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 initial jobless claims, durable goods and GDP coming up next
We get the 'final' Q2 US GDP report today but that's generally not a market mover as now we're just 4 days away from the end of Q3.More important today are initial jobless claims and durable goods orders. I'd put claims at the top of the list.Here is Parker Ross on...
ForexLive European FX news wrap: China uplifts broader markets; SNB cuts, dollar sluggish
Headlines:Markets:AUD leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.8%US 10-year yields down 0.9 bps to 3.771%Gold up 0.8% to $2,678.03WTI crude down 2.8% to $67.77Bitcoin up 1.3% to $64,330China continues to hog the spotlight so far...
US futures stay buoyed ahead of North America trading
The gains picked up during the handover from Asia to Europe, following comments from China's Politburo here. That amplified Beijing's commitment from all of the measures announced this week and also drove Chinese equities to surging gains on the day. S&P 500...
USDCHF Technical Analysis – The SNB decision fails to weaken the CHF
Fundamental OverviewThe US Dollar came under renewed pressure recently following the surprisingly weak US consumer confidence report on Tuesday. The labour market data in the report softened a lot and it generally leads the unemployment rate. The market responded by...
Russell 2000 Technical Analysis – Key level to break before the all-time high
Russell 2000 Technical Analysis – Daily TimeframeRussell 2000 DailyOn the daily chart, we can see that the Russell 2000 got rejected from the cycle highs and pulled back. The buyers will want to see the price breaking higher to increase the bullish bets into a new...
Deutsche anticipates faster rate cut cycle by the ECB going into next year
They are sticking with the view that the ECB will begin delivering back-to-back rate cuts, but starting from December. A further weakening in the economic outlook is the main cause for the shift in their call, after having previously forecasting the ECB to deliver on...
Nasdaq Technical Analysis – Better global growth expectations lead to new highs
Fundamental OverviewThe Nasdaq has been on a sustained rally ever since the last FOMC decision with the market continuing to price in a back-to-back 50 bps cut in November. More recently, the PBoC surprised with strong easing measures as Chinese officials seem to have...
Reliable, Fast, Simple: NordFX Broker Introduces Automated Withdrawal System in Crypto
Since mid-year, any NordFX broker client can take advantage of the automated withdrawal feature. This innovation, among many others, is aimed at further enhancing the quality of service and comfort for the company’s clients. Currently, 84% of withdrawal requests are...
S&P 500 Technical Analysis – Global growth expectations drive the market higher
Fundamental OverviewThe S&P 500 has been on a sustained rally ever since the last FOMC decision with the market continuing to price in a back-to-back 50 bps cut in November. More recently, the PBoC surprised with strong easing measures as Chinese officials seem to...
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https://www.youtube.com/watch?v=2l6rFbpwklo 65세 이상이신 분들은 오늘 내용 보시면 좋을 것 같은데요 질병관리청에서 10월부터 홍보하는 무료로 지원하는 내용이 있어서 알려 드리려고 합니다. 부모님이나 주변에 65세 이상이신 분이 계신다면 오늘 내용 공유해서 도움 주시면 좋을 것 같습니다. #뉴스 #정부지원 #속보 MoneyMaker FX EA Trading...
SNB chairman Jordan: Swiss franc rise a major factor of inflation decline
But sees no risk of deflationFurther rate cuts might be necessary to ensure price stabilityPrimary tool for the SNB will be interest rates but FX intervention could be used if necessaryThe language is not much changed to that in June really. Back then, they noted...
Germany’s leading economic institutes sees GDP contracting again this year
The joint economic forecasts for the autumn now shows that these institutes are expecting the German economy to shrink by 0.1% in 2024. Their previous forecast was for the German economy to grow by 0.3% this year. The projected drop now will follow from the 0.3%...
Market players add to ECB rate cut odds for the remainder of the year
That follows from the report here. And the odds of a 25 bps rate cut for next month are now at ~80%. As for the remaining two meetings combined (the other in December), traders are seeing ~48 bps of rate cuts in total now. But to be fair, that is just a mild step up...
SNB chairman Jordan: Inflation pressures have decreased significantly in Switzerland
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,...
ECB October policy decision reportedly to be “wide open”
The report says that the doves at the ECB are preparing to fight for a rate cut next month after weighing up the softer economic data as of late. The sources say that the poor PMI data and a slowdown in wages are stirring up confidence among those who are in favour of...
Eurozone August M3 money supply +2.9% vs +2.6% 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,...
SNB cuts key policy rate by 25 bps to 1.00% from 1.25% previously
Prior 1.25%Prepared to intervene in FX market as necessaryInflation pressures have again decreased significantly compared to the previous quarterThat reflects the appreciation of the Swiss franc over the last few monthsStronger franc partly contributed to downward...
Gold Technical Analysis – Lack of bearish catalysts leads to new highs
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 open higher, spurred on by surging gains in Chinese markets
Eurostoxx +1.2%Germany DAX +1.1%France CAC 40 +1.2%UK FTSE +0.6%Spain IBEX +0.9%Italy FTSE MIB +0.9%This comes as the Shanghai Composite index closes up by 3.6% to close above the 3,000 mark for the first time since June. Meanwhile, the CSI 300 index closes up by a...