The AUDUSD felt lower yesterday and for the most part stay below the 200 hour moving average (green line currently at 0.62597). In the early Asian session, the price sniffed that moving average, but still remained below. The Austrian CPI came lower than expectations: Headline CPI: +2.4% y/y…
Read MoreWeb3 technologies are poised to transform the world of commerce just as Web2 revolutionized access to information. The result will be a vast, open, liquid digital marketplace where all physical goods can be listed and traded seamlessly. In the early days of the internet, information was siloed within…
Read MoreThe USDCAD buyers are making a play in the early NA trading and ahead of the BOC rate decision. That upside momentum has taken the price above the “red box” that I have outlined as a key range to break and stay broken to either increase the bullish…
Read MoreTrump’s supposed reasons for the tariffs are drugs and illegal immigration yet Mexico doesn’t seem worried and Canada is. Again here, Claudia Sheinbaum is brushing off tariffs. Trump also said that they were ‘doing better’ with Mexico, despite Mexico turning away a deportation flight on the weekend. I…
Read MoreWe have delayed Basel beacuse of US uncertainty, there is a competition issue here This article was written by Adam Button at www.forexlive.com.
Read MoreThe NASDAQ index is trading lower in early trading with the index now down -87 points or -0.45% at 19643.49. The S&P is also lower by 13.6 points or -0.22% at 6053.98. The Dow industrial average is higher by 60 points or 0.13% at 44912. After the close…
Read MoreOn the 14th of January, iFX EXPO Dubai 2025, MENA’s #1 online trading industry event, kicked-off its remarkable 2+ days of FX & Fintech showcases. Global industry leaders gathered to build lasting relationships, find the right business partner, discover innovative products and services, and expand their online trading…
Read MoreA 25 basis point cut was 99% priced in Prior to the BOC, the market was pricing in 68.5 bps in easing in 2025 (67.6 bps after the announcement) BOC announces the end of quantitative tightening Will restart asset purchases in early March, beginning gradually so that its…
Read MoreThe Bank of Canada cut rates by 25 basis points to 3.0% from 3.25%. The full statement says: The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.1 The Bank is also…
Read MoreSector Overview: Technology and Consumer Cyclical Technology Sector: The technology sector sees notable declines, led by Nvidia (NVDA) which drops by 2.01%. Microsoft (MSFT) and Apple (AAPL) also face downturns, down 0.76% and 1.37% respectively. This suggests cautious investor sentiment amid recent market developments. Consumer Cyclical Sector: Conversely,…
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