Author: FX

The major stock indices are closing higher, with the NASDAQ index leading the way with a gain of 1.5%. Meta shares closed higher for the 19th consecutive day after trading down over seven dollars at session lows. Shares of Meta shares are up some 18.6% over the streak and over 24% for the year. If you think that is good, Applovin is closing up 24% on the day after announcing earnings after close yesterday. For the year, shares are up 45.65% after rising 712.62% last yearS&P index closed just three points short of its record high close of 6118.71. The…

The Dow Jones rose on Thursday, testing near 44,750. Equities are cautiously optimistic after PPI numbers softened inflation blow. Markets continue to shrug off US President Donald Trump’s tariff threats. The Dow Jones Industrial Average (DJIA) found some room on the high side on Thursday, rising around 350 points and testing the 44,750 level. Equities were jarred by some steep upside revisions in Producer Price Index (PPI) inflation figures, but the overall print hit a decidedly softer tone than this week’s Consumer Price Index (CPI) inflation figures. A spike in inflation fears has subsided, and rate markets are now pricing in revisions to…

Changelly, an instant cryptocurrency exchange platform, marks two major milestones: expanding its cryptocurrency support to 1,000 coins across 185 blockchain networks. To celebrate these achievements, the platform is launching a Valentine’s-themed promo campaign offering zero-fee trades and a chance to win 1,000 USDT.40% Growth in Crypto Assets CoverageThis growth in supported assets provides millions of Changelly’s users across all platforms with more options to exchange and buy cryptocurrencies. Changelly supports established coins and emerging digital assets across an expanded network of blockchain protocols to serve crypto enthusiasts with diverse portfolio needs.”We’re thrilled to announce this remarkable expansion in our supported…

UK GDP surprises with 0.1% growth, defying recession fears. US PPI inflation exceeds expectations, reinforcing Fed’s cautious stance on rate cuts. GBP/USD holds gains, but technical outlook still favors downside below 1.2473. The Pound Sterling registered solid gains versus the Greenback on Thursday after GDP figures in the UK surprisingly beat estimates. Meanwhile, inflation in the US rose, and US job data shows that the labor market remains strong. The GBP/USD trades at 1.2510, up 0.53%. Sterling gains but BoE’s and Fed divergence caps upside potential Data saved the British Pound after the Q4 2024 preliminary reading showed the economy…

EUR/CHF daily chartThe pair moved up to contest its 200-day moving average (blue line) in January but sellers held on at the time. And this week, we’re seeing more of the same stuff. There was an attempt to break above the key technical level yesterday and earlier today but it looks like buyers are not finding enough conviction just yet.A more positive risk appetite is helping, as Trump looks to be using tariffs as a negotiating tactic more so than any real “all hell breaks loose” scenario. Besides that, he also looks to be playing the mediator in the Russia-Ukraine…

Prior +0.6%Core CPI +1.2% y/yPrior +0.7%Headline annual inflation eased to start the year but core annual inflation is seen accelerating back above 1% in January. As a whole though, Swiss inflation remains well under control and it tees up for another rate cut by the SNB for next month. The central bank can take in some comfort from the latest geopolitical developments involving Russia and Ukraine as that could ease the downside pressure on EUR/CHF i.e. franc strength. This article was written by Justin Low at www.forexlive.com. Source link

FX option expiries for Feb 13 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.0300 1.1b 1.0375 1.6b 1.0400 1.7b 1.0425 787m 1.0475 768m 1.0500 2.6b GBP/USD: GBP amounts      USD/CAD: USD amounts                                  1.4240 598m 1.4300 1.1b 1.4375 985m 1.4400 457m Source link

Israel seen as likely to attack Iran by midyear, Washington Post reports Source link

A recent upswing took GBP/JPY above a key resistance zone, opening the door to a possible longer-term trend reversal. Is GBP/JPY gearing up for an upside breakout? Let’s check out the pair’s 4-hour chart: GBP/JPY 4-hour Forex Chart by TradingView U.S. officials hinting at exemptions to Trump’s tariff plans and traders shrugging off Uncle Sam’s hotter-than-expected January CPI print got traders taking on more risks on Wednesday. European currencies like the British pound, in particular, got an extra boost from the possibility of a peace deal between Russia and Ukraine. Meanwhile, the Japanese yen took a hit across the board…

The first U.S. CPI report of 2025 came in hotter than expected, with headline inflation rising 0.5% in January after December’s 0.4% increase. This pushed the year-over-year rate up to 3.0% from 2.9%. Core CPI, which strips out volatile food and energy prices, climbed 0.4% for the month and 3.3% annually, suggesting underlying price pressures remain stubborn. Link to the official U.S. CPI Report (January 2025) Details from the report gave clues on what may have driven January’s increase: Shelter costs rose 0.4%, accounting for nearly a third of the monthly gain Energy jumped 1.1% as gasoline prices increased 1.8%…