Headlines:Markets:USD leads, AUD lags on the dayEuropean equities a little higher; S&P 500 futures down 0.5%US 10-year yields down 2.5 bps to 4.031%Gold flat at $2,037.12WTI crude down 1.0% to $77.01Bitcoin down 2.1% to $42,617All ready for the Fed and Powell's...
US MBA mortgage applications w.e. 26 January -7.2% vs +3.7% 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,...
ECB’s de Guindos: I think that inflation will be slightly lower than we have predicted
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,...
NASDAQ 100 Futures technical analysis: FOMC meeting, earnings , and unemployment report
ForexLive.com, January 31, 2024NQ technical analysis videoThe NASDAQ 100 futures market has been in a trading range and just crossed down its value area low at 17500, which I also mentioned is an important price level to watch in my previous video, and if we CLOSE 2...
Forex Trading: Why It’s More Than Just Currency Exchange
When most people hear about Forex trading, they imagine a bustling currency exchange office with streams of people constantly exchanging one currency for another.In the digital age, however, the reality of Forex trading stretches far beyond these physical spaces. It's...
ADP roulette the appetiser before the Fed main dish later today
The JOLTS job openings yesterday here showed that markets are susceptible to data releases even as we await the Fed policy decision later today. It is jobs week in the US after all and this builds up towards the non-farm payrolls report on Friday. For today, there is...
Major US Stock Indices Touched Their Record High. Here’s What You Need to Know
The year 2023 wasn’t fantastic for the stock markets, as other factors took the spotlight. First, the US dollar dominated, followed by Bitcoin taking center stage. Now, as we kick off 2024, and stock indices have surged to their all-time peaks or close to them. Let’s...
S&P 500 futures extend losses as tech shares sink lower
Bring on the pain. Tech shares are being smacked in European morning trade, as S&P 500 futures and Nasdaq futures are sinking lower on the session. The former is down 0.5% while the latter is down 1.3% on the day now. There was a slight respite as European traders...
Bavaria January CPI +2.9% vs +3.4% y/y 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,...
Switzerland January UBS investor sentiment -19.5 vs -23.7 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,...
Germany January unemployment change -2k vs 11k 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 Technology Stocks Decline Ahead of the Fed’s Press Conference
US Technology Stocks decline ahead of the Fed’s interest rate decision and press conference. Only the Dow Jones witnessed bullish price movement during the US session. Both Microsoft and Alphabet beat earnings and revenue expectations, but stocks declined. Find out...
European bond yields fall on French inflation data
🇩🇪 10-year German bund yields down 7.8 bps to 2.195% (two-week lows)🇫🇷 10-year French bond yields down 8.0 bps to 2.680%🇮🇹 10-year Italian bond yields down 7.6 bps to 3.728%🇪🇸 10-year Spanish bond yields down 7.7 bps to 3.101% (near three-week lows)Well, the French...
European equities observe light changes at the open 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,...
China’s major state-owned banks reportedly selling dollars to defend yuan currency today
The rebound in Chinese stocks barely lasted a few days as the market rout continues this week. The Shanghai Composite is already down 4% this week alone with the Hang Seng also down over 3% on the week going into the close today. The outflows continue to weigh on the...
Traders move to fully price in an ECB rate cut for April again
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,...
France January preliminary CPI +3.1% vs +3.7% y/y 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,...
Germany December import price index -1.1% vs -0.5% 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,...
Germany December retail sales -1.6% vs +0.7% 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 January Nationwide house prices +0.7% vs +0.1% 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,...