A poor auction of gilts today has been compounded by a broad selloff in global fixed income following a strong US ISM services report. That's helped to press UK 10-year yields 7 bps higher and marginally above last week's high.The Chancellor's October 30 budget...
US October ISM services PMI 56.0 vs 53.8 expected
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When Do US Elections Polls Close?
Hundreds of millions of Americans head to the ballots today to vote for who they believe should be their next President: Kamala Harris or Donald Trump. Although more than 81 million ballots have been cast early this year, most of the electorate will do so today,...
US S&P Global October final services PMI 55.0 vs 55.3 prelim
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,...
Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions in Emerging Markets
Jambo, a leading builder of web3 mobile infrastructure, today announced its partnership with Lif3, the revolutionary omni-chain DeFi Layer-1 ecosystem, to offer millions of Jambo phone users in over 120 countries, with easier access to peer-to-peer crypto payments...
2020 recap: A reminder of the exact times that races were called and betting odds shifted
Perhaps the best thing to do to re-live the timeline from 2020, go into the ForexLive time machine and see how we covered it.Early in the evening and before the election, betting odds initially favored Biden. However, as results came in from states like Florida and...
US September trade balance -84.4 billion vs -84.1 billion
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 September trade balance -1.26 billion vs -0.80 billion
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: The markets await the US Election result
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,...
AUDUSD Technical Analysis – The market awaits the US election result
Fundamental OverviewThe US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in the Trump’s trades. Everything hinges on the US election now with a red sweep seen as the most bullish scenario for the greenback,...
USDCAD Technical Analysis – The pair retreats on higher Harris winning odds
Fundamental OverviewThe US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in the Trump’s trades. Everything hinges on the US election now with a red sweep seen as the most bullish scenario for the greenback,...
U.S. Elections: what to expect? Octa Broker Offers Its View
The U.S. presidential election draws near, and investors are on high alert as the outcomes of Kamala Harris's and Donald Trump's contrasting economic policies could have significant ramifications for the financial markets. With key decisions looming around tax rates,...
EURUSD Technical Analysis – The greenback loses ground heading into the election
Fundamental OverviewThe US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in the Trump’s trades. Everything hinges on the US election now with a red sweep seen as the most bullish scenario for the greenback,...
UK October final services PMI 52.0 vs 51.8 prelim
Prior 52.4Composite PMI 51.8 vs 51.7 prelimPrior 52.6Services activity continues to see slowing momentum in October, with the weakest rise in business activity since November last year. Adding to that, employment conditions showed a fall for the first time this year....
Japan’s largest industrial union to target a standard 6% increase in total wages – report
UA Zensen is Japan's largest industrial trade union and represents workers mostly at small and medium-sized firms. And once again - similar to earlier this year - they are calling for at least a standard 6% increase in total wages going into the spring wage...
USDCHF Technical Analysis – Higher Harris odds weigh on the US Dollar
Fundamental OverviewThe US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in the Trump’s trades. Everything hinges on the US election now with a red sweep seen as the most bullish scenario for the greenback,...
AUD/USD holds higher in post-RBA trading
AUD/USD daily chartThe RBA held its cash rate steady in a more hawkish decision, though largely expected. AUD/USD was barely changed and only hovered within a 15 pips range after the statement and press conference. But the pair is extending higher now, up to 0.6618...
USDJPY Technical Analysis – It’s the US Election Day
Fundamental OverviewThe US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in the Trump’s trades. Everything hinges on the US election now with a red sweep seen as the most bullish scenario for the greenback,...
European equities lightly changed to kick start the day
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What are the key times to watch for the US election results?
But regardless of the closing time of the polls, different states will have different procedures in counting votes and that could see the results spill over to the next one or two days (or more). But as outlined here, the main focus will be on the key battleground...