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 November housing starts 212.6K vs 257.K1 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,...
Euro (EUR) Latest: EUR/USD Drifts After Weak PMI Data Release
EUR/USD Forecast - Prices, Charts, and AnalysisEuro Area business activity remains weak.EUR/USD fails its first re-test of 1.1000 Recommended by Nick Cawley Recommended by Nick Cawley FX Trading Starter Pack Get My Guides Most Read: ECB Keep Rates Steady with...
The JPY is the strongest and the EUR is the weakest as the North American session begins
TGIF. The JPY is the strongest and the EUR is the weakest as the North American session begins. The USD is mostly but moderately lower. The greenback is only higher vs the EUR and GBP. Yesterday, the EURUSD moved higher on follow through buying after the FOMC rate...
ForexLive European FX news wrap: Euro falls after soft PMI data
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,...
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Stocks remain in a comfortable spot ahead of North America trading
A more dovish Fed has been a tailwind for risk trades and even after some late profit-taking yesterday, it doesn't dull the shine from earlier in the week. European indices are maintaining a good mood today with the DAX and CAC 40 both having hit fresh record highs...
Eurozone October trade balance €11.1 billion vs €10.0 billion 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,...
ECB’s Holzmann: There was no discussion of a change to rates at latest meeting
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 – We are at a 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...
UK December flash services PMI 52.7 vs 51.0 expected
Prior 50.9Manufacturing PMI 46.4 vs 47.5 expectedPrior 47.2Composite PMI 51.7 vs 50.9 expectedPrior 50.7This is a contrast to the euro area data from earlier, as the UK economy is seen picking up further towards the end of the year. Overall activity is bolstered by...
China says to extend interbank foreign currency trading hours
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,...
Eurozone December flash services PMI 48.1 vs 49.0 expected
Prior 48.7Manufacturing PMI 44.2 vs 44.6 expectedPrior 44.2Composite PMI 47.0 vs 48.0 expectedPrior 47.6Overall business activity declined further in the euro area in December, reaffirming that the region is in recession mode to wrap up the year. New business inflows...
Euro dips further as German PMI also disappoints
EUR/USD 5 mins chartEUR/USD is slipping further to 1.0950 levels from around 1.0970 earlier after the French PMI data, as the German PMI data here confirms a recession in Europe to end the year. The pair does have some large option expiries at 1.0950, so that could...
Germany December flash manufacturing PMI 43.1 vs 43.2 expected
Prior 42.6Services PMI 48.4 vs 49.8 expectedPrior 49.6Composite PMI 46.7 vs 48.2 expectedPrior 47.8It's a wake up call for the euro as traders are reminded that the economy is indeed headed for a recession to wrap up the 2023 year. These are some poor figures overall...
Euro retreats slightly after poor French PMI data
EUR/USD is down from 1.0996 to 1.0970 currently with EUR/GBP also easing from 0.8608 to 0.8595 at the moment. This follows the poor French PMI data here, with services activity slumping to a 37-month low and manufacturing output also sliding to a 43-month low. The...
France December flash services PMI 44.3 vs 46.0 expected
Prior 45.4Manufacturing PMI 42.0 vs 43.3 expectedPrior 42.9Composite PMI 43.7 vs 45.0 expectedPrior 44.6That's a notable miss on estimates with both the services and manufacturing sectors contracting further than in November. That's not a good vote of confidence to...
European equities look to positive spirits in final day of the week
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,...
ECB’s Villeroy: Next policy move should be lowering rates barring any surprises
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,...
France November final CPI +3.5% vs +3.4% 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,...