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 surges towards 1.1000 level, opening the foor for more upside momentum
The EURUSD - coming into the trading day - had resistance against the 61.8% retracement of the 2023 trading range at 1.09594 (see video above). When the price in the early North American session moved through that level without much in the way of resistance, the price...
The USDCAD tumbles lower and in the process is stretching toward key retracement target
Like many other currency pairs, the USDCAD is moving in the direction of a lower dollar and in the process is stretching toward a key technical target. The pair is moving closer to its 61.8% retracement of the 2023 trading year. That level comes in at 1.33999. The low...
US retail sales are decelerating with a further dip likely to come ahead – CIBC
US retail sales control groupRetail sales surprised to the upside in November but CIBC warns that there are signs of deceleration that should mount in the months ahead.The CIBC report on US November advance retail sales highlights a modest increase, signaling a...
US October business inventories -0.1% vs 0.0% 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,...
US stocks trading higher. S&P and NASDAQ at the highest levels since January 2022.
The major stock indices are trading higher in early US trading. The gains are led by the Nasdaq index.S&P and NASDAQ trades to the highest level since January 2022Dow Industrial Average trades at its highest level all-timeApple trades to a new record highAdobe...
Kickstart your FX trading on Dec. 14 with a technical look at the EURUSD, USDJPY & GBPUSD
After interest rate decisions from the Fed, Bank of England, and ECB, the market reaction is to sell the dollar. The Fed was considered more dovish. The Bank of England was more hawkish and the ECB was probably in between, but that has not stopped the USD from moving...
Lagarde Q&A: We need to see more data on wages
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,...
Canadian November home prices -1.1% m/m – CREA
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,...
Lagarde opening statement: The risks to economic growth remain tilted to the downside
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,...
Watch live: Lagarde’s ECB press conference
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 November import prices -0.4% vs -0.8% 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,...
US initial jobless claims 202K vs 220K 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,...
US November retail sales +0.3% 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,...
Canada October manufacturing sales -2.8% vs -2.7% 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,...
ECB leaves key interest rates unchanged in December monetary policy meeting
Prior decisionMain refinancing rate 4.50% vs 4.50% expectedPrior 4.50%Deposit facility rate 4.00% vs 4.00% expectedPrior 4.00%Marginal lending facility 4.75%Prior 4.75%Inflation has dropped in recent months but likely to pick up against temporarily in the...
BOE’s Bailey: We cannot say that interest rates have peaked
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: Dollar extends post-FOMC slump, SNB and BOE on hold
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.3%US 10-year yields down 9 bps to 3.943%Gold up 0.5% to $2,036.81WTI crude up 1.7% to $70.63Bitcoin up 0.3% to $43,136The dollar continued its post-FOMC slump alongside...
Pound gains as BOE offers no pivot, at least for now
The pound has moved higher across the board as the BOE signals a "hawkish" hold but essentially, it is just maintaining the status quo from November. The bar for sounding hawkish is an awfully low one at the moment, after the Fed's extremely dovish take yesterday....
Winter is Coming: How Prepared is Europe to Withstand it?
●For approximately 500 days (in 2021–2023), Europe was gripped by an unprecedented energy crisis that was characterised by record-high prices—especially for natural gas. ●Supply issues induced by the changing geopolitical landscape have been the central cause of the...