Federal Reserve Board Governor Christopher Waller spoke earlier:Comments from the Q&A now:Market participants are getting concerned about deficits and are demanding a term premium (Waller here addressing 10-year yields)the persistence of housing services inflation...
Fed’s Waller says he expects disinflation and rate cuts to resume this 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,...
Australian weekly consumer confidence survey fell to 85.1 (prior 86.7)
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 ramping up its 12-month targets for Chinese equity indexes
I posted yesterday on Goldman Sachs lifting their targets:Adding a little more now:GS estimate widespread AI adoption could boost Chinese earnings per share by 2.5% per year over the next decade Improving growth prospects and perhaps a confidence boost could also...
Forexlive Americas FX news wrap 17 Feb: US holiday keeps price action limited.
A US holiday today. So the price action was limited. At the start of the US session, the USD was mixed with the following gains/losses vs the major currencies showing:EUR +0.20%JPY -0.56%GBP, -0.06%CHF +0.27%CAD +0.07%AUD-0.17%NZD. -0.09%At the end of the session the...
Bank of Japan rate hikes priced in, yen to weaken
The Japanese yen may weaken as the year goes on, according to Commerzbank.Analysts at the bank say that expectations of interest rate hikes by the Bank of Japan are unlikely to provide much more additional support for the currency. While Japan’s stronger-than-expected...
Economic calendar in Asia 18 February 2025 – Fed speaker (Waller) and RBA policy decision
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, 18 February, 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,...
What technical levels are in play for the AUDUSD through the RBA rate cut in the new day?
The Reserve Bank of Australia (RBA) is set to cut interest rates for the first time in four years when it announces its decision later today at 10:30 PM ET. The benchmark rate has remained at 4.35% for 10 consecutive meetings, and with inflation easing, the RBA is now...
Pres. Trump on X: I will charge a reciprocol tariff. No more. No less.
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,...
Geoplitics: UK Starmer: Future of Ukraine is and existential issue for Europeeop
, Or about Europe without euro UK PM Starmer: Future of Ukraine is an existential issue for EuropeIt is pressing that they now share the burden.Europe must play its roleThere must be a US backstopHe concludes by saying it is the only way to deter Russia. Meanwhlle...
USDJPY completes an up and down lap and looks toward the 2025 low
The USDJPY has completed an up-and-down lap that took the pair from the close on Friday Feb 7 at 151.39 to a high last week at 154.79 and back down to the 151.39 level. The price is stalling at a swing area between 151.20 to 151.40 which is ahead of the double bottom...
Nasdaq trading map by TradeCompass
Trade Compass – NASDAQ Futures (February 17, 2025, and perhaps for this week, depending on how NQ price develops... Check out these key price levels on the map)NASDAQ Futures is currently trading at 22,230, sitting just slightly below today’s VWAP, which is around...
Taiwan is considering a $7 – $10 billion arms purchase from 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,...
ECB Holzmann: There is some probability of the March 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,...
German DAX closes at a new record
European indices closed higher to kick off the new trading week, with Germany's DAX and Italy's FTSE MIB leading the gains.The snapshot of the closing levels shows: German DAX, +1.26% to a new all-time high closing levelFrance's CAC, +0.03%. Highest close since May...
UK Telegraph: Trump looking for $500B payback from Ukraine
The Daily Telegraph is reporting that US Pres. Trump is looking for payback from supporting Ukraine vs Russia:Trump’s $500B Demand on Ukraine: Trump has proposed a $500 billion "payback" from Ukraine, covering minerals, oil, gas, ports, and infrastructure, effectively...
Keith Kellogg, US special envoy to Ukraine: Trip to Ukraine still being finalized
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,...
EURUSD corrects modestly lower to start the week. Swing area stalling the initial fall.
The EURUSD is undergoing a modest pullback today after last week's steady climb. Last week, the pair rallied from Monday's low to Friday’s high, breaking above key moving averages (MAs) and swing areas along the way. The final push higher saw the price move above a...
Fed Bowman: Expect inflation to decline by upside risks remain
Fed's BowmanFed Michelle Bowman is speaking and says:Expect inflation to decline but upside risks remain.Need greater confidence in falling inflation before cutting rates again.Patience on rate cuts will allow more clarity on impact of administration policies.Labor...