Deutsche Bank has revised its forecast for the European Central Bank’s (ECB) terminal rate, lowering its central-case projection from 2.25% to 1.50%. The bank now anticipates the ECB’s policy rate will dip slightly below the neutral rate by the end of 2025, rather...
BoA expect a 4% EPS benefit for S&P 500 equites from Trump corporate tax cuts
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 CPI data due Wednesday – possible upside surprise.
CPI data from the US due today, Wednesday, November 13, 2024. Greg popped up a preview earlier:In a recent note, BMO previewed the data also. Analysts at the bank suggest that any significant influence from recent storms on inflation data is likely limited, meaning...
Green shoots in China? Excavator sales grew 15% in October
China-based Construction Machinery and Equipment (CME) with the data from earlier this week. In October China's excavator sales are estimated to have reached 16,791 units:that's +15.1% y/yMore notably, excavator sales in the Chinese domestic market are estimated at...
Forexlive Americas FX news wrap 12 Nov: Bitcoin hits $90K. Stocks fall. USD moves higher.
Markets:Bitcoin trades to $90,000 for the first time, two days after passing $80,000. The high reached $90,243WTI crude trades down $0.07 at $67.972 year yield 4.338%, up 8.4 basis points. 10 year yield 4.421%, +11.4 basis points. Gold down -$20.78 or -0.79% at...
NY Fed Perli says there’s been more friction in money mkts lately, repo rate rise orderly
The New York Federal Reserve branch's Roberto Perli is manager of the Fed’s System Open Market Account (SOMA).Recent quarter-end money market volatility not historically large.Still strong evidence reserve levels remain abundant.No imminent signs of issues for Fed to...
Amazon’s Bezos sells US$1.25bn of shares
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 indices close lower on the day. No new records today.
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,...
Bitcoin trades above $90,000 for the first time. It broke the $80,000 level on Monday
The price of bitcoin has reached $90,000 level for the first time. The high price just reached $90,016, but has backed off and trades and $86,090 currently. The price broke above the $80,000 level for the first time during Monday's trade. Just two days later the price...
Economic calendar in Asia – Wednesday, November 13, 2024 – Fed speaker
There were numerous Fed speakers on Tuesday, US time:and we get one more today in Asia:2200 GMT / 1700 US Eastern time - Federal Reserve Bank of Philadelphia President Patrick Harker speaks on "Fintech, AI and the Changing Financial Landscape". Which doesn't sound too...
Trade ideas thread – Wednesday, 13 November, 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,...
US CPI to be released tomorrow at 8:30 AM. Expectations are for 0.2% MoM
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,...
It’s not a pretty picture in China
MCHI ETF, dailyThe Chinese market and related global-growth proxies got excited about potential fiscal stimulus in October. After a flurry of buying, there has been some consolidation as we waited for the details.Those details came on Friday and just before that, the...
Steady buying in US trade: Bitcoin makes another bid for $90,000
Over the pas two weeks, the big numbers have been falling like dominoes. Another one is teed up now as bitcoin trades up $1600 to $89,600.In Asia, it rose as high as $89,982 before retracing all the way to $84,500 at the start of US trading. The turn came just before...
Fed’s Kashkari: The fundamentals seems strong and I’m optimistic that will continue
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: Life don’t come easy for CHF: What’s the trade?
USDCHF dailyBofA suggests staying short on CHF, particularly against USD and GBP, as post-election volatility subsides and G10 rate repricing supports a weaker CHF. While political risks may pose a minor obstacle, BofA sees CHF depreciation as likely due to policy...
USDCHF extends above the 200 day MA
The USDCHF has moved up to a high of 0.88357. That is just short of a high swing area on the daily chart above at 0.88379. Get above that level and stay above, opens the door for more upside momentum. ON the downside, the closest risk is the 200 day MA, but more...
US 10 year yield looks to close at the highest level since July 1
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,...
Major European indices are closing sharply lower
The major European indices took a hit on Tuesday, with the German DAX of falling -2.13% France's CAC -2.69%. For the DAX it was the largest decline going back to August.. For the Cac, it was the largest decline going back to July 2023Concerns about the implications of...
Amazon: AI business is growing at triple digit percentages
Amazon is reporting that is AI business is growing at triple-digit percentages. This is according to the Business Insider. The shares of Amazon moved to a new all-time high on Thursday of last week at $212.25. Since then the price has rotated lower (working on its...