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...
Japan’s tight labour market (2.4% u/e rate!) should be positive for wages, BOJ rate hikes
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,...
UK inflation indicator: BRC Shop Price Index fell faster in October
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 September jobs report: Unemployment rate 2.4% (expected 2.5%)
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,...
Preview – Bank of Japan meeting this week – no change to policy expected
Citi on the Bank of Japan meeting this week (October 30 - 31). The market view is for no change to policy at this meeting.Citi, too, is tipping no policy change.we share the widely held view that policy will be left unchangedconsensus is a rate hike in either December...
Japanese PM Ishiba is reportedly seeking a coalition with DPP
I posted extensively on the election and the yen response yesterday, ICYMI:I posted this yesterday, too. Where we're at:Japan’s lower house has 465 seats233 are required to form a majorityGoing into the election the ruling LDP combined with its coalition partner...
Australian weekly Consumer Confidence 86.4 (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,...
4 Big reasons that UBS target US$2850 for gold
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’s Komeito leader will resign (Japan media report)
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,...
Nate Silver tips Trump to cruise to the win in the US election
This via Nate Silver at 538.Tips Trump to win, taking the Electoral College with 271 votes vs. Harris at 267.Thats not a big margin, but its enough, and it fits with what other polls are saying.I'll scout around for other reputable polls too, but Silver is in line...
Forexlive Americas FX news wrap 28 Oct. US yields move higher.USDJPY rises after elections
The economic calendar was light today as the calm before the storm sets in. This week in addition to a slew of earnings from some of the biggest of names including Apple, Amazon, Alphabet, Microsoft, Meta, McDonalds, Visa, Pfizer and Exxon Mobile amongst others, the...
Goldman Sachs like US equities higher through year-end
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’s Toyota & NTT to invest $3.26 bn R&D to create AI software to improve self-driving
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,...
Bank of America technical analysts like S&P 500 through to the end of the year
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,...
Broader US indices close near lows for the day
The US broader indices are closing the day higher but at the lows for the day. The S&P is closing up 15.40 points or 0.27% at 5823.52. The high for the day was up 34.80 points The low for the day was up 14.96 pointsThe Nasdaq is closing up 48.58 points or 0.26% at...
Economic calendar in Asia Tuesday, October 29, 2024 – Japan jobs data
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 – Tuesday, 29 October, 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,...
ECBs De Guindos: Price outlook surrounded by substantial risks
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,...
Why the Canadian dollar doesn’t have a leg to stand on
The Canadian dollar is threatening to hit the worst levels since May 2020 in what would be a major range breakout. Aside from brief periods during covid and the oil price collapse in 2016 (both less than a month long), this would be the lowest level since 2003. I...
GBPUSD can’t keep upside momentum above 200 hour MA.
The GBPUSD buyers had their shot to make a move today. After bouncing off a key support level at 1.2938, the price surged higher, breaking above the 100 hour MA, 100 day MA, and 200 hour MA.However, despite achieving this technical breakthrough, the buyers failed to...