Gold Drops $100 on NFP Data!
The dollar was boosted on Friday as NFP and PMI data exceeded expectations. Gold dropped below the $1900 level as the sell-off erased recent gains. With Jerome Powell giving a speech this week regarding the next move for the Fed, will a retracement ensue, or will the yellow metal drop even further? Timestamps XAUUSD 01:35 […]
Kiwi drops post-testing strength of the consolidation breakdown
NZD/USD has dropped firmly after sensing deep selling interest while testing the consolidation breakdown. Investors’ risk-taking capacity is dropping ahead of the interest rate decision by the Fed. The 20-EMA has acted as a major barricade for the New Zealand Dollar. The NZD/USD pair has resumed its downside journey after a pullback move to near […]
Compensation Sought by FX Traders Worldwide Drops 17% to $12.4M in 2022
Total compensation sought by forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a […]
German Preliminary Manufacturing PMI drops to 47.0 in January vs. 47.9 expected
German Manufacturing PMI arrives at 47.0 in January vs. 47.9 expected. Services PMI in Germany jumps to 50.4 in January vs. 49.7 expected. EUR/USD erases gains near 1.0870 on mixed German PMIs. The German manufacturing sector contraction moderated in January even as inflation continues to slow, the preliminary manufacturing activity report from S&P Global/BME research […]
USD/JPY drops back towards 130.00 to snap two-day rebound amid softer yields, mixed Japan PMI
USD/JPY takes offers to refresh intraday low, prints the first daily loss in three. Japan’s Jibun Bank Manufacturing PMI stays intact, Services PMI improved in January. Chatters over easing Covid-led restrictions on Japan, mixed sentiment exert downside pressure on Yen pair. US PMIs, risk catalysts are the key ahead of US Q4 GDP. USD/JPY slides […]
CySEC Investment Managers’ AUM Drops 7.2% to €9.9 Billion in Q3 2022
The asset under management (AUM) of investment management firms supervised by the Cyprus Securities and Exchange Commission (CySEC) reached €9.9 billion during the third quarter (Q3) of 2022. This represents 7.2% and 14.7% decreases when compared to the firm’s performance during Q2 2022 and Q3 2021. “The decrease in the value of investments is mainly […]
ICYMI – Citi drops its call for 50bp at the Fed Jan/Feb meeting, now projecting +25bp
The consensus has shifted to a 25bp interest rate hike at the January 31/February 1 Federal Open Market Committee (FOMC) meeting. Earlier today I had this reflecting the ratchet downward: Citi (client note via CNBC, this report is not fresh, posting as a catch-up): “We are changing our call for the February FOMC meeting from […]
XAU/USD struggles around $1930s, drops on buoyant US Dollar
Gold price is set to finish the week around $1920s after hitting a multi-month high of nearly $1938. Thursday’s US economic data was mixed, showing that the labor market is far from portraying an upcoming recession. Gold Price Analysis: The 100-DMA crossed above the 200-DMA, further cementing the upward bias. Gold price retreats from multi-month […]
Compensation Sought by FX Traders from Brokers Drops 3% to $3.3M in Q4
The total compensation sought by online forex brokers from all brokerages declined slightly to $3.3 million during the fourth quarter of 2022, down from $3.5 million in the prior quarter. Similarly, the compensation awarded to traders dropped by 23% to $60,919 during the past quarter. On the contrary, the compensation sought from member brokers of […]
Dollar remains unloved; sterling drops on weak retail sales By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Friday, remaining around seven-month lows amid concerns of a U.S. economic slowdown, while sterling retreated after weak retail sales data. At 03:15 ET (08:15 GMT), the , which tracks the greenback against a basket of six other currencies, edged […]