The US Dollar Index ends the day higher for a fifth consecutive day but declines during this morning’s Asian Session. Investors continue to lower the possibility of significant easing in 2024 after the latest US Sales data. US Core Retail Sales were twice as high as...
Eurozone November current account balance €24.6 billion vs €33.8 billion 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,...
Here Are the Winners of The UF AWARDS MEA 2024
Organised by UF Agency, part of Ultimate Fintech Group, the UF AWARDS are known for celebrating outstanding performance and commitment to innovation in the online trading industry. These prestigious awards are a testament to the hard work and achievements of the...
European equities observe a calmer start to trading 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,...
Chinese stocks see a late bounce to wrap up the day
The dismal run in Chinese stocks looked set to continue today, with the Shanghai Composite briefly hitting a fresh four-year low as seen here. But the 'plunge protection team' stepped in to reverse that and that helped to see the index close higher by 0.4% on the...
FX option expiries for 18 January 10am New York cut
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 sits lower as traders reassess the overnight moves
EUR/USD is now up 0.2% to 1.0905 while USD/JPY has just trickled lower to 147.85 on the day currently. After some modest gains overnight, the dollar is getting checked back now as traders reassess the moves. Of note, 10-year Treasury yields are down 1.6 bps to 4.088%...
USD/JPY clears the path towards 150.00 next?
If you go by the chart, the break higher yesterday was a significant one for USD/JPY as it clears its 100-day moving average (red line) to push above 148.00. The key technical level is seen at 147.44, so keep above that and buyers will remain poised to extend the...
EUR/USD survives first bout of key technical level in trading yesterday
EUR/USD daily chartThe dollar remains in a good spot overall but EUR/USD is not one pair that is making extra headway for the greenback this week. The pair moved to test its 200-day moving average (blue line) in trading yesterday before seeing a decent bounce to...
Pakistan Foreign Ministry confirms Pakistan undertook series of military strikes in Iran
Pakistan Foreign Ministry statement:Pakistan undertook series of military strikes against terrorist hideouts in Sistan-Baluchistan province of IranNumber of terrorists were killed during intelligence-based operationPakistan fully respects the sovereignty and...
ForexLive Asia-Pacific FX news wrap: Losses for the USD continued
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Final reading for Japanese Industrial Production in November is negative both m/m and y/y
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Federal Reserve Bank of Atlanta President Bostic is speaking on Thursday
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,...
European Central Bank President Lagarde will be speaking again on Thursday
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,...
Swiss National Bank Chairman Thomas Jordan will be speaking Thursday
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UBS has raised its forecast for economic growth in China this year to 4.6%, from 4.4%
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China’s stock market rout continues – Shanghai Composite hits a four low
The continuing messages from Chinese authorities are of plans for no large scale stimulus, with overnight reports of:Chinese Premier Li Qiang gave his clearest signal yet that Beijing won’t resort to huge stimulus to revive growth amid the worst bout of deflation in...
Reports say that Pakistan has attacked terrorists inside Iran
This follows news that Iran fired missiles into Pakistan targeting two bases of Baluchi terrorist group Jaish al Adl:“These bases were hit and destroyed by missiles and drones,” Iranian state media reported, There are reports now that the Pakistan military have struck...
Reuters poll: 21 of 85 economists predict first ECB rate cut in April, 38 say June
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,...
Morgan Stanley says paradigm shift (pro- Bitcoin and CBDCs) threaten US dollar’s dominance
A note from Morgan Stanley emphasised what it referred to as “a paradigm shift in the global perception and use of digital assets”, citing:106 million people holding BitcoinBitcoin ATMs available in over 80 countries spot Bitcoin exchange-traded funds (ETFs) approved...