Attending leading events or expos for introducing brokers (IBs) and affiliates is not just an option but a strategic imperative for professionals looking to stay ahead of the competition in 2024. These events serve as the ultimate melting pots of industry insights,...
USDCAD finds willing sellers versus the high from last week and backs off
The USDCAD moved up to test the high from last week earlier today and backed off near 1.3605. Having said that, the pair last week moved above both its 50% midpoint of the move down from the November 1 high to the December low and also it 100-day moving average. Those...
USD/JPY slides alongside Treasury yields. Tests 150.00
USD/JPY 30 minsThe US dollar is under some pressure as Treasury yield sink. US 10-year yields are down 6.1 bps to 4.15%, which is the lowest since February 13. That drop is weighing on USD/JPY, which is down 49 pips to 105.02.What is driving the move?I'm tempted to...
Is Manual Labor Fading Away, and Should We Brace for Impact?
Productivity has become a crucial concept, considered one of the main drivers of economic growth and competitiveness. However, its definition continues to evolve.For example, the go-to measure in the past was apparent labor productivity: how much a worker or an hour...
New Zealand GDT price index -2.3%
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,...
Kickstart the FX day for March 5 with a technical look at the EURUSD, USDJPY and GBPUSD
To kickstart the US trading day, the above video takes a look at the technicals that are driving the three major currency pairs – the EURUSD, USDJPY, and GBPUSD. What are the technical bias's, the risks, the targets and why will be discussed in this video. What we...
European Producer Inflation Falls -0.9%, But Eyes Fixed on The ECB
The Euro declines against the US Dollar and the Japanese Yen but increases against other European currencies. These include the Swiss Franc and Pound. Investors have their attention fixed on the upcoming Interest Rate Decision by the European Central Bank. The...
Gold hits an all-time high. What’s driving the bids
gold dailyGold is trading like a crypto coin this week.It's up another $22 today to $2137, which breaks the Asian spike high from early December. It's the third straight day of gains in a clear breakout above the $2000/$2100 level that's held up gold several times...
Economic data is in charge: US ISM services highlights the calendar
ISM servicesThe theme so far in 2024 has been the dominance of economic data. Each release re-calibrates Fed expectations and all the market pricing that's built around it.A great example was on Friday when a series of soft second-tier data led to a slump in the US...
Forexlive European FX news wrap: UK services PMI misses expectations
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,...
Dollar trading remains uneventful before ISM Services PMI
The EUR/USD and GBP/USD pairs didn't react much to the services PMIs released today for the U.K. and the eurozone with the market now waiting for this week's ECB meeting. A dovish message from the ECB could put pressure on the euro while a no rush tone may be...
GBPUSD Technical Analysis – Look for the break of the “mini” range
USDThe Fed left interest rates unchanged as expected at the last meeting and dropped the tightening bias in the statement.The US PCE came in line with expectations.The US Jobless Claims missed expectations although the data is still in the recent ranges.The latest US...
I made a shitload of money on this shit coin. What now?
Technical analysis meets crypto shit coins? Or HODL it all and just moon it?Just my personal opinion, traders that made 379% on a possible shitcoin, should at least consider taking Partial Profits at possible technical junctions, even if they love the moon And even if...
China Reveals Ambitious Targets for Growth and Innovation
The decisions taken in China reflected limited changes to its main targets as they were largely in line with expectations. China estimates that its GDP for this year will grow around 5%, while the inflation target will be around 3%. The targeted deficit is 3% of GDP...
Why is gold rising?
Why is gold rising when the market sentiment is risk-on?It seems the the crypto boyz are mooning crypto meme coins, the Nasdaq is making another all time high every month, Nvidia and other AI stocks are faking out the bears again, and rallying... again. So why the...
Eurozone PPI m/m -0.9% vs -0.1% 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,...
U.K. Final Services PMI 53.8 vs 54.3 expected
Prior 54.3.U.K. Final Services PMI prints below expectations at 53.8 vs 54.3.UK Composite PMI Final prints at 53 lower than forecast 53.3, prior 53.3.U.K. service providers saw an improvement in business activity in February fueled by growth in new orders and a slight...
FMAS:24 – Where Traders Meet Top Brokers in Africa
The Finance Magnates Africa Summit (FMAS:24) is coming to Sandton City, South Africa this May 20-22. The premium event is returning for its second year, bringing together traders and top brokers from across the continent. The 2.5-day summit will bridge local and...
Eurozone Final Services PMI 50.2 vs 50.0 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,...
German Final Services PMI 48.3 vs 48.2 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,...