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,...
BOE Ramsden: There are likely to be bumps in the disinflation process
BOE Deputy Gov. Ramsden is speaking and says:There are likely to be bumps in the disinflation process from one month to the next.Over the last few months, I have become more confident in the evidence that risks to persistence and domestic inflation pressures are...
IMF: Soft landing for European economies is in reach, but not insured
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,...
Chicago Fed Pres. Goolsbee expected to speak shortly
The start of the quiet period for the Fed begins at the end of the day. Chicago Fed Pres. Goolsbee is not letting that restriction come-and-go without weighing in one more time. Goolsbee has hardened his dovish views of late in step with the other Fed officials, but...
USDCHF falls sharply and rebound sharply on Isreal’s retaliation. What next?
The USDCHF fell sharply after the Israeli attack on Iran overnight. That move to the downside tested the broken 38.2% retracement of the move down from the 2022 high at 0.9025, and bounced as report of the extent of the attack were reported. The subsequent reversal to...
US major indices open mixed. Major indices on pace for a down week
The major indices are opening mixed. The NASDAQ is lower. The Dow is higher. The S&P is in between but marginally lower. The NASDAQ index is being impacted by Netflix which is down over 6.5% after reporting earnings and revenues better-than-expected but with soft...
Kickstart your FX trading for April 19 w/ a technical look at the EURUSD, USDJPY & GBPUSD
There is increased volatility after Israel's retaliation against the Iran's weekends drone attack. The EURUSD and GBPUSD moved lower (higher USD) initially, but has since rebounded. The USDJPY fell on flight into the relative safety of the JPY initially after the...
ECB Pres. Lagarde: if inflation criteria is met it will be appropriate cut rates
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 NASDAQ Corrects After Middle East Panic, But What Are Signals Indicating?
Israel’s attack on Iran again escalates fear of a wider Middle East conflict. As a result, the market’s risk appetite falls. Friday’s Asian session witnessed a clear “risk-off” appetite due to the escalation, but investors soon took advantage of the lower entry...
US stocks trade back near unchanged as the declines in pre-market are erased
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,...
Weekly Market Recap (15-19 April)
Over the weekend, Iran launched its retaliatory attack against Israel with drones and ballistic missiles. There were no casualties and 99% of the attack was neutralised. Iran eventually said that the matter could be deemed concluded. There was some initial risk on...
Weekly Commodity Market Update: Oil Prices Correct and Supply Concerns Persist
The ongoing developments in the Middle East fueled supply concerns and sparked a wave of risk aversion as investors headed for safety. Hopes for imminent rate cuts from the Federal Reserve diminish while attention is now turning towards the demand outlook. The Gold...
ForexLive European FX news wrap: A round trip for markets as the jitters fade
Headlines:Markets:CHF leads, NZD lags on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields down 4.7 bps to 4.60%Gold down 0.1% to $2,376.72WTI crude down 0.4% to $82.38Bitcoin up 2.2% to $64,910It was all about fading the fear in European...
USDCAD Technical Analysis – Key levels to watch for a pullback
USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate...
BOJ to raise rates again later this year – Reuters poll
The poll shows that no economists are anticipating a rate hike before the end of June. But 21 of 61 economists do see that rates could rise during Q3 this year. Meanwhile, 17 of 55 economists forecast that rates will be raised during Q4 instead. The median forecast...
Netflix Q1 Earnings Preview
As the closing bell approaches, all eyes are turning to Netflix, the streaming giant, poised to release its latest financial report. With share prices hovering around the same level for the past month, can the data dump boost the company's stock?Analysts are...
FX hits the reset button after early day jitters
As for the rest of the major currencies, they are all sitting little changed with one another. The dollar and yen have relinquished most of their earlier gains, with changes among dollar pairs roughly around 0.1% or less currently. It is only USD/CHF that is down 0.3%...
Germany reportedly to raise economic growth forecast for the year
Reuters is reporting on this, citing a source familiar with the matter. The German government is set to raise its growth forecast for the economy this year to 0.3%, up from 0.2% previously. As for 2025, they see the economy growing by 1.0%.On the inflation front, the...
Gold Price Update: Israeli Attack Lifts Safe Haven Appeal, Weighs on Risk Assets
Gold (XAU/USD) AnalysisGold spiked higher, falling narrowly short of the all-time highFX markets captured the flight to safety while US equity markets were shutGold volatility index eyed ahead of the weekendGet your hands on the Gold Q2 outlook today for exclusive...
US futures erase the earlier drop from Israel-Iran fears
S&P 500 futuresAt the low earlier, S&P 500 futures were down by roughly 1.7%. It is now down just 0.4% as European markets open for trading. The improvement in the mood owes much to the fact that Iran has downplayed the attack from Israel. And also that they...