I posted on this on Monday:Reuters have followed up with a survey:In a survey of 27 market watchers conducted this week, 25, or 92.6%, of all respondents expected a reduction to the five-year LPR on Tuesday. They projected a cut of five to 15 basis points. 7 of the 27...
Forexlive Americas FX news wrap 19 Feb: President’s Day holiday slows the markets in NA
It is a holiday in the US in observance of Presidents Day. As a result, the US stocks, bond and commodity exchanges were all closed for the day. The forex market did trade with limited liquidity and up and down price action.For the USD, the biggest mover was the...
Economic calendar in Asia Tuesday, 20 February 2024 features the RBA and the PBoC
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,...
Trade ideas thread – Tuesday, 20 February, insightful charts, technical analysis, ideas
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,...
These videos are a good start for the technicals for your trading 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,...
Key economic releases & events for the trading week.The key release is an earnings release
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 is pushing higher and keeps a bullish bias. What increases that bullish bias now?
The USDJPY moved lower in the Asian session on Monday, Feb 19, but has since reversed and moved back to the highs. The low corrective price did remain within a swing area that will be the barometer for the pair this week between 149.70 up to 150.158. That keeps the...
Euro Slips In Holiday Thinned Market, Looks Nervously to German PMI
EUR/USD Analysis and ChartsEUR/USD inched lower in the European session.The overall downtrend in place all year remains dominant.Germany’s PMI data later this week could bring some movement.Learn how to trade EUR/USD with our complimentary guide Recommended by David...
EURUSD finds MA technical resistance and support.
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,...
Waiting for the “pragmatic and forceful” action from China
China Premier Li QiangChina's State Council met on Sunday as lunar new year holidays came to an end. Chinese Premier Li Qiang called for “pragmatic and forceful” action to boost economic confidence and that may have helped mainland stocks to a 1.2% gain but there's...
European equity close: Spain perks up, mixed bag elsewhere
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 draft resolution at the UN says major offensive in Rafah should not proceed
Why battle plans are being drawn for Rafah, battle lines are being drawn at the UN.The US is fearful of losing support in the Middle East and appears to be trying to get Israel to back down on plans for an invasion in the south of the country, something that Netanyahu...
The March crude contract looks to wrap up at the highest since early November
March 2024 WTIThe March WTI contract expires tomorrow, so all the volume has gone to the April contract but it's notable that the March contract is going out at three-month high. It's up $0.50 today on very low volume at $79.69.The strong finish could speak to a...
No days off for the US dollar
The US dollar has firmed up in the last two hours despite the US holiday.The dollar is trading at its best levels of the day against the euro, pound, yen and loonie. The moves aren't large but the dollar sold off early in the day and is now 20-30 pips from the...
Gold Trades Higher But Economist’s Concern Regarding Inflation Remain!
Volatility across most markets remains low as both the US and Canadian markets are not trading due to bank holidays. The price of Gold trades higher, continuing the bullish trend from Thursday and Friday. However, will investors continue to purchase gold while...
The Fed and markets are in a rare moment of alignment
It's not often that the market and the Federal Reserve are on the same page.Right now, the Fed's dot plot for this year shows 75 basis points in rate cuts this year while the Fed funds futures market shows 89 basis points in cuts.The market-implied numbers are skewed...
Canada January PPI -0.1% vs -0.1% 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,...
ForexLive European FX news wrap: Quiet tones as US holiday subdues markets
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,...
easyMarkets Named Best Forex/CFD Broker at TradingView Broker Awards 2023
easyMarkets, currently celebrating its 23rd year in the industry, is pleased to announce it has been awarded the title of “Best Forex/CFD Broker” at the TradingView Broker Awards 2023, adding its 51st prestigious accolade to its collection of awards. “We are on a...
von der Leyen wins German backing for second term as European Commission president
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,...