GBP/USD hourly chartThe pair was trading around 1.3160 prior to the UK CPI report here. But it is trading to fresh session highs of 1.3205 currently. Looking at the near-term chart above, it's still not indicative of much. Buyers are in near-term control but there is...
NZDUSD Technical Analysis – The USD stays under pressure ahead of the FOMC
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
UF AWARDS APAC 2024 Winners Called to the Stage
Asia-Pacific (APAC)’s online trading and fintech industry elites congregated at the iconic Centara Grand & Bangkok Convention Centre at Central World in Bangkok on 17 September, to honour the most innovative and truly the best Brokers and Technology Providers in...
Everything You Need to Know About FMAA – Vote Today
Every forex broker must grapple with brand development, while maintaining a level of quality and service that sets it apart from competitors. Of course, countless strategies exist to achieve this goal, however the best way to showcase one’s brand is securing the...
Gold Technical Analysis – All eyes on the FOMC decision
Fundamental OverviewYesterday, we got some positive US data releases as the US retail sales came out a touch better than expected and the industrial production data beat forecasts erasing the hurricane related weakness in July. The data put some pressure on gold and...
ECB’s Villeroy says likely to continue with rate cuts
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 data bolsters odds of BOE keeping bank rate unchanged tomorrow
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 August CPI +2.2% vs +2.2% y/y expected
Prior +2.2%Core CPI +3.6% vs +3.5% y/y expectedPrior +3.3%Coming into today, traders had been pricing in ~63% odds of the BOE keeping the bank rate unchanged tomorrow. And the inflation numbers here pretty much solidifies the notion that they will keep rates unchanged...
Inflation back on the menu in Europe today
But the key focus in markets today is of course the FOMC meeting decision. Will it be a 25 bps or 50 bps rate cut? That is the question.As things stand, traders are still pricing in ~65% odds of a 50 bps rate cut for today. And therein lies the balance of risks ahead...
ForexLive Asia-Pacific FX news wrap: Awaiting the Federal Open Market Committee (FOMC) 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,...
A JP Morgan strategist says a Federal Reserve rate cut is not needed
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,...
Australia CPI preview – CBA expect “Headline inflation in August back within RBA’s target”
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,...
FOMC forecasts from 28 bank analysts. Forecasts for today’s cut, dot plots, 2024 and 2025
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,...
People’s Bank of China will be setting interest rates this week and next
The People's Bank of China will set Loan Prime Rates (LPRs) on Friday September 20:these benchmark lending rates remained unchanged in Augustone-year loan prime rate stayed at 3.35%the five-year rate was maintained at 3.85%In July China's central bank confirmed...
Australian August Monthly CPI preview – Westpac expect 2.7% y/y for the monthly read
This is via Westpac’s preview of the inflation data due from Australia on Wendesday 25 September at 11.30 am Sydney time0130 GMT, 2130 US Eastern timeIn brief:WPAC near-cast for the August Monthly CPI Indicator is –0.2%mth/2.7%yr. For the September quarter CPI our...
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PBOC sets USD/ CNY reference rate for today at 7.0870 (vs. estimate at 7.0828)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
Australia leading index in August shows still very slow growth ahead
Australia Westpac Leading Index for August 2024 -0.05% m/mprior –0.03%Westpac note, in summary: The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine...
El Erian cites ‘The Economist’ – Fed rate cuts “may disappoint “
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 August data shows a big miss for both exports and imports – recap
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,...