The USDCHF had an up-and-down trading day yesterday after extending to a new 2024 highs (above the January high at 0.8727). The low price stalled near a swing area at 0.8685 before basing and moving higher in trading today.The run to the upside today moved back up to...
Ondo Finance Brings Real-World Assets & Yield-Bearing Stablecoin-Alternative, USDY, to Sui
Sui (https://sui.io/), the Layer 1 blockchain which has experienced explosive growth since its inception eight months ago, today announced that Ondo Finance is expanding into the Sui ecosystem. The expansion will bring Sui Network’s first native dollar-denominated...
Major US stock indices open higher. Broader indices lead the way
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,...
Axios: Seems Israel will reject Hamas plan for a ceasefire.
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 set to open higher
Dow Industrial Average futures are implying up 100 pointsS&P index futures are implying a gain of 20.25 pointsNASDAQ index futures are implying a gain of 106 pointsYields are trading higher by about one – two basis points across the yield curve.Apple is reportedly...
Technical Analysis: Unlocking Profitable FX trading for Feb 7 with EURUSD, USDJPY, &GBPUSD
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,...
Minneapolis Fed Pres. Kashkari: At this moment 2– 3 cuts seems appropriate
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 trade balance for December -C$0.31B vs C$1.100B 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 trade deficit for December -$62.2B versus $-62.2 billion 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 and Canada trade data released at 8:30 AM ET
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 mixed as markets remain tentative
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,...
What is the main purpose of a broker?
The main purpose of a broker is to act as an intermediary between two parties who wish to buy and sell an asset, which could be stocks, real estate, insurance, or various other commodities. In simple terms, a broker facilitates transactions by providing clients with...
US MBA mortgage applications w.e. 2 February +3.7% vs -7.2% 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,...
What is trading and how it works?
Trading is the act of buying and selling goods, services, financial instruments, or any other items of value between two parties. It can take place in various markets such as stock markets for trading shares of companies, forex markets for exchanging currencies,...
US set to eclipse China as Germany’s top trade partner by 2025 at the latest – DIHK
It says that if current trends persist, the US is set to overtake China as Germany's most important trade partner by 2025 at the latest.DIHK's chief executive of foreign trade, Volker Treier, said that "at the moment there are no signs of a significant increase in...
Treasury yields inch higher as the push and pull this week continues
It's tough to gather much conviction in markets this week. 10-year yields in the US are up 3.1 bps to 4.123% in European morning trade today. And that comes after a drop yesterday, which followed a rise on Monday. The push and pull sees yields continue to move around...
A smile today could turn to tears tomorrow
Given the prevailing optimism in financial markets, the long-awaited recession is being postponed again, even though central banks are cautious about tightening monetary policy.Moreover, the Organization for Economic Cooperation and Development revised its 2024 global...
Market Recap – Cautious Start!
Economic Indicators & Central Banks: Treasuries bounced back after the worst 2-day stretch since June 2022. Dip buying supported along with a solid 3-year note auction & comments from the more hawkish Fed President Mester who could see rate cuts later in the...
Unlock the Potential of Trading Commodities and Indices with FXDD
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BOE’s Breeden: I have become less concerned that rates might need to be tightened further
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,...