Category Archives: Forex News

The major US stock indices are closing sharply lower on the day. The declines were led by the Russell 2000 which fell -2.22%. A snapshot of the closing levels shows: Dow industrial average -696.75 points or -1.63% at 41938.45 S&P index -91.21 point to rise 1.54% at 5827.04 NASDAQ index -317.25 points or -1.63% at […]

The December 2024 U.S. jobs report was released at 8:30 AM ET, and showed strong job growth, with non-farm payrolls increasing by 256,000, significantly beating expectations of 160,000. The unemployment rate dropped to 4.1% (unrounded 4.0855%), lower than the expected 4.2%. The labor force participation rate held steady at 62.5%, while the broader U6 underemployment […]

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 […]

Crude oil is settling at $76.57 per barrel, up $2.65 or 3.56%. The price reached a 3- month high today. New U.S. sanctions targeting Russia’s oil exports helped to contribute to the rise. The Biden administration imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, their subsidiaries, over 180 vessels, oil traders, oilfield service […]

GBPUSD weekly I’ve been writing since the turn of the year that it will be a ‘catch-down’ trade for the pound in 2025 after it mostly kept pace with the US dollar in 2024. It’s been a rough start to the year for GBP as it’s lagged substantially already, including another 100 pip decline today […]

Closing changes for the main European equity markets: Stoxx 600 -0.8% German DAX -0.5% France CAC -0.9% UK FTSE 100 -0.8% Spain IBEX -1.5% Italy’s FTSE MIB -0.5% On the week: Stoxx 600 +0.7% German DAX +1.6% France CAC +2.0% UK FTSE 100 +0.3% Spain IBEX +0.6% Italy’s FTSE MIB +3.0% The Italy MIB is […]

The NZDUSD has stretched lower in trading today as the pair is hit on “risk off” flows as well as higher rates.The currency pair is down around -0.70% and the biggest mover vs the USD today. Technically, the price is stretching closer to the 2022 low which reached 0.55105. The low price today has reached […]

Stock heatmap by FinViz.com Fri, 10 Jan 2025 14:46:14 GMT Energy stocks rally: Tech and semiconductors face pressure The stock market today exhibits a mixed landscape as a resurgence in energy stocks is contrasted sharply by declines in the technology sector, particularly within semiconductors. Investors and traders at ForexLive should note these sector dynamics when […]

The AUDUSD is breaking below the 2022 and 2024 lows. On the last day of the trading year, the price moved to a low of 0.61785. That was just above October 2022 low and 0.6170. Yesterday, the price moved to 0.6171 but once again found support buyers. Breaking below those level opens the door for […]

Headlines: Markets: JPY leads, NZD lags on the day European equities mixed; S&P 500 futures down 0.1% US 10-year yields up 2.1 bps to 4.701% Gold up 0.4% to $2,681.43 WTI crude up 3.1% to $76.19 Bitcoin up 3.0% to $94,915 It was a quiet session for the most part as broader markets are gearing […]