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,...
Bank of Japan rate hike incoming at the December meeting. Another two in 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,...
RBA’s Hunter says inflation expectations have not become de-anchored
Hunter is speaking at the Citi Australia & New Zealand Investment Conference, SydneyHunter says the Reserve Bank of Australia is not concerned inflation expectations getting de-anchored in the near-termpolicymakers remained alert to such a riskhouseholds appear to...
New Zealand Q3 CPI 0.6% q/q (expected 0.7%) & 2.2% y/y (expected 2.2%)
New Zealand inflation dataBefore the data, did y'all see the little jump higher for NZD/USD just prior (about a minute) to the data release? Sometimes FX is a dirty game 😉 Data:non-tradable prices +1.3% q/q and +4.9% y/ytradeables -0.2% q/qThat y/y result shows for...
Reports of a large fire in an Iran oil refinery
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 on the US election, says that it remains very close
UBS advice to clients is that the contest for President remains very close indeed, and to anticipate both volatility and uncertainty to increase until the winner is decided, UBS cites ABC News/Ipsos polling showing a small 20 to 3 point lead for Harriscites CBS...
China (lack of) oil demand growth is helping to slam crude
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,...
Nomura is wary of higher US inflation ahead
Commentary from Nomura, a bit of a big picture view. Analysts at the bank are circumspect on what monetary policy can do.Nomura argue that, looking ahead, higher levels of inflation seem inevitable, partly due to inflated asset prices and the limits of efficiency...
Economic calendar in Asia 16 October 2024 – Fed’s Bostic speech
At 1900 US Eastern time Federal Reserve Bank of Atlanta President Raphael Bostic participates in a moderated conversation on the economic outlook and impact on small businessBostic last week:As I said on Bostic last week, he was the first to sound the alarm earlier...
Trade ideas thread – Wednesday, 16 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,...
Forexlive Americas FX news wrap: Canadian CPI slumps, Chipmakers weigh on US stocks
Markets:Gold up $13 to $2663US 10-year yields down 3.7 bps to 4.04%WTI crude oil down $2.95 to $70.88S&P 500 down 0.7%JPY leads, AUD lagsThe risk mood deteriorated in US trading and the dollar was generally stronger (though not as strong as the yen). Comments from...
Chipmakers and China: S&P 500 extends decline to 50 points
SPX dailyChipmakers and China are weighing on US equity markets.The main catalyst for the selloff was a soft guide from ASML in results that were accidentally released early. Shares of the company are down 17% and have led to 5% declines in Nvidia and AMD among other...
WTI crude oil falls 4% on signs Israel won’t strike Iran’s oil
Oil dailyVarious reports suggest that Israel won't strike Iran's oil infrastructure in retaliation for recent strikes. The latest report cited officials from the Biden administration, speaking anonymously to the Associated Press, was said that Israel has pledged not...
What’s going on with oil prices?
October began strong for the oil market, with WTI crude prices rising 16% in the first week to $78, above the VWAP and indicating an uptrend. Some feared prices could hit $100, raising worries about inflation.Several factors led to this change in sentiment after...
CIBC now sees the Bank of Canada cutting rates by 50 basis points
USDCAD dailyThe Canadian dollar is on track for a tenth day of declines today and the selling was helped out by CPI at 1.6% y/y compared to 1.8% expected.The market was evenly split on the question of 25 bps vs 50 bps ahead of the data but the probabilities now sit at...
ASML shares crushed after accidentally posting earnings early
ASML shares dailyThe big turn in tech shares today was largely due to a disappointing guide from Dutch fab-builder ASML. The company accidentally posted results early due to a technical glitch and shares have fallen 17%.ASML said it expects net sales for 2025 to come...
Fed’s Daly: Still sees room to run the Fed’s balance sheet down further
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,...
Trump says he would be a better Fed chairman than Powell
Trump, asked if he would replace Powell, didn't offer a hint and instead responded: "I think I'm better than he would be. I think I'm better than most people in that position." On changing rates, he did concede that he couldn't dictate them: "I don't think I should be...
Trump: The most-beautiful word in the dictionary is “tariff”
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 holiday sales are expected to grow at slowest pace in six years
Christmas shopping will start soon after Halloween in the US and the National Retail Federation isn't overly optimistic.Their latest forecast is for a nominal 2.5-3.5% rise in spending, the slowest pace in six years. They see sales between $979.5 billion and $989...