The major US stock indices are opening lower with the NASDAQ index leading the way. The market awaits the Fed minutes at 2 PM ET followed by probably the most important release for the week, Nvidia earnings after the close. Shares of Nvidia are currently down -1.5%...
The USDCHF remains above the 100 day MA and 50% retracement. Key support at 0.8785.
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BOE’s Dhingra: UK consumption remains below pre-pandemic in contrast to US and eurozone
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 forex day with a technical review of the EURUSD, USDJPY and GBPUSD
The EURUSD tried to extend below it 100-day moving average 1.07959, but could not sustain downside momentum. As a result, the pair is trading back between its 100-day moving average below 1.07959, and it 200-day moving average 1.08248. That is a neutral technical...
Another light day on the US economic calendar with eyes focused on Nvidia
AI imageWelcome to Wednesday.Yesterday's trading was surprisingly volatile given the lack of news on the calendar so I wouldn't rule anything out today. That said, there once again won't be much to digest today.In terms of data, there's nothing from there US but we do...
Canada January new housing price index -0.1% vs 0.0% prior
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Fed’s Barkin: The big picture of US data on inflation and jobs has been remarkable
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ForexLive European FX news wrap: Dollar little changed with Fed minutes in focus
Headlines:Markets:NZD leads, EUR lags on the dayEuropean equities mostly higher; S&P 500 futures down 0.2%US 10-year yields down 1.5 bps to 4.26%Gold up 0.3% to $2,028.74WTI crude down 0.5% to $76.26Bitcoin down 1.6% to $51,190It was a quiet session once again, as...
US MBA mortgage applications w.e. 16 February -10.6% vs -2.3% 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,...
UK February CBI trends total orders -20 vs -30 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,...
German Cabinet reportedly approves report slashing GDP growth forecast for this 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,...
Dollar holds steady, awaits FOMC meeting minutes
Once again, it's been a rather dull session so far in European morning trade. Major currencies are not doing a whole lot, having little to work with in general this week. The dollar is steady on the day, trading near flat levels against the euro, yen, pound and loonie...
Capex, dividends, or buybacks?
The year has just begun, and US companies are planning a $155 billion share buyback. In total, forecasts for 2024 put this figure at $885 billion, 10% more than in 2023 but still 4% below the 2022 record.For investors, this intel should be a big deal. Since 2011,...
UBS Wealth Management pushes back Fed rate cut forecast to June from May previously
The firm also now expects the Fed to deliver just 75 bps of rate cuts this year, as opposed to the 100 bps in their previous forecast. On the change: "Given the upside surprises to both payrolls and inflation, we now expect the Fed to wait a bit longer before cutting...
Japan downgrades view on economy on consumer struggles
The Japanese government notes that the economy is now "recovering moderately though it appears to be stalling recently". This syncs up with their view on consumer spending, which has also been slashed for the first time in two years. They note that a pickup in that...
Light gains at the open as European stocks come to play 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,...
FX option expiries for 21 February 10am New York cut
There are just a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at around 1.0778-80, which could help to limit any downside action in the session ahead. That also sits near the 100-hour moving average, seen at 1.0776 currently....
Chinese stocks keep with the rebound but squares up against key technical test
The Chinese plunge protection team looks to have restored some slight confidence, bolstered by the loan prime rate cut yesterday here. That is helping to see domestic stocks stick with the recent rebound with the Shanghai Composite closing up 1.0% today and the CSI...
A placeholder session before the FOMC meeting minutes
Major currencies are mostly subdued with risk appetite also sapped to start the day. The aussie and kiwi are decent movers, carrying over the momentum from yesterday here. Meanwhile, the dollar remains steady with EUR/USD holding near 1.0800 and USD/JPY still gyrating...
Natural gas looks to come up for air?
The selling since the end of January has been rather unrelenting. And that saw natural gas prices sink to a 3½-year low at one point earlier this week. A much warmer winter has been all the rage and the shutting down of the Freeport terminal in Texas at the end of...