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 Asia-Pacific FX news wrap: BoJ and RBA meeting minutes released
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,...
MUFG Bank see potential for the euro to parity against the US dollar in the next 3 months
MUFG Bank expects the euro to weaken against the dollar, potentially approaching parity in the first quarter of 2025, before stabilizing and staging a moderate recovery in the second half of the year. The forecast reflects the persistence of macroeconomic divergence...
UBS halved its expectation for Federal Reserve rate cuts in 2025, to 50bp only (from 100)
UBS analysts suggest that the Federal Reserve is likely to maintain its cautious stance, holding off on further rate cuts until core inflation declines further. The bank forecasts that core inflation will slow to below 2.5% by the time of the June Federal Open Market...
Japan Finance Minister Kato verbal intervention effort trying to support the yen
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 reference rate for today at 7.1876 (vs. estimate at 7.3031)
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,...
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RBA December minutes: Upside inflation risks had diminished
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 7.3031 – 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...
Bank of Japan October meeting minutes – more detail
The post on the Bank of Japan October meeting minutes is here:Adding a little more detail now, these Headlines via Reuters: A few members said must scrutinize the impact of past interest rate hikes on the economy and prices when deciding policy.One member said must...
BoJ Oct minutes: If inflation trends align with expectations, gradual rate hikes possible
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,...
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UBS says the USD value is ‘stretched’, sell further strength and get into GBP and AUD
UBS has reiterated its recommendation for investors to capitalize on further dollar strength by diversifying into other currencies. Despite recent gains in the US dollar, driven by shifting expectations for Federal Reserve and US government policy, the bank maintains...
The probability of the Fed hiking interest rates in 2025 is 40% (according to this guy)
This is via Tortsten Sløk, Apollo Chief Economist (Apollo is a US asset management firm).I don't think I'd put the probability of a Fed hike just under 50-50 like this, but I can see the possibility (maybe 20% for me).Also, from the firm's 2025 outlook, some reasoning...
RBA publishing minutes of its pivot meeting on one of the thinnest liquidity days of year
The Reserve Bank of Australia (RBA) has a third, unofficial, mandate. Its financial stability. This is in addition to their oft-stated official mandates of price stability (in a nutshell, controlling the inflation rate) and full employment. Indeed from the RBA...
Forexlive Americas FX news wrap: Consumer confidence slumps
Markets:Gold down $10 to $2610Bitcoin down 3% to $93,800US 10-year yields up 6 bps to 4.58%WTI crude flat at $69.50S&P 500 up 0.7%USD leads, CHF lagsThe final week of the year started off with mixed signals. The equity market continued its rebound from the...
Economic calendar in Asia 24 December 2024 – BoJ and RBA meeting minutes
There are a couple of meeting minutes scheduled for the Asia session:for the Bank of Japan meeting on October 30 and 31for the Reserve Bank of Australia meeting on December 9 and 10Bank of Japan:At its meeting on October 30-31, 2024, the Bank of Japan (BOJ) maintained...
Trade ideas thread – Tuesday, 24 December, 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,...
US 30-year yields rise to the highest since May
The bond market got a reprieve on Friday with the cooler PCE report. You would think today's soft consumer confidence data would also help bring down yields but that's not the case.Instead, US 30-year bond yields are up 6.3 bps to 4.78%, which is the highest since...
Bank of Canada minutes: Decision to cut rates by 50 BPS on Dec 11 was a close call
The Bank of Canada meeting minutes were released. Some of the highlightsBank of Canada decision to cut rates by 50 BPS on Dec 11 was a close call - minutes of Governing Council meeting.Members discussed arguments both for cutting by 25 BPS and 50 BPS.Those in favor of...