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,...
The full statement from the June 2024 ECB rate decision
6 June 2024The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now...
ECB cuts rate but does not commit to a path of future rate moves. EURUSD modestly higher.
The ECB cut rates but does not commit to a path of future rate moves:ECBs expects growth to pick up to 0.9% in 2024 vs 0.7% prev.Inflation forecast 2.5% in 2024 (vs 2.3% prev), 2.2% in 2025 (versus 2.1% prev) and 1.9% in 2026 (vs 1.9% prev).Growth forecast 1.4% in...
ECB cuts key interest rates by 25 bps in May monetary policy meeting, as expected
Prior decisionMain refinancing rate 4.25% vs 4.25% expectedPrior 4.50%Deposit facility rate 3.75% vs 3.75% expectedPrior 4.00%Marginal lending facility 4.50%Prior 4.75%Determined to ensure that inflation returns to its 2% medium-term target in a timely mannerWill keep...
ForexLive European FX news wrap: Markets pensive awaiting ECB, US weekly jobless claims
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,...
FMPS:24 Registration Now Live! Reserve Your Seat to APACs Biggest Event
After much anticipation, registration is now live for Finance Magnates Pacific Summit 2024 (FMPS:24), the year’s largest professional event in the Asia-Pacific region. The premium event looks to bridge the B2B and B2C space, taking place in Sydney, Australia on August...
US May Challenger layoffs 63.82k vs 64.79k 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,...
Why beginner traders fail?
The common saying is that 90% of traders lose 90% of their money in the first 90 days. That’s not an encouraging statistic for someone who wants to start trading, but there are some common reasons why most beginner traders fail and knowing them can help you to avoid...
IronFX Offers the Complete Trader’s Toolkit
IronFX, an award-winning global leader in online trading, is setting the standard in client experience through its Complete Trader’s Toolkit – the ultimate destination of choice for traders of all experience levels.Through its holistic toolkit, the broker presents...
USD/CHF continues to get stuck in at key technical levels on the week
The technical look for the pair is no different from where we were here yesterday. The drop earlier in the week brings into focus key technical support near the 200-day moving average (blue line). And that is still where we are now ahead of the ECB and more US data...
S&P 500 Technical Analysis – The risk-on sentiment returns
Fundamental OverviewThe S&P 500 yesterday rallied hard following the beat in the US ISM Services PMI where the data showed that the last month drop was just a blip and overall we have a resilient economy with lower inflationary pressures. The data continues to...
EURUSD Technical Analysis – A look at the chart ahead of the ECB decision
Fundamental OverviewThe USD yesterday came under renewed pressure following the beat in the US ISM Services PMI where the data showed that the last month drop was just a blip and overall we have a resilient economy with lower inflationary pressures. The data continues...
What is priced in for the ECB going into the decision today?
It's a universal acceptance that the ECB will cut interest rates by 25 bps later today. They've telegraphed that quite clearly to markets over the last few weeks. So, don't expect any surprises on that front whatsoever. But in terms of market pricing, what are traders...
Eurozone April retail sales -0.5% vs -0.3% m/m 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,...
UK businesses see no change to CPI outlook for the year ahead – survey
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,...
6월부터📩문자 시스템 등 5가지 정책이 바뀝니다! 알아두세요~
https://www.youtube.com/watch?v=FY_bOlOw7SM @Welfaremarble 안녕하세요.^^ 어느덧 2024년의 반이 지나고 있네요~ 6월에도 새로 시작하거나 달라지는 정책들이 있는데요, 이런 정책들 중에서 버스전용차로, 스팸문자 등 일상생활에서 알아두면 유용한 내용들을 모아서 소개해 드리겠습니다. #6월 #문자제한 #바뀌는정책 MoneyMaker FX EA Trading...
The bond market stays in focus ahead of ECB, US data later
Bond yields are keeping steadier for the time being. However, that could all change later in the day with a couple of key risk events on the agenda. 10-year Treasury yields remain in the spotlight, having run up against the key technical juncture here this week....
UK May construction PMI 54.7 vs 52.5 expected
Prior 53.0It's all looking good for the UK construction sector, with another increase in overall activity seen in May. That owes to a further rise in new orders but there are also further improvements in other areas like employment and purchasing. That's a good sign...
USDCAD Technical Analysis – The rangebound price action continues
Fundamental OverviewThe USD yesterday came under renewed pressure following the beat in the US ISM Services PMI where the data showed that the last month drop was just a blip and overall we have a resilient economy with lower inflationary pressures. The data continues...
Ideal Economic Conditions Push The NASDAQ To New Highs!
Economists expect the European Central Bank to cut interest rates this afternoon. However, investors will be keen to hear how many cuts are likely in 2024 after strong wage growth. The NASDAQ climbs to a new all-time high while economic data indicates an earlier rate...