Author: FX

Share: New Zealand Dollar weakens against the US Dollar following the latest US inflation figures for February.  They paint a picture of stubbornly hot inflation, which could make the Fed keep interest rates elevated to cool.  The NZD/USD pair is falling back down towards its range lows in the 0.6080s.   The New Zealand Dollar trades lower against the US Dollar on Tuesday in the wake of US Consumer Price Index (CPI) data for February, which shows inflationary pressures in the American economy remain stubbornly high.  The data suggests the Federal Reserve (Fed) may have to keep interest rates higher…

Euro (EUR/USD) Analysis and ChartsUS consumer prices rose by 3.2% last month, a tick ahead of forecastsCore inflation edged down but, again, beat consensusEUR/USD slipped again, continues to drift lowerLearn how to trade EUR/USD with our complimentary guide Recommended by David Cottle How to Trade EUR/USD The Euro slipped a little against a broadly stronger United States Dollar on Tuesday in the wake of official data showing inflation had ticked up in the world’s largest economy,US consumer prices rose by 3.2% in February, just ahead of the 3.1% seen in January which was expected to have been repeated. The ‘core’…

MDoculus Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google will restrict queries on election from its AI chatbot Gemini, TechCrunch reported. If anyone would want to ask the AI chatbot a question about an upcoming election, they would have to do it from a country where no elections are occuring, the report added. The company has started rolling out the restrictions on Gemini to limit providing answers about election-related queries worldwide. The update is already live in the U.S. and the company has started rolling it out in India and all major countries where elections are going to occur in the coming months, the…

US Dollar Analysis and ChartsUS inflation nudges higher in February.US rate cut expectations remain the same with June the probable start date. Recommended by Nick Cawley Trading Forex News: The Strategy The latest US inflation report showed headline price pressures building in February while core inflation nudged lower. Both y/y readings came in 0.1% above market forecasts.For all economic data releases and events see the DailyFX Economic CalendarAccording to the Bureau of Labor Statistics,‘The index for shelter rose in February, as did the index for gasoline. Combined, these two indexes contributed over sixty percent of the monthly increase in the…

© Reuters. NEW YORK & SAO PAULO – MarketAxess Holdings Inc. (NASDAQ: MKTX), a prominent electronic trading platform for fixed-income securities, has introduced full trading capabilities for all Brazilian sovereign debt instruments, including LFTs, LTNs, NTN-Fs, and NTN-Bs. This expansion follows the successful execution of the first client Casada trade via Request-for-Quote (RFQ) protocol on their Emerging Markets platform, with Safra participating as the buyside client. The enhancement of MarketAxess’s services comes at a time when Brazil’s secondary debt market is experiencing a surge, with trading volumes reaching $20 billion in average daily volume (ADV) and aggregating over $4 trillion…

Hey investors and traders, it’s Itai Levitan here, diving into Google’s stock as of May 12th, pre-market, but also looking well at Alphabet’s stock well beyond today. Within the GOOG stock technical analysis video below, we’re seeing a sweet re-entrance into the important value area of the year, and it’s now at an important junction, possibly eyeing a spot around $148, with a critical pitstop at $143.50. Let’s break down what’s shaking with Google, especially after its latest earnings and price action. ??Alphabet’S recent earnings insight: Remember, it’s not all about the big revenue numbers or forecasts. The real deal…

Share: XOM Elliott Wave technical analysis Function: Trend Mode: Impulsive Structure: Motive Position: Minor 1 of (5). Direction: Five waves up into wave 1.   Details: We have seen a long lasting correction in what could be wave (4), and we have now found support on 100$. XOM Elliott Wave technical analysis – Daily chart In our analysis, we identify a trending function characterized by an impulsive mode and a motive structure. Positioned in Minor wave 1 of (5), our focus lies on the completion of five waves up into wave 1. Notably, we have observed a prolonged…

GBP/USD and FTSE 100 Analysis and ChartsUK unemployment rises to 3.9%.Data unlikely to move the dial on future interest rate cuts.FTSE 100now pressing against a zone of multi-month resistance.​Most Read: Markets Week Ahead – Gold Soars, Rate Cuts Near, Nasdaq and Nvidia Wobble Recommended by Nick Cawley Get Your Free GBP Forecast The latest Office for National Statistics jobs and wages data shows the UK labor market starting to cool with wages slipping and the unemployment rate nudging higher. Both moves were marginal and while today’s report will have buoyed the Bank of England, UK rate cut expectations are little…

GBP/JPY has been making lower highs and lower lows all month and that’s BEFORE we saw the latest U.K. jobs data! Data printed earlier showed jobless claimants in the U.K. jumping from 3.1K in January to 16.8K in February. This may have contributed to the unemployment rate coming in at 3.9%, a tad higher than the 3.8% rate that the markets had expected. But the Bank of England (BOE) and a lot of traders were looking at average wages and, unfortunately for GBP bulls, they kinda point to interest rate cuts. Average weekly earnings including bonuses went…

iStock Chinese smartphone maker Xiaomi (OTCPK:XIACF) will launch its first electric sedan on March 28 in China, its CEO Lei Jun announced, sending its Hong Kong-listed shares soaring 11.9% on Tuesday. The company, which invested over CNY 10B ($1.39B) in the initial R&D phase for the electric vehicle, pre-launched the SU7 model late last year. At the time, Lei said Xiaomi (OTCPK:XIACF) aimed to become one of the top five global automakers over 15-20 years. Orders for the EV can be made at 59 Xiaomi (OTCPK:XIACF) stores in 29 cities across China. The EV will feature Xiaomi’s self-developed e-motor, battery,…