The US labour market data released on Friday caused sharp fluctuations in major currency pairs. Following the release of average wage and employment data from the US: EUR/USD rose to 1.1140 before sharply dropping to 1.1070. GBP/USD buyers attempted to push the price to 1.3240, but by market close, they had lost some of their…
What is Financial Liquidity? In the world of finance, the concept of liquidity is vital for understanding how easily assets can be converted into cash. Financial liquidity refers to the ease with which financial assets or securities can be sold on the market without affecting their price. The more liquid an asset, the quicker it…
UK labour market data was released today. According to Dow Jones Newswires: → Employment growth exceeded expectations, and unemployment benefit claims came in lower than forecast. ING analysts believe this supports the view that the Bank of England will cut interest rates more cautiously compared to the Federal Reserve. → Capital Economics analysts also suggest…
AbbeyCross, a platform focused on improving connectivity and access in global FX payments, announced Tuesday morning that Wise Platform has joined the ABX Platform as its newest payment partner. Wise Platform, Wise’s global payments infrastructure for banks and global enterprises, provides banks, financial institutions, and global enterprises with the capabilities, technology, and network to enable…
Signal Surge Indicator Review: A Comprehensive Forex Trading Tool In the ever-evolving world of Forex trading, the right tools can make all the difference. Among the plethora of trading indicators available, the Signal Surge Indicator stands out with its bold claims of being non-repainting, non-redrawing, and non-lagging, making it a versatile asset for both manual…
UK Investment platform AJ Bell announced Tuesday that Chief Operating Officer (COO) Roger Stott will be retiring and stepping down as an Executive Director of the company on December 31, 2024. Roger joined AJ Bell in July 2008, and during his time at the company, he held various roles, including Group Finance Director and Chief…
Intraday Analysis 10.09.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
UBS advised investors to sell any potential short-term gains in the US dollar, adopting a more bearish stance on the currency for the medium term. The firm anticipates a possible corrective rebound in September, particularly if the Federal Reserve’s hesitancy to implement rate cuts greater than 25 basis points aligns with the seasonal trend of…
Investing.com — Despite recent weakness, analysts at BCA Research in a note dated Monday assert that the remains resilient and is expected to rebound in the coming months. The global economic landscape, characterized by a downturn in manufacturing and increasing caution in financial markets, sets the stage for the dollar’s recovery. The greenback may be…
Fundamental Overview The markets have been waiting for the US NFP to provide a clear signal for either a 25 or 50 bps cut at the upcoming FOMC meeting, but instead we got a mixed report with some better details under the hood. The probabilities for a 50 bps cut decreased as a result and…