An Amsterdam-based retail brokerage firm, BUX, announced the soft launch of its service that enables users to trade US shares at no cost, with users who want access to more advanced functionalities paying a small fee for the execution of their transactions.
BUX’s offering is a sim
XAU/USD, “Gold vs US Dollar”
XAU/USD is trading at 1721.00; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s downside border at 1695.00 and then resume moving upwards to reach 1805.00. Another signal to
Daily Pivots: (S1) 1.2297; (P) 1.2356; (R1) 1.2403;
No change in GBP/USD’s outlook as it’s still bounded in range of 1.2164/2647. Intraday bias remains neutral at this point. On the downside, break of 1.2164 will indicate completion of rebound from 1.1409. Intraday bias will be turned back to the do
Dollar and Canadian remain the worst performing major currencies for the week and stay pressured. Both Fed and BoC s are perceived as having more room for rate cuts, comparing to, say, ECB and BoJ. Indeed, as the Wuhan coronavirus continues to spread to the world quickly, markets are seeing 100% cha
Intra-Day Market Moving News and Views
Update Time: 26 Feb 2020 04:30GMT
EUR/USD - 1.0866... The single currency proved quite tricky to trade yesterday as despite initially rebounding 1.0867 in Asian morning, price dropped to session lows at 1.0831 ahead of New York open on cross-selling of euro esp
Durable goods orders to fade from strong June
Business spending expected to decline slightly
Retail sales suggest active consumer durable goods
The US Census Bureau will release its report on Manufacturers New Orders for Durable Goods in July on Monday August 27th, 12:30 GMT, 8:30 EDT.
- Risk sentiment keeps improving as optimism over potential stimulus packages in major economies around the world grows
- China PBoC sets its New Benchmark Lending Rates lower (as expected) in a bid to guide borrowing costs down as the economy expands at its slowest pace in
After a higher start and a subsequent fall, the U.S. dollar rebounded around late morning Thursday and stayed steady above the unchanged line right through the afternoon.
The dollar index, which dropped to 97.50, moved to 97.92 an hour past noon, and despite paring some gains, remained in positive t
Israeli crypto startup Beam announced that it is going to undergo a hard fork on its network next month to add new features.
Per Tuesday’s announcement, the chain split will be done on block height 321321 which the company is estimating to achieve on August 15. This is also the first net
New Zealand Dollar strengthens broadly today after CPI picked up in Q2. On the other hand, Australian Dollar trades slightly softer after RBA minutes affirmed easing bias. Euro and Dollar strengthen mildly in Asian session. But both will face tests from economic data, including US retail sales and G
Analysts at TD Securities are looking for the UK unemployment rate to remain unchanged at 3.8% in May for the third straight month (mkt: 3.8%), although with some risk that it nudges back up to 3.9%.
“For wage growth, we look for the ex-bonus measure to remain unchanged at 3.5 y/y (mkt: 3
FX News Today
FOMC minutes of the June meeting were a little anti-climactic following Fed Chair Powell’s testimony. However, there were “many” indications that an easier policy stance was the more desired outcome.
10-year Treasury yields dropped -2.3 bp to 2.039% overnight, and reopened soft, st
Daily thread to exchange ideas and to share your thoughts
Good day, everyone! I hope you're all doing fine as we get things going here in the European morning session today. Headlines have been few and far between thus far but there are some notable moves among major currencies as the dollar holds s