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,...
Bundesbank says Germany is likely in recession now
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,...
Major currencies feeling rather uninspired so far today
From earlier: Long weekend in the US casts a shadow over markets to start the weekThe changes among major currencies are leaving a lot to be desired. We're essentially in a three-day weekend as traders struggle to find much appetite to start the new week. The narrow...
Forex Expos in Africa 2024: A Gateway to Emerging Markets
The importance of Forex expos in 2024 cannot be overstated as these events play a pivotal role in connecting industry professionals, fostering knowledge exchange, and addressing the evolving landscape of emerging markets. As the Forex market in Africa experiences a...
What is Forex Trading?
Forex trading, also known as foreign exchange trading or currency trading, involves the buying and selling of currencies on the foreign exchange market with the primary goal of making a profit. The Forex market is the largest financial market in the world, with a...
What Are the 4 Types of Trading?
There are four primary types of trading that investors typically engage in the financial markets. Each type has its unique strategy, time frame, and risk profile.1. Day TradingDay trading is perhaps the most well-known form of active trading, where traders buy and...
What are the key economic releases on the agenda in trading this week?
In trading last week, we got a slew of major US economic data releases. This week will be much lighter in comparison but let's take a look at what are the items that could impact trading sentiment in the days ahead.RBA February monetary policy meeting minutes...
SNB total sight deposits w.e. 16 February CHF 477.1 bn vs CHF 482.3 bn 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,...
Tickmill Wins Top Spot for its Commissions & Fees at ForexBrokers.com 2024 Annual Awards
Tickmill, a leading multi-asset broker, has once again claimed the #1 position in the Commissions & Fees category at the ForexBrokers.com 2024 Annual Awards. It is the fourth consecutive year that Tickmill has dominated this category, further solidifying its...
Market Recap – China Back, US closed!
Economic Indicators & Central Banks: Chinese stocks climbed slightly as China returned from the long New Year holidays. Modest gains showed that investors are worried about the longterm outlook. Much of the economy’s sluggishness is a function of the...
European equities take a breather after last week’s gains
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 19 February 10am New York cut
There aren't any major expiries to take note of for the day. And as a caveat, please take the figures from Tuesday to Friday with tentative caution. I suspect the source for the future expiries are a little wonky so I will update them accordingly day by day instead....
Market Outlook for the Week of 19-23 February
PMIMonday marks a bank holiday in the U.S. in observance of Presidents' Day. Tuesday will bring attention to Australia with the release of the Monetary Policy Meeting Minutes. However, the most significant event of the day will be the inflation data for Canada....