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,...
ECB’s Muller: I would like to see Q1 wage data before moving on rates
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,...
Nasdaq gives up gains, US dollar fights back
Shares of Nvidia opened more than 4% higher but have pared that to just +0.4%, falling back through $800.At the same time, the Nasdaq has shed an opening gain and is down 0.2% with selling led by a 9% drop in shares of Booking.Profit taking is the order of the day and...
The immigration wars are just getting started
The least-talked-about secular trend right now is diminishing enthusiasm for immigration in the west.It's real and it will have profound implications for economic growth, demographics and inflation. I've seen it first-hand in Canada, which is typically the most-open...
Let’s say the market is right about Nvidia
Shares of Nvidia are up 4% today and set for a seventh consecutive week of gains. The rally in shares of the chipmaker since the start of November has been one of the most-impressive market moves ever. It's now the third-largest company in the world, behind only...
US equities slated to open higher, Nvidia leading the charge again
S&P 500 futures have turned higher in the past hour, climbing from flat levels to +0.35%. The index closed at a record high of 5087 yesterday, fuelled by a 16% gain in Nvidia. Shares of the chipmaker are once again driving gains today, with shares up $20, or 2.5%,...
US dollar sags after Harker and Waller highlight Fed still on track to cut
USDJPY 10 minsThe US dollar is moderately lower today as the market sorts through another week of data and Fedspeak.We heard from Fed Governor Waller in Asia-Pacific trading and he was candid as usual. He said the recent CPI report was a reminder that progress on...
Oil falls with Gaza talks set to begin in Paris
WTI crude oil is down $1.40 to $77.21 today in large part due to the possibility of a ceasefire in Gaza over the weekend.Israeli officials have arrived in Paris for talks that also include Egypt, Qatar and the United States.In late January there was a proposed a...
ECB’s Nagel: We should act on data, not steps by other central banks
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,...
Weekly Market Recap (19-23 February)
Over the weekend the PBoC left the MLF rate unchanged at 2.50% as expected.PBoCThe New Zealand Services PMI jumped back into expansion in January:Services PMI 52.1 vs. 48.8 prior.New Zealand Services PMIThe Canadian January PPI came in line with expectations with a...
The economic calendar is barren today
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,...
ForexLive European FX news wrap: Dollar set for first weekly drop for the year
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,...
ECB’s Lagarde says Q4 2023 wage numbers are encouraging
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,...
Gold Weakened after Fed Officials Signalled a Preference to Delay Rate Cuts
Gold (XAU/USD) AnalysisFed officials communicated that they are in no rush to start the cutting cycle amid a strong US economy, emboldened consumer and potential Red Sea escalationGold prices have edged lower towards the end of the week as Fed officials spur on USDThe...
Title: The DAX Rises to New Highs, But Will Inflation Allow Further Gains?
The German DAX again renews its all-time highs after rising a further 1.58% on Thursday. In the month of February, the GER40 has risen 3.33% so far. The German DAX is being supported by the rise in the global market’s risk appetite as well as the expectations of a...
Major currencies stay muted in European trading
It's been a quiet one in terms of movement in European trading today. The dollar is steady as major currencies are showing very little appetite, with most dollar pairs seeing less than 10 pips change at the moment. It is only USD/JPY which is up slightly to 150.71,...
ECB’s Nagel: It is too early to cut rates even if a move appears tempting to some
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,...
ECB’s Schnabel: Monetary policy has had a weaker impact on dampening services demand
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,...
Euro (EUR) Price Latest – EUR/USD Testing 200-SDMA Resistance, EUR/GBP Slipping Into Support
EUR/USD, EUR/GBP and EUR/JPY - Prices, Charts, and AnalysisGerman economy remains weak, official data shows.EUR/USD uptrend in focus.Learn How to Trade Economic News with our Free Guide Recommended by Nick Cawley Trading Forex News: The Strategy Get My Guide German...
Market Recap – Global Rally Pushing Valuations To Record Highs Across the US, Europe & Japan
Economic Indicators & Central Banks: It was all about Nvidia. Nvidia got a $277 billion 1-day boost to its market capitalization yesterday – the biggest single-session increase in value ever!(the previous record was a $197 billion gain by Meta Platforms...