China CPIPrior month CPI YoY 0.0%Prior month CPI MoM -0.2%China CPI MoM for July 0.2% vs -0.1% expectedChina CPI YoY for July -0.3% vs -0.4% expectedChina PPI YoY for July -4.4% vs -4.1% expected. Prior month -5.4%The YoY falling below 0.0% is the first since February...
Japan 10 year yield falls to lowest level since July 28
The Japan 10 year yield is trading at new session lows and in the process as a fallen to the lowest level since July 28. Looking at the daily chart, the price is also within the gap created from July 28 to July 31 between 0.576% and 0.592%. A move below would open the...
PBOC sets yuan midpoint at 7.1588/dollar
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’s PBOC expected to set Yuan midpoint at 7.2198 per dollar
Yesterday PBOC set the USD/CNY midpoint at 7.1565People'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)....
Nikkei 225 opens lower by 0.10% at 32346.32
The Nikkei 225 is opening modestly lower by 0.10% at 32346.32. Seoul's Kospi is opening higher by 0.26%. Yesterday US stocks fell but close well off their lows:Dow industrial average fell -158.64 points are -0.45% at 35314.50S&P index fell 19.04 points are -0.42%...
AUDUSD sellers are more in control. Close risk is the 61.8% on daily and 100 hour MA
The AUDUSD traded to a new low since the beginning of June yesterday but bounced higher. Technically, the move to the downside broke back below the 61.8% retracement of the move up from the 2022 low at 0.65468. The price had been below that technical level for 3 days...
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GBPUSD trades between its 100 and 200 hour MAs and awaits the next shove.
The GBPUSD trading between its 100 hour MA below and its 200 hour MAs. As a result, the technical bias is neutral in the short term. It would now take a move above the 200-hour MA at 1.27705 to increase the bullish bias. Conversely, a move below the 100-hour MA at...
New Zealand electronic retail sales MoM for July 0.0% vs 1.0% last month
New Zealand electronic credit card spending moves lowerPrior month 1.0% MoM and 4.2% YoYElectronic retail sales MoM comes in at 0.0% lower than last month 0.9% (revised from 1.0%)Electronic retail sales YoY comes in at 2.2% lower than last month's 4.2% reading.By...
The USDJPY buyers need to break above 143.54 to increase the bullish bias. Why?
The USDJPY moved sharply higher yesterday in the Asian session and ran into a resistance target between 143.44 and 143.54. In fact the high prices yesterday came in at 143.432, 143.485 and 143.45. The pattern is to have sellers against that swing area. However, I...
🐶이제 과태료 100~50만원!! 개 키우는 사람들 집중 단속합니다!
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For the EURUSD today, the 100 hour MA is resistance, and the 100 day MA is support.
Yesterday the 100-day moving average held support near session lows during training yesterday, and the price rotated higher into the close. That 100-day moving average comes in at 1.09255. The low price from last week came in at 1.09115. Getting below the 100-day...
Key earnings after the close
The earnings season is almost over although Disney will release earnings tomorrow and Nvidia was scheduled to release later in the month. For today, the major releases showed:Lyft Inc (LYFT) BEAT: Q2 2023 USD: Adj. EPS 0.16, exp. -0.01, Revenue 1.02bln, exp....
Private oil survey data shows crude oil build of 4.1 million barrels
The inventory data from the private survey is out now, with the official data to be released on Wednesday morning (US time). Recall, the private data last week showed the largest draw in at least 40 years with crude oil stocks down -15.4 million barrels. The EIA data...
Forexlive Americas FX news wrap: Harker says rate hikes have gone far enough
Markets:Gold down $11 to $1924US 10-year yields down 5.4 bps to 4.02%WTI crude up $0.87 to $82.80USD leads, NZD lagsS&P 500 down 19 points to 4499It was a loss for risk trades on the day but the bulls would be excused for being happy. The mood as New York entered...
The US major stock indices close lower, but ending the day closer to the highs
The US major indices are closing lower in the day but things could've been worse. The major indices are near their highs. A snapshot of the closing levels shows:Dow Industrial Average -158.66 points or -0.45% at 35314.50. At session lows, the index was down -465.73...
The economic calendar in the Asian Pacific session
> The economic calendar in the Asian Pacific session The key releases for August 8, 2023 <!--> --> <!--> The economic calendar in the Asian Pacific session will be focused on the China CPI data. NZ inflation expectations for the 3Q will also be...
The tell in USD/JPY
In financial markets, the simplest trade is usually the best one. In the forex market, it's rate differentials.If we look at the post-covid period in the forex market, the defining feature has been yen weakness. That has come on the heels of rate hikes around the...
Impressive day for oil as it rallies $3 from the lows
It was looking bleak for the oil bulls earlier today as crude prices fell $2 on worries about the Chinese economy. But the buyers put on a tour de force in New York trading, taking WTI to $83.03 from $79.90.This kind of turnaround on a day with a poor risk backdrop is...