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,...
Weekend: ECB chief economist Philip Lane nominates June ‘key data’ for rate cuts
European Central Bank chief economist Philip Lane spoke in an interview with Italian daily Il Corriere della Sera, the interview was published on Saturday.Lane discussed key wages data not becoming available until June (the ECB meet on the 6th that month)"By our June...
Weekend: Ex-PBoC official says China’s property downturn may continue for two more years
Sheng Songcheng is a former director of the People’s Bank of China’s statistics and analysis department. He was speaking at a forum in Shanghai on Saturday.Said that the property downturn in China is likely to persist for two more years. It will begin to regain...
Economic calendar in Asia 15 January 2024 – a light one
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,...
Trade ideas thread – Monday, 15 January, insightful charts, technical analysis, ideas
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,...
Monday morning open levels – indicative forex prices – 15 January 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,...
Markets Week Ahead: Gold Bid, US Dollar Struggles, US Equities Eye Fresh Highs
Markets Week Ahead: Gold, Euro, British Pound, US DollarFor all market-moving economic data and events, see the DailyFX CalendarDownload our Brand New Q4 Equities Forecast Below: Recommended by Nick Cawley Get Your Free Equities Forecast Get My Guide US equities...
Weekly Market Outlook (15-19 January)
UPCOMING EVENTS:Monday: PBoC MLF, US Markets closed for MLK Day, BoC Business Outlook Survey.Tuesday: UK Labour Market report, Canada CPI, Fed’s Waller. Wednesday: China Industrial Production and Retail Sales, UK CPI, US Retail Sales, US Industrial Production, US NAHB...
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Why the bitcoin ETF inflows are a huge disappointment
On Thursday -- just 30 minutes after the launch of the first US spot ETFs -- bitcoin touched a 21-month high of $49,051.The peak of the hype in the first half hour is exactly what you would have expected but in the two days that followed, it's fallen 12%, raising some...
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Forexlive Americas FX news wrap: Big big bid at the front end continues but USD unfazed
Markets:Gold up $19 to $2047US 10-yaer yields down 3.4 bps to 3.94%US 2-year yields down 11 bps to 4.15%WTI crude oil up 77-cents to $72.72S&P 500 up 4 points to 4783JPY leads, EUR lagsThe big question everyone is asking for the second day is: Why such a strong...
US stocks are closing the day mixed. The major indices close the week higher.
The major US stock indices are ending the day with mixed results. The Dow was lower on the day and although both the S&P and Nasdaq closed higher, it was only by modest changes. Nevertheless, the Nasdaq is now up 6 consecutive days after starting the New Year on...
The AUDUSD is ending an up and down week with bearish tilt but there is work to do
The AUDUSD technicals are closing what has been an up-and-down trading week with a bias to the downside. That is a result, of the price action that has taken the price back below the 200 and 100-hour MAs at 0.6711 and 0.6700. Staying below those MAs tilts the bias...
Canadian retail spending ticked lower in December – RBC
Retail spending from Canadian consumers at the country's largest bank suggests a slight decrease in spending, with hardly any improvement year-over-year."Purchases of physical merchandise (excluding motor vehicles) ticked lower in December," RBC said in its month...
Reminder: Monday is a holiday in the US
US markets are closed on Monday so it will be a quiet one. However Asian, European and Canadian markets are open and the forex market never closes for holidays.Globally, eyes on Monday will be on stock markets in Taiwan (and China) following Saturday's election.Data...
Crude oil settles at $72.68
Crude oil futures falls from highs but find support at MAsCrude oil futures are settling at $72.68. That represents a gain of $0.66 or 0.92%. The high-priced extended to $75.25. The low price reached $72.36. The sharp rise to the upside was spurred on by the US and UK...
US says it expects some sort of retaliation from the Houthis
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,...