Canada CPI the lowest since March 2021Prior month 2.5%(it came in as expected)CPI MoM -0.2% vs 0.0% expected.Prior MoM +0.4%THe YoY of 2.0% is the lowest since March 2021. Core measures: CPI Bank of Canada core YoY 1.5% vs 1.7% last monthCPI Bank of Canada core MoM...
US August retail sales control group +0.3% versus +0.3% 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,...
Canada August housing starts 217.4K vs 252.5K 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,...
The AUD is the strongest and the CAD is the weakest as the NA session begins
As the North American session begins, the AUD is the strongest and the CAD is the weakest. Having said that, the top to bottom ranking is scrunched together with little separating the winners and losers. The market is awaiting key data is my guess. Today, the FOMC...
Will today’s US retail sales report be the FOMC tie-breaker?
US retail sales control groupEyes are on the US retail sales report today, and the 'control group' in particular that excludes the volatile components on autos, gasoline and building materials. The consensus is for a +0.3% reading to match the prior month.Going into...
Forexlive European FX news wrap 17 September – German ZEW falls to a 10 month low
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,...
Will the US retail sales later mess up the Fed odds even more?
Last month, July retail sales nudged up by 1.0% and beat estimates here. Ten out of the thirteen categories showed an increase, so that helped. But this time around, the estimate is for headline retail sales to show a 0.2% decline. That said, ex-autos is estimated to...
AUDUSD Technical Analysis – Expectations for a larger Fed cut weigh on the USD
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
FP Markets Wins Treble at The Global Forex Awards
Following recent success at the Finance Magnates Pacific Summit in Australia earlier this month, multi-asset Forex and CFD broker, FP Markets, was presented with three coveted Global Forex Awards at a ceremony held at the La Caleta in Limassol on Thursday 12...
Dollar holds lightly changed on the day
The changes among the day remain light, with dollar pairs all holding within 10 pips change currently. It's just one of those days where even if there are any moves, one shouldn't look too much into it. At this point, it's all about the Fed tomorrow.USD/JPY was a bit...
Gold rally stalls as traders wait on Fed decision
Gold (XAU/USD) hourly chartGold jumped higher in trading last week to fresh record highs but the latest leg is falling just shy of the $2,600 mark. Buyers are still in control but it looks like we might have to wait until the Fed tomorrow before deciding on where to...
GBPUSD Technical Analysis – The pair rallies on larger Fed cut expectations
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
Germany September ZEW survey current conditions -84.5 vs -80.0 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,...
EURUSD Technical Analysis – The greenback suffers from higher 50 bps chances
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
USDJPY Technical Analysis – The USD stays under pressure on a larger cut chance
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
European indices hold higher to start the day
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 17 September 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one is for EUR/USD at the 1.1125 level. It rests at the 38.2/61.8 Fib retracement level of the swing lower since August, so there's that. But if anything else, the expiries could just keep price...
The bond market stays in focus in run up to the Fed tomorrow
US 2-year Treasury yields (%) monthly chartThat is one of the key charts to watch in markets at the moment. 2-year yields remain heavy close to the 3.55% mark but bond players will have to wait for vindication from the Fed tomorrow still. Besides that, 10-year yields...
New Zealand Treasury see more positive data, but no firm sign of a recovery just yet
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,...
ForexLive Asia-Pacific FX news wrap: Yen volatility again
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,...