Gold (XAU/USD) daily chartAs markets are still digesting the aftermath of the Fed decision yesterday, gold is finding it rough to stay afloat as Treasury yields are continuing to hold up. Gold had previously found support from its 100-day moving average (red line) in...
Japan lodges protest against North Korea as missile fell within EEZ
Just a bit of an update to the earlier headline here. It is said that North Korea fired two missiles today and they fell within Japan's exclusive economic zone (EEZ). Japan adds that this would be the 13th time that North Korea's missiles have landed in the EEZ in out...
ForexLive European FX news wrap: Euro keeps steady with the ECB up next
Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.3%US 10-year yields up 3.1 bps to 3.829%Gold down 0.7% to $1,929.74WTI crude up 1.1% to $69.19Bitcoin flat at $24,925Markets are still digesting the Fed policy decision...
North Korea has fired what could be a ballistic missile – Japan defence ministry
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,...
AUD/USD stays poised for a break higher towards the end of the week
AUD/USD daily chartAUD/USD is up 0.4% today to 0.6820 currently as buyers are staying poised in search of a break to the upside. The high yesterday did briefly breach the May high of 0.6818 and the resistance region around 0.6793-00, but the daily close (0.6795) fell...
USDJPY: BOJ Preview
On Friday night, the Bank of Japan will announce its interest rate resolution until June 16. If nothing else, the central bank will maintain its negative interest rate policy since January 2016, with the benchmark rate remaining at -0.1% while the 10-year government...
Euro holds steady ahead of the ECB later
EUR/USD daily chartAfter the Fed decision yesterday, EUR/USD managed to hold a push above its 100-day moving average (red line) and is maintaining that in trading today. That reaffirms a more bullish bias now in the pair but there is the risk of the ECB decision...
Lesser UK businesses expected to raise prices in the month ahead – ONS
That is some good news for consumers and households, with the proportion of UK businesses reporting that they would expect to increase prices next month falling to 17.0% (down from 17.7% in the previous month). The other positive anecdote is that this represents the...
Eurozone April trade balance -€11.7 billion vs €25.6 billion prior
Prior €25.6 billionThe euro area trade balance falls back into deficit territory in April with the seasonally adjusted figure being -€7.1 billion. Looking at the details, seasonally adjusted exports fell by 3.2% on the month while imports grew by 5.8% on the...
Fed to deliver one more 25 bps rate hike at July meeting – JP Morgan
No "pause" and just a "skip" basically. That's what JP Morgan is arguing after the Fed decision yesterday. As a reminder, Fed chair Powell did not confirm or pre-commit to a rate hike next month, only going as far as saying that the meeting will be a 'live'...
USD/JPY extends gains to 1% to highest levels since November last year
USD/JPY daily chartCan you say squeeze? The pair is breaking out to its highest levels in six months now as it runs up to 141.45 to start European morning trade. There isn't much news or headlines to have triggered such a run, so perhaps it is based on the charts that...
European stocks open lower to start the day
Eurostoxx -0.3%Germany DAX -0.3%France CAC 40 -0.3%UK FTSE -0.1%Spain IBEX -0.2%This comes as we also see US futures tilt a little lower, with S&P 500 futures now down 9 points, or 0.2%, right as we get things going on the session. Nasdaq futures are down 0.3%...
Market Update – June 15 – From Dovish Hikes to a Hawkish Pause
The Fed on Wednesday kept the official interest rate unchanged in the target range of 5%-5.25%. But it was its projections, the so-called dot-plot, that moved markets, sending them lower as the central bank projected a median rate of 5.6% for this year, meaning two...
France May final CPI +5.1% vs +5.1% y/y prelim
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,...
Switzerland May producer and import prices -0.3% vs +0.2% m/m prior
Prior +0.2%Looking at the breakdown for the month, producer prices actually increased by 0.4% in May but that is more than offset by the plunge in import prices - down by 1.8% on the month. The latter in particular mainly reflects cheaper energy prices, which has been...
Trading Psychology: Overcome Emotional Biases for Better Results When Trading with Fxview
In the fast-paced trading world, emotional biases can often hinder traders from achieving their full potential. Fear, greed and overconfidence are just a few emotions that can cloud judgement and lead to unfavourable outcomes. Recognising the importance of addressing...
FX option expiries for 15 June 10am New York cut
There aren't any significant expiries to take note of for today. However, keep an eye out for a minefield of large expiries in EUR/USD all through 1.0640 to 1.0900 tomorrow. It's quadruple witching season again in markets, so that explains what we're seeing there.In...
ECB the main focus on the agenda today
I shared some thoughts on the Fed decision here and how it is making for a bit of a tricky read into dollar sentiment at the moment. And that's where we are as we approach European trading today.The greenback is sort of in a bend but don't break situation, with...
What’s the verdict on the Fed policy decision?
The Fed tried to deliver on its commitment to keep rates higher for longer, but did it work? I reckon the jury is still out on this one.Fed chair Powell fell short of committing to a July rate hike, as you would expect, and reaffirmed that the next meeting will be a...
Where will Japan draw a hard line on the yen drop?
The Japanese yen is a notable mover today, with USD/JPY up by 0.9% to above 141.00 on very little to no news. It builds on the FOMC meeting decision yesterday but this looks more yen-related than that, if I were to pick a story. The drop in the currency came during...