The dollar is trading just a little higher to start the day, seeing slight gains against the euro, pound and franc now. USD/JPY had already been higher since Asia trading here, and is keeping those gains. The pair is up 0.7% to 153.65 currently. Meanwhile, EUR/USD is...
Market Outlook for the Week of 11 – 15 November
Monday’s economic calendar is light due to a bank holiday in the U.S. for Veterans Day and in Canada for Remembrance Day. On Tuesday, the U.K. will release several key labor market indicators, including the claimant count change, average earnings index m/m and the...
Japan parliament votes to keep Ishiba as prime minister
From earlier: Japan Prime Minister Ishiba faces leadership vote in parliament todayThis comes after the election results last month, which saw Ishiba's Liberal Democratic Party lose its majority alongside coalition partner Komeito.Ishiba's re-election is more or less...
FX option expiries for 11 November 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD at the 1.0700 level. The daily lows last week were held by the figure level, so the expiries will add another layer to that as we get the new week underway at least. With the bond market...
Reminder: It is a partial US market holiday 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,...
SNB’s Martin: We have made absolutely no commitment to keep cutting interest rates
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 Asia-Pacific FX news wrap: USD/JPY up 100+ points to 153.50
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,...
ECB board member Elizabeth McCaul speaking Monday – on supervision
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,...
ICYMI: US ordered TSMC to halt shipments to China of chips used in AI applications
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,...
Chatter around that China is likely to implement stronger fiscal policies in 2025
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,...
USD/JPY surging still, highs above 153.40
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,...
Reserve Bank of New Zealand inflation expectations survey: 2 yr at 2.12% (prior 2.03%)
New Zealand Inflation Forecast for Q4 2024:2 yrs 2.12%, jumping from the previous quarterprior 2.03%1 yr 2.05%, contrasts with a drop from the previous quarter surveyprior 2.4%NZD/USD hasn't really moved on the data. The RBNZ is expected to cut its cash rate again at...
EUR/USD forecast: Trump policies likely to be watered down, USD won’t sustain its strength
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 to counter 60% Trump tariffs with massive incentives to Europe, Asia
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 reference rate for today at 7.1786 (vs. estimate at 7.1813)
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...
Morgan Stanley on the Impact of Trump’s Tariffs, Immigration, and Fiscal policies
Morgan Stanley categorizes the Trump administration's macroeconomic policies into three main areas: tariffs, immigration, and fiscal measures. The report anticipates that tariff policies will be among the first to be implemented. MS model an immediate imposition of...
“BOJ divided on rate hike timing” – USD/JPY pops a little higher on the session
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 is expected to set the USD/CNY reference rate at 7.1813 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
ICYMI – ECB Council Member Urges Prudent Monetary Policy Approach
Ireland's central bank governor and hence European Central Bank (ECB) Governing Council member Gabriel Makhlouf spoke on Friday, ICYMI. He emphasized the importance of a careful assessment and maintaining a measured pace of monetary policy easing, suggesting that with...
BOJ Summary (Oct.): Yen’s depreciation has significant effects
The Bank made specific mention of forex issues in its statement after the October 30 and 31 meeting:The "Summary of Opinions" from this meeting highlights the following key points:Economic Developments:Moderate Recovery: Japan's economy continues to recover...