The Bank of Korea (BOK) is expected to cut its base interest rate by 25 basis points to 2.75% on January 16, earlier than previously forecast, to support South Korea's struggling economy amid political instability and a downgraded growth outlook. A Reuters poll found...
ICYMI – Six EU countries call for lowering of G7 price cap on Russian oil
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 7.3161 – 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...
Initial indications are the USD/CNY reference rate fix will dip a little 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,...
Japanese bank lending data for December 2024 +3.1% y/y (prior also +3.1%)
Japanese bank lending data has garnered increased attention over the past 6 to 12 months. As the economy has crawled towards recovery, combined with rising raw material costs and a weakening yen, corporate demand for working capital has risen. Large firms have been...
Australian January consumer confidence -0.7% m/m to 92.1
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,...
US December CPI preview – forecasts from 17 investment bank economists
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 extends its losses – gradual tariff plan news the catalyst
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,...
BlackRock remain ‘pro-risk’ but see three triggers that would change their view
BlackRock's latest says that to start 2025, their outlook remains pro-risk, with a focus on U.S. stocks. However, the view may shift based on three key factors:Policy Changes: Monitoring U.S. tariffs and fiscal policy for potential impacts on the market.Corporate...
Australian weekly consumer confidence survey fell to 87.1 (prior 87.5)
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 losing ground on the ‘gradual’ tariff story
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’s tariff team studying gradual hikes of 2 to 5% per month
Bloomberg with the info on a plan to gradually raise tariffs by 2 to 5% a month.In brief:Advisors on Trump’s incoming economic team are considering a gradual implementation of tariffs, increasing them incrementally each month. This approach is intended to strengthen...
Forexlive Americas FX news wrap 13 Jan: Mixed USD.Stocks erase declines & close mostly up
The economic calendar was light with the Employment Trends data coming in a bit higher at 109.70 vs 109.45 last month. Coming off the US jobs report on Friday, the marker reaction was limited. The other data was a NY Fed survey data which showed. NY Fed: Year-ahead...
Economic calendar in Asia 14 January 2025 – clues for the next BOJ meeting
Japanese markets reopen today after a holiday on Monday. Nothing on the data calendar is likely to move major FX around too much. Nevertheless, given the approach of the next Bank of Japan meeting (January 23 and 24) and the chatter of a rate hike (BOJ reportedly...
New Zealand Q4 business confidence jumped higher to +16% (prior -1%)
Quarterly Survey of Business Opinion (QSBO) from the New Zealand Institute of Economic Research (NZIER).Business confidence in Q4 +comes in at +16%the prior quarter was -1%NZD/USD is up a few tics after the report. The full report from NZIER is here:In...
Trade ideas thread – Tuesday, 14 January, 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,...
Mixed ending for the major indices. Nasdaq lower but other indices close higher
The major US stock indices are closing mostly higher with the NASDAQ index the laggard. Even the Russell 2000 is in positive territory. The gains come ahead of the US PPI final demand data on Tuesday. The CPI inflation data will be released on Wednesday.The final...
Gold consolidates gains as buyers and sellers wait for the next break
Gold is trading up and down since taking it's last run higher from September that saw the precious metal summit at $2790.07 on October 30. Since, then there was a Correction down to early/mid September lows at $2535 area, A couple of high at $2721.41, and A higher low...
S&P index moves into positive territory
The S&P index has moved into positive territory. The high price just reached 5830.76. The current price is trading at 5827.41 up 0.41 points on the day.The Dow industrial average is extending its gains to 306 points or 0.73% at 42245.30. Much of the gain is as a...
Crude oil futures settle at $78.82
The price of crude oil surged for the second consecutive day. Today they price settled up $2.25 or 2.94%. The catalyst? US sanction on Russian oil.The details:Crude: Crude hit a 5-month high, driven by new U.S. sanctions on Russian crude, which threaten to tighten...