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,...
AUDUSD Technical Analysis – A look at the chart ahead of the RBA’s decision
Fundamental OverviewThe US Dollar fell across the board in the final part of last week for two main reasons. The US PPI report came in higher than expected but the focus was on the details that feed into the Core PCE index, which is what the Fed focuses on. Those...
OPEC+ reportedly mulling pushing back oil supply increases that are due in April
That won't make Trump too happy as he wants lower oil prices. The report says that the bloc is viewing that the oil market remains "too fragile" in order to revive production now. That said, no final call has been made on the matter and members are believed to be...
Eurozone December trade balance €15.5 billion vs €16.4 billion 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,...
BOE’s Bailey: We still see gradual disinflation going on
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,...
The Impact of Political Endorsements on Cryptocurrency Valuations and Forex Markets
Political endorsements have always had an impact on financial markets especially in recent years. For digital assets, the impact sends shock waves throughout the industry since it is not yet fully matured, as such, any potential policy change could have a ripple...
RBA Poised to Reduce Cash Rate by 25 Basis Points
The Reserve Bank of Australia (RBA) will meet this Tuesday and is widely anticipated to deliver its first rate cut in four years amid easing inflationary pressures. I am ‘reasonably’ convinced that the central bank will reduce the Cash Rate this week, a belief based...
RBNZ Set to Continue Easing This Week; NZD/USD Eyeing Resistance
Following the RBNZ cutting its Official Cash Rate (OCR) by 50 basis points (bps) in November 2024, economists and investors expect another bumper 50 bp rate reduction on Wednesday this week – with an outside chance of a more minor 25 bp reduction. A 50 bp (25 bp)...
SNB total sight deposits w.e. 14 February CHF 432.5 bn vs CHF 438.1 bn 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,...
USDCHF Technical Analysis – The USD comes under pressure once again
Fundamental OverviewThe US Dollar fell across the board in the final part of last week for two main reasons. The US PPI report came in higher than expected but the focus was on the details that feed into the Core PCE index, which is what the Fed focuses on. Those...
Market Outlook for the Week of 17th-21st February
On Monday, U.S. markets will be closed in observance of Presidents' Day while parts of Canada will celebrate Family Day. On Tuesday, the focus in Australia will be on the RBA monetary policy announcement. In the U.K., traders will be monitoring the claimant count...
USDJPY Technical Analysis – The chances for a third hike increase
Fundamental OverviewThe US Dollar fell across the board in the final part of last week for two main reasons. The US PPI report came in higher than expected but the focus was on the details that feed into the Core PCE index, which is what the Fed focuses on. Those...
European indices open lightly changed to start the new week
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,...
Nasdaq technical analysis: All-time high is a price magnet
Nasdaq Futures Update: The All-Time High is a Price MagnetNasdaq futures are approaching a critical price level—the all-time high (ATH) of 22,425.75—a key point that many traders, algorithms, and institutions are closely watching. This level holds significant...
USD/JPY heavy ahead of European morning trade
USD/JPY daily chartIt might shape up to be a quieter start to the new week but USD/JPY is one to stand out early on as it slumps further since the end of last week. The prospect of reciprocal tariffs and a stronger US CPI report helped to bump up the pair alongside...
Reminder: It is a long weekend in the US
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,...
FX option expiries for 17 February 10am New York cut
There is just one to take note of on the board for today, as highlighted in bold.That being for EUR/USD at the 1.0500 mark. That should keep price action locked in closer to the figure level, though further dollar weakness could well override the impact of the...
ForexLive Asia-Pacific FX news wrap: Japan GDP data much higher than expected, yen up
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,...
Japan December 2024 Industrial Production -0.2% m/m (preliminary +0.3% m/m, prior -2.2%)
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’s Xi attended a symposium on private enterprises
The Global Times, a Chinese state tabloid media outlet, with the report. Says Xi attended a symposium on private enterprises on Monday and delivered a speech. This is being read as a sing of support for the private sector after quite the period of neglect from Xi. The...