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,...
EURUSD moves closer to November/December highs
EURUSD buyers remain in controlThe EURUSD moved sharply higher last week helped by Fed Chair Powell's comments after the FOMC rate decision. The FOMC dot plot was also a contributing factor to the lower dollar (higher EURUSD). The upside momentum continued on Thursday...
S&P index within 0.8% of all time high close
Major US indices are trading to new session highs. For the S&P index since now within 0.8% of its all-time high closing level at 4796.57. The all-time intraday high comes in a 4818.62. The current price is trading at 4758.58 or 18 points or 0.3% (the high price...
Richmond Fed Pres Barkin: Inflation remains a focus for the Fed
Fed's Barkin (2024 voter) emphasizes that inflation remains the primary concern for the Federal ReserveSays they are now looking to balance this focus with other aspects of the Fed's mandate, considering the progress made in reducing inflation.Clarifies that the Fed's...
Dow and Nasdaq looks for its 9th positive day in a row
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 stocks set to open marginally higher
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 industrial product prices MoM for November -0.4% versus -0.6% estimate
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 CPI inflation for November YoY 3.1% versus 2.9% estimate
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 housing starts for November 1.560M vs 1.360M estimate. Best since May.
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’s Breeden: Important for policy to be restrictive for an extended period
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: Yen extends post-BOJ fall, dollar lower alongside yields
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,...
Will the equities rally carry over to the new year?
After the drop towards the end of October, equities have staged a stunning rally in the last eight weeks. Of note, we got to observe fresh record highs in the Dow, DAX, and CAC 40 among the major indices. The question now is, can stocks carry over the good form during...
UK December CBI trends total orders -23 vs -35 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,...
USDCAD Technical Analysis – Watch what happens at this key level
USDThe Fed left interest rates unchanged as expected with a shift in the statement that indicated the end of the tightening cycle. The Summary of Economic Projections showed a downward revision to Growth and Core PCE in 2024 while the Unemployment Rate was left...
Eurozone November final CPI +2.4% vs +2.4% y/y 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,...
Japan government maintains overall assessment of the economy in December
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,...
Japanese yen stays under pressure post-BOJ
USD/JPY itself is up 1.4% to 144.68 currently as the yen continues to be dismantled in European morning trade. This follows the BOJ pushback against any indication of an early hawkish policy pivot, as Ueda reaffirms that they will wait on the spring wage negotiations...
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FBS 2023-2024 Market Review
With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of...
FX option expiries for 19 December 10am New York cut
There aren't any significant option expiries for today. As such, trading sentiment will rely more to flows and the overall risk mood in markets. So far, there isn't much to suggest any notable trends in price action as there is very little to work with besides the...