Alphabet, the parent company of Google, is set to release its third-quarter earnings. Analysts expect Earnings of $1.45 per share Revenue of $75.97 billion.The revenue estimates mark a return to double-digit revenue growth after four quarters of single-digit...
Canadian Dollar’s Outlook Hinges on Bank of Canada. What to Expect for USD/CAD?
Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Euro Weekly Forecast - EUR/USD, EUR/GBP Await ECB. Breakout or Breakdown Ahead?The Bank of Canada will announce...
Bitcoin ETF disappears from DTCC website. Bitcoin gives back some gains
Bitcoin has fallen $1000 in the past few minutes, wiping out a portion of today's huge gains. The reason appears to be that the ticker IBTC appears to have disappeared from a list of ETFs on the DTCC website.When Blackrock's bitcoin spot ETF first appeared on the site...
US dollar continues its run higher. Greenback makes new highs vs EUR, GBP, JPY CAD and NZD
The USD is continuing its run to the upside. The USD is making new highs versus the:EURGBPJPYCADand NZDThe only currency the USD is not stronger against is the AUD today The AUD is the strongest of the major currencies. The EUR is the weakest. The USD is now 0.77%...
Both the EURUSD and GBPUSD retrace much of the gains from yesterday
The EURUSD and GBPUSD both moved sharply higher yesterday and each of them are moving sharply lower in trading today. The S&P PMI flash data was better than expected and that is helping the bias (higher USD). Yields are also marginally higher with the 10 year...
Nasdaq extends gain to 1%, breaking yesterday’s high
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,...
Nuant Boosts Digital Assets Platform with MSCI Datonomy Capabilities
Nuant, a leader in Digital Asset Portfolio Management Systems, is pleased to announce its collaboration with MSCI Inc., a leading provider of mission-critical decision support tools and services for the global investment community. The collaboration sets a new...
Airtm is launching its New ‘Enterprise Platform’
· With the platform, enterprises can send and receive payments worldwide, enabling them to expand their global business using a single account.· This new product is a low-cost solution that can provide enterprises with unparalleled access to Web 3.0.· Thanks to this...
USDCAD runs up toward familiar swing high area
The USDCAD is on an upward trajectory in the early New York session, driven by dollar strength. Yields are showing signs of rebounding, with the 10-year yield up approximately 3.1 basis points at 4.87%. While this increase is modest, it's pointing in an upward...
US October Richmond Fed composite manufacturing index +3 vs +3 expected
Prior month +5.0New orders -4 vs +3 last monthServices index -11 versus +4 last monthShipments +9 versus +7 last monthEmployment +7 versus +7 last monthWages +29 versus +23 last monthAvailability of skills needed -1 versus -10 last monthPrices paid +3.02 versus +4.06...
US October S&P Global flash services PMI 50.9 vs 49.8 expected
The final September reading was 50.1Manufacturing 50.0 vs 49.5 expected (prior 49.8)Composite index 51.0 vs 50.2 priorService sector new business fell for a third month running, albeit at a softer pace than seen in SeptemberManufacturers registered the fastest rise in...
US stock major indices open with gains. Can the momentum continue as earnings awaited.
The major US stock indices are trading higher in early US trading.S&P index is back above its 200 day moving averageThe S&P index closed below its 200-day moving average for the 2nd day in a row yesterday. That moving average is currently at 4236.94. The price...
USDCHF rebounds after failed break below the 100 day moving average
The USDCHF has rebounded after failing on a break below its 100-day moving average/50% retracement and swing area near the 0.89000 level. The low price reached 0.8975, but quickly snapped back higher. The sellers turned to buyers and have now forced the price back...
Coming up: S&P Global US flash PMIs and the Richmond Fed. What to watch for
The US PMIs from S&P Global will be released at 9:45 am ET. The services survey is expected to slip to 49.8 from 50.1The manufacturing survey is expected at 49.5 vs 49.8 previouslyAt 10 am ET, the focus will stay on manufacturing with the Richmond Fed.I'll be...
US dollar climbs higher as the bond market eyes two-year auction
EURUSD 10 minsEUR/USD has given back most of yesterday's gains and is trading at a session low, down 57 pips to 1.0611. The dollar is broadly stronger at the moment as Treasury yields tick higher.The short-end is leading the move with US 2-year yields up 2.4 bps to...
Kickstart your FX trading for October 24 with technical look at EURUSD, USDJPY and GBPUSD
In this morning video on October 24, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What are the biases, the risks, the targets for those three major currency pairs?EURUSD: The EURUSD trended higher yesterday and in the...
Philly Fed October non-manufactuing index -20.3 vs -16.6 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,...
Canada Sept new housing price index -0.2% vs +0.1% prior
Prior was +0.1%New home prices -1.0% y/yPrices were unchanged in 15 of the 27 census metropolitan areas surveyed, down in 9 and up in 3New home prices decreased the most month over month in September in Montreal (-0.7%), Edmonton (-0.7%) and Kelowna (-0.6%)Canadian...
China removes defense minister Li Shangfu
Chinese defense minister Li Shangfu disappeared from public view two months ago and there was a report that he was under investigation for corruption related to equipment procurement and development.He hasn't been seen in weeks and was officially stripped of the top...
ForexLive European FX news wrap: Euro drops on PMI woes
Headlines:Markets:AUD leads, EUR lags on the dayEuropean equities higher; S&P 500 futures up 0.5%US 10-year yields up 2.3 bps to 4.861%Gold down 0.6% to $1,961.07WTI crude up 0.3% to $84.75Bitcoin up 4.1% to $34,458Falling yields were the highlight yesterday and...