From Axios' Barak Ravid:Senior White House Official tells me: “The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel"He continues:Senior White House Official:“We are actively supporting defensive...
Canada September S&P Global manufacturing PMI 50.4 vs 49.5 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,...
France’s Barnier: I plan to reduce deficit to 5% of GDP in 2025
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 had the best three-quarter run since 1997. How did they do then?
S&P 500 futures are pointing modestly lower today but it's been the best year-to-date run through three quarters since 1997. That year the market ran up nearly 30% as it was hyped by a technological breakthrough (sound familiar?) and a surprisingly strong...
In the kickstart video for Oct 1, I take a technical look at EURUSD, USDJPY and GBPUSD
In the kickstart video for October 1, take a technical look at the EURUSD, USDJPY and GBPUSD. What are the trading biases? Where are the target? Where are the risks?In the EURUSD, the price moved sharply lower helped by weaker PMI and/CPI data. The next key target...
S&P 500 seasonality points to Q4 rally in election years, but beware October volatility
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 private sector job vacancy rate plummets to lowest level since 2016
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,...
New Japan PM Ishiba: Japan on the cusp of making complete exit from deflation
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: The US Dollar adds to yesterday’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,...
USDCHF Technical Analysis – Can’t get out of the range
Fundamental OverviewThe USD got a bit of a boost yesterday as Fed Chair Powell reiterated that 50 bps of easing by year end remains the base case. The market’s probability for the Fed to cut by 50 bps in November fell from 51% to 40%.The focus remains on the economic...
Euro falls to fresh lows on the day
EUR/USD 4-hourly chartThe pressure is back on the euro now as traders are rebuffing expectations for a rate cut by the ECB in October. That comes after Rehn was out saying that the scale is tipping towards that now, at least in his view. It's the first sign of any ECB...
USDJPY Technical Analysis – Eyes on the US data this week
Fundamental OverviewThe US Dollar got a bit of a boost yesterday as Fed Chair Powell reiterated that 50 bps of easing by year end remains the base case. The market’s probability for the Fed to cut by 50 bps in November fell from 51% to 40%.Moreover, overnight the BoJ...
Eurozone September preliminary CPI +1.8% vs +1.8% y/y 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,...
UK September final manufacturing PMI 51.5 vs. 51.5 prelim
Final Manufacturing PMI 51.5 vs. 51.5 expected and 52.5 prior.Key findings:Growth of output and new orders ease slightly. Business confidence down to nine-month low.Comment:Rob Dobson, Director at S&P Global Market Intelligence:“The UK manufacturing sector is...
ECB’s Rehn: The scale is tipping towards a rate cut in October
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, China reportedly set to hold talks on trade and economic ties
The report is via China's Xinhua news agency, which says that China commerce minister Wang Wentao will be holding a call with his US counterpart some time in the near future. The call is said to involve discussing trade and economic ties, according to people familiar...
ECB’s Rehn: Direction of monetary policy is clear
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 September final manufacturing PMI 45.0 vs 44.8 prelim
Prior 45.8The manufacturing sector woes continue in the euro area, largely thanks to Germany. The region's backbone continues to see its industry suffer and that is weighing further on overall sentiment. Both new orders and output were seen declining at their fastest...
Germany September final manufacturing PMI 40.6 vs 40.3 prelim
Final Manufacturing PMI 40.6 vs. 40.3 expected and 42.4 prior.Key findings:HCOB Germany Manufacturing PMI at 40.6 (Aug: 42.4). 12-month low. HCOB Germany Manufacturing PMI Output Index at 41.3 (Aug: 42.8). 11-month low. Expectations turn negative as confidence...
France September final manufacturing PMI 44.6 vs 44.0 prelim
Prior 43.9There is a slight revision higher to the initial estimate but it still points to a downturn in France's industrial sector at the end of Q3. Both output and new orders continue to show deep declines but at least the pace of that is easing. HCOB notes...