Eurostoxx -0.3%Germany DAX -0.4%France CAC 40 -0.2%UK FTSE -0.2%Spain IBEX -0.2%The opening losses today isn't too bad and is in part a catch up to the losses seen on Friday in US equities after the European close. The intensifying mood in Russia and Ukraine is also...
S&P 500 Technical Analysis – These levels will be key for the next direction
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. Nonetheless, the unemployment rate fell once...
UK July Halifax house prices -0.3% vs -0.1% m/m prior
Prior -0.1%House prices -2.4% y/yPrior -2.6%This marks the fourth straight month that UK house prices have fallen, according to Halifax's measure. It is a sign of the times as housing market conditions have certainly peaked with higher interest rates now weighing on...
Germany June industrial production -1.5% vs -0.5% m/m 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,...
Switzerland July seasonally adjusted unemployment rate 2.1% vs 2.0% 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,...
Japan June leading indicator index 108.9 vs 109.1 prior
Coincident index 115.2Prior 114.3The overall assessment of the coincident index is still seen as "improving" with the index now hitting its highest since August last year. It still just marks a gradual recovery as overall conditions are still behind pre-Covid...
Forexlive Asia-pacific FX news wrap 6 Aug: The dollar is mixed to higher led by the USDJPY
The week got off to a slow start as there was little in the way of economic news to trigger much market reaction. The USD opened little changed at the start of the session and currently has mixed gains and losses vs the majors. Recall on Friday, the US jobs data...
How has the Fed pricing shifted after Friday’s jobs report?
Here's a look at the change in the Fed funds futures curve after the Fed policy decision in July and after the US non-farm payrolls last Friday:The change is rather minimal but that's essentially it, isn't it?As things stand, traders are not pricing in any more rate...
Yellow Corporation files for Chapter 11 bankruptcy in US District Court
Yellow Corp., a 99-year-old trucking firm and the third largest less-than-truckload carrier in the U.S., has filed for bankruptcy. This decision follows the Teamsters Union's refusal to offer financial concessions to the struggling firm. About 22,000 Teamsters will...
USDJPY trades to a new session high
The USDJPY opened up near its 200-hour moving average at 141.70 and did break below that moving average level and the 38.2% retracement of the move up from the July 28 low at 141.656. However, momentum cannot be sustained on the price of bounce back higher. The pair...
Ftich weighs in on China local-government financing vehicles
> Ftich weighs in on China local-government financing vehicles <!--> --> <!--> --> Fitch says Chinese authorities are likely to implement further measures to ease refinancing pressure at local-government financing vehicles (LGFVs).Fitch says we...
EURUSD dips back below its 200 hour moving average at 1.1001
EURUSD falls below its 200 hour moving averageThe EURUSD broke above its 200-hour moving average for the 1st time since July 20 during Friday's trade and extended upward toward the high from last Monday at 1.10449, and the high from Friday, July 28 at 1.10467....
Shanghai composite said open down -0.3%
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,...
PBOC set USD/CNY central rate 7.1380 versus expected 7.1656
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...
Taiwan’s defense ministe: 12 Chinese Air Force planes entered Taiwan’s air defense zone
> Taiwan's defense ministe: 12 Chinese Air Force planes entered Taiwan's air defense zone Geopolitical risk <!--> --> <!--> Geopolitical risk:Taiwan's defense minister says that in the last 24 hours, 12 Chinese Air Force planes have entered Taiwan's...
AUDUSD buyers are making a play with a test of the 100 hour MA
The AUDUSD reached Lowe's on Thursday of last week going back to June 1, 2023. However, the last few days have seen an up-and-down move that has taken the price higher.On Friday the AUDUSD extended above its falling 100-hour moving average for the 1st time since July...
PBOC is expected to set the USD/CNY reference rate at 7.1656 – Reuters estimate
People'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). The PBOC follows a managed floating exchange rate...
Nikkei 225 shares down 0.84%
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 BOJ summary of last meeting
Central Banks A summary from the Bank of Japan's July interest rate decision <!--> --> <!--> --> One member said BOJ needs to patiently continue with monetary easing toward achieving the price stability target.Yield on 10-yr JGB JP10YTN=JBTC down 1...
The biggest mover to start the week is the USDCHF. What technical levels are in play?
The USDCHF in early trading this week is the biggest mover with a 0.18% gain on the day. Technically, the price low was able to stall ahead of the rising 200-hour moving average of 0.87053. The move higher is approaching the next key target against its 100-hour moving...