AUD/USD daily chartThe pair caught a bit of a light breather in the past few sessions before all it needed was just one more poor data point out of China to knock it back down. The Chinese trade balance figures today were poor and it also highlighted a further fall in...
USDCAD Technical Analysis – The pair looks set to reach new highs
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nevertheless, the unemployment rate fell once...
Eurozone consumers anticipate lower inflation but weaker spending power – ECB survey
Inflation over the next 12 months seen at 3.4% (previously 3.9%)Inflation 3 years ahead seen at 2.3% (previously 2.5%)The good news at least is that this points to lower inflation expectations, adding to evidence that the ECB's rate hikes are feeding through to the...
AUD Price Forecast: Aussie Hit by China Trade Data
AUD/USD ANALYSIS & TALKING POINTSConcerns around Chinese economy increase leaving AUD under pressure.Fed speakers under the spotlight later today.Bears eye 0.6500. Recommended by Warren Venketas Get Your Free AUD Forecast Get My Guide AUSTRALIAN DOLLAR FUNDAMENTAL...
GBPUSD Technical Analysis – The sellers are in control
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nevertheless, the unemployment rate fell once...
France June trade balance -€6.71 billion vs -€8.00 billion expected
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,...
EURUSD Technical Analysis – Everything revolves around this key level
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nevertheless, the unemployment rate fell once...
Germany July final CPI +6.2% vs +6.2% y/y prelim
HICP +6.5% vs +6.5% y/y prelimNo change to the initial estimates but bear in mind that the annual reading might be a little distorted due to dampening effects (government measures to curb inflation) from June to August last year. Overall, core annual inflation stands...
Trade ideas thread – European session 8 August 2023
The dollar continues to hold firmer and barring any surprise headlines, is likely to keep steadier until we get to the US CPI report later this week. That will mark the next test for the greenback after the non-farm payrolls last Friday. For now, the Fed outlook...
It’s that time of the year again
We're still pretty much caught in peak summer season in Europe and the US, so that should lead to liquidity conditions being sapped somewhat in markets. If not, there should be a distinct lack of appetite especially on days where there might not be much on the...
FX option expiries for 8 August 10am New York cut
There aren't any major expiries nearby the current spot levels for today. As such, price action will rely more on the market mood and technicals mostly. But keep in mind that we are in peak summer in Europe, so liquidity conditions aren't the best and that means there...
Forexlive Asia-pacific FX news wrap 7 Aug. The USD funs higher to start new trading day.
The USD moved higher in the Asian session. The USDJPY started the greenbacks run to the upside. Technically, the pair moved above the 100-hour MA at 142.625. The Nikkei 225 moved higher. The run to the upside caught the attention of the other currencies:The EURUSD...
Dollar keeps in a firmer spot to start the day
There was some pushing and pulling yesterday but overall, the dollar is keeping steadier so far in the new week. Looking at the events so far today, we saw a stronger Chinese yuan fix by the PBOC but that has been well offset by a rather poor trade balance report...
What is ahead in the European and North American session
2:00amEURGerman Final CPI m/m: Forecast 0.3% vs Previous 0.3%2:45amEURFrench Trade Balance: Forecast -8.0B vs Previous -8.4B6:00amUSDNFIB Small Business Index: Forecast 91.2 vs Previous 91.08:15amUSDFOMC Member Harker Speaks8:30amCADTrade Balance: Forecast -2.8B vs...
China trade balance for July USD 80.6 billion versus expected USD 70.6 billion
China trade balance USD comes in at 80.6 billion versus expected 70.6 billion. Previous 70.62 billionExports YoY felt -14.5% versus expectations -12.5% (previous -12.4%)Imports YoY fell -12.4% vs expected -5.0% (previous -6.8%)Although the surplus was higher, the mix...
Japan Chief Cabinet Sec. China hacking into Japan’s defense cyber networks not confirmed
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’s LDP’s Aso says in Taipai, we are moving from peacetime to times of turbulence
Japanese LDPs Aso says:In Taipei we are moving from peacetime to times of turbulenceBelieve that issues that were hidden beneath the surface are coming to the foreTaiwan is an important partner and friendJapan has continued to say that peace and Taiwan Strait is...
USD moves higher vs all major currencies
The USD is the strongest. The JPY is the weakest.The USD is running higher vs all the major currencies. The Chinese stock markets are set open lower which is helping to lead to a run higher in the US dollar. Technically, there are some breaks and some of the major...
NAB business confidence for July 2 versus -1 previous (revised from 0)
Business confidence 2 versus -1 last month (revised from 0)Business conditions 10 versus 11 last month (revised from 9)Better data from NAB.The AUDUSD has been breaking to the downside with the overall USD buying. The price of the AUDUSD has moved below its 100-hour...
PBOC sets USD/CNY midpoint at 7.1565 versus last close at 7.1942
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...