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 Technical Analysis – The breakout is a bad omen for the buyers
USDThe Fed left interest rates unchanged as expected with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower.Fed Chair...
FX option expiries for 2 April 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD at the 1.0735 level. With the dollar in the driver's seat, the expiries may not matter too much as the level isn't technically significant. At best, it could limit price action before...
German inflation the highlight of the European data docket today
It was a four-day weekend in Europe and that saw a rather quiet trading period up until late yesterday. During the US session, the dollar caught a bid as Treasury yields jumped higher. And the moves are something to be mindful of as we get back on the saddle in Europe...
Dollar in the driver’s seat to start April trading
European traders will be greeted with an air of dollar strength upon their return from the Easter holiday. That comes as the greenback caught a bid yesterday, helped out by stronger ISM manufacturing data here. But I would argue that it was more so a surge higher in...
ForexLive Asia-Pacific FX news wrap: Chinese state banks buying onshore yuan
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 state-owned banks selling USD/CNY – to support the yuan
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,...
Bitcoin taking a hit, back under $68K
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 – growth in public employment has masked slowdown in private sector jobs market
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 property developer Country Garden stock suspended on Hong Kong exchange
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,...
Goldman Sachs says equal-weight S&P 500 is now trading 13% above estimate of fair value
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 sets USD/ CNY central rate at 7.0957 (vs. estimate at 7.2433)
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...
Japanese authorities would probably target a 5 yen rally against USD for intervention
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 7.2433 – 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...
RBA March minutes show the Bank did not consider the case for an interest rate rise
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,...
Samsung expected to raise the price of enterprise SSDs (NAND sector) by 20-25% in Q2
Samsung Electronics is expected to raise the price of enterprise SSDs in the NAND sector by 20-25% in the second quarter of this year.Info comes via South Korean business media. AI boom and the subsequent construction of data centres (AI-related storage servers) by...
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Japan finance minister Suzuki won’t comment on specifics of FX intervention
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,...
Australian private survey of inflation for March drops to 3.8% y/y (prior 4%)
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 Governor Orr says Bank remains “laser-focused on its job to control 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,...