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 initial jobless claims 207K versus 210K estimate
> US initial jobless claims 207K versus 210K estimate US initial dollars claims or continuing claims for the current week <!--> --> <!--> Prior week jobless claims 204K revised to 205Kinitial jobless claims 207K vs 210K estimate4-week moving average...
Canada August trade balance +0.72B vs -1.50B expected
> Canada August trade balance +0.72B vs -1.50B expected Canada August trade balance <!--> Adam Button Thursday, 05/10/2023 | 12:30 GMT-0 05/10/2023 | 12:30 GMT-0 --> <!--> Prior was -0.99BImports vs 61.40B priorExports vs 60.42B prior ADVERTISEMENT -...
THe NZD is the strongest and the CAD is the weakest of the major currencies
The strongest to the weakest of the major currenciesAs the North American session begins, the NZD is the strongest and the CAD is the weakest. The USD is lower as yields dip modestly in early US trading. It is one more sleep until the BLS releases their latest US jobs...
ForexLive European FX news wrap: Dollar and yields kept in check, oil continues fall
Headlines:Markets:NZD leads, CAD lags on the dayEuropean equities higher; S&P 500 futures flatUS 10-year yields down 1.6 bps to 4.718%Gold up 0.1% to $1,822.24WTI crude down 1.6% to $82.88Bitcoin up 0.3% to $27,744It was a slower session in terms of headlines and...
US September Challenger layoffs 47.46k vs 75.15k prior
> US September Challenger layoffs 47.46k vs 75.15k prior Latest data released by Challenger, Gray, and Christmas Inc <!--> Justin Low Thursday, 05/10/2023 | 11:30 GMT-0 05/10/2023 | 11:30 GMT-0 --> <!--> , ADVERTISEMENT - CONTINUE READING BELOW...
EURJPY: Euro Weakness and Yen Powerlessness
The US Dollar is weaker, after the ADP employment data report lowered the odds of the Fed raising interest rates later in the year. This favoured the Japanese Yen temporarily, although it is too early to conclude that, given that there is still important economic data...
EURUSD Technical Analysis – These levels will be key for the next direction
US:The Fed left interest rates unchanged as expected at the last meeting.The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike...
ECB’s Lane: Credit dynamic really has been quite weak
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,...
BOE’s Broadbent: It is an open question on whether there will be more rate hikes
There are clear signs that rate hikes are having an impactBut perhaps it may be that the effect is weaker than in the past or still delayedSees UK inflation reaching target in 2 years' timeThe BOE is in a rather unenviable spot right now. They are starting to move to...
Equities keep more cautious so far on the session
S&P 500 futures are down roughly 0.4% currently, as stocks are adopting a more cautious approach so far in European trading. There's not much to work with as headlines have been few and far between during the session. And the bond market is also looking rather...
Dow Jones Technical Analysis – Watch this resistance on a pullback
The miss in the ADP report yesterday gave the market a bit of relief after a series of strong economic data like Jobless Claims, ISM Manufacturing PMI and Job Openings. The ISM services PMI has also printed bang on expectations, and coupled with the other reports,...
ECB’s Kazimir says believes that last rate hike was the final one
A December rate hike is not a scenario I'd likeWe are on the trajectory of declining inflationIt sure looks like they are done but there is a pattern in their speech if you notice. In trying to signal that they have done enough, they are claiming that they are now on...
UK September construction PMI 45.0 vs 49.9 expected
Prior 50.8The downturn in September is led by a slump in house building as output also saw its steepest decline since May 2020. Adding to that, new orders also suffered its fastest pace of decline in over three years. S&P Global notes that:"Output levels declined...
Market Update – October 5 – Markets try to take a breather, oil slumps
Rebounding from some pivotal, psychological levels, the vast majority of world equity indices rose yesterday, helped by a decrease in yields. Buying in the US intensified in the last minutes of trading led by large-cap techs such as TSLA (+5.93%), MSFT & AMZN....
Germany September construction PMI 39.3 vs 41.5 prior
Prior 41.5This marks the quickest fall in German construction activity in 3½ years as business confidence also plunges to a near-record low. A further slump in demand led to a sharp fall in purchasing activity but at least it did help to ease price pressures. Once...
Dollar steadies as yields inch up a little
The dollar is mostly little changed against the euro and pound while we are seeing USD/JPY recover some poise in a push back to 148.90 levels now, up from the lows near 148.30 in Asia. This comes as 10-year Treasury yields are inching up to 4.75% from around 4.71%...
S&P 500 Technical Analysis – We are at a key level
The miss in the ADP report yesterday gave the market a bit of relief after a series of strong economic data like Jobless Claims, ISM Manufacturing PMI and Job Openings. The ISM services PMI has also printed bang on expectations, and coupled with the other reports,...
Russell 2000 Technical Analysis – Watch what happens around this key support
The miss in the ADP report yesterday gave the market a bit of relief after a series of strong economic data like Jobless Claims, ISM Manufacturing PMI and Job Openings. The ISM services PMI has also printed bang on expectations, and coupled with the other reports,...
Germany August trade balance €16.6 billion vs €15.0 billion 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,...