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,...
Australian weekly consumer sentiment survey remains very 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,...
UK data – May BRC like for like sales +0.4% y/y (prior -4.4%)
British Retail Consortium (BRC) data for May 2024:like for like sales +0.4% y/y (prior -4.4%)total sales +0.7% y/y (prior -4%) BRC Chief Executive Helen Dickinson blamed weather: Despite a strong bank holiday weekend for retailers, minimal improvement to weather...
South Korea May Consumer Price Index, core rate slowest rise since December 2021
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,...
RBC on oil and OPEC+, ‘data dependent’
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,...
HSBC hold their Brent oil price assumptions steady after OPEC+ meeting
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,...
Deutsche Bank have upgraded their outlook for Euro Area GDP for 2024 to 0.9% (from 0.4%)
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’s a forecast for two more Reserve Bank of Australia rate hikes still to come
This via Benjamin Picton, Senior Strategist, Australia & NZ economics and markets for Rabobank in Sdyney:If there is a bright spot in the RBA's fight against sticky high inflation, and Australia can avoid further rate hikes, its that the latest indication is the...
UBS says traders are too cautious on Fed rate cuts, base case is 50bp in 2024
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 Americas FX news wrap 3 Jun: US dollar moves lower after weaker ISM data.
The USD moved lower today and was only surpassed by the CAD as the weakest of the major currencies. The strongest to the weakest of the major currenciesThe USDs decline was kickstarted by a weaker May ISM manufacturing which came in at 48.7 vs 49.6 last month. There...
Australian data due today will plug into poor GDP – here is what is 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,...
Mixed close for US stocks with the Nasdaq higher. The Dow down and the S&P little changed.
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,...
Economic calendar in Asia Tuesday, 4 June 2024
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,...
Trade ideas thread – Tuesday, 4 June, insightful charts, technical analysis, ideas
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,...
Microsoft confirmed layoffs in mixed reality unit/Azure cloud business
Microsoft has confirmed layoffs in a mixed reality unit, but the company will continue to sell the Hololens 2 headsets.The company is also saying that they are cutting hundreds of employees from its Azure Cloud business.The US jobs report will be announced on Friday....
E*TRADE considering removing Roaring Kitty (i.e..Keith Gill) off trading platform
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,...
Former Fed Kaplan. September is a possibility, but Fed still expects the Fed to be patient
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,...
USDCHF moves below 50% and toward 100 day MA target
USDCHF falls below the 50% and looks toward the 100D MAThe USDCHF is trading to new lows and in the process has moved below the 50% retracement target. That level comes in at 0.89763. The fall take the price closer to the rising 100-day MA. That MA comes in at...
Crude oil futures settle at $74.22
Crude oil futures are settling at $74.22. That is down $2.77 or -3.60%. The low price reached $73.98. That was the lowest level since February 8.OPEC extended supply cuts through the end of 2025 but plans to ease cuts starting October 2023.The 2.2 million BPD...
USDCAD trades higher after support targets held. BOC rate decision this 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,...