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 February Ivey PMI index (SA) 53.9 versus 56.5 last month
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 wholesale inventories for January (revised) -0.3 versus -0.1% preliminary
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 January JOLTS job openings 8.863m vs 8.900m 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,...
The full statement from the Bank of Canada March interest rate decision
FOR IMMEDIATE RELEASEMarch 6, 2024The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.Global economic growth slowed in the fourth...
Bank of Canada rate decision: Rates held at 5.00% vs 5.00% 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,...
NASDAQ index leading the way to the upside in US stocks at the open
The NASDAQ index is leading the way to the outside as the major indices open with gains to start the trading day. Fed Chair Powell's testimony on Capitol Hill will be a focus. That testimony starts at 10 AM ET. A snapshot of the market currently shows:Dow industrial...
Traders prepare for BOC rate decision and Chair Powell. What USDCAD levels are play?
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,...
Gold and US Stocks Rise While Leaving the Dollar Behind
The 10 most influential stocks within the NASDAQ rise in pre-market hours. Will the USA100 rebound after recently declining to the previous support level? Chip makers witness the strongest rebound prior to the market open. NVIDIA up 1.68% and AMD +2.48%. Investors...
Bank of Canada rate decision coming up next
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 equities set for a bounce-back day
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,...
Kickstart the FX day for March 6 with a technical look at the EURUSD, USDJPY and GBPUSD
There is a lot of fundamental news today with the UK budget, Fed Chair Powell's testimony on Capitol Hill, and the Bank of Canada interest-rate decision highlighting the calendar of events. All of which has the opportunity to upset the apple cart (i.e the market)....
US dollar softens as Powell keeps rate cut path in play
The US dollar is near the lows of the day and equity futures are at the highs, with S&PO 500 futures up 29 points. The dollar has fallen 10-15 pips since the text of Federal Reserve Chairman Jerome Powell's appearance in Congress was released. In it, he maintained...
UK budget: Will extend oil and gas windfall tax and change non-resident tax rules
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,...
Powell: Will likely be appropriate to begin cutting rates some time this year
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 Q4 labor productivity rate 0.4% versus -0.5% (revised) last quarter
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,...
NVDA price forecast, this rocket may be going to $1050
Bringing you a new analysis of NVIDIA's (NVDA) impressive journey and what the future holds for this tech giant. 📈 Someone curious in one of our groups asked about NVDA's direction, sparking me to share insights using what I call the "Levitan Method". Back when NVDA...
ADP February employment +140K vs +150K expected
ADP employment surveyThe median change in annual pay:Job stayers 5.1% versus 5.2% last monthJob changers 7.6% versus 7.2% last monthStrong sectors were construction, trade/transport/utilities, financial services and leisure/hospitality. Weak spots were natural...
ForexLive European FX news wrap: Yen gains ebb, Bitcoin rebound holds strong
Headlines:Markets:JPY leads, CHF lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields up 0.8 bps to 4.144%Gold up 0.3% to $2,134.31WTI crude up 0.8% to $78.81Bitcoin up 4.4% to $66,150It was mostly another quiet session for major...
UK finance minister Hunt delivers pre-election budget
Outside of the whole 'mini-budget' fiasco involving Liz Truss and Kwasi Kwarteng back in September 2022, budget days aren't really big market movers for gilts and the pound. This time around, it should be no different. Jeremy Hunt is now speaking in parliament and is...