<ul><li>Prior €33.8 billion; revised to €32 billion</li></ul><p>The drop in the current account surplus in November was largely due to an increase in the primary income deficit on the month. Here's the breakdown:</p> This article was written by Justin Low at www.forexlive.com.
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Here Are the Winners of The UF AWARDS MEA 2024
<p>Organised by UF Agency, part of Ultimate Fintech Group, the UF AWARDS are known for celebrating outstanding performance and commitment to innovation in the online trading industry. These prestigious awards are a testament to the hard work and achievements of the companies, setting a global standard for excellence. They also guide traders a
European equities observe a calmer start to trading today
<ul><li>Eurostoxx +0.2%</li><li>Germany DAX flat</li><li>France CAC 40 +0.2%</li><li>UK FTSE flat</li><li>Spain IBEX -0.3%</li><li>Italy FTSE MIB -0.1%</li></ul><p>The overall mood seems to be more tentative at best, with US futures also looking flattish at th
Chinese stocks see a late bounce to wrap up the day
<p>The dismal run in Chinese stocks looked set to continue today, with the Shanghai Composite briefly hitting a fresh four-year low as seen <a href="https://www.forexlive.com/news/chinas-stock-market-rout-continues-shanghai-composite-hits-a-four-low-20240118/" target="_blank" rel="follow">here</a>. Bu
FX option expiries for 18 January 10am New York cut
<p>There aren't any major expiries to take note of on the day. As such, trading sentiment will revolve around the technicals and market mood for the most part. On the latter, do keep an eye out on the bond market with 10-year Treasury yields lurking just above its 200-day moving average of 4.084% currently. We […]
Dollar sits lower as traders reassess the overnight moves
<p>EUR/USD is now up 0.2% to 1.0905 while USD/JPY has just trickled lower to 147.85 on the day currently. After some modest gains overnight, the dollar is getting checked back now as traders reassess the moves. Of note, 10-year Treasury yields are down 1.6 bps to 4.088% and is barely holding above the 200-day moving […]
USD/JPY clears the path towards 150.00 next?
<p>If you go by the chart, the break higher yesterday was a significant one for USD/JPY as it clears its 100-day moving average (red line) to push above 148.00. The key technical level is seen at 147.44, so keep above that and buyers will remain poised to extend the upside momentum in the pair from […]
EUR/USD survives first bout of key technical level in trading yesterday
<p>The dollar remains in a good spot overall but EUR/USD is not one pair that is making extra headway for the greenback this week. The pair moved to test its 200-day moving average (blue line) in trading yesterday before seeing a decent bounce to 1.0890 currently. So, what's next for the pair?</p><p>From a technical perspecti
Pakistan Foreign Ministry confirms Pakistan undertook series of military strikes in Iran
<p>Pakistan Foreign Ministry statement:</p><ul><li>Pakistan undertook series of military strikes against terrorist hideouts in Sistan-Baluchistan province of Iran</li><li>Number of terrorists were killed during intelligence-based operation</li><li>Pakistan fully respects the sovereignty and territoria
ForexLive Asia-Pacific FX news wrap: Losses for the USD continued
<ul><li><a href="https://www.forexlive.com/centralbank/federal-reserve-bank-of-atlanta-president-bostic-is-speaking-on-thursday-20240118/">Federal Reserve Bank of Atlanta President Bostic is speaking on Thursday</a></li><li><a href="https://www.forexlive.com/centralbank/european-centralbank-pres