Risk assets are rallying today and the US dollar is falling. That's normally a good mix for bitcoin but after touching the best levels since May 2022, bitcoin has reversed lower.The high was $35,197, which is a handful of dollars above last week's ETF-optimism...
US dollar sinks as the bond market tries to call a top in yields
The US dollar is under pressure following a soft ISM manufacturing report.The main catalyst is the bond market as yields fall 7-10 bps across the curve. US 10-year yields have backed further away from 5%.US 10sThe Treasury announced new auction sizes for bonds today...
EIA weekly crude oil inventories +774K vs +1261K 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,...
JOLTS job openings for September 9.553M versus 9.250M 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,...
US September construction spending +0.4% vs +0.4% 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,...
US September ISM manufacturing PMI 46.7 vs 49.0 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,...
US S&P Global manufacturing PMI final for October 50.0 vs 50.0 prelim
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,...
Canada S&P Global October manufacturing PMI 48.6 vs 47.5 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,...
US dollar slimbs as the market preps from another round of economic data
The US dollar is at the highs of the day against the euro and pound.It's been a mixed picture following ADP data and the quarterly refunding announcement. Both put downward pressure on yields and that helped to lift AUD/USD but elsewhere the dollar is...
SNB’s Jordan says rate hikes not ruled out
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,...
Treasury refunding announcement sees 10-year note sales rise $2 billion vs $3 billion exp
2 year auctions increase $3 billion/month3 year auctions increase $2 billion/month5 year auctions increase $3 billion/month10 year auctions increase $2 billion/month30 year auctions increase $1 billion/monthTotal coupon sizes at $112 billion vs $114 billion expected...
ADP US October employment +113K vs +150K expected
US ADPDetails:small (less than 50 employees) +19K vs +95K priormedium firms (500 – 499) +78K vs +72K priorlarge (greater than 499 employees) +18K vs -83K priorChanges in pay:Job stayers 5.7% vs 5.9% priorJob changers 8.4% vs 9.0% prior“No single industry dominated...
It’s Fed day but that’s not all with ADP, ISM and quarterly refunding on tap
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 steady ahead of the main events later today
Headlines:Markets:JPY leads, EUR lags on the dayEuropean equities marginally lower; S&P 500 futures down 0.4%US 10-year yields up 3 bps to 4.905%Gold flat at $1,983.54WTI crude up 2.0% to $82.65Bitcoin down 0.7% to $34,425It was a more tentative session as we turn...
One of Japan’s biggest banks have raised its deposit rates for the first time in 12 years
One of Japan's top lenders, MUFG Bank (the banking arm of Mitsubishi UFJ) has said that it will lift the interest rate of its 5-year and 10-year yen deposits for the first time since 2011. The former will see a bump from 0.002% to 0.07% while the latter will see a...
US MBA mortgage applications w.e. 27 October -2.1% vs -1.0% 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,...
Equities in a more cautious mood so far on the day
S&P 500 futuresAt the turn of the month, it's not looking too optimistic for stocks ahead of the main events later today. US futures are still pointing lower after a brief recovery at the start of European trading. In turn, European indices are also now trading...
iFX EXPO Dubai 2024 – What’s New and Why You Need to Attend
Coming this January 16-18 at the Dubai World Trade Centre, iFX EXPO Dubai 2024, the industry’s biggest expo series, will be showcasing a new emphasis on the B2C trading space. This includes the freshly launched Traders Arena and Lounge, an exclusive environment for...
UK October final manufacturing PMI 44.8 vs 45.2 prelim
Prior 44.3It's just a slight downwards revision as UK manufacturing output, new orders and employment all showed declines in October. Meanwhile, business optimism fell further to a ten-month low. S&P Global notes that:“The UK manufacturing downturn continued at...
Exploring the Latest Features and Updates in the YaMarkets Trading Platform
In the fast-paced world of financial trading, staying ahead of the curve is crucial. YaMarkets, a leading player in the online trading industry, recognizes this and has recently made significant upgrades to its platform. In this article, we'll discuss the latest...