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 January durable goods -6.1% vs -4.5% 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 January durable goods orders coming up next
The dominant feature of the Tuesday FX market so far is yen buying after a hotter Japanese CPI reading earlier.That could change after some US economic data today. We start off with durable goods orders at the bottom of the hour. The consensus is calling for a 4.5%...
USDCAD Technical Analysis – Another fakeout or a real breakout?
USDThe Fed left interest rates unchanged as expected at the last meeting while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.The US CPI beat expectations for the second consecutive month with the disinflationary...
ForexLive European FX news wrap: Currencies stay more muted, stocks creep a little higher
Headlines:Markets:JPY leads, GBP lags on the dayEuropean equities slightly higher; S&P 500 futures up 0.2%US 10-year yields down 3.1 bps to 4.267%Gold up 0.4% to $2,037.81WTI crude down 0.3% to $76.85Bitcoin up 4.9% to $57,333It was once again another quiet...
US Treasury secretary Yellen says global outlook is quite favourable
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,...
Gold continues to stick to the latest technical script for now
After yesterday's slight drop, gold is back at it again as it looks to make it seven out of nine days of gains in trading today. The run higher in the last two weeks has been a rather technical one. That considering the rebound off the 100-day moving average (red...
GBPUSD Technical Analysis – “Make it or break it” moment for the pair
USDThe Fed left interest rates unchanged as expected at the last meeting while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.The US CPI beat expectations for the second consecutive month with the disinflationary...
Major currencies stay more subdued so far on the session
It's been a quiet one in Europe as traders seem content to sit on their hands so far this week. It's been a case of markets getting caught in a lull amid a lack of key economic data releases. And not even the usual month-end messiness is able to breathe life into...
FMAS:24 – Traders and Investors in Focus
The Finance Magnates Africa Summit (FMAS:24) is set to take center stage once again this May in South Africa. As one of the biggest summits in Africa in 2024, the premium event will look to shine a spotlight on retail traders across the continent on May 20-22 in...
Dollar selling the play this month-end – Barclays
The model indicates "a moderate USD selling signal against most majors, with a strong signal in EUR/USD". Adding that most of the selling pressure against the dollar "should be seen in non-commodity G10".Meanwhile, Citi's month-end asset rebalancing model suggests...
Why is Bitcoin rising?
Bitcoin's recent meteoric rise has the crypto world buzzing! Here's why the digital gold is shining brighter than ever:🌬️ Bitcoin regulatory tailwinds 📈The buzz around the US's approval of a Bitcoin futures ETF has sent waves of optimism across the market. This key...
Japanese Bond Yields Rise to an 11-Year High Pressuring the BOJ!
Japan’s 2-Year Bond Yield rises to its highest level in more than 10 years. On Tuesday, Japan’s inflation rate declined from 2.3% to 2.0% which was slightly higher than expectations. Japan’s bond yields rise as investors continue to speculate that Japan will move away...
Discover What? Why Discover Stock Skyrockets?
Discover company's stock jumped by more than 10% instantly on the New York exchange. Such a rapid increase is remarkable in itself, but there is more to it. Let’s find out why investors should pay attention to this company and its stock.Discover (also known as...
Eurozone January M3 money supply +0.1% vs +0.3% 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,...
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USD/JPY nudges lower on the session as bond yields weigh
This is arguably the only notable mover on the session thus far. USD/JPY is gradually falling as 10-year Treasury yields are also seen down nearly 4 bps to 4.26% on the day. The pair is now down roughly 50 pips to 150.20 as sellers look to seize near-term...
European equities little changed to kick off the session
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,...
France February consumer confidence 89 vs 92 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 March GfK consumer sentiment -29.0 vs -29.0 expected
Prior -29.7; revised to -29.6German consumer sentiment is seen stabilising but still at a relatively low level. Rising prices and a weaker economic outlook continues to keep a drag on household optimism in Europe's largest economy. GfK notes that:"For the time being,...