There is just one to take note of, as highlighted in bold.That being for EUR/USD at the 1.0800 mark, which could act as a bit of a magnet for price action considering the lack of appetite we're seeing so far today. The pair is still sitting within a 13 pips range only...
No specific prediction on how BOJ can judge sustained achievement of price goal – Himino
The BOJ is in a race up against the clock right now but perhaps that might not matter too much. As noted in yesterday's post here, policymakers will still spin the narrative to however they want and not what might make sense to you or me."For now, both the headline...
A light trading session beckons in Europe today
The plunge in bold yields yesterday didn't do much to harm the dollar but traders will perhaps have to tread more carefully as we get closer to the US non-farm payrolls on Friday. And the ADP employment change roulette today will be one that could have more impact...
BOJ’s Himino: Don’t have a preset schedule in mind on exit from easy policy
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,...
AUD/USD looks to try and undo yesterday’s technical setback
The post-RBA drop yesterday saw AUD/USD took out its 200-day moving average (blue line) and that is the key technical point of contention today, with the pair up 0.5% to 0.6580 currently:AUD/USD daily chartThe key level is sitting at 0.6577 and if buyers can push back...
ForexLive Asia-Pacific FX news wrap: FX intervention from Chinese State Banks, yuan buying
S&P and Fitch have both not changed China's rating nor outlookBOJ deputy governor Himino spoke earlier: recapWhy gold may no longer be the ideal investment for inflation hedgingFurther reports of Chinese state banks FX intervention to support yuan, selling...
S&P and Fitch have both not changed China’s rating nor outlook
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,...
BOJ deputy governor Himino spoke earlier: recap
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,...
Why gold may no longer be the ideal investment for inflation hedging
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,...
Further reports of Chinese state banks FX intervention to support yuan, selling USD/CNY
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 proprietary “Panic Index” is near 0 (no one is a bear)
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 is slipping a little in Asia: NZD leads the way
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,...
BOJ dep gov Himino says will maintain easy policy until sustained stable 2% CPI achieved
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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China fin min says social security fund will make direct and private equity investment
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 7.1140 (vs. estimate at 7.1476)
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,...
Yellen says not seeing signs of weakening labor market that would bring recession fears
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,...
Australian dollar response after Q3 GDP data reveals slowest growth in 2 years
The Australian dollar is up a little after the economic growth data showed the slowest q/q in two years:The details capturing the most attention are not encouraging:savings rate fell to its lowest since the December quarter of 2007 (households are saving much less of...
Australian Q3 GDP +0.2% q/q (vs. expected +0.4%)
Data for economic growth in Australia during the July, August & September months of 2023.A q/q miss and y/y beat. The terms of trade fell 2.6% Household saving to income ratio decreased to 1.1% from 2.8%; 1.1% is the lowest proportion of saving since December...
PBOC is expected to set the USD/CNY reference rate at 7.1476 – Reuters 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...