News

Pound Little Changed After U.K. PMI

At 4:30 am ET Wednesday, IHS Markit has issued UK's final composite PMI survey results. The pound changed little against its major rivals after the d ...more

*UK Jul Final Services PMI 56.5 Vs. 47.1 In Jun, Flash 56.6

UK Jul Final Services PMI 56.5 Vs. 47.1 In Jun, Flash 56.6 The material has been provided by InstaForex Company - www.instaforex.com ...more

*UK Jul Final Composite PMI 57.0 Vs. 47.7 In Jun, Flash 57.1

UK Jul Final Composite PMI 57.0 Vs. 47.7 In Jun, Flash 57.1 The material has been provided by InstaForex Company - www.instaforex.com ...more

Pound Eases Ahead Of U.K. PMI

At 4:30 am ET Wednesday, IHS Markit is scheduled to issue UK's final composite PMI survey results. According to flash estimate, the composite index r ...more

Euro Little Changed After Eurozone PMI

At 4.00 am ET Wednesday, Eurozone final PMI data has been issued. The euro changed little against its major rivals after the data. The euro was tra ...more

Indonesia's GDP Contracts Most Since 1999

Indonesia's economy contracted at the fastest pace since the Asian financial crisis as measures to control the spread of coronavirus pandemic took it ...more

Forecasts

Trade View: Long AUDUSD

If China is set to launch another round of stimulus to stave off the risk of its recent deleveraging attempts leading to a hard landing Australia’s cu ...more

USDCAD: Bullish bounce from below key average

This morning’s call is bullish and looking for gains to develop further. ...more

Trade View: Shorting silver on the June 13 Fed hike meeting

We're adding to our tactical gold shorts into the next Fed hike (June 13) with new short silver positions. ...more

Buy A2 Milk on infant formula expansion into Asia

The highest-ranked stock in our global equity factor model is a New Zealand company called a2 Milk. We look to buy shares on its Asian expansion plans ...more

Trade View: Spanish storm may make gold sparkle – #SaxoStrats

Hot of the heels of a corruption scandal Spanish PM Rajoy now faces a no confidence motion in parliament. Should he lose the yellow metal may become t ...more

A tactical short in Jan 2020 Fed Fund futures

This outlines a tactical short in Jan 2020 Fed Fund futures given adverse moves over the last few trading days. ...more

Technical Analysis

European shares end the day with mixed results

Some of the major indices are higher and a few are lower The major European indices are ending the day mixed In the European debt market, the ben ...more

USDJPY works it's way into swing area

The 108.36 to 108.47 is a swing area ahead of the high from last week The USDJPY has moved into a swing area defined by highs on September 18, Septemb ...more

The EURUSD is lower but supported below

The 1.1000 level is still key The EURUSD is lower but has seen up and down price action. The pair is off the low for the day at 1.1012 (currently trad ...more

US stocks are open with modest declines

Down on the day but off pre-market low levels too The US major indices are open and the major indices are trading down marginally. The snapshot is sho ...more

GBPUSD takes back about 38.2% of the move up last week

Him him Tested the 200 day MA last week.   The GBPUSD has taken back nearly 38.2% of the sharp move higher on Brexit hopes.  That hope ...more

Aussie falls further as risk assets see added pressure on the day

AUD/USD drops to a session low of 0.6764 ForexLive Notably, price is falling towards a test of the key hourly moving averages near 0.6748-59 now as se ...more

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