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 October Machinery orders +0.7% m/m (vs. expected -0.5%)
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,...
Some Federal Reserve officials changed their forecasts half way through the FOMC meeting
Here's an interesting tweet from the Wall Street Journal's Nick Timiraos:The Federal Open Market Committee (FOMC) meeting was held on Tuesday and Wednesday. So what Powell is saying is that some officials changed their minds halfway through the meeting.What are these...
USD/JPY is extending its losses, on approach to 142.00
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,...
UBS analysts expect only a modest upside for US and global equities 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,...
Fed’s more aggressive easing path ignites speculation on timing of rate 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,...
New Zealand dollar marked lower after data shows the economy is in contraction
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,...
New Zealand Q3 GDP -0.3% q/q (vs. +0.2% expected)
Data for New Zealand economic growth in the July - September quarter of 2023 ... is very ugly.The priors were revised lower from 0.9% q/q and 1.8% y/y.Stats NZ highlight the key drivers:Downwards drivers -– change in production:Manufacturing was down 3.4...
Brazil’s central bank cut its Selic rate by 50bp, as 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,...
Is the Bank of Japan planning to exit negative rates sooner than expected?
A piece in Japanese media argues that the Bank of Japan may exit its negative rate policy sooner than expected, between January and March, due to the outlook now for Federal Reserve rate cuts on 2024.Nikkei argues:The U.S. Federal Reserve signaled on Wednesday that it...
Asian Economic Calendar: Key Events and Consensus Expectations for 14 December 2023
High-priority data is due from New Zealand and Australia today. But ... its all about the Fed right now isn't it? The party mood that swept across 'risk' has seen AUD and NZD surge, and everything else risk of course:A good result on NZ data or Australian data should...
Trade ideas thread – Thursday, 14 December, insightful charts, technical analysis, ideas
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 Americas FX news wrap: 2024 dot falls further. No pushback from Powell.
Markets:Gold up $41 to $2020US 10-year yields down 18 bps to 4.03%WTI crude oil up 97-cents to $69.57S&P 500 up 1.2%Russell 2000 +3.5%AUD leads, USD lagsThe trade since the Fed decision has been to dump the US dollar and buy everything else. It started with the...
The Fed funds futures market is now pricing in 144 bps in cuts next year
Earlier this week, the Fed funds futures curve was pricing in 107 basis points of easing next year. That's now up to 144 basis points.Powell did nothing to push back on market expectations of cuts next year and the dot plot was similar. In the past month, few if any...
Nasdaq now up 200 points. Dow trades to a new all time high.
The Nasdaq index moved up to a high of up 210.16 points. There has been some profit-taking coming in and it currently is up 177 points or 1.21% at 14710.31. The Nasdaq index traded at the highest level since January 2022 but is still 9.72% away from its November 2021...
Powell: We’re very focused on “not making that mistake” of holding high rates too long
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,...
2-year yield tumbles to the lowest level since early June
US 2 year yield is trading at lowest level since JuneThe US 2-year yield is now down -29 basis points at 4.439%. That is the lowest level since June and the largest one-day decline since March. Looking at the daily chart the prices approaching its 50% midpoint of the...
Powell Q&A: Noted that officials talked about path for cuts today
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,...
The technical levels in play for the major currency pairs after the FOMC decision
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,...
Powell opening statement: Path forward is uncertain. Full effects of tightening to come
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,...