Prior +0.5%Retail sales -2.1% vs -2.6% y/y expectedPrior -3.0%; revised to -3.4%Retail sales (ex fuel, autos) +0.1% vs -0.3% m/m expectedPrior +0.8%; revised to +0.7%Retail sales (ex fuel, autos) -1.7% vs -2.1% y/y expectedPrior -2.6%; revised to -3.0%UK retail sales...
Trade ideas thread – European session 23 June 2023
Happy Friday, everyone! It seems like every time there is talk of a dollar demise this year, the currency always manages to hold its ground and this week is one of those cases. But is the run up to quarter-end also part of the story here?Well, I'm inclined to think it...
FX option expiries for 23 June 10am New York cut
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,...
PMI data in focus in Europe later today
The selling continues in equities as we are teeing up for more of a risk-off open in Europe today. Tech stocks were the only outlier yesterday but even they are holding lower as we approach the final stretch of the week. As with the risk averse mood, bond yields are...
Dollar holds firmer towards the final stretch of the week
The dollar is sitting higher so far today, as it builds on the advance from yesterday. That came alongside higher Treasury yields, as markets take a bit of a breather from the earlier moves this week. But as we approach the final day of trading on the week, we are...
Gold Rally Cracks: To What Extent XAU/USD Could Fall?
Gold, XAU/USD – Price Action:XAU/USD has fallen below key support.Hawkish central bank rhetoric and improving risk sentiment weigh on gold.To what extent XAU/USD could fall? Recommended by Manish Jaradi How to Trade Gold Get My Guide Gold’s fall below key support on...
Japan’s government upgraded its assessment on the labour market, first time in 11 months
The Japanese government issued its June monthly assessment of the economy, ICYMI. In summary the report said:Japan's employment trends showed "improvement recently", the first time the government had upgraded its assessment of the employment situation in 11...
ICYMI: UBS expecting rising demand, falling inventory to support oil over northern summer
A note from UBS argues of higher oil prices in the coming months.Analysts at the bank cite:the seasonal rise in demand aheadand more visibility for larger falls in oil inventory UBS point to OPEC+ crude oil output cuts cutting the cartel's exports to the lowest in a...
Note – European Central Bank’s Schnabel is speaking over the weekend
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,...
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ForexLive Asia-Pacific FX news wrap: USD added to its gains
There was a whiff of risk-off during the session in Asia today. Flows were into the US dollar and out of other major FX. USD/JPY was a bit of an exception, not doing much at all. Adding to the sour tone were drops for US equity index futures in Globex trade, with ES...
캐시백보다 더 좋아요! 아낀 전기 팔면, 현금 10배로 받아요!
https://www.youtube.com/watch?v=elwJkELvFhI 오늘은 전기를 절약하면 에너지캐시백보다 10배에서 30배 이상 더 많이 돌려주는 제도를 소개해 드리겠습니다. 역시 전 국민이 대상인데요. 실제로 모든 국민이 참여할 수 있는 건 아니지만, 정부에서 국민 누구나 참여 가능하다고 홍보하고 있어서 제가 자세한 내용을 확인해 봤습니다. MoneyMaker FX EA Trading...
Federal Reserve speakers on Friday are Bullard, Bostic, Mester
Federal Reserve Chair Powell spoke this week, indicating further Federal Open Market Committee (FOMC) hikes yet to come:Speaking today:0915 GMT/0515 US Eastern time: Federal Reserve Bank of St. Louis President James Bullard gives "Optimal Macroeconomic Policies in a...
European Central Bank President Lagarde speaking Friday. Panetta (on crypto) & de Cos also
I posted earlier on the prospects for a September rate hike from the European Central Bank. Keep an ear out for any further hints from these speakers Friday.0700 GMT/0300 US Eastern time: Address by Christine Lagarde, president of the European Central Bank,...
USD/CNH above 7.21, US dollar rising almost right across majors board
Ths USD is gaining during the Asia session.USD/JPY is not doing a lot, sitting just under 143.00 after a strong upmove on Thursday.AUD, CAD, NZD, EUR, GBP are all losing ground though.Notable, the Chinese yuan is losing further ground also. Offshore yuan is lower,...
A September European Central Bank rate hike now appears almost locked in
A rate hike at the July 22 meeting is a done deal, but officials from the ECB have been sowing doubt over a September rate hike.Markets are much more sure on a September hike though, with the chances rising consistently.This graph of how expectations for the September...
2 reasons for a Bank of Japan ‘tweak’ to yield curve control (YCC) at its July meeting
The inflation data from Japan for May indicated strong price growth still:ING warn of more to come:the current energy subsidy program will end in September and some power companies will begin to raise electricity fees again. Thus, we see headline inflation staying...
Why higher central bank rates are bullish oil
This snippet is via ANZ commodity analysts after Federal Reserve Chair Powell warned of higher rates still to come and the Bank of England ratcheted its rate 50bp higher. Tighter monetary policy has been a headwind for commodity markets. However, the market is...
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China mainland is on holiday Friday, 23 June 2023 – Hong Kong open
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,...