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,...
PBOC is expected to set the USD/CNY reference rate at 7.1208 – 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...
AUD, NZD continue to fall
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 Machinery orders for August 2024: -1.9% m/m (expected +0.1%)
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 leading index in September shows still very slow growth 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,...
Fed’s Bostic: US economy performing quite well, confident inflation will get to 2% 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,...
RBNZ’s Silk says confident inflation will converge to 2% target midpoint in medium term
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 has been more sticky than the Bank expected
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...