Once we hit the peak, we will need to stay at that level for a whileWe are starting to have good news on inflationInflation will continue to decline and will be back at 2% by 2025We've heard this all before. In other words, they are still leaving the door open for...
Cable resumes upside push after jobs data
GBP/USD daily chartThe pound is taking heart from the UK labour market report earlier here, with cable now moving up from 1.2870 to 1.2905 on the day. The softness in the dollar is also part of the reason but the latest push in the last 15-20 minutes is definitely...
UK June payrolls change -9k vs 23k prior
Prior 23k; revised to 20kMay ILO unemployment rate 4.0% vs 3.8% expectedPrior 3.8%May employment change 102k vs 125k expectedPrior 250kMay average weekly earnings +6.9% vs +6.8% 3m/y expectedPrior +6.5%; revised to +6.7%May average weekly earnings (ex bonus) +7.3% vs...
Germany June final CPI +6.4% vs +6.4% y/y prelim
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,...
Trade ideas thread – European session 11 July 2023
Are we headed towards the next leg lower in the dollar? Well, there's certainly an argument to be made with EUR/USD testing waters above 1.1000 again and GBP/USD moving up to near 1.2900 - its highest levels since April last year. The former has key resistance at the...
[속보! 자격, 학력무관 중장년 꿀알바! 하루 4시간 일하고 88만원~116만원 번다! 마감임박!!]#3.1경제독립tv
https://www.youtube.com/watch?v=_C1dfTR-K_s [속보! 자격, 학력무관 중장년 꿀알바! 하루 4시간 일하고 88만원~116만원 번다! 마감임박!!]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다! 감사합니다...
FX option expiries for 11 July 10am New York cut
There aren't any significant expiries to take note of for the day. As such, trading sentiment will continue to rely more on the technicals and the risk mood before we get to the US CPI data tomorrow.A couple of key ones to watch will be EUR/USD as it begins to run...
Gold Price Firms While US Dollar Eases as Treasury Yields Dip. Where to for XAU/USD?
Gold, XAU/USD, US Dollar, Fed, FOMC, Crude Oil, Fibonacci - Talking PointsGold steadied again today as the US Dollar continued its descentThe Fed continues to signal more hikes, but Treasury yields are lowerWednesday’s US CPI may provide some market volatility. Higher...
UK labour market report on the agenda today
Even with the dollar drop and retreat in Treasury yields yesterday, traders are still convinced of a 25 bps rate hike by the Fed later this month. Fed funds futures are little changed, showing roughly 92% odds of a 25 bps move. And that comes despite markets getting a...
USD/JPY retraces lower as 145.00 rejection holds
USD/JPY daily chartThe pair was dragged down by a weaker dollar and lower bond yields in trading yesterday, as traders are starting to get a sense that the US CPI data this week may be a softer one. That owes to the decline in the used car price index here, which is...
OPEC+ needs to deepen oil output cuts to offset non-OPEC supply growth – JP Morgan
JP Morgan says that the oil cartel will need to deepen output cuts by another 0.7 mil bpd in the second-half of the year, in addition to the announced reductions. That cut will need to be extended into 2024 in order to offset both non-OPEC supply growth and rising...
Reserve Bank of New Zealand meet on Wednesday, 12 July 2023 – preview
The Reserve Bank of New Zealand announcement is due at 2pm NZ time:0200 GMT 12 July 10pm US Eastern time (on the 11th July) Earlier preview here:Via KiwiBank:The RBNZ’s decision this week will capture our attention, if only for a few minutes. Market consensus is...
JP Morgan are forecasting a +25bp Bank of Canada rate hike on Wednesday 12 July 2023
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 financial regulator shuts down 26 illegal cryptocurrency machines
The UK's Financial Conduct Authority shut down 26 machines across the country for illegally offering cryptocurrencies.The action came after a member of the public paid in a thousand GBP into a crypto ATM in an attempt to buy cryptocurrencies, but no cryptocurrency or...
Reserve Bank of Australia Governor Lowe will be speaking on Wednesday, Sydney time
Governor of the Reserve Bank of Australia Philip Lowe speaks on The Reserve Bank Review and Monetary Policy at Economic Society of Australia (QLD) Business Lunchat 1.04pm Sydney time (precision timing!) on 12 July which is 0304 GMT on 12 July and 2304 US Eastern time...
New York Federal Reserve head Williams speaks on Tuesday
Federal Reserve Bank of New York President John Williams. As head of the NY Fed Williams has a permanent vote on the FOMC, and indeed is its vice-chair. Williams is a big fish at the Federal Reserve.He is speaking publicly on Tuesday, 11 July 2023:1500 GMT/1100 US...
Indonesia seizes Iranian-flagged tanker suspected of illegal transshipment of oil
Indonesia's coast guard (Bakamla) said on Tuesday it has seized an Iranian-flagged tanker suspected of involvement in the illegal transshipment of crude oil. The vessel, MT Arman 114, was carrying 272,569 metricc tons of light crude oil and was suspected of...
ForexLive Asia-Pacific FX news wrap: USD/JPY dropped under 141.00
There was no fresh news nor data out of Japan today. USD/JPY continued its drop from Monday, falling under 141.00 for the first time since the middle of last month. The fall in US Treasury yields thus continued to reverberate here during the morning Asia session....
Goldman Sachs: India will overtake the US to become world’s 2nd-largest economy by 2075
Goldman Sachs Research’s India economist is bullish India:India is poised to become the world’s second-largest economy by 2075 Currently, India is the world’s fifth-largest economy, behind Germany, Japan, China and the U.S. GS cite:a burgeoning populationprogress in...
Australian PM Albanese is considering delaying his planned trip to Beijing until next year
Local media reporting that Australian Prime Minister Albanese is considering delaying his trip to Beijing until 2024.Which of course risks the delay being seen as a snub to China. The invitation is to meet with Chinese Premier Xi Jinping. Says the report:Foreign...