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,...
China are reportedly reviewing a bill to raise local government debt ceilings
The move here is to largely deal with "hidden debt" or what is intricately known as debt arising from local government financing vehicles (LGFV). These are off-balance sheet debt that are incurred by local governments to finance big projects and infrastructure. For...
Crude Oil Technical Analysis – Positive gap on OPEC+ production hike delay
Fundamental OverviewCrude oil opened the day with a positive gap today following the weekend news of OPEC+ delaying the December production hike. In the big picture, central bank easing generally leads the manufacturing cycle, so we can expect global growth to pick up...
Xlence Sets New Standard in Online Trading
With its recent launch, Xlence is quickly positioning itself as a promising option in the online trading world. This new platform emphasizes transparency, education, and accessibility, aiming to make trading a simpler and more empowering experience for users. In a...
Deribit and SignalPlus Launch $200,000 Winter Trading Competition
Deribit, the world’s premier Bitcoin and Ethereum options exchange, in partnership with SignalPlus, a leading options trading dashboard and analytics hub, is excited to unveil the second edition of the Winter Trading Competition 2024.This year's competition offers...
Eurozone November Sentix investor confidence -12.8 vs -12.5 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,...
FP Markets Secures Three Major Honours at the Inaugural Finance Magnates Annual Award Gala
Australian-founded broker FP Markets further cemented its position as a market leader, winning ‘Most Trusted Broker - Global’, ‘Broker of the Year - Asia’, and ‘Fastest Growing Broker - LATAM’ at the inaugural Finance Magnates Annual Award (FMAA) Gala. The event was...
Eurozone October final manufacturing PMI 46.0 vs 45.9 prelim
Prior 45.0The headline reading is a 5-month high with the output reading also improving to a 2-month high. A slight improvement in fortunes in Germany helped but the real carry is Spain, with manufacturing activity there seen at a 32-month high. That being said,...
Germany October final manufacturing PMI 43.0 vs 42.6 prelim
Final Manufacturing PMI 43.0 vs. 42.6 expected and 40.6 prior.Key findings:HCOB Germany Manufacturing PMI at 43.0 (Sep: 40.6). 3-month high. HCOB Germany Manufacturing PMI Output Index at 42.8 (Sep: 41.3). 2-month high. Deeper cuts to output prices signalled amid...
USD/JPY pullback stalls near key technical support again for now
USD/JPY daily chartThe dollar opened with a gap lower today before keeping lower since Asia trading. The needle hasn't really moved since we got to European morning trade, with market players waiting on potentially more developments in the polls later in US. In the...
France October final manufacturing PMI 44.5 vs 44.5 prelim
Prior 44.6No change to the initial estimate as the French manufacturing sector stays in contraction territory. New orders observed an accelerated pace of decline with employment conditions also starting to be hit harder. The latter will be a concern to watch if it...
Italy October manufacturing PMI 46.9 vs 48.6 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,...
Gold Technical Analysis – Some de-risking going into the US Election
Fundamental OverviewLast Thursday, gold got hit by some strong selling pressure following the US Jobless Claims and the US Core PCE report. The data keeps on showing that the US economy is doing pretty good, and we even saw some acceleration in activity in other data...
Spain October manufacturing PMI 54.5 vs 53.1 expected
Prior 53.0Spain continues to be the shining light for Europe and is a contrast to Germany. Looking at the details here, both production and new orders both rose sharply, which encouraged greater purchasing and recruitment activity amongst firms. HCOB notes that:"It...
Treasury yields checked back after change in US election odds since the weekend
With Japan markets closed earlier, Treasuries are finally now getting the day started and we're seeing yields marked down lower. That isn't a surprise given how the dollar reacted with the bond market arguably being the lead mover. 10-year yields are down some 7 bps...
Dollar on the backfoot with focus on the US election tomorrow
The snapshot of the dollar pairs above shows the greenback down across the board, after opening with a gap lower. Ignore the high for USD/JPY there as that is likely an error on the sheet. My chart has it at 152.54 and that's the one I'm following. In any case, the...
FX option expiries for 4 November 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first one is for EUR/USD at the 1.0900 level. The figure level isn't one that holds any technical significance but the expiries could well help to box in price action in the session ahead. That...
UBS Asset Management launches a tokenized USD Money Market Investment Fund
News from late last week that UBS Asset Management has debuted a USD Money Market Investment Fund Token&]:mt-2 list-disc space-y-2 pl-8" depth="0" data-v-7458bf22>Represents latest move into blockchain-based financial productsPart of broader UBS Tokenize...
ForexLive Asia-Pacific FX news wrap: Oil up, USD down
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,...
선착순 600명! 2만원 기프트카드 받아가세요~ ( 아동급식카드 )
https://www.youtube.com/watch?v=Xmv3V1oOuYI 연말 연시가 다가옵니다. 따뜻한 한 끼라도 결식아동에게 후원을 하려고 해도 이 돈이 제대로 쓰여질까 궁금하신 분들 계시죠? 이제는 그런 걱정 없이 후원도 눈으로 보며 할 수 있는 시대가 왔습니다. 오늘은 딱 600명만 받을 수 있는 혜택을 소개할 건데요. 선착순으로 진행되는 이벤트입니다. 이벤트 내용은 무엇인지, 어떻게 참여하는지, 2만원은 어떻게 받을 수 있는지에 대해서 자세히 알려드리겠습니다....