Japan's Nikkei is opening in a softish manner this morning, dropping under 38K for the first time since December 2.Reuters report on their survey of analysts.Nikkei 225 is forecast to rise 4.6% to 40,000 by mid-202511.15% to 42,500 by year-endoutlook remains unchanged...
ICYMI – Chile’s nationwide power outage – has impacted copper operations
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 Korea’s rate cut reflects growing deflation risks
A note from UBS referencing the Bank of Korea interest rate cut yesterday makes an interesting point. Analysts argue that the Bank of Korea’s rate cut reflects a broader trend where growth and deflation risks outweigh inflation concerns. While global trade disruptions...
Another outing for the ‘no Fed cuts in 2025’ forecast
Bank of America forecasts that the Federal Reserve will maintain interest rates through 2026, no rate cuts in 2025. This call from BoA is reitrating the same from last week, but its getting attention again. Main points the analysts make:The higher rates for longer may...
Trump to tighten up on illegal immigration even more – US labor market implications
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,...
Africa – Government efforts to prop up the price of cobalt
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: US consumer confidence sinks, drags down risk assets
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,...
Trump says it possible he’ll allow Russian oligarchs Residency in the US
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,...
Economic calendar in Asia 26 February 2025 – Fed speaker, Australian monthly inflation
Over the past six months, Australia's inflation has shown a notable decline, bringing it within the Reserve Bank of Australia's (RBA) target range of 2–3%.Today we get the monthly Consumer Price Index (CPI) indicator, for January 2025. The monthly number does not...
Trade ideas thread – Wednesday, 26 February, 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,...
Trump indicates there will be a need for boots on the ground in Ukraine
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,...
Lutnick says ‘its time for copper to come home’ – no exemptions, no exceptions
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 close lower. Major indices trade below the 100 day MAs.
The 3 major US stock indices traded below the 100-day moving averages intraday, but for the Dow industrial average and the S&P index, the price closed back above that key technical barometer.For the NASDAQ index it closed below its 100-day moving average at...
Zelensky plans to travel to Washington on Friday – 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,...
BofA: Why we remain structurally bearish on JPY targeting USD/JPY at 165 by year-end
USD/JPY dailyBofA remains structurally bearish on JPY, raising their USD/JPY forecast to 165 (previously 160) and expecting the 10-year JGB yield to reach 1.65%. They see continued JPY weakness driven by accelerating Japanese outward investment, as households shift...
What’s next for the Fed: The market pricing in more rate cuts
The market is struggling to read through mixed signals on inflation and growth in the US.Today's consumer confidence number plunged in a sign that retail won't be as strong as believed. I also wonder if all the turmoil coming out of DOGE might normalize broad layoffs...
NZDUSD lower in trading with traders leaning against 100 hour MA and then the 200 hour MA
The NZDUSD has seen the price move lower in trading today as risk-off sentiment led to declines. Having said that, the fall was not without it's ups and downs intraday.Nevertheless, technically speaking, the first corrective high in the Asia-Pacific session stalled...
Chinese domestic buying of equities is a good sign for the economy
China's stock market has been a darling lately, something I suspected was coming a month ago. What wasn't clear was who was doing the buying -- domestic or foreign investors -- and how much conviction they have. In October, we got a taste of this dynamic as the rest...
Crude oil falls 2.5% to settle at $68.93. New lows for the year.
The price of crude oil fell -$1.77 or -2.5% to settle at $68.93. The declines today have been driven by economic concerns after a sharp drop in U.S. consumer confidence to an 8-month low of 98.3. That mirrored the Univ. of Michigan consumer sentiment released last...
Ukraine will have to “cede control of some land for peace” – report
Fox Business reporter Charlie Gasparino is repeating some of the earlier reporting about an investment fund and minerals deal with the US. His report also has this interesting tidbit:"They expect Zelenskyy also to agree to concessions in terms of ceding control of...