Author: FX

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 invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

Share: US inflation at 3.1% YoY, Core CPI at 3.9%, suggests enduring inflation, impacting rate cut outlook. Rising US Treasury yields and a stronger Dollar Index reflect market reevaluation of Fed rate strategies. CME FedWatch Tool shows decreased expectations for a Fed rate cut in May. The GBP/USD plunges below 1.2600 as strong economic data from the United States (US) suggests the Federal Reserve (Fed) would keep interest rates higher for longer. At the time of writing, the pair trades at 1.2598 after hitting a daily high of 1.2683. GBP/USD slid on hot US CPI data, traders await…

Euro (EUR/USD, EUR/GBP) AnalysisZEW economic sentiment inches higher but confidence remains lowEUR/USD descending channel heads lower after testing resistanceEUR/GBP testing crucial support zone – follow through neededThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How to Trade EUR/USD ZEW Economic Sentiment Inches Higher but Confidence Remains LowSentiment in the EU and in Germany continue to climb higher but still has a long way to go. Analysts are continuing to gain more confidence in the economic outlook in 6 months’ time,…

Dirtt Environmental Solutions press release (OTCPK:DRTTF): Q4 revenue is expected to be approximately $50.9 million, an increase of $8.5 million or 20% from $42.4 million for the same period in 2022, Net income after tax for the fourth quarter of 2023 is expected to be approximately $1.0 million compared to a $5.9 million net loss after tax for the same period of 2022. More on Dirtt Environmental Solutions Source link

US Dollar Index, US Treasuries, Gold Analysis and ChartsUS shelter and food costs continue to rise, energy costs fall.US dollar index jumps over half a point, and gold turns lower. Recommended by Nick Cawley Get Your Free USD Forecast US inflation came in above market expectations earlier today, sending the US dollar to a fresh three-month high. According to the US Bureau of Labor Statistics,‘The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in January on a seasonally adjusted basis, after rising 0.2 percent in December, the U.S. Bureau of Labor Statistics reported today. Over the last…

© Reuters. FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, July 14, 2021. REUTERS/Yves Herman//File Photo By Foo Yun Chee and Bart H. Meijer BRUSSELS (Reuters) – Apple (NASDAQ:)’s iMessage and Microsoft (NASDAQ:)’s Bing search engine are exempted from new EU tech rules, EU antitrust regulators said on Tuesday, after accepting the companies’ argument the services were not gateways to reach end-users. The new Digital Markets Act takes effect in three weeks’ time. Its requirements include obliging Microsoft, Apple, Alphabet (NASDAQ:)’s Google, Amazon (NASDAQ:), Meta Platforms (NASDAQ:) and ByteDance to allow third-party apps or…

Share: EUR/GBP skids to six-month low of 0.8511. Economists at Société Générale analyze the pair’s outlook. UK wages reinforce BoE caution The BoE two weeks ago mentioned, like the Fed, it does not have the confidence yet on inflation to cut rates. That won’t change after earnings ex-bonuses slowed in December to 6.2% 3m/YoY, above forecast of 6.0%. November was revised up by 0.1ppt to 6.7%.  Employment rose by 72K. Payrolls, a notoriously volatile data series, expanded by 48K in January. December was revised up to +31K.  For EUR/GBP, a pullback to the 0.8400-0.8500 range becomes a distinct…

Pound Sterling (GBP/USD, GBP/JPY) AnalysisEmployment and Earnings Data May Weigh on BoE Inflation ProjectionsUK employment data rose in December after witnessing even greater additions in the two months prior. Momentum in the job market appears to be positive but a reweighting of the Labour Force Survey from today onwards means that volatile readings may continue to appear in the coming months. By their own admission the Office for National Statistics (ONS) states, ‘…we would advise caution when interpreting short-term changes in headline rates and recommend using them as part of our suite of labour market indicators alongside Workforce Jobs, claimant…

Flame Acquisition (NYSE:FLME) said that the requisite number of shares voted at the special meeting on February 12, 2024, in favor of a business combination among Flame, Sable Offshore Holdings, and Sable Offshore Corp.The deadline for electing redemptions of Flame common stock has passed, and Flame will have ~$62.2M in its trust account prior to the business combination.The closing of the business combination is expected to occur on or about February 14, 2024. More on Flame Acquisition Source link

NZD dropped against its counterparts but the bears can’t sustain its downswing. Will this lead to NZD/JPY returning to its uptrend? Source link