WTI crude prices are down 5% today in a rout that's followed Saudi Arabia's move to lower the official selling price for February-loadings of Arab Light oil to Asia by $2 a barrel.The move has increased concern that the market is oversupplied in Q1, which is...
Major US stock indices are opening the week mixed. Dow lower. S&P and NASDAQ higher
The major US stock indices are opening with mixed results. The Dow Industrial Average is lower while the S&P and NASDAQ indices are higher. A snapshot of the market currently shows:Dow Industrial Average -110 points or -0.30% at 37356S&P index +11.77 points or...
Start your FX trading on January 8 with a technical analysis of EURUSD, USDJPY, and GBPUSD
As the week gets started there is a lack of commitment from traders today as the price moves up and down in the EURUSD, GBPUSD and USDJPY. EURUSD. The EURUSD sellers had their shot earlier today, falling below its 50% midpoint of the December trading range. That level...
Eyes are on the bond auction schedule this week
The first significant supply of Treasuries comes to the market this week, with a trio or auctions starting on Tuesday.All the auctions are at the usual time at 1 pm ET:Tuesday $52 billion in 3sWednesday $37 billion in 10sThursday $21 billion in 30sTreasury yields have...
The EUR is the strongest and the AUD is the weakest as the NA session begins
The strongest to weakest of the major currenciesAs the North American session begins, the EUR is the strongest and the AUD is the weakest. The USD is mostly higher in the morning snapshot. Admittedly, the major currencies are largely scrunched together. The order can...
Dismal economic calendar greets North America traders
Happy Monday.Or at least it's a happy one if you hate economic data and central bank speakers. Last week was a busy one due to a full data slate but today will be a further chance to digest non-farm payrolls and the ISM services data because there's nothing on the...
ForexLive European FX news wrap: Dollar keeps steadier, equities remain cautious
Headlines:Markets:JPY leads, AUD lags on the dayEuropean equities mostly a little lower; S&P 500 futures down 0.1%US 10-year yields up 1.7 bps to 4.058%Gold down 1.3% to $2,019.64WTI crude down 2.7% to $71.75Bitcoin up 2.2% to $44,945It was a quieter session after...
Bitcoin races higher as firms look to undercut each other on ETF fees
Bitcoin 5 mins chartFor some context, Fidelity is charging a fee of 0.39% and ARK has also dropped their fee to 0.25% just 20 minutes after BlackRock put in their respective filing. BlackRock's fee structure will actually see 0.20% for the first 6 months or $5 billion...
Gold struggles carry over to the new week, down 1% on the day
Things are really not panning out for gold so far this January, as the precious metal sinks lower in European trading today. It is now down over 1% today and it looks like sellers are leaning towards a push to $2,000 next potentially, if the technicals are anything to...
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In a sector characterised by intense competition and evolving regulatory landscapes, UF Agency has carved out a distinctive niche. Backed by a team of industry veterans and innovative marketers, UF Agency excels in creating high-impact, integrated marketing campaigns,...
Equities trim losses but is this just a brief respite?
S&P 500 futuresIt was down by about 16 points earlier in the session but has since recovered to near flat levels. That has also seen European indices trim losses as well but it remains to be seen if dip buyers are really showing up with much conviction at the...
France will get below 3% inflation in 1H 2024, says Le Maire
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 retail sales -0.3% 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,...
Stocks dribble lower as the pressure from last week keeps up
The Eurostoxx is now down 0.5%, DAX down 0.5%, and CAC 40 down 0.6% on the day. Meanwhile, S&P 500 futures are also struggling and falling to session lows - down 0.4% on the day:S&P 500 futuresThe selling from last week is continuing, even as bond yields are...
Eurozone January Sentix investor confidence -15.8 vs -15.5 expected
Prior -16.8Expectations -8.8Prior -9.8Euro area investor sentiment improves for a third straight month to its highest level since last May. The expectations reading has also improved to its highest since February last year. However, any signs of a strong recovery...
Bond Yields Rise Triggering Fear of Further Stock Weakness
The US Non-Farm Payroll figures for December rose from 199,000 to 216,000 and beat expectations of 168,000. The Unemployment Rate unexpectedly remained low at 3.7% instead of rising to 3.8%. However, the real shock came from the Average Hourly Earnings rising for a...
SNB total sight deposits w.e. 5 January CHF 468.8 bn vs CHF 462.9 bn 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,...
Market Outlook for the Week of 8-12 January
Last week the U.S. jobs report surprised to the upside which could indicate the Fed won't be in a hurry to cut rates. The U.S. economy added 216K jobs in December compared with the 175K analyst expectation. The unemployment rate remained unchanged and the average...
Dollar steadier to start the session as risk stays guarded
The greenback is in a decent spot as the session gets underway, maintaining a slight lead against most of the major currencies bloc. USD/JPY has pared losses from 144.30 to 144.55 now while the dollar is trading to the highs for the day against the likes of the aussie...
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