Happy Fed day.The second day of the FOMC meeting starts at 10 am ET and will conclude with a decision at 2 pm ET and a press conference 30 minutes afterwards.Before that we get the November PPI report. With CPI already released yesterday, this report is downgraded to...
The CAD is the strongest and the NZD is the weakest as the NA session begins
The strongest to the weakest of the major currenciesThe CAD is the strongest and the NZD is the weakest as the NA session begins. The USD is mostly stronger ahead of the PPI data at 8:30 AM ET and the FOMC rate decision at 2 PM. The New Zealand government, under its...
ForexLive European FX news wrap: Pound drops, dollar steady awaiting the Fed
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,...
Things Successful Traders Have in Common
Successful traders possess certain qualities and habits that set them apart from the rest. These traits contribute to their consistent profitability and long-term success in the financial markets. Here are some key characteristics shared by successful...
OPEC says recent drop in oil prices caused by “exaggerated concerns” about demand growth
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,...
Trading Based on Economic News
In the world of finance and investments, trading based on economic news plays a crucial role. Economic news refers to any information or data that pertains to the state of the economy, including indicators such as GDP growth, employment rates, inflation, and interest...
The Dynamics of Stock Market Bubbles
A stock market bubble refers to a situation in which the prices of stocks are driven to high levels, often far exceeding their fundamental values. These bubbles are characterized by a rapid increase in share prices followed by a sudden and significant decline....
What’s Your Trading Risk Tolerance?
Trading in the financial markets can be a highly rewarding venture, but it also comes with its fair share of risks. One important factor to consider before engaging in any trading activity is your risk tolerance. Understanding and defining your risk tolerance is...
US MBA mortgage applications w.e. 8 December +7.4% vs +2.8% 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,...
2024년 새로 생기는 5가지! 지원금 제도 13가지!
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Germany’s Scholz says to stick with debt brake for 2024 budget
As a reminder, the debt brake serves to cap spending by the government and limits the country's structural budget deficit. Scholz says that should the Ukraine conflict become worse, the government will have to respond by looking to declare an emergency exception for...
A more straightforward one for the SNB tomorrow?
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 October industrial production -0.7% vs -0.3% m/m 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,...
The Parallel Reality of Statistics
Statisticians took a page out of Marvel's book and decided to create their multiverse, constantly showing an alternate reality of the current state of the economy.And it is happening not only in emerging markets but also in developed economies, including the U.S.,...
Japan at a critical stage on whether it can emerge from deflationary mindset, says Kishida
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 November M2 money supply +10.0% vs +10.1% y/y 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,...
Fed could struggle in convincing markets at today’s meeting – TD
The firm argues that the Fed will want to at least try and maintain a more hawkish hold but "may struggle to send a sufficiently hawkish message" to markets. TD says that a softer guidance in acknowledging a slowdown in the economy while conveying a lesser bias...
The UK Economy Unexpectedly Contracts! US Inflation Remains Stubborn
The USA100 continues to be the best performing index, increasing by 0.90% and more than 50% in 2023 in total. The main price driver was the US inflation data which more or less read as per expectations. The US inflation rate has declined from 3.2% to 3.1% but the core...
Finance Magnates Announces Lineup of Premium Events for 2024
Finance Magnates Events is thrilled to announce a series of highly-anticipated premiumevents set to captivate the financial industry in 2024. These gatherings promise unparalleled opportunities for networking, knowledge sharing, and industry advancement. Mark your...
FX option expiries for 13 December 10am New York cut
There are just a couple to take note of for the day, as highlighted in bold.The first being for EUR/USD at 1.0790, which could keep price action more contained before the expiries roll off later in the day. That would match up with the lack of trading appetite as...