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Japan data: September exports -1.7% y/y (expected +0.5%) & imports +2.1% (expected +3.2%)
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,...
HSBC forecast a near-term US stock market rally, citing reasons to be cautious
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,...
NAB base case is ongoing Fed 25bp rate cuts ahead, but strong data makes a pause possible
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 services inflation slowing more quickly, looks set to carry on, BoE to cut harder
Justin had the news on softer than estimated UK inflation data Wednesday:Adding:reaffirming stronger odds for the BOE to cut rates in November. GBP/USD falls HSBC's report says GBP could extend lower in the months ahead if U.K. services inflation eases...
Australia jobs report due today – unemployment rate higher or steady?
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,...
Goldman Sachs forecast a long series of consecutive ECB 25bp rate cuts ahead
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,...
Goldman Sachs forecast a long series of consecutive FOMC 25bp rate cuts ahead
Goldman Sachs on the Federal Open Market Committee (FOMC), are projecting 25bp rate cuts at the meetings inNovember DecemberJanuaryMarchMayJune"To a terminal rate of 3.25 - 3.5%"The Federal Open Market Committee (FOMC) next meet on November 6 and 7, then December 17...
Heads up for another China ‘stimulus’ briefing today (10am Beijing time)
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 16Oct: EURUSD falls below its 200 day MA ahead of ECB.
The economic calendar was light with Import/export prices the only releases in the US. Import prices fell -0.4% vs -0.2% estimate. Export prices fell more with a decline of -0.7% vs -0.4%. Import prices YoY moved back into negative terrritory,at -0.1% vs +0.8% last...
Druckenmiller says hopes Fed doesn’t make a policy mistake. (He already profited from it!)
Legendary investor Stanley Druckmiller spoke in a Bloomberg interview, where he covered diverse topics including selling Nvidia shares, the Federal Reserve cutting rates, tariffs, and who might win the US presidential election.On the Fed:he expressed concerns about...
US stocks rebound and retrace some of the declines from yesterday’s trade
After declines of -324.80 points in the Dow yesterday, it retraced all those declines and closed higher by 337.28 points or 0.79% at 43077.70.The S&P and Nasdaq indices were not as robust in their retracement gains today:S&P index fell -44.59 points or -0.76%...
Economic calendar in Asia Thursday, October 17, 2024 – Australian jobs report
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 – Thursday, 17 October, 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,...
NZDUSD pressing against downside support targets
As the US session works to a close and the Asian Pacific looks to restart, the NZDUSD is pushing the 61.8% retracement target at 0.60509. If the price can move back below that retracement, the low from the first hours of the trading day today down at 0.60387, followed...
Canadian cardholder spending data “nothing short of abysmal” in latest RBC report
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 stocks stretch to new highs
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,...
Crude oil settled at $70.39
Crude oil futures are settling at $70.39. That's down $0.19 or -0.27%. The high price today reached $71.31. The low price was at $69.64.Technically, the price will below a swing area between $71.44 and $72.43 yesterday and stayed below that area today. It would take a...
The euro slumps to a two-month low ahead of Thursday’s ECB decision
The euro couldn't hold above 1.12 in September or August and now the market is rethinking the idea of global rates converging at low levels. That's left the euro in a vulnerable spot with Goldman Sachs saying it should now be the preferred funder.The ECB will...