GBP/USD recovered above 1.2700 after posting large losses on Wednesday. US stock index futures trade deep in negative territory early Thursday. US economic docket will feature weekly Jobless Claims and Q1 GDP revision. GBP/USD turned south in the American session on Wednesday and lost 0.5%, posting ts largest one-day loss since late April. Although the
Month: May 2024
New Zealand forecast a budget deficit of NZ$11.07($7.04 billion) for the fiscal year ending June 30 2024, wider than a deficit of NZ$9.32 billion forecast in its half-year fiscal update in December. Treasury inflation forecasts: falling below 3% in Q3 this year to 2% around 2026 sees a contraction in GDP in H1 of 2024,
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The USDJPY has broken to a new day high, new week high and now looks toward the May high from May 1 at 157.989. That is the next upside target for traders. The close risk now comes in at the earlier high for the day near 157.40 followed by 157.19. Moving below those levels and
The U.S. Treasury 7 year note auction showed: High-yield 4.65% WI level at the time of the auction 4.637% Tail: 1.3 basis points versus 6-auction average 0.5bps Bid-to-cover: 2.43X versus 6-auction average 2.53x Dealers: 17% versus 6-auction average 21.3% Directs (a measure of domestic demand): 16.13% versus 6-auction average 17.6% Indirects (a measure of international
EUR/USD tumbles to three-day lows near 1.0800. The Greenback picked up extra pace amidst higher yields. The ECB might not reduce its interest rates in June. The US Dollar (USD) managed to extend its weekly recovery, making the risk complex vulnerable and prompting another test of the vicinity of the 1.0800 zone by EUR/USD on
The second annual Financial Achievements in Markets Excellency awards (FAME) ceremony took place on the 21st of May 2024 in Sandton City, South Africa. These awards have established themselves as a standard for excellence in the financial services space, recognizing some of the top performing companies. Several of the industry’s leading brands attended the FAME
Fundamental Overview Crude oil has been falling steadily since topping around the $87.50 level following the mutual retaliations between Iran and Israel. The drop has been kind of a head-scratcher as the market didn’t respond positively to the global growth expectations amid China and other major central banks policy easing, improving PMIs and OPEC+ extending
Only a few weeks remain until the world’s premier online trading event, iFX EXPO International 2024, opens its doors to thousands of global industry professionals and C-level executives on the beautiful Mediterranean island of Cyprus. Registrations are still open for this year’s showpiece expo, which is back bigger and better than ever before, returning to
Here’s a snapshot of things so far today: Eurostoxx -0.7% Germany DAX -0.7% France CAC 40 -0.8% UK FTSE -0.3% S&P 500 futures -0.6% Nasdaq futures -0.6% Dow futures -0.5% The selloff in bonds yesterday is definitely throwing some caution up in the air. But despite the retreat in the last two days, things aren’t
The Pound Sterling drops after facing selling pressure near 1.2800 due to multiple tailwinds. A soft UK inflation outlook could prompt the BoE to start unwinding higher interest rates. The US Dollar recovers amid uncertainty ahead of the US core PCE price index. The Pound Sterling (GBP) corrects to 1.2750 against the US Dollar (USD)
Earnings season is almost over in the US, so the upcoming releases are unlikely to influence market sentiment. Investors are turning their attention back to macroeconomic data. For example, this week investors will be closely watching core consumption data in the United States this Friday. A 0.3% increase is expected in April, with the annual
To thrive in the dynamic financial markets, traders should use effective trading tools that empower them to quickly adapt to ever-changing trends. Prominent CFD broker BDSwiss provides access to next-generation trading tools meticulously crafted to analyse market trends, enabling traders to develop their strategies and make informed decisions. Additionally, BDSwiss offers a diverse range of
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet
As the trading day works to the close, the EURUSD has stalled at highs near a key swing area, and moved down toward the 200-hour MA at 1.08519 and then the 100-hour MA at 1.08347. Those two moving averages will play a key technical role in the new trading day. Move below would increase the
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
In the last five hours, US 10-year yields have swung nearly 10 basis points higher. It’s an ugly turn in fixed income after a strong start and was driven by a handful of factors: The two-year note auction tailed by a full basis point despite a decent concession shortly before The selling continued after the
AUD/USD advances for the third session in a row on Tuesday. Further losses in the US Dollar give fresh additional wings to the pair. Australian preliminary Retail Sales surprised to the downside in April. The ongoing selling pressure on the US Dollar (USD) supported extra gains in AUD/USD, pushing it to four-day highs near 0.6680 on
RISK SENTIMENT Sentiment can be described simply as the mood of the market. Sentiment should be the primary concern for short-term traders. It can last an hour, a session, a day or weeks depending on what is causing it and how much importance the market gives it. Thus, you have to identify the reasons why
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Fundamental Overview The USD got a boost last week from the strong US PMIs which lifted Treasury yields and put in question the rate cut in September. Once the market digested the report though and saw that there was more good news on the growth side than bad news on inflation, the USD strength faded
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $31.47 per troy ounce, down 1.05% from the $31.80 it cost on Monday. Silver prices have increased by 23.56% since the beginning of the year. Unit measure Today Price Silver price per troy ounce $31.47 Silver price per gram $1.01 The Gold/Silver
With time fast approaching until the start of the highly anticipated UF AWARDS Global 2024 ceremony, excitement is already building, with nominations continuing to pour in at a high rate each week as the main event draws closer. Competition is hotting up, as the best performing B2C and B2B brands will battle it out for
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Japanese Tokyo CPI inflation, US GDP & PCE inflation key data this week. Core Tokyo CPI inflation expected to tick higher on Friday. Rate cut-hungry investors hope US PCE inflation will hold steady in April. USD/JPY is treading water ahead of Tuesday’s Pacific market session, holding ground just below the 157.00 handle as investors await
GBPUSD daily Any time there is an election, it adds some uncertainty to a currency. Normally in G7 currencies, that volatility is small because (in the bigger picture) the stakes for elections are low. Yes, politics shape a country over generations but the market prices in those changes at a glacial pace. In the case
Data on US income, spending, consumer confidence, and Q1 GDP will shape the index’s trajectory this week. Fed’s Beige Book report on Wednesday is anticipated to suggest a balanced economic backdrop. Investors anticipate less than 80% odds of November rate cut and 50% chance of cut in September. The US Dollar Index (DXY) is seeing
It’s well known that currencies are closely linked to interest rates movements. The reason of this relationship is pretty simple: higher interest rates tend to attract foreign investment, increasing the demand and value of the currency. On the other hand, lower interest rates tend to be less attractive for foreign investment and decrease the currency’s
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 13
- Next Page »