FOREX TODAY: OBSERVING EUROZONE GROWTH FIGURES AND MID-TIER US DATA
Early on Tuesday, despite stories about the Chinese housing crisis and growing geopolitical tensions, markets are still cautious. Investors will be eagerly monitoring Germany's and the Eurozone's fourth-quarter GDP growth statistics. The Bureau of Labor Statistics will release the JOLTS Job Openings report for December later in the day, and the Conference Board will release the January data from the US Consumer Confidence Index.
FOREX TODAY: EXPECT INCREASED VOLATILITY DUE TO PMI DATA AND BOC POLICY ANNOUNCEMENTS
Early on Wednesday, financial markets are comparatively quiet after Tuesday's erratic trading. Later in the day, S&P Global will release the Manufacturing and Services PMI data for the US, Germany, the Euro region, and the UK.
FOREX TODAY: BOJ UPHOLDS STATUS QUO WHILE THE US DOLLAR DECLINES
Early on Tuesday, the US Dollar (USD) is not in high demand; during European trading hours, the USD Index fell below 103.00. Later in the day, the Consumer Confidence for January will be made public by the European Commission. The Richmond Fed Manufacturing Index for January will be included in the US economic docket, and later in the US session, there will be an auction of US Treasury notes with a two-year maturity.
FOREX TODAY: AS THE WEEK BEGINS, MARKETS ARE STILL TRANQUIL.
Early on Monday, major currency pairings trade within well-known ranges as investors remain cautious ahead of the major macroeconomic events of the week. There won't be any major data releases on the economic calendar. The Bank of Japan (BoJ) will make its monetary policy announcements during the Asian session on Tuesday, while the Bundesbank of Germany will deliver its monthly report during European trading hours.
FOREX TODAY: AS THE MAJOR CENTRAL BANK WEEK GETS UNDERWAY, MAJOR CURRENCY PAIRS STAY CALM.
Early on Monday, investors were preparing for the important central bank meetings and macroeconomic events of the week, which kept the action in the financial markets muted.
FOREX: MANUFACTURERS OF METERS FACED WITH DEMAND TO CONTINUE SUPPLY
Because of the ongoing lack of foreign exchange, meter manufacturers are under pressure to maintain supplies, and their operations are being adversely affected by price swings.
Oil: Brent Breaks Above US$80/bbl
The oil market rallied as hopes of a cease-fire between Israel and Hamas fadeEnergy - Oil Rallies as
Rupee Remained In Range Amid Robust Influxes Of Foreign Currency And A Hawkish RBI
# trading range for the day is 82.89-83.13.# Rupee remained in range amid robust influxes of foreign
XM organized "My Future, My Dream Career" Program in Thailand
XM, a reputable broker, performed its social responsibility by organizing a program called "My Future, My Dream Career" in Thailand to empower underprivileged students.
The Person Behind Ivision Market Controversy: Exposed
Ivision Markets under scrutiny: Inside the allegations of fraud and investor deception. Learn the facts and figures behind the controversy.
CySEC revokes CIF license of Leverate
The Cyprus Securities and Exchange Commission (CySEC) has withdrawn Leverate Financial Services Ltd.'s Cyprus Investment Firm (CIF) authorization. The decision was made at CySEC's meeting on December 4, 2023, after the firm officially resigned its authorization.
Which Forex Currency Pair Should You Pick?
In the dynamic world of forex trading, selecting the right currency pair is a crucial decision that can significantly impact your trading success. How do you know which currency pair to pick among the myriad selections?
KikiTrade Goes Decentralized! Act Now – Withdrawals Only Until February 2024!
KikiTrade is transitioning away from centralized exchanges to decentralization, discontinuing custodial services after February 2024. Users are reminded to withdraw any funds remaining in their KikiTrade trading accounts.
Celebrate Lunar New Year with Your Favourite Brokers
Step into the spirit of joy and prosperity as we celebrate the Lunar New Year, welcoming the Year of the Dragon. Online brokerage platforms are immersing themselves in the celebratory atmosphere by introducing enticing promotions.
EXPERTS' TAKE ON DOLLAR SCARCITY: HOW CBN CAN HELP RESTORE CONFIDENCE IN THE FOREX MARKET
INVESTIGATING BANKS AND BDCS FOR SUSPECTED FX SABOTAGE
CBN PUMPS $500 MILLION INTO FX MARKET TO STOP NAIRA DECLINE
LAGOS: On Monday, the Central Bank of Nigeria (CBN) said that it had added million to the FX market in an effort to reverse the declining value of the naira.
Rupee Gained On The Back Of Dollar Sales From Two Large Foreign Banks.
# trading range for the day is 82.93-83.17.# Rupee gained on the back of dollar sales from two large
Lime Trading Corp. fined $100,000 by NFA
The National Futures Association (NFA) put a $100,000 fine on Lime Trading Corp. on February 7, 2024. It is a futures commission merchant member of the NFA based in New York. N.Y. Lime Trading became an NFA member in August 2016.
Capital.com Won Five Major Awards at 2024 ForexBrokers.com Annual Awards
Capital.com, a reputable broker in the financial industry, won five awards in different categories at the 2024 ForexBrokers.com Annual Awards.
Finalto Asia and Centroid Solutions: Advancing Trading Connectivity
Finalto Asia and Centroid Solutions team up to improve APAC trading, offering enhanced liquidity and advanced technology.