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 advance goods trade balance $-108.23 billion versus $-95.9 billion 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,...
US advance goods trade balance, inventories, home data and JOLTS on the calendar today
At the bottom of the hour, the US advance goods trade balance for September will be released with deficit $-95.9 billion expected. That is a larger deficit compared to last months $-94.22 billion.Wholesale inventories for September will also be released with...
SimpleFX’s 10th Birthday: Celebrating the Online Broker’s Decade
After ten years of constant development, SimpleFX can proudly celebrate this one-of-a-kind anniversary with a unique event. This year, the platform's users will have a chance to compete in a trading contest with a $100,000 and 5,000 SFX Coins prize pool!The plan to...
What technical levels are in play (and why) to start the US session on October 29?
As the North American session begins, what are the key technical levels in play? and why?EURUSD: The EURUSD moved lower to start the US trading day yesterday, only to rebound higher into the European session and the start of the US session. The high prices yesterday...
Forexlive European FX news wrap: China to approve a new fiscal package next week
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,...
Iranian revolutionary guards threaten Israelis with surprises they have never seen before
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,...
USDCAD Technical Analysis – The greenback continues to dominate
Fundamental OverviewThe main culprit for the US Dollar strength lately has been the rally in long term Treasury yields. The yield curve has been bear-flattening which is what you would expect with higher growth and potentially higher inflation expectations. There’s a...
USDCHF Technical Analysis – The rally in Treasury yields keeps the USD supported
Fundamental OverviewThe main culprit for the US Dollar strength lately has been the rally in long term Treasury yields. The yield curve has been bear-flattening which is what you would expect with higher growth and potentially higher inflation expectations. There’s a...
Xandeum Confirms XAND Token Launch and xandSOL LST for October 29
Solana storage scaling solution Xandeum has confirmed details of its forthcoming token launch and storage-enabled liquid staking program. On October 29, 16:00 UTC, the XAND token will officially launch, offering the Xandeum community a way to participate in the...
UK September mortgage approvals 65.65k vs 65.00k 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,...
Copper Technical Analysis – Is this the time for the breakout?
Fundamental OverviewCopper got stuck in a consolidation just above a key support zone as the market failed to rally on the recent PBoC’s rate cuts. Today, we got the news that China is looking to approve a fresh fiscal package next week worth over 10 trillion yuan and...
China mulls approving fresh fiscal package worth over ¥10 trillion next week
It is being reported that Beijing is looking to approve next week the issuance of over ¥10 trillion in extra debt over the next few years in order to revive economic conditions. And the package will be expected to be further bolstered if Trump wins the US election.For...
USDJPY Technical Analysis – There are no bullish drivers for the JPY
Fundamental OverviewThe JPY started the week on the wrong foot following the Japanese elections over the weekend where the ruling party lost the majority. The main culprit for the US Dollar strength has been the rally in long term Treasury yields. The yield curve has...
DIHK warns that German economy is set to stagnate in 2025
In their latest forecasts today, DIHK is slashing their outlook on the German economy and anticipating a 0.2% contraction for this year. As for 2025, they are expecting zero growth in the economy in what will be a third year without any real growth in GDP."We are not...
European equities hold higher to start the session
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,...
BlackRock CEO says Fed will cut at least by 25 bps before year-end
Fink argues that "it is fair to say the Fed will make at least a 25 bps rate cut by the end of 2024". And that falls within the forecast made by his firm, arguing for a 25 bps to 50 bps move before the year is done with.However, Fink warns that "we have greater...
Germany November GfK consumer sentiment -18.3 vs -20.5 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 futures stay more muted so far on the day
S&P 500 futures are flat as we look towards the start of European morning trade later. It's a quiet one for now, following the slight advance from yesterday.Higher yields continue to be a key consideration for stocks at the moment. But for trading this week, it's...
US reportedly have been declining to change language when discussing Taiwan independence
It is being reported by Reuters that China president Xi Jinping had asked US president Joe Biden to change the language that the latter uses when discussing its position on Taiwan independence. The request came about last year, in which China wanted the US to...