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Trade Wise Ltd an international fully regulated online broker, providing access to over 130 tradable instruments from 6 asset classes for both retail and institutional investors.

Market update as of 11/05/2024:📊 Stocks:The Stoxx Europe 600 was down 0.1% as of 8:29am London time;S&P 500 futures were...
05/11/2024

Market update as of 11/05/2024:

📊 Stocks:
The Stoxx Europe 600 was down 0.1% as of 8:29am London time;
S&P 500 futures were little changed;
Nasdaq 100 futures were up 0.1%;
Dow Jones Industrial Average futures were little changed;
MSCI Asia Pacific Index rose 0.7%;
MSCI Emerging Markets Index rose 0.7%.

💱 Currencies:
The euro rose 0.1% to $1.0889;
The Japanese yen was little changed to 152.23 per dollar;
The offshore yuan was little changed to 7.1134 per dollar;
The British pound rose 0.2% to $1.2979.

⬜️ Cryptocurrencies:
Bitcoin rose 2.6% to $68,797.6;
Ether rose 2.7% to $2,435.18

🌍 Bonds:
10-year Treasury yields rose three basis points to 4.31%;
Germany's 10-year yield rose three basis points to 2.42%;
UK 10-year yields rose three basis points to 4.49%.

🛒 Commodities:
Brent crude oil rose 0.2% to $75.23 a barrel;
Spot gold was virtually unchanged.

💡 Key indicators for 05 November 2024:
🟠EUR
- Eurogroup meeting

Market Update:📊 Stocks:S&P 500 futures were down 0.6% as of 6:52 a.m. London time.Nasdaq 100 futures fell by 0.9%.Future...
31/10/2024

Market Update:

📊 Stocks:

S&P 500 futures were down 0.6% as of 6:52 a.m. London time.
Nasdaq 100 futures fell by 0.9%.
Futures for the Dow Jones Industrial Average decreased by 0.3%.
The MSCI Asia Pacific index dropped by 0.1%.
The MSCI Emerging Markets Index declined by 0.2%.
S&P 500 futures fell by 0.6%.
Futures on the S&P/ASX 200 were little changed.
Hong Kong's Hang Seng index rose by 0.1%.
The Shanghai Composite index increased by 0.3%.
Euro Stoxx 50 futures fell by 0.4%.

💱 Currencies:

The euro remained steady at $1.0856;
The Japanese yen increased by 0.8% to 152.16 per dollar;
The offshore yuan was little changed at 7.1262 per dollar;
The British pound rose by 0.1% to $1.2976.

⬜️ Cryptocurrencies:

Bitcoin decreased by 0.8% to $72,236.35;
Ether fell by 1.5% to $2,638.25.

🌍 Bonds:

The 10-year Treasury yield fell two basis points to 4.28%;
Germany's 10-year yield rose by five basis points to 2.39%;
UK 10-year yields increased by four basis points to 4.35%;
Japan's 10-year yield fell by 1.5 basis points to 0.935%;
Australia's 10-year yield rose by four basis points to 4.50%.

🛒 Commodities:

Spot gold decreased by 0.2% to $2,783.04 an ounce;
West Texas Intermediate crude oil rose by 0.6% to $69.03 a barrel.

Market Update:📊 Stocks:S&P 500 Futures: Down 0.2%, as of 6:28 a.m. London time;Nasdaq 100 Futures: Decreased by 0.3%, re...
22/10/2024

Market Update:

📊 Stocks:

S&P 500 Futures: Down 0.2%, as of 6:28 a.m. London time;

Nasdaq 100 Futures: Decreased by 0.3%, reflecting negative sentiment;

Dow Jones Industrial Average Futures: Also down 0.2%, suggesting a similar trend;

MSCI Asia Pacific Index: Fell by 0.9%;

MSCI Emerging Markets Index: Decreased by 0.4%, reflecting challenges in emerging markets.

💱 Currencies:

Euro: Virtually unchanged at $1.0822, indicating stability;

Japanese Yen: Little changed at 150.89 per dollar, maintaining its position;

Offshore Yuan: Steady at 7.1349 per dollar, showing no significant fluctuations;

British Pound: Rose by 0.1% to $1.3002, reflecting slight appreciation.

💲 Cryptocurrency:

Bitcoin fell 0.3% to $67,508.85;

Ether fell 1.3% to $2,641.27

🌍 Bonds:

The yield on 10-year Treasuries rose two basis points to 4.22%;

German 10-Year Yields: Rose by 10 basis points to 2.28%, reflecting a significant uptick in yields;

UK 10-Year Yields: Increased by eight basis points to 4.14%, suggesting a similar trend in the UK market.

🛒 Commodities:

Brent Crude Oil: Fell by 0.4% to $73.97 a barrel, indicating a slight decline in oil prices;

Spot Gold: Rose by 0.5% to $2,733.53 per ounce, reflecting positive movement in the gold market.

Market Update:As of 2:37 p.m. Tokyo time:📊 Stocks:S&P 500 Futures: Little changed, indicating a stable outlook.Nikkei 22...
21/10/2024

Market Update:

As of 2:37 p.m. Tokyo time:

📊 Stocks:

S&P 500 Futures: Little changed, indicating a stable outlook.
Nikkei 225 Futures: Up by 0.1%, showing slight positivity.
Japan's Topix: Decreased by 0.3%
Hong Kong's Hang Seng: Fell by 1.4%.
Shanghai Composite: Rose by 0.4%, suggesting resilience in the Chinese market.
Euro Stoxx 50 Futures: Virtually unchanged, maintaining current levels.

💱 Currencies:

Euro: Little changed at $1.0861, maintaining stability.
Japanese Yen: Increased by 0.2% to 149.29 per dollar, showing slight appreciation.
Offshore Yuan: Virtually unchanged at 7.1185 per dollar, indicating a steady position.

💲 Cryptocurrency:

Bitcoin: Increased by 0.4% to $69,064.57, continuing its upward trend.
Ether: Rose by 1% to $2,738.18, reflecting positive momentum.

🌍 Bonds:

U.S. 10-Year Treasuries: Yield remained stable at 4.08%, indicating little change in investor sentiment.
Australian 10-Year Treasuries: Yield fell by three basis points to 4.27%, suggesting a slight decline in borrowing costs.

🛒 Commodities:

West Texas Intermediate (WTI) Crude Oil: Increased by 0.7% to $69.67 a barrel.
Spot Gold: Rose by 0.2% to $2,726.95 an ounce.

ConclusionTo examine forex fundamentals, various economic indicators and even more private reports can be used. It’s cri...
20/10/2024

Conclusion

To examine forex fundamentals, various economic indicators and even more private reports can be used. It’s critical to spend time not only looking at data but also understanding what they imply and how they effect the economy of a country.

These indicators, when applied correctly, may be a great resource for any currency trader.

Economic Indicators as a ToolBecause economic indicators are used to assess a country’s economic health, changes in the ...
20/10/2024

Economic Indicators as a Tool

Because economic indicators are used to assess a country’s economic health, changes in the conditions indicated will have a direct impact on the currency’s price and volume. It’s crucial to remember, though, that the signs outlined above aren’t the only factors that influence the price of a currency. Third-party reports, technical considerations, and a variety of other factors can all have a significant impact on a currency’s value. When conducting fundamental analysis in the forex market, keep the following in mind:

- Keep an economic calendar on accessible with a list of indicators and their publication dates. Also, keep an eye on the future; markets frequently move in anticipation of the release of a specific indicator or report at a later date.

- Be aware of the economic indicators that are attracting the most attention from the market at any particular time. Such indicators act as catalysts for the most significant price and volume changes. When the US currency is weak, inflation is one of the most closely studied measures.

- Understand what the market expects from the data, and then monitor whether those expectations are met. That matters significantly more than the data itself. Occasionally, there is a significant disparity between expectations and actual outcomes. If that’s the case, be aware of the reasons behind the discrepancy.

- Don’t respond to the news too hastily. Numbers are frequently released and then changed, and things can swiftly shift. Pay attention to these changes, as they may prove to be a useful tool for identifying trends and responding more effectively to future reports.

Consumer Price Index (CPI)The CPI tracks price changes in over 200 distinct categories of consumer goods. When compared ...
19/10/2024

Consumer Price Index (CPI)

The CPI tracks price changes in over 200 distinct categories of consumer goods. When compared to a country’s exports, this report can be used to determine if a country is profiting or losing money on its goods and services. However, keep an eye on exports – it’s a favorite topic among traders because export prices are typically affected by the strength or weakness of a currency.

The purchasing managers index (PMI), producer price index (PPI), durable goods report, employment cost index (ECI), and housing start are all important indicators. Not to mention the several privately published reports, the most well-known of which is the Michigan Consumer Confidence Survey. If used correctly, all of these can be a significant resource for traders.

Production in the Industrial SectorThis report depicts a change in a country’s factory, mine, and utility production. It...
18/10/2024

Production in the Industrial Sector

This report depicts a change in a country’s factory, mine, and utility production. It also gives information on “capacity utilization,” or how much of each factory’s capacity is being utilised. It is desirable for a country to see an increase in production while operating at or near maximum capacity.

Traders who use this indication are mainly concerned with utility production, which can be quite volatile due to the fact that the utility industry, and hence energy trade and demand, is heavily influenced by weather fluctuations. Weather variations can generate significant revisions between reports, which might lead to currency volatility in the country.

📊 The number of new jobless claims in the US rose by 241,000 last week, surpassing both the consensus forecast and the p...
18/10/2024

📊 The number of new jobless claims in the US rose by 241,000 last week, surpassing both the consensus forecast and the previous figure of 260,000;

🇺🇸 US retail sales increased by 0.4% in September, following a modest 0.1% rise in August;

🏛 The European Central Bank (ECB) has announced a 25 basis point (bps) cut to its benchmark interest rate, lowering it from 3.5% to 3.25%. In fact, all three of the ECB's key interest rates were reduced by 25 basis points;

🛢 According to the Energy Information Administration, US oil inventories fell by 2.1 million barrels last week, contrary to the forecast of a 2.3 million barrel increase;

🇬🇧 UK retail sales increased by 0.3% in September, following a 1% rise in August;

🇯🇵 Japan's Consumer Price Index (CPI) rose by 2.5% in September, down from the previous reading of 3%.

🇺🇸🇯🇵 USD/JPY is trading near 150.00🏛 The yen is under pressure following Japan's inflation data. In September, the natio...
18/10/2024

🇺🇸🇯🇵 USD/JPY is trading near 150.00

🏛 The yen is under pressure following Japan's inflation data. In September, the national consumer price index fell from 3% to 2.5%. Meanwhile, the index excluding food and energy edged up from 2% to 2.1%. This trend suggests that the Bank of Japan may struggle to advance its tightening plans, especially as the regulator has emphasized that it won’t alter monetary policy amid heightened market volatility.

📊 On the other hand, the dollar gained momentum from positive consumer activity in the United States. September retail sales increased from 0.1% to 0.4%, providing additional support for the greenback.

📈 Analysts recommend holding ‘long’ positions on USD/JPY, targeting a rise to 151.00.

Sales in the Retail SectorThe total receipts of all retail outlets in a given country are measured in the retail-sales r...
18/10/2024

Sales in the Retail Sector

The total receipts of all retail outlets in a given country are measured in the retail-sales report. This figure is based on data collected from a wide range of retail outlets around the country.

The report is especially useful as a timely estimate of overall consumer spending trends that has been adjusted for seasonal factors. It can be used to forecast the performance of more important lagging indicators as well as gauge an economy’s immediate trajectory.

Revisions to advanced retail sales data can cause a lot of volatility. The retail sales report can be likened to a publicly traded company’s sales activity.

Gross Domestic Product (GDP)Gross Domestic Product (GDP) is the ultimate measurement of a country’s economy, representin...
18/10/2024

Gross Domestic Product (GDP)

Gross Domestic Product (GDP) is the ultimate measurement of a country’s economy, representing the total market value of all products and services produced in a given year. Because the GDP statistic is frequently regarded as a lagging indicator, most traders concentrate on the advance report and preliminary report, which are released in the months leading up to the final GDP figures.

Significant changes between these reports can result in a lot of volatility. In that they are both indices of internal growth, the GDP and the gross profit margin of a publicly traded corporation are similar.

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