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EUR/USD finds support in 1.0800s as Fed meeting comes into view

EUR/USD is under pressure amid fading expectations the Fed will cut interest rates early. The dot plot from the Fed’s meeting on Wednesday could show a shift from three to two cuts this year, Bloomberg reports. Such a change would probably cause more negativity for EUR/USD.

By TradeRadius | 20 Hours Ago

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Oil soars near 1% on US Crude stockpile slinking

WTI Oil trades up around 3% in just two trading days. Oil traders are seeing bullish positioning paying off after US stockpiles unexpectedly declined. The US Dollar Index trades just below 103.00 ahead of US Retail Sales and PPI data.

By TradeRadius | Thu, 14 Mar 2024 12:41:51 UTC

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US Nonfarm Payrolls Forecast: Robust NFP gains in the last two months unlikely to be repeated in February

US Nonfarm Payrolls are set to rise by 200K in February after January’s stellar 353K gain. The United States Bureau of Labor Statistics will release the labor market data at 13:30 GMT. Robust employment data could provide some relief to US Dollar buyers.

By TradeRadius | Fri, 08 Mar 2024 12:41:13 UTC

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Gold Price Forecast: XAU/USD to suffer a correction in the coming days and weeks – Commerzbank

The new all-time highs for Gold are noteworthy. Strategists at Commerzbank think there is too much interest rate optimism on the Gold market and see the sharp rise as an exaggeration.

By TradeRadius | Fri, 08 Mar 2024 12:38:06 UTC

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Canada Interest Rate Decision Preview: BoC looks set in holding mode as inflation falls back to target range

The Bank of Canada (BoC) is expected to keep its rates unchanged. The Canadian Dollar has met a tough resistance at around 1.3600. Canadian inflation remains sticky, although on a downward path.

By TradeRadius | Wed, 06 Mar 2024 11:34:00 UTC

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Canadian Dollar trades into tight range with next BoC rate call in the pipe

Canadian Dollar finds the middle as investor appetite churns. Bank of Canada rate call slated for the midweek. US NFP expectations to draw attention through the week.

By TradeRadius | Mon, 04 Mar 2024 17:43:06 UTC

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Gold price remains upbeat ahead of data-packed week, Fed Powell’s testimony

Gold price trades near a two-month high as Fed rate-cut bets for June deepen. Weak US Manufacturing PMI data weighs heavily on the US Dollar. Fed Powell may provide fresh insights on the timing for rate cuts this week.

By TradeRadius | Mon, 04 Mar 2024 14:16:24 UTC

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Pound Sterling holds strength against US Dollar ahead of US data-packed week

Pound Sterling stretches its upside as markets expect the BoE to hold interest rates higher for longer than the Fed. UK inflation remains sticky, particularly in the services sector, due to solid wage growth. Investors await Fed Powell’s testimony for fresh cues on interest rate outlook.

By TradeRadius | Mon, 04 Mar 2024 14:14:04 UTC

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WTI Oil jumps to $78 as markets expect OPEC production cuts to extend into Q2

WTI Oil jumps to $78, trying to break higher. Oil traders are seeing bullish signals as US macroeconomic data points to a recovery and OPEC looks set to lengthen its production cuts. The US Dollar Index is back above 104.00, though it is unable to clearly break away from a pivotal level.

By TradeRadius | Fri, 01 Mar 2024 12:18:10 UTC

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AUD/JPY rebounds to near 97.80 on remarks from BoJ Governor Ueda

AUD/JPY breaks its four-day losing streak on Friday. BoJ Governor Kazuo Ueda expresses skepticism regarding inflation reaching the 2% target. S&P/ASX 200 Index tracked gains on Wall Street, supporting the AUD.

By TradeRadius | Fri, 01 Mar 2024 10:04:45 UTC

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Guest Articles

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Rally splutters as Europe ploughs on with rate hikes

LONDON, March 23 (Reuters) - Europe's post-Credit Suisse rebound spluttered to a halt on Thursday as Switzerland and Norway, and most probably the Bank of England later, showed the year-long cycle of sharp interest rate rises was by no means over.

By Marc Jones, Reuters | Thu, 23 Mar 2023 10:26:55 UTC

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What does disinflation really mean for markets?

Corporate Reporting Season The Fed raises but when will it hold? Europe on a knife-edge Britain’s downward spiral? Are investors risk-on with crypto? Key events in February

By Exante | Thu, 02 Feb 2023 16:03:43 UTC

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Cardano and Solana decoupled from crypto in explosive price rallies, which altcoin is next?

Cardano and Solana decoupled from Bitcoin, Ethereum and crypto ecosystem, yielding double-digit gains overnight on January 8. On-chain indicators like social dominance and daily active addresses signaled a bullish trend reversal for both. Litecoin’s correlation with Bitcoin and Ethereum is declining, the altcoin may be preparing for an explosive price rally.

By Ekta Mourya, FXStreet | Mon, 09 Jan 2023 11:28:29 UTC

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Crude Oil Price Hammered by Growth Concern but Steadies Today. Where to for WTI?

Crude oil prices found some support today after a two-day tanking An IMF alarm bell and China’s economic woes are weighing on WTI Fed minutes reveal their resolve to slow the economy. Will WTI make a new low?

By Daniel McCarthy, DailyFX | Thu, 05 Jan 2023 10:05:01 UTC

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Partners News

ANZ Embraces CobaltFX's Dynamic Credit for Streamlined FX Trading

Australia and New Zealand Banking Group (ANZ) has become the latest major bank to adopt CobaltFX's Dynamic Credit platform for managing credit exposure in foreign exchange trading. ANZ Joins CobaltFX to Streamline FX Credit ManagementBy joining CobaltFX's platform, ANZ can access real-time,...

By TradeRadius | 6 Minutes Ago

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Unilever to cut 7,500 jobs and split off arm that makes Ben & Jerry’s

Unilever on Tuesday said it may spin off the ice cream-unit that produces Ben & Jerry’s as the multinational consumer goods company said it expects to slash 7,500 jobs globally.

By TradeRadius | 6 Minutes Ago

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Close Brothers H1 Adj. Profit Rises - Quick Facts

Close Brothers Group PLC (CBG.L) reported first half operating profit before tax of 93.8 million pounds compared to 11.7 million pounds, last year. Earnings per share was 46.0 pence compared to 5.6 pence. Adjusted operating profit increased to 94.4 million pounds from 12.6 million pounds....

By TradeRadius | 6 Minutes Ago

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Unilever to split off ice cream business

Consumer group aims for €800mn of cost savings in moves that will affect 7,500 staff

By TradeRadius | 23 Minutes Ago

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Russell 2000 Bulls Hope 50 DMA Support Holds; Nasdaq, S&P 500 Brace for Pullback

The () has been defending its 50-day MA over the early part of 2024, but the last few days have seen a shift in this support with 'sell' triggers in the MACD and On-Balance-Volume. The index is underperforming relative to the , but it has been a bit of a whipsaw scenario since early February.

By TradeRadius | 27 Minutes Ago

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What to Expect From the Upcoming US Key Rate Announcement?

The Federal Open Market Committee (FOMC) meeting is approaching—it will be held on 19 and 20 March. What decision should we expect on key interest rates in the US and what would be the possible scenarios for the ?

By TradeRadius | 27 Minutes Ago

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Japan Industrial Output Falls 6.7%, Less Than Estimated

Japan's industrial production contracted notably in January, though less than initially estimated, final data from the Ministry of Economy, Trade, and Industry showed on Tuesday. Industrial production fell 6.7 percent on a monthly basis, in contrast to the 1.2 percent rebound in December. In...

By TradeRadius | 38 Minutes Ago

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Yen Slides As BoJ Pause Its Ultra-Loose Monetary Policy

The Japanese yen weakened against other major currencies in the Asian session on Tuesday, after the Bank of Japan decided to end negative rates amid signs that inflation is strengthening. The Bank of Japan raised its interest rates for the first time in nearly two decades. The BoJ Policy Board,...

By TradeRadius | 38 Minutes Ago

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War, reforms and a possible successor? Here's what we could see from 6 more years of Putin

Vladimir Putin's reelection to a fifth term in office comes at a time of geopolitical uncertainty for Russia.

By TradeRadius | 48 Minutes Ago

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FDA Approves First Gene Therapy For Kids With Early-onset MLD

The U.S. Food and Drug Administration approved Lenmeldy (atidarsagene autotemcel) gene therapy to treat children with early-onset metachromatic leukodystrophy or MLD. Lenmeldy, formerly known as OTL-200, was developed by Orchard Therapeutics, which was acquired recently by Japan-based Kyowa...

By TradeRadius | 49 Minutes Ago

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