The US Dollar fell the most since the beginning of February following disappointing durable goods orders. Still, the DXY may remain focused higher after a bullish Golden Cross emerged. Read More
The Australian Dollar recovered today after solid domestic data and found support on Monday as the market contemplates the RBA rate and ahead of GDP tomorrow Lower AUD/USD? Read More
<p>BGC Partners, a major financial technology and brokerage firm, released its fourth quarter and full year 2022 results on Monday, reporting marginal decreases in its consolidated revenue from <a href=”https://www.financemagnates.com/terms/f/forex-trading/” class=”terms__main-term” id=”258a569f-bf49-4a61-a1b4-bc352d76141f” target=”_blank”>forex trading</a>. The numbers decreased by 0.3% quarter-over-quarter (compared to 2021) to $71.9 million and 0.5% year-over-year (YoY) to $299.7 million. </p><p>The decline in revenue also reflects in […]
Commodity markets have sold off in the wake of upward revisions to the Federal Funds rate. The non-interest-bearing asset now approaches a crucial technical level Read More
US durable goods orders fell more than expected in January, reflecting a decline in 2 of the last 3 months according to data from the US Census Bureau. Read More
<p>TipRanks, a top financial <a href=”https://www.financemagnates.com/terms/b/big-data/” class=”terms__main-term” id=”664da55a-0ba1-488e-8fbe-b2ddfa3ad705″ target=”_blank”>big data</a> company that makes institutional-grade research tools and data available to retail investors, has finally introduced research tools for the trading of 7,000 exchange-traded funds (ETFs). The tools offer analyst forecast and price targets, Smart Score prediction and technical analysis for ETFs.</p><p>The development comes 10 years after the firm, which was […]
Spot gold continues to make its way toward the $1800 level as the Dollar remains bid following US PCE Data. Can the precious metal catch a short-term bounce as the RSI enters oversold territory? Read More
The Euro has been battered like many other currencies by Dollar-supporting suspicions that US interest rates will be staying higher for longer. Read More