Headlines:Markets:JPY leads, AUD lags on the dayEuropean equities lower; S&P 500 futures down 0.2%US 10-year yields down 0.7 bps to 4.081%Gold flat at $2,177.42WTI crude down 0.3% to $77.25Bitcoin up 4.8% to $71,688It's a quiet start to the new week in Europe,...
Ready for the first US social media IPO since 2019?
In its filing to the SEC, Reddit plans to raise up to $748 million as it sells about 22 million shares - of which 15.3 million will be Class A common shares. The range for the launch is between $31 to $34 per share, with the fully diluted valuation being near $6.5...
ECB’s Kažimír says should wait until June for first rate 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,...
PrimeXBT Lowers Overnight Fees on Global Markets Including Forex & CFDs
For traders who hold positions overnight, financing fees can significantly impact profitability, especially in volatile markets or during sustained price movements. Excessive overnight fees make it challenging for swing traders and long-term investors to achieve...
USD/JPY nudges lower, eyes on next key technical level
USD/JPY daily chartThe pair hit a low of 146.53 in Asia before recovering back to around 147.00 in the handover to Europe. And as the session gets underway now, we are seeing the pair push a little lower again to 146.64 currently. As the dollar side of the equation is...
SNB total sight deposits w.e. 8 March CHF 477.4 bn vs CHF 478.5 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,...
BoJ To Hike After Economic Growth! The NASDAQ Takes a Nosedive!
The US added 275,000 jobs in February 2024 beating expectations by 80,000. US Average Salary Growth slowed to the lowest growth since March 2022. The US Unemployment Rate rises back to 3.9% after 3 months of no movement. Japanese economists advise the Bank of Japan...
Market Outlook for the Week of 11 – 15 March
This week is expected to be relatively quiet in terms of economic events, although there are some important data releases to keep an eye on. On Monday, there are no notable economic releases, but traders should note that the U.S. and Canada switched to Daylight Saving...
Bitcoin takes another look above $70,000 to start the week
Bitcoin (BTC/USD) daily chart (Coinbase)After a brief dip below $68,000 in earlier in the day, Bitcoin is now racing to fresh record highs above the $70,000 mark. The cryptocurrency took a look at the key level on Friday and over the weekend but buyers held back....
Japan Business Federation head says feeling greater momentum for wage hikes this year
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 11 March 10am New York cut
There are a couple of decent-sized ones for EUR/USD but they are layered across a slight range. As such, the absence of one large expiry in particular is likely to offer little pull to price action on the day. In any case, we are seeing more of a muted tone in markets...
A slower start to the new week beckons in Europe
Major currencies are lightly changed for the most part as we look towards European trading today. The Japanese yen was an early mover, gaining some ground before giving that back as noted here. USD/JPY is now lightly changed near the 147.00 mark, though sellers remain...
China still can’t shake off property market woes
It is being reported by Reuters that Chinese regulators have met with financial institutions and requested large banks to step up support for Vanke. And that includes asking private debt holders to discuss a maturity extension for the developer's debt. For some...
The Japanese yen will stay in focus in trading this week
Yen longs were finally rewarded last week as the currency gained by 2% against the dollar. The BOJ finally got the ball rolling and things are definitely heating up ahead of the policy decision next week. USD/JPY fell to as low as 146.53 earlier but is now trading...
Plenty of big data to watch out for in trading this week
The economic calendar might be a bit of a bore today but don't expect this week to be a quiet one. There are plenty of key risk events to watch out for in the coming days. Here is the list of data releases on the agenda:UK February labour market report (12/03)US...
ForexLive Asia-Pacific FX news wrap: Weekend report the BoJ to abandon YCC next week
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 BOJ meet next week – but this week is an even bigger one for them (wage talk results)
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,...
Weak consumption data from Japan – is it enough to hold Bank of Japan action until April?
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,...
Barrick Gold: Would It Benefit From A Gold Rally?
Gold has closed bullish for three consecutive weeks, leaving an ATH at $2195. As of last week, the yellow metal achieved gains over 4.7%. Increased geopolitical tensions, weak US economic data, increased gold holdings by the central banks, fears over bank run,...
No Fed speakers scheduled today, or the next two weeks! The Blackout period has begun
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,...