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,...
David Rosenberg sees a sharp fall in USD/JPY ahead
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,...
Dallas Fed trimmed mean PCE price index for July 1.7% versus 1.8% in June
12 month trimmed mean 2.7% vs 2.8% priorLooking through the data here are some notable changes:Eggs: Massive increase of 90.9% (annualized 1-month change)Window coverings: Large decrease of -27.3%Used autos: Significant decrease of -25.2%Jewelry: Notable decrease of...
Canadian GDP beat for all the wrong reasons. The market sees a chance of 50 bps next week
On the face of it, the Q2 Canadian GDP report looked good today at 2.1% annualized compared to 1.6% expected. It also handily beat the Bank of Canada's forecast of 1.5%.The problem is that the composition of growth was in all the wrong places. Consumer spending rose...
European close: The fourth week of gains comes with record highs
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,...
Choppy trading in the countdown to month end
We saw some US dollar demand into the London fix all week and that was a preview of today's flows, as the dollar accelerated into the final fix of the month.USD/JPY touched a session high up 76 pips to 145.74, while the Australian dollar also fell to a session low at...
ECB’s Villeroy: It would be fair and wise to cut rates in Sept
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 August UMich final consumer sentiment 67.9 vs 68.0 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,...
Tech and consumer cyclical sectors lead today’s stock market gains
Stock heatmap by FinViz.com Fri, 30 Aug 2024 13:46:11 GMTOverview of Market SectorsToday's stock market heatmap reveals a broad spectrum of performances across various sectors, with the tech and consumer cyclical sectors taking the spotlight through impressive gains....
OPEC+ is likely to proceed with a planned gradual production increase from Oct — report
WTI crude oil dailyThere has been some talk that the planned OPEC+ barrel return would be pushed back but it's still coming, according to a report from Reuters that cites six sources.I'm not terribly surprised by the messaging. US oil companies set budgets in Sept/Oct...
US markets set to open higher today
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,...
OPEC+ likely to proceed with planned output hike from October
OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, six sources from the producer group told Reuters. Eight OPEC+ members are...
US dollar pops as we count down to month end
The US dollar jumped in the aftermath of the PCE report, though I'm not sure that correlation equals causation. The PCE report was a touch low, highlighting the downtrend in inflation. That should have weighed on the dollar and did initially, albeit slightly.A short...
US July core PCE +2.6% y/y 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,...
Canada June GDP +0.0% 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 30 Aug – Eurozone CPI in line with 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,...
US home prices to climb steadily through 2026 but sales expected to dip
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 Muller says confidence growth in Sep cut but after that is less certain
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,...
EU commission chief says must play stronger role in defence
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,...
AUD the strongest and CHF the weakest
It's been a fairly choppy morning in FX so far.The AUD is the strongest but neck and neck with the Pound for the strongest on the session.The CHF is the weakest, with the JPY not to far behind it.Eurozone data this morning has been mixed with GDP data out of France...