/y 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,...
SNB total sight deposits w.e. 27 September CHF 472.2 bn vs CHF 465.3 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,...
SNB data shows Swiss central bank was hardly active in FX markets in Q2
SNB foreign exchange transactionsThe data shows that they have clearly moved away from having to sell foreign currencies in 2023 to manage imported inflation. Now that they're over the hill, it's time to focus on the other side. They recently changed their thoughts on...
Gold Technical Analysis – Watch out for the key economic releases this week
Fundamental OverviewGold has been on a sustained rally ever since the last Fed’s decision as real yields fell further due to inflation expectations rising faster than nominal yields. More recently, real yields pulled back a bit, while gold continued to print new...
European equities hold lower to start the final day of the month
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,...
Switzerland September KOF leading indicator index 105.5 vs 101.0 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,...
FX option expiries for 30 September 10am New York 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,...
UK September Nationwide house prices +0.7% vs +0.2% 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,...
Germany August import price index -0.4% 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 Q2 final GDP +0.5% vs +0.6% q/q 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,...
Japan incoming prime minister Ishiba proposes 27 October date for snap election
This just confirms the date as previously reported from quite a number of media outlets earlier in Asia trading. Ishiba will be sworn in as prime minister tomorrow and is expected to revamp the Cabinet positions ahead of the snap election. Yoshimasa Hayashi is...