The major US stock indices are trading lower at the start of the Friday session. The market gave up earlier premarket gains employed by the futures. However, the indices are still on track for a positive week (3rd in a row).A snapshot of the market currently shows:Dow...
Fed’s Daly: Fed needs ‘the boldness to wait’ given uncertainty
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,...
EUR/USD Price Forecast: Retracement Incoming? Catalyst Needed if Bulls are to Remain in Control
EUR/USD, PRICE FORECAST:MOST READ: Oil Latest – US Crude Trying to Nudge Higher After Another Week of Heavy LossesThe Euro continues to hold the high ground against the Greenback following Tuesday’s explosive move to the upside. EURUSD is currently trading between two...
GBPUSD extends back up toward 200 day MA
The GBPUSD is trading below the 200H MA/38.2% retracementLike the EURUSD (see post here), the GBPUSD moved sharply higher on Tuesday helped by the weaker CPI data. That took the pair above its 200-day moving average currently at 1.2443, and 38.2% of the move down from...
Navigating Economic Shifts: UK Inflation Dynamics
October delivered a significant drop in headline inflation in the United Kingdom, primarily driven by base effects stemming from energy prices. While core inflation also saw a more substantial decline than anticipated by the Bank of England, these figures, although...
US equity futures modestly higher ahead of the open
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,...
Canadian pullback in discretionary services spending becoming more evident — RBC
RBC is out with its latest consumer spending tracker.Canada's largest bank uses its card-spending data to track spending patterns and in October noticed a shift away from vacations and eating-out and towards gasoline and clothing purchases.Spending on physical...
EURUSD continues to trade above and below the 50% retracement
EURUSD trades above and below the 50% midpointThe EURUSD has continued to move up and down as the trading week comes to an end. Recall from Tuesday, the parable sharply higher after the lower-than-expected CPI data. That took the price up to a high of 1.0867. On...
Fed’s Collins doesn’t comment on current policy
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,...
Weekly Market Recap (13-17 November)
The New Zealand Services PMI fell back into contraction:Services PMI 48.9 vs. 50.6 prior.Below the long-term average of 53.5.New Zealand Services PMIThe RBA Assistant Governor Kohler highlighted how the decline in inflation could be more gradual that previously...
ECB’s Wunsch: We are in a weak form of stagflation 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,...
Canada PPI data for October -1.0% versus 0.4% last month and 0.2% 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 October housing starts 1.372m vs 1.350m 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,...
ForexLive European FX news wrap: Dollar drops as yields dip, reaffirming Tuesday moves
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields down 3.1 bps to 4.414%Gold up 0.4% to $1,988.94WTI crude up 1.3% to $73.82Bitcoin up 1.0% to $36,320After a bit of a pause in the action following...
EU to ban sales to Russia of tankers for crude oil or petroleum products
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,...
Dollar extends declines further across the board
It's shaping up to be a rough end to the week for the dollar as markets are finally following through on the moves on Tuesday. Treasury yields are pushed lower and the greenback is suffering for it, with USD/JPY now down 0.9% to 149.30 on the day.USD/JPY vs US...
ECB’s Holzmann: We stand ready to raise rates again if necessary
Markets should know that it's not the end of the story yetAnything can happen in December meetingInterestingly enough, when asked if he does rule out a rate cut in Q2 next year, he replies "that would be a bit early". It's a confusing one as does it mean it is too...
AUD/USD buyers get a second bite at the cherry
It's been a back and forth last few days for AUD/USD but it looks like perhaps buyers are finally about to win out the week. With the dollar tumbling alongside bond yields today, the aussie is managing to pick itself back up to trade above 0.6500 currently. And in...
Market Update – November 17
Stock markets struggled, and the Hang Seng in particular remained under pressure amid lingering concern over China’s growth outlook and a slump in Alibaba Group Hlds. as the company scrapped a spinoff of its cloud business due to US chip export restrictions....
Key Trading Levels for Majors
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,...