FOREX NEWS & BLOG

Bank of Canada business outlook survey: Overall sentiment is subdued

Bank of Canada business outlook survey: Overall sentiment is subdued

January 20, 2025 5:40 pm |

  • Future Sales Expectations at +31% vs +13%: Improved outlook with stronger demand expected, boosted by interest rate cuts (highest since Q2 2021)
  • More widespread plans to increase investment, well above historical average
  • Recession expectations at 15% vs 16%
  • Further easing in capacity constraints, labor shortages less intense
  • Labor shortages among lowest in survey history (ie, there is no labor shortage)
  • 70% of firms planning normal-sized wage increases
  • Slightly higher but still between 2.5-3% range

Some key points:

  • Impact of US election becoming a key concern (40% expect negative effects)
  • Four interest rate cuts occurred between June and survey period
  • Firms increasingly focused on strategic pricing and affordability
  • Oil & gas sector showing robust outlook due to TMX pipeline and LNG Canada

This is better than I was expecting given all the tariffs fears. It was conducted after the US election from Nov 7-27, though that doesn’t capture the height of Trump’s threats against Canada.

Full report

Some charts:

This should give the Bank of Canada some confidence that the rate-cutting cycle is beginning to work.

This article was written by Adam Button at www.forexlive.com.

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Trump official confirms earlier report that he won’t impose Day 1 tariffs

Trump official confirms earlier report that he won’t impose Day 1 tariffs

January 20, 2025 5:23 pm |

A Reuters report citing a ‘Trump official’ confirms the earlier WSJ report that the President-elect won’t impose tariffs today and instead will issue a memo to study trade practices.

The earlier report sparked some big market moves.

With that we have seen an extension in the US dollar softening and US equity futures have climbed to +0.7%.

This article was written by Adam Button at www.forexlive.com.

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X Open Hub Stole the Spotlight at iFX EXPO Dubai 2025 and Reflects on Recent Award Win

X Open Hub Stole the Spotlight at iFX EXPO Dubai 2025 and Reflects on Recent Award Win

January 20, 2025 5:08 pm |

X Open Hub, an enterprise-grade liquidity and technology provider for the brokerage industry listed by the Warsaw Stock Exchange, envisions an exciting 2025 marked by continued success building on a previous award-winning streak.

Between 14-16 January, the company attended iFX EXPO Dubai 2025, held at the Dubai World Trade Centre. A landmark event for online trading and fintech leaders, the expo brought together more than 7,000 attendees.

The X Open Hub team was stationed at booth no.174, strategically positioned in the proximity of Lounge B, which allowed passers-by to get a sneak peek at the liquidity provider’s CFD offering for brokers and hedge funds.

Aside from showcasing its deep multi-asset liquidity solutions and smart order routing, the company had the privilege to reconnect with existing broker partners in MENA. X Open Hub also engaged with multiple industry leaders and potential business partners, laying the groundwork for fruitful collaboration in 2025 and beyond.

“We’ve received great feedback from numerous top brokerage firms present at iFX EXPO Dubai this year. This only proves that our efforts to expand our liquidity pool, which now includes more than 5,000 CFD instruments, are starting to pay off. We’ve initiated discussions with some of the leading brokers in MENA, which is another important highlight of our event presence. We’ve got an exciting year ahead of us, and this is just a warm-up for what’s coming,” CEO Michal Kopiuk revealed.

An empowering liquidity offering

Multi-asset liquidity is no longer a must-have, it’s a given. X Open Hub understands that and has created a reliable source of liquidity, empowering brokers to deliver on the promise of raw market spreads and best bid-ask pricing.

To date, X Open Hub’s multi-asset CFD liquidity spans over 60 major, minor, and exotic Forex pairs, more than 2500 stock shares and ETFs, 30+ indices tracking the performance of stock shares listed across US, German, and Chinese markets, amongst many others.

Commodities hold a significant share of the company’s liquidity pool, which includes softs, agriculture, energy, and precious metals.

Brokers looking to add cryptocurrencies to their portfolio of CFD underlying assets will find a match in X Open Hub. Its cryptocurrency-based CFD liquidity spectrum covers 50+ popular digital currencies traded across 9 crypto exchanges.

Apart from this, the distinctive advantage of X Open Hub over other liquidity providers is accessibility to dedicated and synthetic stocks, allowing brokers, hedge funds, and banks to broaden their offering beyond the traditional asset range.

Additionally, X Open Hub is one of the few multi-regulated liquidity providers operating in compliance with the rules of top regulatory bodies in key jurisdictions, including the FCA, CySEC, KNF, FSC, DFSA, FSCA, and the FSA.

A liquidity pool this vast could not go unnoticed. The company stole the spotlight at the UF AWARDS MEA 2025, which called the entire fintech and online trading industry to cast their vote across two categories – B2B providers and Brokers.

In the B2B sub-category dedicated to CFD liquidity providers, X Open Hub was selected ‘Best CFD Liquidity Provider – MEA’. The announcement was made on 15 January before an audience of influential industry leaders and C-level executives from 120+ countries during the iFX EXPO event.

Paying tribute to X Open Hub voters, Mr Kopiuk added, “We are grateful to everyone who voted for us, including our esteemed clients and partners. Being officially recognised as the ‘Best CFD Liquidity Provider’ in MEA is no easy feat. This win would not have been possible without a well-knit talented team on site, whom I thank for their consistent effort to build our powerful products and brand.”

The recent award win is an acknowledgment of the leading liquidity provider’s commitment to providing top-tier multi-asset liquidity. It follows in line with other coveted industry recognitions obtained last year, including “Best CFD Liquidity Provider APAC” and “Best Multi-Asset Liquidity Provider Global” from the International Business Magazine 2024.

With a rich offering and a new award to complete its collection of industry accolades, X Open Hub is set for continued growth in 2025. To explore its complete liquidity offering and understand its benefits for brokers, visit the website.

This article was written by FM Contributors at www.financemagnates.com.

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ECB’s Vujcic: Risks around inflation are balanced

ECB’s Vujcic: Risks around inflation are balanced

January 20, 2025 5:05 pm |

  • Says he’s fine with the current policy stance
  • Data broadly in line with our forecasts
  • Big focus on FX movements
  • Market pricing of rate cut is reasonable

The market is pricing in a 92% chance of an ECB rate cut on Jan 30 and almost fully priced for another one at the subsequent meeting on March 6.

This article was written by Adam Button at www.forexlive.com.

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Neo Wave Theory and Pattern Explained

Neo Wave Theory and Pattern Explained

January 20, 2025 4:48 pm |

The Neo Wave Theory represents a fresh perspective on the Elliott Wave theory, while some analysts label it an advanced refinement of the original. I align more closely with the latter viewpoint, as Glenn Neely’s theory, while exhibiting distinctions from the Elliott Wave concept, utilizes the same fundamental principles of market analysis. This article provides a comprehensive analysis of the NeoWave theory, highlighting its distinctions from the established Elliott’s approach. We will also explore how to interpret and construct patterns, facilitating the prediction of market development. We will also learn how to use Neo Waves in trading and evaluate the… Read full author’s opinion and review in blog of #LiteFinance

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WTI Crude Oil: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25

WTI Crude Oil: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25

January 20, 2025 4:46 pm |

Major Takeaways Main scenario: Consider long positions from corrections above the level of 72.72 with a target of 85.00 – 94.97. A buy signal: the price holds above 72.72. Stop Loss: below 72.00, Take Profit: 85.00 – 94.97. Alternative scenario: Breakout and consolidation below the level of 72.72 will allow the pair to continue declining to the levels of 66.15 – 61.50. A sell signal: the level of 72.72 is broken to the downside. Stop Loss: above 73.50, Take Profit: 66.15 – 61.50. Main Scenario Consider long positions from corrections above the level of 72.72 with a target of 85.00… Read full author’s opinion and review in blog of #LiteFinance

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