There are a couple to take note of, as highlighted in bold.The first ones being for EUR/USD at 1.0800 and 1.0850, which are likely to help keep price action more contained in between the two levels before rolling off later in the day. A quieter European morning...
Limited workability amid a lack of key economic releases in Europe later
Once again, the dollar is proving to be a bit more resilient than expected after the rough aftermath to the US CPI data on Tuesday. USD/JPY came close to testing 150.00 yesterday before rebounding back to 151.30 currently while we are seeing the likes of GBP/USD and...
GBP/USD backs away after nearing key technical resistance this week
GBP/USD daily chartThe highs this week were seen near 1.2500 and that is just under the 100-day moving average (red line) at 1.2509 currently. But that is enough for sellers to keep their composure after having endured a poor showing on Tuesday after the US CPI data....
AUD/USD to go back to the drawing board?
The pair looked poised for a break higher this week, running up above the 0.6500 level as well as the 100-day moving average (red line) in trading yesterday. But despite bullish attempts by buyers to seal such a breakthrough, they are being dealt a massive technical...
China is ready to be a partner and friend of the US, says Xi
There is plenty of room for US-China cooperationThe door of US-China relations cannot be shutThe world needs China and US to work togetherHave reached important consensus with Biden to enhance people-to-people exchangesChina has no intention to challenge the USUS...
Japan Tertiary Industry Activity Index -1.0% m/m (expected -0.1%)
Japan September Tertiary Industry Activity Index -1.0% m/mexpected -0.1%, prior -0.1%A very poor result. The data is a disappointment. Expectations were low and even those were not hit. The Tertiary Industry Index (AKA the Index of Tertiary Industry Activity)...
US Senate votes to approve temporary funding to avert a government shutdown
The House passed the bill on Tuesday.The Senate has now passed it. It'll now head to the White House for US President Biden to sign into law, thus averting a government shutdown.The funding bill will keep federal agencies running for another two months. it left out...
Federal Reserve speakers Thursday include Williams, Mester, Waller, and more
The times listed below are in GMT/US Eastern time layout:1210/0710 Federal Reserve Vice Chair for Supervision Michael Barr participates virtually in "Bank Supervision and Regulation" discussion before the Seventh Annual Conference of the European Systemic Risk Board...
ForexLive Asia-Pacific FX news wrap: USD higher
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,...
China state planner comments. Says plans to attract foreign investment, boost consumption
Reuters report on the intentions of China's state planner, the National Development and Reform Commission, has to increase efforts to attract foreign investment, and to improve consumption among low and mid-level income groups."More vigorous (foreign) investment...
ECB monetary policy makers speaking Thursday include Lagarde and #2 de Guindos
The times listed below are in GMT/US Eastern time layout:0930/0430 ECB Governing Council member and Bank of Portugal governor Mario Centeno opens banking conference in Lisbon 1130/0630 ECB president Christine Lagarde delivers pre-recorded welcome remarks at the 7th...
US Senate will vote on stopgap funding bill to avert partial government shutdown Wednesday
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,...
Canadian dollar sees positive outlook for 2024 global growth, says currency analyst
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,...
Bank of England Deputy Govemor, Markets and Banking, Dave Ramsden speaking on Thursday
1545 GMT/1045 US Eastern time: Bank of England Deputy Govemor, Markets and Banking, Dave Ramsden gives remarks at the 7th Annual Conference of the European Systemic Risk Board 'Financial stability challenges ahead: emerging risks and regulation. It would appear likely...
USD lifted higher across the major FX board
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 President Biden says he still thinks Chinese Communist Party Chairman Xi is a dictator
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 to enforce oil sanctions on Iran, will reduce Iranian oil exports
ICYMI, President Joe Biden's energy security adviser Amos Hochstein spoke with Bloomberg News on Wednesday, saying that the US will enforce oil sanctions against Iran amid the renewed conflict in the Middle East, and that will bring down Iran oil exports:sanctions...
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China October new house prices -0.1% y/y (prior also -0.1%) and -0.3% m/m (prior -0.2%)
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 sets USD/ CNY central rate at 7.1724 (vs. estimate at 7.2474)
The 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...