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 Q2 current account deficit -266.8B vs -260.0B 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,...
September Philly Fed +1.7 vs -1.0 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,...
US initial jobless claims 219K vs 230K estimate
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 Fed put wins
It was a cruel, counter-intuitive squeeze in markets in the immediate aftermath of the Fed decision. It was something of a 'sell the fact' trade but Asian markets had a look at the state of play and decided that sometimes a cut is just a cut, not a sign of panic.As I...
ForexLive European FX news wrap: BOE hold rates, dollar falls as equities jump post-Fed
Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 1.7%US 10-year yields up 2.4 bps to 3.709%Gold up 1.1% to $2,587.63WTI crude up 0.9% to $71.58Bitcoin up 3.9% to $62,558The central bank bonanza continued with the BOE...
BOE leaves bank rate unchanged at 5.00%, as expected
Prior 5.00%Bank rate vote 8-0-1 vs 7-0-2 expected (only Dhingra dissented, wanting to cut by 25 bps)Need to be careful not to cut rates too fast or by too muchMost MPC members think in the absence of material developments, a gradual approach to removing policy...
Fed still on track to cut rates by 125 bps in total for 2024 – Citi
As such, they are maintaining their outlook for the Fed to cut by 50 bps in November before closing things out with a 25 bps cut in December. The latter is changed as Citi did previously expect the Fed to go by 25 bps yesterday before moving by 50 bps in November and...
Nasdaq Technical Analysis – Rate cuts into soft landings are bullish
Fundamental OverviewYesterday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with the dot plot...
S&P 500 Technical Analysis – The market likes rate cuts into resilient economy
Fundamental OverviewYesterday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with the dot plot...
Dollar struggles on the session, equities ramp higher as well
We're seeing fresh highs now for the euro, pound, and the commodity currencies against the dollar. EUR/USD is up 0.5% to 1.1170 with GBP/USD also up 0.5% to 1.3280 currently. AUD/USD in particular is seeing a strong jump to its highest levels for the year, up 1% to...
ECB’s Schnabel: Sticky services inflation is keeping headline inflation at elevated level
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,...
0xProcessing Now Supports ETH and USDC Launched on Base Chain
0xProcessing, a crypto payment gateway with its own proprietary blockchain infrastructure and high level of security, today announced that it now supports Base, an Ethereum Layer-2 blockchain network, with ETH and USDC being the first coins to be supported by the...
USDCHF Technical Analysis – The USD rallies on less dovish 2025 projections
Fundamental OverviewYesterday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with the dot plot...
5000+ Forex Companies Attending Forex Expo Dubai 2024
Largest Gathering with 20000+ Visitors and 200+ Exhibitors marking it as one of the largest Expo in the world with just 2 Weeks remaining the excitement is building to date. Forex Expo Dubai 2024 will bring together Top Industry Leaders, renowned guest speakers, and a...
Best Time to Trade Forex for Beginners
For newcomers to the world of foreign exchange trading, one of the most crucial decisions is determining the optimal time to engage in the forex market. Unlike traditional stock markets, the forex market operates 24 hours a day, five days a week, presenting both...
2024년 소상공인, 자영업자 혜택 신청하세요!! 주변 지인에게 알려주세요~
https://www.youtube.com/watch?v=nfURTHcTXpg 주변에 소상공인, 자영업자 지인이 계시는가요? 그렇다면 오늘 영상 꼭 공유해 주셔서 이번에 새로운 지원 혜택 받을 수 있도록 도움 주시면 좋겠습니다. 2024년 11월에 지원 혜택이 늘어난다고 하는데요. 어떤 것들이 있고, 어떻게 지원받을 수 있는지 알고 있어야지 잘 신청하고 대처할 수 있겠죠. 다양한 혜택을 받는 방법을 알려드리겠습니다. #고용노동부 #속보 #뉴스 MoneyMaker FX EA...
Eurozone July current account balance €39.6 billion vs €50.0 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,...
USDJPY Technical Analysis – “Hawkish” 50 bps cut?
Fundamental OverviewYesterday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with the dot plot...
USD/JPY erases gains for the day as post-Fed reaction weighs
The dollar is lower in European morning trade, as the post-Fed reaction is starting to weigh more heavily now. USD/JPY traded to a high of 143.94 in Asia but has been dragged all the way back down now to roughly flat levels on the day at 143.18.USD/JPY hourly...