USDMXN has been trading lower since its peak in April 2020. This pair is important due to its correlation with the USDindex and its implications across markets. The Mexican peso stabilised around the 17.2 level in November, sustaining a six-day rally, as weakening...
FX option expiries for 22 November 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.0925, which isn't one that holds any technical significance. However, the expiries could help to limit any upside price action on the day before rolling off. That being said, the...
Dollar recovers some ground to start the day
USD/JPY is now up 0.4% on the day to 148.90 levels as the dollar is finding some scope for recovery in the transition from Asia to European trading. There's no headlines really driving the move, with bond yields also still largely unchanged for the most part...
OpenAI says Sam Altman is to return as CEO
A tweet by OpenAI:"We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. We are collaborating to figure out the details. Thank you so much for your...
China reportedly set to appoint veteran banker, Zhu Hexin, as new forex regulator chief
According to the report by Reuters, Zhu's appointment to head the State Administration of Foreign Exchange (SAFE) could come as soon as next week. It is one where he would also be named as a PBOC deputy governor to oversee foreign exchange regulatory matters,...
Markets muted ahead of European morning trade
The dollar managed to claw back some losses from yesterday to end up trading fairly mixed by the end of it all. However, it is still in a rather vulnerable spot at the moment despite some technical holds in USD/JPY and AUD/USD - at least for now. Major currencies are...
Poll – Economists predict Bank of Japan will end negative rates policy in 2024
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 PM Kishida assures that the BOJ policy does not aim to manipulate exchange rates
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,...
ForexLive Asia-Pacific FX news wrap: Limited FX ranges
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,...
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Bank of England to deliver 50 bps interest rate cuts in Q4 2024: JP Morgan
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,...
Goldman Sachs predicts a 35% probability of further OPEC+ ‘insurance’ output cuts
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,...
Chinese Government advisers recommend economic growth target of 5% for 2024
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,...
Goldman Sachs say Chinese stocks could post their first index gains in four years in 2024
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,...
Bank of Canada Governor Tiff Macklem speaks on Wednesday, 22 November
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,...
ICYMI – Agreement reached for 50 hostages to be released, 4 day pause in Gaza fighting
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,...
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European Central Bank appearances Wednesday by Centeno, Elderson
Coming up from the European Central Bank today, Centeno may offer up some pertinent comments. 1100 GMT / 0600 US Eastern time: ECB member and Bank of Portugal governor Mario Centeno presents the central bank's financial stability report.1410 GMT / 0910 US Eastern...
Bank of Japan trims the amounts of JGBs its buying
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 mid-point today at 7.1254 (vs. estimate at 7.1468)
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,...