Latest Updates

FX Markets: Non-Farm Payrolls In Focus

FX Markets: Non-Farm Payrolls In Focus

Traders today await the Non-Farm Payrolls, but before that during the European session we have the Germany May factory orders data due at 6:00GMT, the France May trade balance data will be released at 6:45GMT while from Switzerland we expect the June foreign currency reserves at 7:00GMT. Pound traders await [...]
USDMXN: Mexico Consumer Confidence Worst Than Expected

USDMXN: Mexico Consumer Confidence Worst Than Expected

The Mexico Consumer Confidence came in at 106.1, worst than analysts’ expectations of 109.9 for June. USDMXN is giving up 0.11 percent to 18.9979 having hit earlier today the low at 18.967. Macro data from USA failed to impress USD investors yesterday, the US initial jobless claims for the week...

Continue reading with a free membership account. It takes seconds to create.

[nextend_social_login style="icon"] Register


EURUSD: Retail Sales Figure Disappoints

EURUSD: Retail Sales Figure Disappoints

EURUSD trading flat today at 1.1285 after European Monetary Union Retail Sales, month over month, came in at -0.3% worst than analysts’ expectations of 0.3% for May.  The Retail Sales, year over year, came in at 1.3%, and missed the forecasts of 1.6% in May. The volumes are very low [...]
Asian Indices Mixed, Nikkei Adds 0.30%

Asian Indices Close Mixed, Nikkei Adds 0.30%

Asian indices finished mixed today despite Wall Street indices finished at all time high. The Hang Seng finished 0.21 percent lower at 28,795, the Shanghai composite slipped 0.33 percent to 3,005 and the Singapore Straits Times index finished 0.19 percent higher at 3,374. ASX 200 in Australia ended 0.49 percent [...]
DXY Consolidates Above Mid 96

DXY Consolidates Above Mid 96

Dollar index trading slightly lower at 96.72 in thin trading and narrow trading range (10 pips) as the US markets are closed today for the 4th July celebrations. Yesterday US data failed to impress investors as the US initial jobless claims for the week of June 29th came in at...

Continue reading with a free membership account. It takes seconds to create.

[nextend_social_login style="icon"] Register


USDCHF: Switzerland CPI Above Forecasts

USDCHF: Switzerland CPI Above Forecasts

USDCHF is adding 0.03 percent at 0.9865 despite the positive news from Switzerland. The Switzerland Consumer Price Index, Month over Month, came in at 0% beating analysts’ forecasts of -0.1% in June.  The Consumer Price Index, Year on Year, came in at 0.6%, better than market consensus of 0.5% in [...]
Quiet Day Ahead in Forex Markets

Quiet Day Ahead in Forex Markets

Markets will be slower today as we are heading into the 4th of July US holiday. In Europe we await the Switzerland June CPI figures due at 6:30GMT.  The Germany June construction PMI will be released at 7:30GMT while Eurozone May retail sales figures will add volatility to EURUSD due [...]
Tesla (TSLA) Beat on Deliveries, Stock +5%

Tesla (TSLA) Beat on Deliveries, Stock +5%

Tesla is the story today as the company delivered 95,000 units, beating analysts’ expectation of 87,700, the previous delivery record was 91,000 units. Model 3 deliveries was 77,550 during the three month period, accounting for 81.5% of total units. The stock daily range is from 234.51 to 241.57 while the [...]

What you should know about Forex Trading

“What is Forex Trading?”  is a basic question which is asked by a trader looking forward to entering this market, and in this article you will learn all you need to know about Forex trading. Who are the players? Reasons to why people trade FX? Forex advantages, how currencies are [...]
USDCAD Approaches YTD Low

USDCAD Approaches YTD Low

USDCAD resumes the downward trend after the pair rejected on Monday at the weekly high at 1.3144 and today gives up 0.23 percent to 1.3073. CAD got a boost as the Canada International Merchandise Trade came in at $0.76B beating forecasts of $-1.5B for May. Exports came in at $53.11B,...

Continue reading with a free membership account. It takes seconds to create.

[nextend_social_login style="icon"] Register