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,...
Canada politics – Mark Carney will consider running in the leadership race
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 central rate at 7.1879 (vs. estimate at 7.2994)
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 system that allows the value of the yuan to fluctuate within a certain...
China’s NDRC, PBOC, MoF to hold a briefing on Wednesday – economic matters
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 has hit its highest since July 2024
Not seeing much news on the yen at all, apart from what has already been posted. There is some news about on Nippon Steel:The firm's CEO says we believe a fresh review by new CFIUS members under the incoming US administration could lead to a better understanding...
Australian November 2024 Building Permits -3.6% m/m (vs. -1.0% expected)
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 7.2994 – 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...
UK retail sales data for December jumps much higher
British Retail Consortium (BRC) data for December 2024:Total sales +3.2% y/y, biggest jump since March 2024November was -3.3%Note, Black Friday fell in the BRC's December period in 2024 and in November in 2023, distorting year-on-year comparisonsLike-for-like sales...
Goldman Sachs trim 2025 Federal Reserve rate cut forecast, now expect 75bp (100 prior)
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,...
TD remain bearish on CAD
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,...
North Korea is planning to launch an ICBM before trump’s inauguration
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,...
More on Goldman Sachs cutting their 2025 gold price forecast
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,...
Australian consumer confidence, weekly survey, jumped in the first week of 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,...
ICYMI – German December inflation came in much higher than estimated
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 6 Jan: Canada PM Trudeau to step down
Markets:WTI crude oil fell $0.49 or -0.65% at $73.43Gold down $-2.23 or -0.08% at $2636.47silver euros $0.35 or less 1.17% at $29.94Bitcoin is back above the $100,000 level at $101,830. The high price reached $102,514The US dollar fell versus most of the major...
ICYMI – OPEC’s crude oil production declined in December, driven primarily by the UAE
ICYMI - reports Monday US time on OPEC oil supply dipping a touch in December. Info via Bloomberg (gated). OPEC's crude oil production declined in December, driven primarily by the UAE's efforts to implement supply cuts aimed at stabilizing global oil markets. Output...
US stocks close mixed. Dow down modestly. Nasdaq leads.
The major US stock indices are closing mixed with the Dow industrial average down marginally while the NASDAQ index leads the advances.A look at the numbers shows:Dow industrial average -25.57 points or -0.06% at 42706.56.S&P index +32.91 points or 0.55% at...
Economic calendar in Asia Tuesday, January 7, 2025 – a light one
Its going to be a light data agenda during the Asian session for today. I've stuck a box around one thing that'll come later from China. Justin will pick it up. FX reserves data include data on gold purchases, which is much awaited. The People's Bank of China (PBOC)...
Trade ideas thread – Tuesday, 7 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,...
Crude oil settles at $73.56
Crude oil futures are settling at $73.56 which is down -$0.40 or -0.54%. The high price today reached $74.96. That high was within shouting distance of the falling 200-day moving average is $75.34 ($0.38). The price has not traded above the 200-day average since...