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 retail sales for September 0.4% vs 0.4% estimate
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 October new housing price index MoM -0.4% 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,...
What technical levels are in play for some of the major currencies vs the USD for Nov 22
The European data was yucky (if I can use a favorite word of my grandson). All the data from German GDP, to UK retail sales and flash services and manufacturing data missed the expectations. Only one, UK flash services PMI, was 50.0 or better and it came in right at...
SNB chairman Schlegel: Switzerland needs flexible inflation target, as it currently has
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: Poor PMI data weighs on euro, pound
Headlines:Markets:JPY leads, EUR and GBP lag on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields down 4.2 bps to 4.390%Gold up 1.1% to $2,698.77WTI crude down 0.8% to $69.55Bitcoin up 0.6% to $98,636The big mover on the day is the euro as...
Russia deputy prime minister says oil market is balanced thanks to OPEC+
Novak had graduated from being Russia's energy minister to deputy prime minister but he is still very much involved with OPEC+ matters. In the meeting today, he basically just reaffirmed the partnership between Russia and OPEC. Adding that:"Russia will continue to be...
EURUSD Technical Analysis – The Euro falls to the lowest level since 2022
Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained largely unchanged due to the lack of catalysts at three rate cuts by the end of 2025.This morning, we saw some strong bids in the greenback...
USDCHF Technical Analysis – The USD gets a bid on weak Eurozone PMIs
Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained largely unchanged at three rate cuts by the end of 2025 for the Fed.This morning, we saw some strong bids in the greenback due to the weak...
Capitalize Announcing Prop Trading with One-Step Evaluation Program for Aspiring Traders
Capitalize, one of the leading proprietary trading firms, has announced their "One-Step Evaluation" program that allows easier access to trading opportunities than ever before. As part of this user-friendly process, traders can showcase their talent and get funding in...
Stocks stumble in European morning trade
Equities have now taken a turn lower on the session with European indices seeing red for the most part now. The DAX is now down 0.5% and CAC 40 down 0.8% after the more positive start to the day here. Meanwhile, US futures have also dipped lower with S&P 500...
UK November flash services PMI 50.0 vs 52.0 expected
Services PMI 50.0 vs 52.0 expected and 52.0 prior.Manufacturing PMI 48.6 vs 50.0 expected and 49.9 prior.Composite PMI 49.9 vs 51.8 expected and 51.8 prior.Key Findings:Flash UK PMI Composite Output Index(1) : 49.9 (Oct: 51.8). 13-month low. Flash UK Services PMI...
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
Zircuit, the chain where innovation meets security, today announced its ZRC Token Launch on Monday, November 25th—a key step in building a thriving, decentralized ecosystem. ZRC serves as the foundation of Zircuit’s architecture, enabling participants to receive...
Euro slumps to near two-year low as PMI data disappoints
The euro is sliding in European morning trade as poor PMI data from France and Germany is weighing on the mood in the single currency. The ECB has already highlighted their shift in focus towards the economy and the data today vindicates that. And if anything, it...
Eurozone November flash services PMI 49.2 vs 51.6 expected
Prior 51.6Manufacturing PMI 45.2 vs 46.0 expectedPrior 46.0Composite PMI 48.1 vs 50.0 expectedPrior 50.0The stark drop here is largely attributed to the decline in the services sector, in which activity fell to a 10-month low. However, manufacturing conditions also...
Poor French and German PMI data keeps ECB 50 bps rate cut in play
Money market pricing is now seeing roughly 35% odds of a 50 bps rate cut by the ECB for their December meeting. That is up from less than 20% before the French and German PMI data. Meanwhile, €STR futures are now implying a ~44% probability of a 50 bps rate cut. For...
USDJPY Technical Analysis – We continue to range around key levels
Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar this week as the market awaits new catalysts to push into either direction. The market’s pricing remains mostly unchanged at three rate cuts by the end of 2025 for the Fed.Yesterday, we...
Germany November flash manufacturing PMI 43.2 vs 43.0 expected
Manufacturing PMI 43.2 vs 43.0 expected and 43.0 prior.Services PMI 49.4 vs 51.6 expected and 51.6 prior.Composite PMI 47.3 vs 48.6 expected and 48.6 prior.Key findings:HCOB Flash Germany Composite PMI Output Index(1) at 47.3 (Oct: 48.6). 9-month low. HCOB Flash...
France November flash services PMI 45.7 vs 49.0 expected
Prior 49.2Manufacturing PMI 43.2 vs 44.5 expectedPrior 44.5Composite PMI 44.8 vs 48.3 expectedPrior 48.1We all knew that the boost in August was largely a one-off due to the Olympics but since then, it's been a stark decline for French business activity as a whole....
European indices off to a more positive start again 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,...