The December hangover in markets continues today with the US dollar higher again despite lower yields. Asian stocks were particularly soft but Europe has been solid.I don't think the trading day will really start until 10 am with the release of November ISM services...
ForexLive European FX news wrap: Dollar remains steady, bond yields slip further
Headlines:Markets:JPY leads, AUD lags on the dayEuropean equities mixed; S&P 500 futures down 0.4%US 10-year yields down 6 bps to 4.226%Gold down 0.3% to $2,024.61WTI crude flat at $73.07Bitcoin down 0.6% to $41,7979It was a session mostly swayed by risk flows, as...
Russia says Putin and Saudi crown prince are to discuss OPEC+ cooperation
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,...
Aussie hangs at the lows for the day ahead of North America trading
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,...
Expert technical analysis on the next chinese stock market rebound: Key levels to watch
The Chinese stock market, with its dynamic nature, has always been a point of intrigue for global investors. In a compelling video by ForexLive titled "Don't Miss the Next Chinese Bull Run: Mastering Technical Analysis for the MCHI ETF Rebound," viewers are given an...
USDCAD Technical Analysis – Key trendlines in play
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...
What to Expect from the Bank of Canada’s Next Interest Rate Announcement
●In the previous meeting, Canada's central bank kept its key interest rate at 5%.●The current interest rate is unsustainable for Canadians, and it seems evident that the Bank of Canada will keep the overnight key rate.●The BoC decision on the interest rate is likely...
Competition Heats Up as Nominations Continue for UF AWARDS MEA 2024
Nothing makes a louder statement in a tight industry than being acknowledged as elite amongst your peers. This includes the growing anticipation and hype surrounding the prestigious UF AWARDS MEA 2024, as nominations continue to pour in for the industry’s best...
Reminder: It is jobs week in the US
It's not only central banks and bond yields in focus this week but US data is once again another key point of contention for markets. And even if inflation data has been the main draw in recent months, it would be careless to disregard the US labour market report at...
Eurozone October PPI +0.2% vs +0.2% 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,...
GBPUSD Technical Analysis – Waiting for the breakout of the range
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...
Market Recap: Fears of overbought condition prevail!
The markets giveth and the market taketh away. Red proliferated the screens as profit taking unwound some of Friday’s aggressive rallies. There were no real catalysts to the move, just fears that markets were overbought and rate cut bets too optimistic. Economic...
UK November final services PMI 50.9 vs 50.5 prelim
Prior 49.5Composite PMI 50.7 vs 50.1 prelimPrior 48.7That's a decent improvement in overall business activity, with it expanding for the first time since July. There were slight rises in new work and employment, so that's a positive. However, prices charged inflation...
Some takeaways from the euro area PMI data today
Let's keep this one short. The first key takeaway is that we're finally starting to see cracks in the labour market as the economic slowdown continues. The downturn in the euro area economy may not be worsening but evidently it is still taking a toll on the jobs...
ECB survey highlights steadying inflation expectations as growth prospects remain gloomy
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 November final services PMI 48.7 vs 48.2 prelim
Prior 47.8Composite PMI 47.6 vs 47.1 prelimPrior 46.5The downturn in the euro area economy extends to a sixth month in a row now but at least it is seen easing in November. That being said, we're finally starting to see cracks in the labour market as employment...
Germany November final services PMI 49.6 vs 48.7 prelim
Prior 48.2Composite PMI 47.8 vs 47.1 prelimPrior 45.9That's a decent revision higher, which shows that the German services sector just marginally contracted last month. This comes as the downturn in new businesses are seen easing. However, wage pressures are...
France November final services PMI 45.4 vs 45.3 prelim
Prior 45.2Composite PMI 44.6 vs 44.5 prelimPrior 44.6Demand conditions continue to falter and put a drag on France's services sector, as new orders slumped at its quickest pace in three years. Employment conditions also suffered amid the economic drag, with it being...
Italy November services PMI 49.5 vs 48.2 expected
Prior 47.7Composite PMI 48.1Prior 47.0The contraction in the services sector eases in November but the main thing to note is that inflation pressures are flaring up again. Firms signaled a steeper rise in operating costs and passed that on to consumers through greater...
BOE rate cut pricing starts to favour June next year as first move
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,...