S&P global PMI for Canada fall to lowest since May 2020Highlights from S&P Global on the PMI:Intensified Downturn in Manufacturing Sector: Canada's manufacturing sector experienced an accelerated decline in output and new orders in December.Job Losses and...
US stock futures signal lower open as tech giants struggle; Bitcoin hits new high
The major US index futures are implying a lower opening for the major indices. The S&P index is down -31 points. The Dow Industrial Average down -181 and the Nasdaq index is down -152.68 points.Tesla reported Q4 deliveries of 484,507 which was higher than the 473K...
EURUSD, USDJPY, and GBPUSD: Technical Analysis and Trading Targets to kickstart the US day
The USD is stronger versus the three major currencies - the EURUSD, USDJPY and GBPUSD. In this video take a look at both the daily and hourly charts to get our feet under us as we start the new trading year. What is the bias? What is the risk and the targets going...
Fintech360’s New Unified Communication Hub Sets New Standards
With over a decade of experience in the Forex market, Fintech360, a leading provider of innovative fintech solutions, is at the forefront of CRM technologies with its groundbreaking Communication Hub - a transformative solution that significantly improves interaction...
The USD is the strongest and the CHF is the weakest as the NA session begin
The snapshot of the strongest to the weakest of the majorsAs the new year begins, the snapshot of the forex market is showing the USD is the strongest and the CHF is the weakest. The US stocks have moved lower to start the year after solid gains in 2023. The Nasdaq...
ForexLive European FX news wrap: Dollar on the move as stocks slip
Headlines:Markets:USD leads, JPY and CHF lag on the dayEuropean equities mostly lower; S&P 500 futures down 0.7%US 10-year yields up 9.8 bps to 3.960%Gold up 0.2% to $2,066.95WTI crude up 2.0% to $73.07Bitcoin up 4.2% to $45,470The day started off like it would be...
Some never-too-early forecasts for the S&P 500 this year
I'll just get straight to it and it does look like not many houses are looking for extravagant gains in stocks for this year, or at least for the S&P 500 index. Here's the list:Citigroup - 5,100Morgan Stanley - 4,500JP Morgan - 4,200BofA - 5,000Wells Fargo -...
Opening day in markets is always a tricky one
In the final two months of last year, market players were convinced that the disinflation narrative is going to prevail and that major central banks are going to cut rates much sooner than anticipated. That resulted in aggressive pricing for rate cuts, which saw the...
Stocks turn lower as the early optimism fades
There was so much promise and hope for equities coming into the new year but we're seeing all of that get dashed on opening day as the mood turns sour. US futures were little changed and marginally higher to start the session but are now down all the way amid a steep...
Dollar sits mostly firmer to start the day
It is only the Australian dollar that is sitting higher than the US dollar in trading so far today. Traders adopted a more risk-on approach early on but we have seen equities pare most of that gains in European morning trade as flows are slowly trickling back in to...
All runways at Tokyo’s Haneda Airport now closed after airplane was caught in flames
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,...
UK December final manufacturing PMI 46.2 vs 46.4 prelim
Prior 47.2Output, new orders, and employment conditions all declined in the UK manufacturing sector at the end of last year. And that suggests that overall activity remains weak with a rather uncertain outlook. Of note, business optimism also dipped further to a...
UK shop price inflation seen at lowest since June 2022
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 M3 money supply -0.9% vs -1.0% y/y 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,...
Eurozone December final manufacturing PMI 44.4 vs 44.2 prelim
Prior 44.2The reading is a 7-month high, helped by a modest improvement in German manufacturing conditions. That being said, this still marks a significant contraction in the euro area industry with the outlook for this year also still up in the air. The worry here is...
Germany December final manufacturing PMI 43.3 vs 43.1 prelim
Prior 42.6Even with a strong contraction in manufacturing conditions, this is still a 8-month high reading for Germany - which speaks more to how bad things got at some point last year. But at least now, new orders are seen declining at its slowest rate since April...
France December final manufacturing PMI 42.1 vs 42.0 prelim
Prior 42.9Little change to the initial estimate but this still marks a substantial contraction in France's manufacturing output and new orders to end the year. Of note, employment conditions deteriorated as well last month. HCOB notes that:"The French manufacturing...
Italy December manufacturing PMI 45.3 vs 44.4 expected
Prior 44.4Output and new orders fell but at a slower pace to end the year, but both are observing nine straight months of declines so that paints a better picture overall of Italy's manufacturing sector. HCOB notes that:“Italy's manufacturing industry wraps up the...
Quadcode Markets Releases A New Interface
Quadcode Markets, an EU-regulated CFD broker, has introduced a number of substantial updates to its interface. These improvements simplify navigation and analysis, further enhancing traders’ platform experience.1. Asset Selector: A new feature allows traders to set...
Aftershocks continue in Ishikawa as magnitude 4.6 earthquake reported
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,...