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Lackluster Trading in Forex as Economic Data Fails to Stir Major Movements
<p><img width="508" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-stocks30.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>Currency trading today r
Why the spot bitcoin ETF will be approved
<p>Spot bitcoin ETF approvals are a done deal, the only question is how the market will react.</p><p>The co-founder of crypto manager Valkyrie Steven McClurg today said the SEC will approve the ETF sometime after the market closes on Wednesday with trading beginning on Thursday. They have a pending approval for a spot bitcoin ETF
China likely to cut its lending rates on January 21 — Nomura
<p>The US CPI report isn't the only big one this week.</p><p>China also releases its inflation data on January 11 and it will highlight the room the PBOC has to cut rates. The November CPI reading was -0.5% y/y and December is likely to be even lower as energy costs pass through.</p><p>That highlights just how muc
Russia reduced December crude output by the most since cuts started
<p>Russia appears to be delivering on promised production cuts.</p><p>Oil dipped from a high near $73 to back down below $72 but shortly before these headlines, oil began to rally again, perhaps with the help of the improving risk trade.</p> This article was written by Adam Button at www.forexlive.com.
Atlanta Fed Q4 GDPNow 2.2% vs 2.5% prior
<p>The consensus on Q4 growth is around 1% so the Atlanta Fed tracker is still well-above it but they are converging. The latest estimate is 2.2% from 2.5% on January 3.</p><blockquote> After recent releases from the US Bureau of Economic Analysis, the US Census Bureau, the US Bureau of Labor Statistics, and the Institute for [&he
Euro spills to the lows of the week as the dollar nabs bids
<p>Some US dollar buying flows appear to be going through in a move that looks idiosyncratic in FX. Treasury yields remain roughly flat on the day and well off the highs while equities have been edging higher (which is usually USD-negative).</p><p>EUR/USD is at the lowest since the aftermath of non-farm payrolls, having just inche
US stocks trade lower and erase some of the gains from yesterday
<p>Yesterday:</p><ul><li>Dow Industrial Average rose 0.58%</li><li>S&P index rose 1.41%</li><li>Nasdaq index rose 2.20%</li></ul><p>Today, all or some of those gains have been erased. A snapshot of the market currently shows:</p><ul><li>Dow Industrial Averag
BNP Paribas AM says the ECB is likely to cut before the Fed – March or April possible
<p>The Wall Street Journal reported, ICYMI, on a BNP Paribas Asset Management assessment saying the European Central Bank is likely to cut interest rates in the spring, before the Federal Reserve does.</p><p>Citing:</p><ul><li>Eurozone economy is weaker than that of the U.S.</li><li>“It would make mor
Amazon's Twitch to cut 500 staff (thats around 35% of employees)
<p>Twitch is service that focuses on video game live streaming, including broadcasts of esports competitions. It also offers music broadcasts, creative content, and "in real life" streams. </p><p>Twitch is operated by a subsidiary of Amazon.com.</p> This article was written by Eamonn Sheridan at www.forexlive.com.