Initial and continueing jobless claimsPrior 202K revised to 203KInitial jobless claims 187K vs 207K estimate. Lowest since September 24, 2022. 4-week moving average 203.25K vs 208.00K last week. (revised from 207.75K last week)Continuing claims 1.806M vs 1.845M...
ForexLive European FX news wrap: Dollar mixed in slower trading session
Headlines:Markets:AUD leads, CHF lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields down 1.4 bps to 4.090%Gold up 0.4% to $2,014.49WTI crude up 0.1% to $72.63Bitcoin down 0.6% to $42,366It was a slower session overall as markets are...
ECB accounts affirm importance of restating data-dependent approach in communication
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US futures pull higher as tech leads the way
The more bullish upgrade by BofA on Apple shares is the only relevant headline that I can allude to in helping to push US futures higher in the past hour. S&P 500 futures are now up 0.3% with Nasdaq futures up 0.7%, while Dow futures are flat. So, that sort of...
AUD/USD off six-week lows but finds itself in a technical box
A rebound in Chinese stocks and a slight softness in the dollar is helping to keep AUD/USD higher so far today, even with a rather poor Australian jobs report earlier here. The currency pair is up 0.3% to 0.6565, also assisted by a technical bounce off its December...
A more tentative mood so far in trading today
The dollar is trading a little mixed but not much changed overall, after being slightly lower earlier in the day. EUR/USD moved up to 1.0905 before keeping flattish around 1.0888 now while USD/JPY fell to a low of 147.65 before recovering to 147.91 at the moment. In...
China amends rules for its central bank monetary policy committee
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IEA revises higher 2024 oil demand growth forecast
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Gold Council Indicates Higher Prices Amid Geo-Political Tensions
The US Dollar Index ends the day higher for a fifth consecutive day but declines during this morning’s Asian Session. Investors continue to lower the possibility of significant easing in 2024 after the latest US Sales data. US Core Retail Sales were twice as high as...
Eurozone November current account balance €24.6 billion vs €33.8 billion prior
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Here Are the Winners of The UF AWARDS MEA 2024
Organised by UF Agency, part of Ultimate Fintech Group, the UF AWARDS are known for celebrating outstanding performance and commitment to innovation in the online trading industry. These prestigious awards are a testament to the hard work and achievements of the...
European equities observe a calmer start to trading 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,...
Chinese stocks see a late bounce to wrap up the day
The dismal run in Chinese stocks looked set to continue today, with the Shanghai Composite briefly hitting a fresh four-year low as seen here. But the 'plunge protection team' stepped in to reverse that and that helped to see the index close higher by 0.4% on the...
FX option expiries for 18 January 10am New York cut
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Dollar sits lower as traders reassess the overnight moves
EUR/USD is now up 0.2% to 1.0905 while USD/JPY has just trickled lower to 147.85 on the day currently. After some modest gains overnight, the dollar is getting checked back now as traders reassess the moves. Of note, 10-year Treasury yields are down 1.6 bps to 4.088%...
USD/JPY clears the path towards 150.00 next?
If you go by the chart, the break higher yesterday was a significant one for USD/JPY as it clears its 100-day moving average (red line) to push above 148.00. The key technical level is seen at 147.44, so keep above that and buyers will remain poised to extend the...
EUR/USD survives first bout of key technical level in trading yesterday
EUR/USD daily chartThe dollar remains in a good spot overall but EUR/USD is not one pair that is making extra headway for the greenback this week. The pair moved to test its 200-day moving average (blue line) in trading yesterday before seeing a decent bounce to...
Pakistan Foreign Ministry confirms Pakistan undertook series of military strikes in Iran
Pakistan Foreign Ministry statement:Pakistan undertook series of military strikes against terrorist hideouts in Sistan-Baluchistan province of IranNumber of terrorists were killed during intelligence-based operationPakistan fully respects the sovereignty and...
ForexLive Asia-Pacific FX news wrap: Losses for the USD continued
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Final reading for Japanese Industrial Production in November is negative both m/m and y/y
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