Bitcoin, the world's first decentralized cryptocurrency, has emerged as a groundbreaking innovation that has revolutionized the financial landscape. The diffusion of this innovation can be analyzed through the lens of the Diffusion of Innovation theory, which provides...
UK public inflation expectations for the year ahead seen at 3.3% – BOE survey
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,...
Something’s gotta give in EUR/USD
The chart is certainly an intriguing one as the euro snapped a run of six straight days of losses against the dollar in trading yesterday. But the pair is now down 0.2% to 1.0780 with price caught in between its 100-day (red line) and 200-day (blue line) moving...
Central Banks’ Divergent Paths: ECB Signals Caution, BoE Stays the Course
As the European Central Bank (ECB) and the Bank of England (BoE) gear up for their upcoming meetings, market participants eagerly await signals that will shape the economic landscape in 2024. While both banks are expected to maintain interest rates, their perspectives...
Treasury yields sit higher so far today but downtrend still intact for now
US Treasury 10-year yields (%) daily chartIf you go by the technicals, there is still more pain for bond bears after the strong rally in bonds in November. December itself is already following a similar pursuit, with 10-year Treasury yields down by 15 bps on the month...
USDCAD Technical Analysis – Watch what happens around this key resistance zone
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 US Core PCE last...
Hot stocks defying market gravity: Resilience signals potential for further growth
Hot Stocks Surging Against Market Trends on December 7, 2023Despite a sluggish market on December 7, 2023, several hot stocks today exhibited remarkable resilience, suggesting a potential for further upward trends.Rising Stocks Defying Market Gravity:Tornd Holdings...
EU reportedly considers restarting WTO case against the US on steel tariffs
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,...
USA100: Alphabet Announces New AI and Stock Soars 5%
USA100 – Alphabet Stocks Rise 5% Yesterday’s Market Analysis pointed to the potential for the USA100 to correct and regain Wednesday’s losses. Yesterday’s analysis also mentioned “the index is not within a short-term downward trend and each time the USA100...
China’s Politburo says will maintain prudent monetary policy next year
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,...
European stocks slightly higher, US payrolls still eyed
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,...
FX option expiries for 8 December 10am New York cut
There are a couple to take note of, as highlighted in bold.And they are both for EUR/USD at the 1.0750 and 1.0800 levels. As such, that is likely to help keep price action more contained in between that range before we get to the US jobs report later today. After the...
Germany November final CPI +3.2% vs +3.2% 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,...
US jobs report the main draw in trading today
The dollar is trading more mixed and lightly changed overall, with the Japanese yen still stealing the spotlight after the volatile moves since yesterday. It's all about the US jobs report today and that itself will also have implications for broader markets, with...
Japanese yen still in the spotlight amid volatile trading
Despite that, the pair is just down 0.3% or roughly 40 pips to around 143.70 at the moment. The low earlier clipped 142.50 before a slight bounce. As things stand, the more important technical levels in play were the ones tested in trading yesterday:USD/JPY daily...
ForexLive Asia-Pacific FX news wrap: USD/JPY swings down to 142.50, comes back to 144
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,...
RBC anticipates a modestly weaker non-farm payroll report
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,...
Barclays analysts predict single-digit returns for US equities in 2024
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,...
Oxford Economics predicts push back on rate cut expectations in the upcoming FOMC meeting
A note from Oxford Economics cited by Dow Jones / Market Watch. The chief US economist at the analyst firm says that bond and stock market moves in November, the big rallies in each, has made financial conditions much looser again:"The decline in yields and surge in...
US non-farm payrolls data – the key ranges for estimates to watch
The US non-farm payrolls data is due at 8.30 am US Eastern time on Friday, 8 December 2023. The ranges for the key data points are:Headline number 100K to 275KUnemployment rate 3.8% to 4.0%Average earnings m/m 0.2% to 0.4% (for the y/y 3.9 to 4.2%)And, while I'm here,...