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EURUSD extends to new highs after support held. What next for the pair?
The EURUSD broke higher today above the 61.8% and swing area between 1.0448 and 1.0461 and stayed above on the dip. Bulls are in control.
EUR
USD


USDCAD remains in the grasp of the up and down trading range this week.
The sellers are in control, but can they break out or will the short term bias shift once again?
CAD
USD

US dollar dips after softer services PMI, declining comsumer sentiment
Cable rises to the highs of the day
USD



University of Michigan sentiment final for January 71.1 versus 73.2 estimate
Preliminary estimate 73.2
USD

US S&P Global Manufacturing PMI rises to 50.1 in January, Services PMI retreats to 52.8
The economic activity in the US' private sector continued to expand in January, albeit at a softer pace, with the S&P Global Composite PMI declining to 52.4 from 55.4 in December.
Manufacturing
Macroeconomics
EconomicIndicator
PMI

US January S&P Global flash services PMI 52.8 vs 56.5 expected
The latest US PMI from S&P Global
USD

Modest changes for the major indices to start the day
The S&P index closed at a record level yesterday
Stocks

The USDCHF is down on the week, but finds support at the 38.2% retracement.
The USDCHF is finding resistance at the 100 hour MA.
CHF
USD

UK Regulator Demands Stronger Controls from Wholesale Brokers
The UK’s Financial Conduct Authority (FCA) issued a warning to wholesale firms, highlighting broker misconduct as a major risk to market integrity.
fca

USD/JPY rebounds to near 156.50 as BoJ refrains from committing specific rate hike path
The USD/JPY recovers Bank of Japan’s (BoJ) interest rate hike-inspired losses and rises to near 156.60 in Friday’s North American session.
USDJPY
BOJ
Fed
InterestRate
China

Meta's Zuckerberg says will invest $60-$65B in capex this year
Stock moves lower in pre-market trading.
Stocks
Capex

No metal buying programs in the near future – TDS
CTAs are being whipsawed in Copper and Aluminum following President Trump's dampened tone with respect to tariffs on China, TDS’ Senior Commodity Strategist Daniel Ghali notes.
Copper
Metals
Banks

Tass: There is no objective signs that Ukraine and west are ready for peace talks
The art of the deal...
USD

Trump touted a big corporate tax cut yesterday, but how will it be paid for?
Trump signalled that he wanted to get Democrats on board but it will be a challenge within his own party
Politics

Benchmark revision sees 28.8K fewer Canadian jobs in 2024, softer picture late in the year
Statistics Canada out with benchmark revisions
CAD

Explosive upside convexity in Silver markets remains underpriced – TDS
Importantly, new ATHs in gold could finally catalyze a breakout in silver markets, where we see unique implications from the dislocations in metals markets associated with tariff threats. The market is sleepwalking into a #silversqueeze, TDS’ Senior Commodity Strategist Daniel Ghali notes.
XAGUSD
Silver
Banks

Canada December new housing price index -0.1% vs +0.1% prior
Canada December new housing price data
CAD

Kickstart the FX trading day for Jan 23, w/ a technical look at the 3 major currency pairs
Kickstart the NA FX trading day with a technical look at the 3 major currency pairs.
Stocks

ForexLive European FX news wrap: Dollar stays pressured, yen slips in post-BOJ trade
Forex news from the European morning session on Jan 24, 2025
Session wrap
Wrap Europe

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USD/JPY pares losses on the day, buyers still hold the line at the 155.00 level
The pair is now flat on the day again to 156.00 after the initial dollar slump and BOJ policy decision
JPY

GBPUSD Technical Analysis – The USD eases further on positive tariffs news
The GBPUSD pair rejects the major trendline on the first test. What’s next?
GBP
USD

Why is XRP Going Up: Ripple Labs Criticized for "Lobbying" Against SBR
The push for a Strategic Bitcoin Reserve (SBR) has been ongoing for months. Pierre Rochard criticized Ripple Labs for lobbying against the plan.
XRP
ripple. xrp
crypto
bitcoin
trending

EUR/JPY surges to near 153.50 as Eurozone PMI returns back in black
The EUR/JPY pair rises sharply to near 153.50 in Friday’s European session.
EURJPY
BOJ
ECB
PMI
Inflation

IG Group’s APAC Revenue Challenges UK Dominance
IG Group (LON: IGG) recently published its six-month financial results for the period between June and November, during which it implemented a new decentralised operating model.
IG Group
IG

DXY and EUR/USD are pretty stuck in ranges – Societe Generale
Today’s BoJ rate hike is a step on the road to normalization, consistent with a less oversold Japanese Yen (JPY). The Dollar Index (DXY) seeing its biggest two-week since August, is consistent with the recent phase of dollar strength losing momentum.
DollarIndex
GBPUSD
EURUSD
Banks

UK January CBI retailing reported sales -24 vs -15 prior
Latest data released by CBI - 24 January 2025
GBP

Trump trade back in vogue – Societe Generale
The equity and credit markets rallied and the US yield curve bear steepened after the first executive orders and the salvo of announcements by President Trump on trade tariffs, tax cuts and the desire for lower oil prices and interest rates.
ECB
EURUSD
Fed

ECB rate cut next week is almost imminent – Societe Genrale
ECB President Lagarde reaffirmed the case for a rate cut next week. The ESTR curve is pricing in cuts next week and in March. Tensions appear to exist among the Council hawks, which could result in a more balanced than categorically dovish decision next week.
ECB
CentralBanks
Inflation
InterestRate
Banks

EURUSD Technical Analysis – Easing in tariffs risk weakens the USD
The EURUSD pair broke above all the key resistance as the change in trend looks now confirmed. What’s next?
EUR
USD

EUR/USD strengthens on upbeat Eurozone flash PMI
EUR/USD rallies to near the psychological resistance of 1.0500 on Friday as the Hamburg Commercial Bank (HCOB) reported that the Eurozone preliminary Composite Purchasing Managers' Index (PMI) grew in January after shrinking in the last two months.
EURUSD
ECB
PMI
UnitedStates
SEO

JPY: Hawkish BoJ hike – ING
The Bank of Japan (BoJ) hiked rates by 25bp this morning, in line with market expectations and consensus.
USDJPY
Japan
BOJ
Banks

European gas prices remain well supported – ING
The EIA released its weekly natural gas storage report in which US working storage was reported to have fallen by 223Bcf, less than the 248Bcf draw the market was expecting.
Gas
Energy
Banks

USD: Trump scales back China tariff threat – ING
Donald Trump’s address in Davos yesterday included most of the threats related to implementing his America First vision – something markets are becoming accustomed to. Comments on oil prices and interest rates seemed to attract more headlines.
Oil
DollarIndex
OPEC
Banks

Trump sends oil prices lower – ING
Oil prices came under pressure yesterday after President Trump's virtual address at the World Economic Forum at Davos, where he called for lower oil prices. The president said he would ask Saudi Arabia and OPEC members to bring prices down by increasing output.
Oil
Energy
Banks

UK Preliminary Services PMI rises to 51.2 in January vs. 50.6 expected
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) ticked higher to 48.2 in January from 47 in December.
UnitedKingdom
EconomicIndicator
PMI
Manufacturing
GBPUSD

Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Silver
Commodities
Metals