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 New home sales will be released at 10 AM ET
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 European FX news wrap: Dollar softens in mixed trading, gold shines
Headlines:Markets:NZD leads, USD lags on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields down 1.6 bps to 4.468%Gold up 0.5% to $2,012.43WTI crude down 1.2% to $74.65Bitcoin down 2.4% to $36,938The session started off slowly with a more...
Cable travels to near three-month highs as dollar struggles
It's not looking too good for the dollar right now with USD/JPY pushing back past below 149.00 and down 0.4% to 148.87 currently. It comes as yields are starting to tilt a little lower on the session and we are also seeing broader moves extend elsewhere, especially in...
The real test for the bond bond market can now begin
The key thing to note about the bond market last week was that we saw 10-year Treasury yields bounce off its 100-day moving average just below 4.40%. It is now holding around 4.465% on the day, down 2 bps as business-as-usual flows start to return after the...
PBOC says prudent monetary policy will be forceful and precise
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,...
UK November retailing reported sales -11 vs -36 prior
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,...
NZD/USD also eyes a stronger technical break higher to start the new week
NZD/USD daily chartThe antipodeans are the ones doing some work to start the new week, with AUD/USD testing waters near 0.6600 now and eyeing a stronger technical break as seen here. And NZD/USD is also facing a somewhat similar scenario as it runs up against its own...
Market Outlook for the Week of November 27 – December 1
Following Thanksgiving in the U.S., this week is expected to start slow, with a relatively quiet economic calendar for the FX market.On Monday, attention will turn to the United States for the release of New Home Sales data.On Tuesday, we'll get the release of BoJ's...
SNB total sight deposits w.e. 24 November CHF 473.7 bn vs CHF 476.9 bn prior
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,...
Month-end cautious approach
A wait-and-see stance is all but assured at the last policy meetings of 2023 for the key central banks, the FOMC, ECB, BoE, BoC, and BoJ. Disinflationary trends in the West have afforded central bankers the opportunity to move to the sidelines to observe. But we and...
Beijing Stock Exchange reportedly calls for ‘major shareholders’ to refrain from selling
As a bit of background, the bourse was only conceived two years ago and is mainly used to facilitate funding for "little giants" i.e. innovative small companies. It has faded into obscurity somewhat though amid a lack of investor interest. Nonetheless, 'major...
European stocks marginally lower to start the trading session
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,...
FX option expiries for 27 November 10am New York cut
There aren't any significant expiries that are close to, or might influence, spot levels on the day. As such, the more mixed and tepid trading sentiment is likely to keep up in the session ahead before US traders enter the fray. There will be bigger fish to fry in the...
BOE’s Bailey: It is too soon to discuss about cutting interest 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,...
USD/JPY bounces around key near-term levels for now
The pair hit a low of 148.90 in late Asia trading and is seen thereabouts again after moving back up to around 149.15 earlier. It is a case of pushing and pulling between buyers and sellers, with key near-term levels in play:USD/JPY hourly chartSellers had previously...
BOJ governor Ueda: Cannot say with conviction that inflation will hit 2% sustainably
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,...
Light data docket sets up mixed picture ahead of European trading
There isn't much on the data docket to kick things off in the new week in European trading later. The dollar is trading more mixed on the day, with USD/JPY having earlier touched a low of 148.90 before holding around 149.15 currently - still down 0.2%. But commodity...
Gold looks to seal a technical break higher in trading today
Gold (XAU/USD) daily chartThis is a chart that is acting up as a bit of a surprise today. The overall market mood is quieter but gold is surreptitiously angling for a technical break higher in a push above the $2,000 mark. The precious metal is now trading to $2,012...
AUD/USD continues to contest key resistance to start the new week
AUD/USD daily chartThe pair is trading little changed on the day now, although the high earlier did touch 0.6595 before backing down to 0.6570 levels at the moment. The run up earlier is facing a bit of stiff resistance at the 200-day moving average (blue line) at...