The Canadian dollar is steady at the start of the week. USD/CAD is trading at 1.4356, down 0.11% on the day. The Canadian dollar declined 0.50% on Friday after Canada’s job report was weaker than expected. Canada’s job growth grinds to a halt Canada’s economy gained only 1.1 thousand jobs in February, well short of […]
A US technology vendor is aiming to offer combined trades in multiple asset classes, as part of a wider effort to push electronic trading for more complex products. OneChronos, which operates an alternative trading system (ATS) for equities, will extend its auction system to the foreign exchange spot market, enabling users to co-ordinate related transactions
FX markets are starting to settle down after a momentous week. While events in Europe were really the dominant factor, we would not have seen such big moves in EUR/USD were it not for US short-dated rates crumbling, ING’s FX analyst Chris Turner notes. DXY may return at 104.30/50 “Financial markets have priced the Fed
The USD/JPY forecast shows higher demand for the yen. The yen rallied last week amid uncertainty regarding the global economy. The US economy added a smaller-than-expected 151,000 new jobs in February. The USD/JPY forecast shows higher demand for the yen due to US trade policy uncertainty and a weak dollar. Market participants remain concerned about
German DAX futures +0.8% UK FTSE futures +0.3% Besides the DAX, European indices had a more testing time in trading last week. The close on Friday also missed out on the late recovery in Wall Street, so there is an element of catching up here. That said, the negative mood in US futures is worth
Forex markets are trading quietly in the Asian session, remaining within Friday’s range and showing little impetus to move decisively in either direction. Dollar is staying on the back foot, with a lack of substantial buying interest to sustain a meaningful rebound. While last week’s non-farm payroll data helped calm fears of a rapid labor
Japan’s leading index increased less-than-expected in January to the highest level in three months, preliminary data from the Cabinet Office showed on Monday. The leading index, which measures future economic activity, rose to 108.0 in January from a downwardly revised 107.9 in December. The score was forecast to increase to 108.4. Likewise, the coincident index
Gold prices remained broadly unchanged in Saudi Arabia on Monday, according to data compiled by FXStreet. The price for Gold stood at 350.93 Saudi Riyals (SAR) per gram, broadly stable compared with the SAR 350.96 it cost on Friday. The price for Gold was broadly steady at SAR 4,093.09 per tola from SAR 4,093.57 per
Michael Saylor, the founder of Strategy, has proposed that the U.S. government acquire 25% of Bitcoin’s total supply by 2035 to establish a Strategic Bitcoin Reserve. He suggests that the government systematically purchase 5-25% of Bitcoin’s supply through daily acquisitions between 2025 and 2035, by which time 99% of Bitcoin will have been issued. Saylor
The value of overall bank lending in Japan was up 3.1 percent on year in February, the Bank of Japan said on Monday – coming in at 635.468 trillion yen. That was in line with expectations and up from the downwardly revised 2.9 percent increase in January (originally 3.0 percent). Excluding trusts, bank lending climbed
China’s Minister of Housing and Urban-Rural Development, Ni Hong, said on Sunday that the country’s property sector has shown positive change with market confidence improving. Hong further stated that the government will promote the purchase of existing housing and expand urban village renovation, per Reuters. Key quotes Said that the country’s property market is showing
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
A week ago on Sunday, US President Trump made a mess of the crypto market but tweeting about a crypto reserve including Solana, Ripple and Cardano. A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the
China inflation data for February 2025: Consumer Price Index -0.7% y/y, falling back into negative for the first time since January 2024 expected -0.5%, prior +0.5% Consumer Price Index -0.2% m/m expected -0.1%, prior +0.7% Producer Price Index -2.2% y/y expected -2.1%, prior -2.3% China’s National Bureau of Statistics (NBS) blames the y/y drop back
Mon: Eurogroup Meeting, Norwegian CPI (Feb), EZ Sentix Index (Mar), Japanese GDP (Q4) Tue: EIA STEO Wed: 25% US tariff on all imports of steel and aluminium comes into effect, BoC Announcement, ECB Wage Tracker, OPEC MOMR, US CPI (Feb) Thu: IEA OMR, EU-South Africa summit, Swedish CPIF (Feb), EZ Industrial Production (Jan), US PPI
