High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
New Zealand credit card spending -3.2% y/y in November (prior +0.3%)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
South Korea to ease FX regulations to improve liquidity conditions
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
U.S. authorities may ban Chinese-made TP-Link internet routers, used in millions of homes
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
PBOC sets USD/ CNY reference rate for today at 7.1901 (vs. estimate at 7.3086)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USD/JPY (finally) responds (a little) to intervention comments
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
PBOC sets 1 year Loan Prime Rate (LPR) at 3.1% and 5-year at 3.6%, both unchanged
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Japan fin min Kato with verbal intervention on JPY – recent one-side, sharp yen moves
Japan fin min Kato with verbal intervention on yenNo comment on FX levelsRecently seeing one-sided, sharp movesImportant for currencies to move in a stable manner reflecting fundamentalsWill take appropriate action against excessive movesConcerned about recent FX...
Australian November data – Private Sector Credit +0.5% m/m (expected +0.5%)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
People’s Bank of China Loan Prime Rate (LPR) setting due today – why its less relevant
In 2024, the People's Bank of China (PBoC) implemented significant reforms to its monetary policy framework to enhance the effectiveness of its policy transmission and better support economic growth.Shift to the 7-Day Reverse Repo Rate as the Main Policy...
USD/JPY hits a 5-month high just shy of 158.00
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
PBOC is expected to set the USD/CNY reference rate at 7.3086 – Reuters modelled estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
Largest construction machinery firm fears Trump tariffs – our business based on free trade
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US Bill to avert a government shutdown has failed
There are other steps to try before a shutdown is confirmed, but the indications are not looking positive right now. Comments from a US Republican member: “I am absolutely sickened by a party that campaigns on fiscal responsibility and has the temerity to go forward...
Japan November headline CPI +2.9% (expected +2.9%, prior 2.3%)
Japan inflation data November 2024, all figures are y/y.Headline national CPI 2.9%expected 2.9%, prior 2.3%CPI excluding Fresh Food & Energy 2.4% (often referred to as 'core-core' inflation, its the closest to US core inflation)expected 2.4%, prior 2.3%CPI...
The Federal Reserve saved US equities from a bubble (but there’s still a chance!)
Via analysts at UBS on US equites. Thye argue there are seven conditions that need to be met for the formation of a stock market bubble.Six of the seven have been met: the end of a structural bull marketprofits under pressureloss of market breadtha 25 year gap from...
New Zealand exports in November higher than in October (imports lower)
New Zealand trade data for November 2024Exports 6.48bn NZDprior 5.61bn Imports 6.92bnprior 7.27bnTrade Balance -437.0mnprior -1658mnAnnual Trade Balance -8.25bnprior -9.07bnNZD/USD not a lot changed on the data release, nestled near US time lows. For the technical...
Forexlive Americas FX news wrap 19 Dec: BOE keeps rate unchanged but is more dovish
Markets:Crude oil $69.14 down -$0.88 or -1.26%Gold up $8.98 or 0.35% at $2593Silver -$0.30 or -1.07% at $29.02Bitcoin down -$2,300 at $97,611In the US stocks, the broader indices gave up gains and closed lower, but the Dow snapped a 10 day losing streak and is closing...
Federal Reserve monetary policy has entered a new phase – may be quite different
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US broader indices give up gains and close lower on the day
Late selling into the close has pushed the broader indices lower and into negative territory. The Dow held onto small gains - but just barely - and snapped it's 10-day losing streak.The final numbers are showing"Dow Industrial Average rose 15.37 points or 0.05% at...