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,...
New Zealand consumer confidence improved to 95.1 in September (prior 92.2)
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,...
Fed’s Cook says she ‘wholeheartedly’ supported 50bp rate cut
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,...
Goldman Sachs raises GBP forecasts, predicts stronger sterling in 2024
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 Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
The Swiss National Bank (SNB), which initiated the global trend of monetary easing in March, made its third rate cut on Thursday, lowering its policy rate by 25 basis points to 1%. Switzerland has largely sidestepped the inflation surge seen in much of the developed...
ICYMI – More China stimulus, this time its likely to have immediate impact
State TV in China reported that Ministry of Finance and Ministry of Civil Affairs will issue living subsidies to disadvantaged groups before the National Day holiday next week.local authorities should ensure the funds reach their target recipients before October 1...
Should we expect oil to return to $100 per barrel?
Since July of this year, the oil market has struggled to regain momentum. It has even reached a point where the price of WTI crude oil fell below $68, a level we have not seen since March 2023. Meanwhile, the S&P 500, Dow Jones, and XAUUSD have all experienced a...
Forexlive Americas FX news wrap: US dollar fades as China trades jump
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,...
Heads up for Federal Reserve Governor Cook speaking during Asia time
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 – Global central banks are unprepared to handle an AI-driven banking crisis
Here's something else to worry about. A speaker at the S&P Global Ratings European Financial Institutions Conference 2024 in London said "Central banks are not ready to deal with an AI-driven crisis in the banking industry".The comment is from Jon Danielsson,...
Another record high for the S&P
The S&P index is closing at another record high. The index is up 23.11 points or 0.40% at 5745.37. The new intraday all-time high comes in at 5767.37.The Dow industrial average also rose 5 260.36 points or 0.62% at 42175.11, and the NASDAQ index gained 108.09...
Economic calendar in Asia Friday, September 27 – Japan inflation indicator (Tokyo CPI)
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,...
Trade ideas thread – Friday, 27 September, 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,...
How Goldman Sachs is reading the latest China news
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,...
A technical look at the commodity currency pairs. AUDUSD, USDCAD and NZDUSD.
In this video, I take a look at the three major commodity currency pairs vs the USD: The AUDUSD, USDCAD and NZDUSD. The AUDUSD has been testing swing highs going back to June and July 2023 both yesterday and today. Yesterday the price moved above does highs between...
October forex seasonals: It’s harvest time
When markets open up on Monday, it will be October. Notably, Chinese markets will be open Monday as the Chinese Communist Party celebrates 75 years in power. From there, Chinese equity markets will be closed for the remainder of the week.That's an important detail...
EURUSD buyers take the price up to overhead swing area resistance
The EURUSD started the day with volatile up-and-down price action. The price was trading above and below 100/200 hour MAs indicative of uncertainty from buyers and sellers. IN the morning video, I talked about the buyers and sellers uncertainty given the volatile...
Japan will choose a new Prime Minister on Friday
USDJPY dailyJapan’s ruling party will vote for a new leader on Friday who will almost-surely be the country's Prime Minister shortly afterwards. Current PM Fumio Kishida has stepped down and the new leader may take a more-active role in directing the Bank of...
US treasury sells $44 billion of 7- year notes at a high yield of 3.668%
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 treasury to sell $44B of 7 year notes at the top of the hour
The US Treasury will auction $44B of 7-year notes at the top of the hour. The auction results will be compared to the 6-month averages of the major components. One component is the Tail The tail is the difference between the WI level (when issued level) at the time of...