Apple stocks witness the second largest decline within the NASDAQ, falling more than 4.00%. Shareholders sold shares after news of another federal antitrust law violation. Apple is set to receive its second fine from regulators for “monopolizing” the phone sector. The...
ECB’s Nagel: The probability of a rate cut before the summer break is increasing
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,...
Germany March Ifo business climate index 87.8 vs 86.0 expected
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Dollar breakout against the Chinese yuan adds a tailwind to the rebound this week
For the most part this year, Chinese authorities have been firm in keeping USD/CNY below the 7.20 threshold. And that is despite the constant pressure on the yuan currency amid China having to deal with recent economic challenges. But amid the dollar's resurgence this...
Dollar stays bid in European morning trade
It was turnaround Thursday for the dollar yesterday and the bulls are building on that today. The greenback is proving more resilient in trading this week, bouncing back strongly now after its post-Fed slump. EUR/USD is down to a three-week low of 1.0810, eyeing a...
European equities mostly a little lower at the open to start the day
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Japan’s largest union group Rengō says average wage hike seen at 5.25% after second tally
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,...
Is there another BOJ rate hike on the cards for this year?
The poll shows that among 34 economists surveyed, 19 (54%) are expecting another rate hike by this year-end. None of them are anticipating one as soon as June though but 5 economists are seeing a rate hike take place during Q3. Following which, that only leaves the...
Germany January import prices 0.0% vs -0.3% m/m 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,...
UK February retail sales 0.0% vs -0.3% m/m expected
Prior +3.4%; revised to +3.6%Retail sales -0.4% vs -0.7% y/y expectedPrior +0.7%; revised to +0.5%Retail sales ex autos, fuel +0.2% vs -0.1% m/m expectedPrior +3.2%; revised to +3.4%Retail sales ex autos, fuel -0.5% vs -0.9% y/y expectedPrior +0.7%; revised to...
GBPUSD Technical Analysis – We are near a key support
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 22 March 10am New York cut
There are a couple to take note of for the day ahead, as highlighted in bold.The first ones are for EUR/USD, which are layered from 1.0825 to 1.0850. Those expiries are likely to keep price action more compact in the session ahead, as traders also contest the key...
BOE governor Bailey reaffirms that rate cuts this year is not unreasonable
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UK retail sales, German Ifo business survey on the agenda today
The dollar is proving that its post-Fed slump was merely a blip, as it runs higher now on the week. The greenback has erased its declines after the FOMC meeting and then some now, posing some key technical questions here. That will be an important detail to pay...
Dollar resilience draws in a couple of key technical questions
The market reaction to the post-Fed reaction seems to be "oops, we might have overreacted". The dollar stormed back in trading yesterday and has completely erased the drop on Wednesday. What's more is that the greenback is now threatening some key technical levels on...
ForexLive Asia-Pacific FX news wrap: USD extended its gains
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Japan Finance Minister Suzuki: Continues to watch FX moves with high sense of urgency
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Federal Reserve Chair Powell headlines Fed speakers Friday, also Jefferson, Barr, Bostic
0900 US Eastern time / 1300 GMT: Powell gives welcome remarks before a "Fed Listens" event to hear perspectives on current economic conditions and how the pandemic experience has reshaped the economy and the workforce1000 US Eastern time / 1400 GMT: Federal Reserve...
USD has extended its gains during Asia, yen fighting back a little
The USD has added to its gains across the board here in Asia trade. Most notably against the Chinese yuan, prompting intervention to stem its rise and propr up the CNY:Even that isn't helping the yuan a lot. Elsewhere the USD is up widely. AUD/USD is under 0.6540,...
China state banks seen buying yuan in onshore FX market
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