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,...
Bostic and Daly still on today’s Fed agenda; UMich sentiment next, US long weekend coming
US traders might head out early for a long weekend but we still have some work to do before then.The preliminary UMich consumer sentiment survey is due at the top of the hour with the consensus showing a rise to 80.0 from 79.0. I don't have any use for this report but...
The US indices are trading lower soon after the open
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 USD has moved higher after stronger PPI. What next for the EURUSD, USDJPY and GBPUSD?
The US PPI data came in stronger than expectations. That lined up with the CPI data from earlier this week but not with the retail sales from yesterday's trade. On Tuesday after the CPI was all the dollar move higher. Yesterday after the retail sales we saw the dollar...
Fed’s Barr: Supervisors closely focused on commercial real estate risks
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 (XAU/USD) Picking Up a Small Bid as Oversold Conditions Begin to Clear
Gold (XAU/USD) Analysis and ChartUS PPI comes in hotter-than-expectedRetail sales missed market expectations and turned negative in January.Gold is correcting higher after being technically oversold. Recommended by Nick Cawley How to Trade Gold Get My Guide Recently...
US dollar heats up after hot producer price data
The US dollar jumped around 30 pips after hot PPI data added to the January inflation warnings. CPI earlier this week caused a fright in markets and import/export prices were also high.I wonder if there aren't some seasonal adjustment problems at the turn of the...
Fed’s Barkin: January economic data has been messy, not that good
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 PPI +0.9% vs +0.6% 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 housing starts 1.331 million versus 1.460 million 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,...
Canada December wholesale sales +0.3% vs +0.8% 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,...
Seasonal adjustments in focus in the PPI report
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: Major currencies muted, stocks not slowing down
Headlines:Markets:NZD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields up 2.4 bps to 4.263%Gold up 0.2% to $2,007.53WTI crude down 0.6% to $77.57Bitcoin up 1.7% to $52,250It was a quiet session for FX but stocks are...
Dollar holds steady so far, more US data to follow later
It's been a fairly quiet session so far, underscored by some mixed signals in broader markets after yesterday's action. The dollar is keeping steadier on the day, finding little conviction in European trading. That is somewhat understandable as we await more US data...
USDCAD Technical Analysis – Rangebound price action with a bullish tilt
USDThe Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a...
US futures nudge higher as equities remain undaunted
Tech shares are the ones leading the charge once again, with Nasdaq futures up 0.6% on the day. Dow futures are down slightly by 0.1%, so S&P 500 futures are up 0.2% at the balance currently.S&P 500 futuresIt has been quite a breathtaking and unrelenting run...
Hot Cocoa Futures: What’s Behind the Surge?
Cocoa is currently experiencing unprecedented popularity, reaching an all-time high in price on the New York exchange, hitting the $5800 mark by mid-February. The price gained more than 30%, which is an all-time high. Let’s delve into the factors driving this surge in...
Xsolla Announces New Leadership Structure for Next Phase of Strategic Growth & Innovation
Xsolla, a global video game commerce company, announces its next chapter of strategic growth and innovation. This transformation, building on the successful foundations laid over the past year, is tailored to leveraging the strengths of Xsolla's founder and an...
Understanding the UK Economy: Recent Trends and Implications for Investors
The UK’s inflation rate turned out to be lower than expected, and the latest GDP figures were disappointing, indicating that the economy was in recession in the latter half of 2023. However, this alone isn’t enough to change the Bank of England’s...
Bond market action not providing much help for the dollar
There was no arguing that the post-CPI surge higher in bond yields was a significant one. 10-year yields broke out of range between 3.80% and 4.20% but ultimately was capped by the 100-day moving average (purple line), now seen at 4.337%.US Treasury 10-year yields (%)...