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Novak: Russia to cut production to required level under OPEC+ deal by end of August
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’s Buch: Europe’s banking sector has shown resilience
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,...
It’s Labor Day in North America
Remember: Safety first in the forex marketHappy Monday, especially for those of you who get the day off.It's Labor Day and that means that markets are closed in the United States and Canada. The FX market has been quiet throughout the world today, with the exception...
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Gold Technical Analysis – The calm before the storm?
Fundamental OverviewGold continues to trade in a tight range as the market awaits the key catalysts this week. As a reminder, the Fed is now very focused on the labour market as Fed Chair Powell said that they will not welcome any more weakness and will do everything...
AUD/USD buyers stay hopeful for another run at 0.6800
AUD/USD daily chartThe dollar battled in month-end trading last week and that kept a lid on AUD/USD, with sellers also holding at the July high around the figure level. The key level there will remain a focus this week, especially with the dollar side of the equation...
FP Markets Wins Double at FMPS 2024
Multi-asset Forex and CFD broker, FP Markets, further cemented its position as one of the industry’s global leaders, claiming two prestigious awards at the Finance Magnates Pacific Summit (fmps:24). The company won ‘Best Forex Spreads APAC’ and ‘Best Trading...
Weekly update on interest rates expectations
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,...
UK August final manufacturing PMI 52.5 vs. 52.5 prelim
Final Manufacturing PMI 52.5 vs. 52.5 expected and 52.1 prior.Key findings:Manufacturing PMI at 52.5 in August. Broad-based growth by sector. Domestic market drives new contract wins.Comment:Rob Dobson, Director at S&P Global Market Intelligence “The UK...
Market Outlook for the Week of 2nd – 6th September
It's a busy week ahead in terms of economic events. Monday kicks off with a few notable releases, including the final manufacturing PMI for the eurozone. It’s also a bank holiday in Canada and the U.S. in observance of Labor Day. On Tuesday, Switzerland will release...
SNB total sight deposits w.e. 30 August CHF 456.7 bn vs CHF 463.6 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,...
Eurozone August final manufacturing PMI 45.8 vs 45.6 prelim
Prior 45.8The positive revision is just masking the troubles that are continuing to surface in the Eurozone manufacturing sector. Output continues to suffer while new order inflows fell at the quickest pace this year so far in August. Employment conditions are also...
Italy Q2 final GDP 0.2% vs 0.2% Q/Q 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,...
Germany August final manufacturing PMI 42.4 vs 42.1 prelim
Final Manufacturing PMI 42.4 vs. 42.1 expected and 43.2 prior.Key findings:HCOB Germany Manufacturing PMI at 42.4 (Jul: 43.2). 5-month low. HCOB Germany Manufacturing PMI Output Index at 42.8 (Jul: 42.5). 2-month high. New orders drop at quickest rate for nine...
The Amega App: A Bold Step into the Future of Trading and Account Management
Amega’s reputation as a reliable brokerage firm has been meticulously built on three simple principles: unwavering dedication, complete transparency, and unrelenting innovation.These ideals have been imprinted in the company’s DNA since day one, becoming not only the...
France August final manufacturing PMI 43.9 vs 42.1 prelim
Prior 44.0Despite a positive revision, the figure is still a mild drop compared to the July reading. That continues to mark a poor state of affairs for French manufacturing in Q3. HCOB notes that:"The state of the French manufacturing sector is deteriorating. What...
Italy August manufacturing PMI 49.4 vs 48.5 expected
Manufacturing PMI 49.4 vs. 48.5 expected and 47.4 prior.Key findings:Declines in production and new orders only modest in August. Firms raise staffing levels for first time since April as outlook brightens. Charge inflation returns after nearly a year-and-a-half of...
Switzerland August manufacturing PMI 49.0 vs 43.5 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,...
Spain August manufacturing PMI 50.5 vs 51.5 expected
Manufacturing PMI 50.5 vs. 51.5 expected and 51.0 prior.Key findings:Increase in new work registered.Output and employment both decline. Confidence in the outlook sinks to lowest of year so far.Comment:Commenting on the PMI data, Jonas Feldhusen, Junior Economist at...