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
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GBP is firmer after UK January retail sales growth overshot expectations , BBH’s FX analysts report. Near-term stagflation backdrop which is an ongoing drag on GBP “Retail sales volumes increased by 1.7% m/m (consensus: 0.5%) following a decline of -0.6% in December (revised from -0.3%). Excluding automotive fuel, retail sales volumes surged 2.1 % m/m
Services PMI 51.1 vs 50.8 expected vs. 50.8 prior Manufacturing PMI 46.4 vs 48.4 expected vs. 48.3 prior Composite PMI 50.5 vs 50.5 expected and 50.6 prior. Key findings: Flash UK PMI Composite Output Index: 50.5 (Jan: 50.6). 2-month low. Flash UK Services PMI Business Activity Index: 51.1 (Jan: 50.8). 2-month high. Flash UK Manufacturing
GBP/USD reached a two-month high at 1.2674 as the US Dollar struggled amid weak jobless claims data. US Initial Jobless Claims increased to 219,000 in the previous week, surpassing the expected 215,000. Traders remain cautious due to ongoing concerns about the UK’s economic outlook. GBP/USD edged lower after hitting a two-month high of 1.2674 on
Japanese Industry and Trade Minister Yoji Muto said that he aims to visit the United States at the earliest possible opportunity to engage in discussions with his U.S. counterparts regarding trade policies, including the impact of tariffs imposed by Washington. Muto emphasized the importance of open dialogue between the two nations to address concerns related
As the trading day nears its close, USDCHF is testing the lower boundary of its multi-week trading range, which has been in place since mid-December. On the 4-hour chart, the pair formed a double top at the January high two weeks ago before reversing lower. Last week, the price found buyers at range support (0.8965
The GBPUSD is trading to a new high and in the process is testing a key swing area up to 1.2670 and the 100-day MA at 1.2666. The high price just reached 1.2670. This is a key technical level for both buyers and sellers. Move above and stay above and traders will start to look
Dow Jones drops over 1.40% to 43,980 as investor sentiment weakens. The US Dollar Index retreats below 106.90 after Trump hints at a potential trade deal with China. US Initial Jobless Claims miss estimates, raising concerns about labor market resilience. St. Louis Fed warns of inflation risks, while Atlanta Fed’s Bostic sees room for two
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
FBS, a leading global broker, has released an in-depth analysis of how artificial intelligence (AI) is reshaping the trading landscape. The report highlights AI’s growing role in improving efficiency, accuracy, and data-driven decision making. AI Reshaping Trading Strategies According to FBS analysts, one of the most significant developments is the rise of AI-powered trading assistants.
Libertex, one of the leading online brokers, is proud to announce a groundbreaking multi-year partnership with KICK Sauber F1 Team, becoming the team’s Official Online Trading Partner. This collaboration signifies a new era in Libertex’s dedication to performance, precision, and innovation, aligning seamlessly with the exhilarating world of Formula One as KICK Sauber F1 Team
Fundamental Overview The US Dollar this week has been erasing some of the losses experienced last week after the benign US PPI and the Trump’s reciprocal tariffs announcement. There hasn’t been any notable catalyst this week to support the greenback although some analysts pointed to less dovish comments from Fed’s Waller on Tuesday which would
Gold has already a fresh all-time high at around $2,955 on Thursday morning. US President Donald Trump mentioned a trade deal with China could be done. If US yields drop off further, several more all-time highs in Gold could be foreseen. Gold’s price (XAU/USD) is stretching further its bullish momentum on Thursday while US yields are
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 Japanese Yen continues to strengthen amid rising bets for additional BoJ rate hikes. Trump’s tariff threats weigh on investors’ sentiment but also benefit the safe-haven JPY. The Fed’s hawkish outlook fails to impress the USD bulls or lend support to USD/JPY. The Japanese Yen (JPY) gained strong follow-through traction on Thursday and dragged 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
The price of Palantir is trading down $-15 or -12% at $109.48 after Pres. Trump ordered the Pentagon to cut budget by 8%. The price of Palantir reached a new all-time high of $125.41 in trading today before rotating to the downside. You can argue that the software that Palantir provides might be what the
The S&P and NASDAQ indices are positive on the day and trading near session highs. S&P index is up 14.15 points or 0.23% at 6143.79. Yesterday index closed at a record high. Anything positive today would be a another record high NASDAQ index is up 40 points or 0.20% at 20081 The Dow industrial average
The Minutes of the Fed’s January 28-29 policy meeting will be published on Wednesday. Details surrounding the discussions on the decision to keep policy settings unchanged will be scrutinized by investors. Markets see virtually no chance of a 25 bps Fed rate cut in March. The Minutes of the United States (US) Federal Reserve’s (Fed)
The U.S. President’s whirlwind blitz through the bureaucracy, economic policy and geopolitical affairs isn’t slowing down. Trump threatened potential tariffs of around 25% on automobile, semiconductor and pharmaceutical imports. This development added to an already fragile market outlook this week, amid cautious optimism for an end to the conflict in Ukraine — a topic Trump
The US dollar is mixed as the North American traders enter for the day. In the video above, I outline for traders the technical levels that are in play for the three major currency pairs – the EURUSD, USDJPY and GBPUSD. The USD is higher versus the EUR and the GBP, but lower vs the
Gold rallies higher for a third straight day in a row and hits a new all-time high on Wednesday. Overnight, US President Donald Trump lashed out at Ukraine and committed again to several tariffs. Technically, Tuesday’s daily close above $2,910 worked, boosting the Gold price to a fresh all-time high. Gold’s price (XAU/USD) extends this
CoiniGo, with its Holistic Growth Mindset, is enhancing the way businesses accept crypto payments. They don’t just recognize the potential of industry influencers and leaders—they empower them. That’s why they have launched a high-reward Referral Program, allowing partners to earn up to $10,000 for every successful crypto payment integration. By helping businesses unlock seamless transactions,
Eurostoxx flat Germany DAX +0.1% France CAC 40 -0.1% UK FTSE -0.1% Spain IBEX -0.1% Italy FTSE MIB +0.4% US futures are also little changed, keeping marginally higher by 0.1% on the day. It’s been a slower last few sessions, as traders are settling down for a bit of a respite after the more turbulent
Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr explains the interest rate cut decision at a press conference following the February monetary policy meeting on Wednesday. Orr is taking questions from the media. Key quotes OCR path projects 50 bps by mid this year, around July. In two 25 bps steps. Economy has significant
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
USDCHF buyers defended key support near 0.8965 – 0.8974 last week, leading to a price stall and a subsequent rebound. Monday’s low also held near this area before a modest upside move, reinforcing its significance as a key support zone. Today, the pair broke above a higher swing area (0.8997 – 0.9011), with a corrective
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 Dow Jones backslid around 300 points early Tuesday following a long weekend. Equities recovered their footing, pushing back to flat amid a lack of meaningful data. Latest Fed Meeting Minutes are due on Wednesday as markets watch for signs of rate cuts. The Dow Jones Industrial Average (DJIA) stumbled out of the gate on
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
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