With AMD, Microsoft and Alphabet announcing yesterday after the close and the market not digesting those earnings well (or pieces of them), the broader indices are lower with the NASDAQ index down by -0.85% leading the downside..A snapshot of the market currently...
The USD is lower after weaker employment cost data. Kickstart video looks at 3 major pairs
The USD is moving lower after the lower-than-expected employment cost index data for the fourth quarter (a favored economic number of the Federal Reserve). The FOMC doesn't meet today and announced its rate decision at 2 PM ET. No change is expected but the market...
US dollar sags after wage data, jobs and Treasury borrowing data
The US dollar is under pressure after a trio of somewhat dovish announcements today:ADP employment was below estimates at 107K compared to 145K expectedThe Treasury increased long-dated auction sizes in-line with estimates but not as much as fearedQ4 US wage data...
Canada November GDP +0.2% 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,...
US employment index for Q4 0.9% vs 1.0% expectations
Employment costs for 4Q comes in at 0.9%Prior quarter 1.1%employment cost index for Q4 0.9% vs 1.0% expected. Lowest since the 2nd quarter of 2021.Wages Q4 0.9% vs 1.2% last quarterBenefits Q4 0.7% vs 0.9% last quarterDown across the board is good news for inflation....
US quarterly refunding announcement: Supply for next week $121 vs $121 billion expected
On Monday, the US announced less borrowing than the Treasury had previously forecast and bonds have been bid since with 10-years briefly falling below 4% earlier today. That esetimate was $760 billion compared to $811 billion forecast by the Treasury in October due to...
EURUSD technical analysis for today’s FOMC meeting
Hello, Forex enthusiasts! Today, we're diving deep into the EURUSD technical analysis, just before the much-anticipated FOMC meeting. This analysis is brought to you by Itai Levitan from ForexLive.com. Remember, these are trade ideas and opinions, so always trade at...
ADP US January employment +107K vs +145K expected
US ADP employmentPrior was +164K (revised to +158K)The median change in annual pay:Job stayers 5.2% versus 5.4% last monthJob changers 7.2% versus 8.0% last monthI'm not sure anyone wants to bet the farm on ADP but if you take the last five months, there's a clear...
Germany January preliminary CPI +2.9% vs +3.0% 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,...
ForexLive European FX news wrap: Dollar holds firm with Fed in focus
Headlines:Markets:USD leads, AUD lags on the dayEuropean equities a little higher; S&P 500 futures down 0.5%US 10-year yields down 2.5 bps to 4.031%Gold flat at $2,037.12WTI crude down 1.0% to $77.01Bitcoin down 2.1% to $42,617All ready for the Fed and Powell's...
US MBA mortgage applications w.e. 26 January -7.2% vs +3.7% 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,...
ECB’s de Guindos: I think that inflation will be slightly lower than we have predicted
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,...
NASDAQ 100 Futures technical analysis: FOMC meeting, earnings , and unemployment report
ForexLive.com, January 31, 2024NQ technical analysis videoThe NASDAQ 100 futures market has been in a trading range and just crossed down its value area low at 17500, which I also mentioned is an important price level to watch in my previous video, and if we CLOSE 2...
Forex Trading: Why It’s More Than Just Currency Exchange
When most people hear about Forex trading, they imagine a bustling currency exchange office with streams of people constantly exchanging one currency for another.In the digital age, however, the reality of Forex trading stretches far beyond these physical spaces. It's...
ADP roulette the appetiser before the Fed main dish later today
The JOLTS job openings yesterday here showed that markets are susceptible to data releases even as we await the Fed policy decision later today. It is jobs week in the US after all and this builds up towards the non-farm payrolls report on Friday. For today, there is...
Major US Stock Indices Touched Their Record High. Here’s What You Need to Know
The year 2023 wasn’t fantastic for the stock markets, as other factors took the spotlight. First, the US dollar dominated, followed by Bitcoin taking center stage. Now, as we kick off 2024, and stock indices have surged to their all-time peaks or close to them. Let’s...
S&P 500 futures extend losses as tech shares sink lower
Bring on the pain. Tech shares are being smacked in European morning trade, as S&P 500 futures and Nasdaq futures are sinking lower on the session. The former is down 0.5% while the latter is down 1.3% on the day now. There was a slight respite as European traders...
Bavaria January CPI +2.9% vs +3.4% y/y 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,...
Switzerland January UBS investor sentiment -19.5 vs -23.7 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,...
Germany January unemployment change -2k vs 11k 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,...