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,...
China’s Loan Prime Rate (LPR) cuts on Monday – is the glass half full, or half empty?
On Monday the People's Bank of China lowered rates:China's central bank lowered the reference rates for personal and business mortgages, a move that was widely anticipated. On the positive side, this highlights the government's commitment to providing substantial...
PBOC is expected to set the USD/CNY reference rate at 7.1229 – 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...
ECB Rate Cut Impact Analysis: Inflation Concerns Forward, Policy Tightening Ahead
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,...
Eyes and ears open today – “Verbal intervention threat rises as USD/JPY rises above 150”
That comment in quote marks is via Mizuho in their weekly outlook. "Verbal intervention threat rises as USD/JPY rises above 150."That is pertinent for the session here today for sure, with USD/JPY having gained mover than 150 points since its Asia time low on Monday....
Fed’s Daly says the recent rate cut was a ‘close call’
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,...
Fidelity International (fund manager) cuts 500 jobs in China
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 stock market, the party is over say Goldman Sachs
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,...
UBS say the US election result may not be known for more than a month after November 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,...
New Zealand September exports higher than August, imports down a touch
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,...
Fed’s Schmid: Very strong commitment at the Fed for 2% inflation
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 21 Oct; The 10 year yield moves above 200 day MA
Apart from the Leading indicators which have been forecasting a downturn for over 2 year now (there has only been one month that was positive since April 2022), the day was void of economic data. Yields were the focus today as they continued their move to the upside....
Fed’s Schmid calls for cautious, gradual, deliberate approach to 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,...
Apollo’s Slok says increasing chance Fed rates hold in November – 10 tailwinds for economy
Torsten Slok is chief economist at Apollo Management.Voicing what many are seeing is super-obvious but nevertheless ignored in the thirst-trap of seeking lower rates:bottom line is that the expansion continuesAtlanta Fed currently estimates third-quarter (3Q) GDP...
US Social Security to run dry in 2031 under Trump and 2034 under Harris
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,...
Mixed bag for the major US indices. Nasdaq up, but S&P and Dow down
The major US stock indices are closing with mixed results. The Dow industrial average was the biggest loser with a decline of -0.80%. The NASDAQ index rose by 0.27% and the S&P was in between with a decline of -0.18%. Looking at the losers in the Dow, there were...
US 10-year yields rise above the 200-day moving average
US 10 year yield w 200dmaIt was a tough one for the bond bulls on Monday as the 10-year ratcheted above the 200-day moving average for the first time since July. I wrote about bonds earlier in the day and the idea that they were pricing out a recession but it's tough...
Economic calendar in Asia Tuesday, October 22, 2024 – Fed’s Schmidt and Daly both speaking
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, 22 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,...
GBPUSD moves toward low from last week and 100 day MA/61.8% retracement
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,...