Traders revised aggressively their rate cuts bets following Trump's change of heart with the market now expecting three rate cuts from the Fed compared to five at the peak of the risk-off sentiment
24 Exchange has commenced live trading of foreign exchange (Forex) swaps using CobaltFX's Dynamic Credit process, the companies announced today (Thursday).
President Donald Trump’s “Liberation Day” announcements last week, imposing tariffs globally, sent shockwaves through the markets. However, one group that benefited was trading service providers.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory for the third consecutive day near 102.70, down 0.28% on the day.
The AUD/JPY pair recovered its daily losses and is trading above the 91.00 mark during Thursday’s Asian session. The Australian Dollar (AUD) is finding support amid optimism over renewed trade negotiations between Australia and the European Union (EU).
European Commission President Ursula von der Leyen said on Thursday, noting that “the European Union (EU) remains committed to constructive talks with US on tariffs.”
We have the US CPI and the US Jobless Claims on the data front but the attention has now switched to China after Trump hiked tariffs to 125% yesterday. Will they retaliate again?
The USD/CHF pair loses ground to near 0.8530 during the early European session on Thursday. The US Dollar (USD) weakens against the Swiss Franc (CHF) amid the escalating trade tension between the US and China, the world’s two largest economies.
European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Thursday that US President Donald “Trump's tariff pause decision is less bad news but still bad news elements out there in America.”
The Federal Court has appointed liquidators to wind up Falcon Capital Limited and its First Guardian Master Fund, following an application by the Australian Securities and Investments Commission.
Deepening US-China trade war continues to bolster the haven demand for Gold price in India on Thursday, even though the global stocks rebound on US President Donald Trump's "90-day pause" on reciprocal tariffs for all other countries.
The EUR/JPY cross weakens to around 161.05 during the early European session on Thursday. The Japanese Yen (JPY) drifts higher against the Euro (EUR) as the stronger-than-expected Japanese Producer Price Index (PPI) keeps the door open for further rate hikes by the Bank of Japan (BoJ).
The US Senate yesterday (Wednesday) confirmed Paul Atkins as the next Chair of the Securities and Exchange Commission (SEC) with a 52–44 vote, mostly along party lines.
The USD/CAD pair attracts some sellers following an Asian session uptick to levels just above the 1.4100 mark and drops to a fresh daily low in the last hour amid a modest US Dollar (USD) downtick. Spot prices currently trade around the 1.4075-1.4070 area and seem vulnerable to weaken further.
Gold price (XAU/USD) retreats after touching a fresh weekly high during the early European session on Thursday, though it sticks to positive bias for the second straight day and holds above the $3,100 mark.
The EUR/USD pair attracts some buyers to around 1.0980 during the Asian session on Thursday. The Euro (EUR) edges higher against the Greenback as German conservative leader agreed on a coalition deal with the center-left Social Democrats on Wednesday.
Bullish Threshold: Above $83,750. Bearish Threshold: Below $81,550. Between $81,700 and $83,000, expect potential range-based action—favorable for scalpers or tactical day traders.
The GBP/USD pair recovers its daily losses and continues its winning streak for the third successive session, hovering around 1.2850 during Asian trading hours on Thursday.
After a huge volatile day yesterday, today with tradeCompass, we wait for ES to possibly reach 5,400, and we take it from there. As always, watch the key prices to consider partial profit taking, that is a major part of the tradeCompass approach.
Wang Xin, the head of the Shenzhen Cross-Border E-Commerce Association, which represents more than 3,000 Amazon sellers, told Reuters on Thursday that Chinese companies that sell products on Amazon are considering hiking prices for the United States (US) or looking to find new markets due to a big b
New Zealand (NZ) Finance Minister Nicola Willis said on Thursday that the Reserve Bank of New Zealand (RBNZ) has ample room to lower interest rates if needed.
Silver price (XAG/USD) continues to climb for the second straight day, trading near $31.10 per troy ounce during Thursday’s Asian session. The grey metal surged nearly 4% in the previous session, fueled by renewed safe-haven demand following escalating US-China trade tensions.
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