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Dollar Dominance Pauses Pre-Election, Upside Potential Remains – Action Forex
The dollar, which has been dominating the currency markets recently, took a step back last week. However, this slight retreat doesn't necessarily mean that the upward momentum of the greenback is over. It seems...
US Stock Market Close: Strong Earlier Gains Fade, Still Green | Forexlive
Foreign exchange trading is a risky endeavor that may not be suitable for all investors. The use of leverage can increase the level of risk and potential loss. Before engaging in forex trading, it...
Worst Non-Farm Payrolls Reading Since 2020: Forexlive Americas FX News Wrap
The latest economic data in the US has caused some turbulence in the markets. The US October non-farm payrolls came in at +12K, falling far short of the expected +113K. This led to an...
Canadian Jobs Data Impact by Hiring Demand and U.S. Fed Cuts – Action Forex
The Canadian job market is expected to show signs of continued weakness in the upcoming employment report for October. While there may be an increase of around 15,000 jobs, this growth is not expected...
Factors Influencing Rising Treasury Yields | Forexlive
US 10-year Treasury yields started the day at 4.22% but have since risen to 4.32%. The reasons for this upward trend are not entirely clear, but there are several factors that could be influencing...
US Manufacturing PMI Drops to 46.5, Prices Surge – Action Forex
The US manufacturing sector experienced a decline in October, with the ISM Manufacturing PMI dropping from 47.2 to 46.5. This was below the expected 47.6 and marked the lowest level since July 2023. It...
Switzerland Manufacturing PMI for October: 49.9 (vs. 49.8 expected)
Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It involves leverage which can increase the level of risk and potential loss. Before engaging in foreign exchange trading,...
WTI Crude Oil Price Analysis: Bearish Gap Recovery – Action Forex
WTI crude oil prices have shown a positive recovery after a bearish gap, reaching a critical level near the downtrend line at around 71.00. This increase of over 6% in the past few days...
Forex Market: FX Option Expiries on 01/11/2024 at 10am NY Cut
Foreign exchange trading can be risky, especially with the use of leverage which can expose you to more losses. Before jumping into forex trading, make sure to assess your investment goals, experience level, and...
Sterling Falls as Market Uncertainty Surrounds Reeves’ Budget – Action Forex
Sterling experienced a significant drop overnight following the announcement of Chancellor Rachel Reeves' new budget. The currency's decline was accompanied by a decrease in 10-year government bond prices and the FTSE. Critics of the...