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 trades higher into US CPI data
EURUSD moves higher ahead of US CPI dataThe EURUSD is trading higher ahead of the US CPI data. The headline CPI is expected at unchanged for the month and +0.3% for the core. The gains in the EURUSD today were supported by better-than-expected ZEW sentiment data...
Final Countdown Underway to iFX EXPO Dubai 2024
The countdown to the leading online trading expo in the MENA region is on, with only five weeks remaining until the iFX EXPO Dubai 2024 kicks off! This landmark event will look to bridge the gap between brokers and traders, offering the ideal platform for both to...
Why today’s US CPI report is less likely to spark a big market reaction
US CPI m/mThis post has the potential to age terribly at the bottom of the hour when CPI is released but I think the days of huge market reactions to CPI are over.BMO puts it this way:"We’re left to ponder whether the core-CPI figures will be traded with as much...
ForexLive European FX news wrap: Dollar sags in run up to CPI
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 Use of Blockchain Technology in Tracking Funds and Resources
Blockchain technology has gained significant attention in recent years due to its potential in revolutionizing various industries. One particular area where blockchain technology has shown promise is in tracking funds and resources. In this article, we will explore...
China says will consolidate and enhance economic recovery
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 Rise and Implications of Mobile Banking
Mobile banking has grown rapidly in recent years, revolutionizing the way people interact with their finances. With the increasing penetration of smartphones and the internet, mobile banking has become a convenient and accessible method for individuals to manage their...
US November NFIB small business optimism index 90.6 vs 90.7 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,...
The Impact of Cryptocurrency on Traditional Banking
Cryptocurrency has emerged as a disruptive force in the financial world, challenging traditional banking systems and revolutionizing the way people transact and store value. With the advent of Bitcoin in 2009, followed by an explosion of other cryptocurrencies such as...
China confirms that it held its annual Central Economic Work Conference this 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,...
Yields lower awaiting US CPI data
US Treasury 10-year yields (%) daily chart10-year yields in the US are down over 4 bps to 4.193% currently, keeping with the downtrend still since the drop from 5% at the end of October. The lower yields today is also partly weighing on the dollar at the moment, with...
USDCAD Technical Analysis – Waiting for a breakout
USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement.Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.The latest US Core...
FBS in 2023: A Year of Recognition and Unprecedented Achievements
FBS, the leading global broker, summarizes 2023 and celebrates its remarkable achievements. Following its mission of being a reliable financial services provider, FBS has ensured growth opportunities for its clients by enhancing trading conditions, expanding its...
Inflation data today to help keep the Fed status quo?
Barclays says that they expect core CPI to tick higher in November by 0.3%, “with the firming in the core services component only partly offset by modest deflation in goods”. Adding that last month's report likely "exaggerated" disinflationary pressures, as they see a...
Germany December ZEW survey current conditions -77.1 vs -76.0 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,...
Global Stocks Rise Ahead of Today’s US Inflation Announcement!
The USA100 is increasing in value for a seventh consecutive week and continues to renew its highs for 2023! The USA100 is only 0.65% lower from fully regaining all of the “lost ground” from 2022. The asset saw a sharp decline after the Ukraine-Russia conflict and the...
Fed rate cut in March too soon but remains a possibility – BofA
The firm forecasts an increase in core consumer price inflation by 0.32% on the month in November, largely due to “swings in volatile components”. Elaborating on that, BofA says:“We expect used car prices to increase because wholesale prices temporarily rose in both...
Impact of US CPI data to near-term monetary policy outlook should be limited – Nomura
The firm expects core consumer price inflation to move up by 0.3% in November, similar to economist estimates, citing a rebound in some of the volatile components that declined in October, including used vehicle prices and airline fares."An expected rebound in monthly...
European equities a touch higher to start the day
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,...