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 data – August CPI Headline +3.0% y/y (vs. 3.0% expected)
Japanese CPI Overall 3.0% y/yexpected 3.0%, prior 2.8%Core CPI (excluding fresh food) 2.8% y/yexpected 2.8%, prior 2.7%Core-core 2.0% y/y,expected 2.0%, prior 1.9%excluding fresh food and energy, this is the closest to US core inflationAll three CPI data points are...
UK consumer confidence September: -20 (vs. -13 expected). Lowest since March 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,...
CBA shifts expected RBA rate cut timing to December 2024 (from November)
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,...
AUD/USD support: RBA on hold with strong jobs market, sticky CPI; Fed policy divergence
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,...
BlackRock is wary of the Federal Reserve 50bp rate cut, watch the word “recalibration”
Analysts at BlackRock are wary of Wednesday's move from the Federal Open Market Committee (FOMC), describing the extent of the rate cut as unexpected.They say that while the 50bp cut might benefit the markets in the short term, they believe it also increases the...
UBS forecasting many more Federal Reserve rate cuts, forecast S&P 500 to 6200
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 info – Goldman Sachs sees Fed cutting by 25 bps at each meeting until June next year
ICYMI, Justin ahd the headline on this Thursday:Adding in a little more now: from the GS note. Analsyst at the bank argue that the main reason for the larger rate cut, and the key takeaway from the meeting, was the shift in focus from inflation concerns to employment...
ICYMI: US Treas Sec Yellen said the Fed rate cut is ‘very positive sign’ for economy
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 Americas FX news wrap: Dollar softer as the market digests the Fed decision
Markets:WTI up $1.10 to $72.01S&P 500 up 1.7%, Nasdaq up 2.6%Gold up $30 to $2589US 10-year yields up 3.2 bps to 3.72%AUD leads, JPY lagsThe Fed dust settled and it was a big change from 24 hours ago, when there was some angst about the somewhat surprising 50...
Major US stock indices close sharply higher helped by foreign buying after Fed rate cut
The major stock indices moved sharply higher overnight in the Asian and European sessions after the FOMC rate decision gave foreign buyers a nudge to plow back in the US stocks.In the US session the day momentum continued with the NASDAQ index leading the wayThe...
Economic calendar in Asia Friday, September 20, 2024 – PBOC, BOJ and Japan inflation
August National CPI data from Japan is due on Friday Japan time. We have had the Tokyo CPI data for August, which came in higher vs. July:The Bank of Japan statement follows a few hours later. There is no set time for the BoJ statement. There is no rate change...
Trade ideas thread – Friday, 20 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,...
GBPUSD has a volatile day, but bounces off a key support level
The GBPUSD experienced a volatile session today, similar to many other pairs. Following the Bank of England's decision to keep interest rates unchanged, the price surged to a high of 1.33132. However, the momentum reversed after the US weekly jobless claims report...
Morgan Stanley: Adjusts USD risk skew to neutral; Recommends long JPY
Morgan Stanley shifts its risk outlook on the USD to neutral and recommends going long on JPY against the USD and other risk-sensitive currencies amid heightened concerns of a hard landing.Key Points:Risk Skew Adjustment:Morgan Stanley adjusts its risk skew on the USD...
EURUSD found buyers at the 100 hour MA and traders look toward the high for the day
Earlier in the US session, I posted: The price did bounce off the 100-hour MA, and after getting above the 1.1140 level, has extended up to a corrective high of 1.1167. The next target comes in at the high for the day at 1.1178. Above that and the high from yesterday...
The long end is key for the US dollar now
The head of US fixed income from Wells Fargo was on CNBC today and he made the point that sub-3.5% in US 10s is too low for the environment we're in. The Fed is now cutting and prepared to cut aggressively to preserve US economic strength.Sub-3.5% with Fed funds at...
The AUDUSD tests a key area on the daily chart. Buyers and sellers be on alert.
The AUDUSD is trading higher today, boosted by risk-on sentiment as US stocks surge. The Dow is up 633 points (1.52%), while the S&P 500 and Nasdaq have gained 2.00% and 2.95%, respectively. In the European session, the AUDUSD reached a new high, but struggled to...
Will oil get on the global growth bandwagon?
WTI crude oil dailyThe market is frothy at the thought of a soft landing today after Powell pledged to preserve the strength of the economy yesterday and delivered a half-point cut. Fed projections are for 4.4% unemployment through next year and -- presumably --...
NZDUSD has it’s share of ups and downs, but buyers are in control. I will tell & show why.
The NZDUSD continues to experience volatile price action following the FOMC rate decision, with today's trading seeing an initial move to the downside. The fall took the price briefly below its 100-hour moving average, marking a departure from the recent trend....