News of Rishi Sunak striking a deal with the EU has lifted sterling, but the supposed improvements need to satisfy Tory Brexiteers and the Democratic Unionist Party (DUP) Read More
The U.S. dollar extended losses after U.S. consumer confidence data surprised to the downside and prompted Treasury yields to pare their daily advance. Read More
The Yen remains vulnerable against the greenback as potential BoJ Governor Ueda doubles down on easy monetary policy stance. Can the Technical hurdles ahead keep USDJPY in check? Read More
USD/CAD is trading marginally higher this morning as the US dollar claws back lost gains. Canadian GDP and US consumer confidence under the spotlight today. Read More
The British Pound found firmer footing on a potential trade deal between the UK and EU while the US Dollar eased with Federal Reserve maintaining its inflation target. Higher GBP/USD? Read More
Gold prices appear at risk as traders turn their attention to US Consumer Confidence data next. Meanwhile, a bearish Death Cross is in focus on the daily chart. Read More
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 […]