Monday is expected to be a relatively quiet day for the FX market, with few economic events scheduled. On Tuesday, attention will shift to Switzerland’s CPI data and the eurozone flash CPI. In the U.S., the focus will be on the ISM services PMI and the JOLTS job...
A decently busy calendar day to start the new week
This feels more like the actual start to the new year, so welcome back one and all. The dollar continues to sit in a good spot, largely holding gains from the turn of the year. EUR/USD is hovering near 1.0300 while USD/JPY is racing up and taking aim at 158.00 today....
The loonie is in focus on potential Trudeau resignation
The latest political developments are certainly adding a lot of intrigue to the USD/CAD chart to start the new year. The pair came close to cracking 1.4500 but is ultimately pulling back now. Does that line up with the potential for a technical pullback as we have...
FX option expiries for 6 January 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0300 level. The expiries there might help to keep a bit of a floor on price action in the session ahead, as market players look to get settled into the actual start of...
The Chinese yuan is a key spot to watch as the new year looks to get up and running
A stronger fix today here isn't really too encouraging, with USD/CNY continuing to push higher on the day. The pair is now trading just under 7.33 as it continues to contest a potential breakout to start the year.USD/CNY weekly chartThe story for the yuan currency...
AI price prediction for the Japanese Yen
Japanese Yen Futures AI Price Prediction: Key Levels, Analysis, and ForecastAI Analysis and Forecast for Japanese Yen FuturesThe Japanese Yen futures market is displaying mixed signals on the 30-minute timeframe, with recent buying attempts lacking strong...
US plans to impose new sanctions targeting tankers carrying Russian oil
The Biden administration plans to impose new sanctions targeting tankers carrying Russian oil sold above the $60 per barrel price cap, aiming to curtail Russia’s oil revenue used to fund its war in Ukraine. These measures will focus on Russia's "shadow fleet" of aging...
ForexLive Asia-Pacific FX news wrap: PBoC supports CNY again
Is Crude Oil Futures a Buy or Sell today (06 Jan, 2025)?Is Gold Futures a Buy or Sell Today (06 Jan, 2025)?Bank of America see potential for a strong China equity rally in H2 2025PBOC is set to issue a record volume of offshore yuan bills in Hong Kong this...
Is Crude Oil Futures a Buy or Sell today (06 Jan, 2025)?
Crude Oil Futures Trading Map: Key Levels for January 2025 ContractCurrent Price Analysis:Today's Crude Oil Futures (CL January 2025) are trading near critical levels, with a clear divide between bearish and bullish scenarios based on key technical zones.Bearish...
Is Gold Futures a Buy or Sell Today (06 Jan, 2025)?
Gold Futures Trading Map: Key Levels for February 2025 ContractCurrent Price: $2653.3 (at the time of analysis)Today's analysis for Gold futures (GC February 2025) highlights critical price levels and potential trading scenarios for both bullish and bearish cases....
Bank of America see potential for a strong China equity rally in H2 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,...
PBOC is set to issue a record volume of offshore yuan bills in Hong Kong this month
A bit more on that earlier report from Financial News in China:The People’s Bank of China (PBOC) is set to issue a record volume of offshore yuan bills in Hong Kong this month, aiming to stabilize the yuan's exchange rate amid growing pressures. Issuing offshore yuan...
Goldman Sachs trim its gold forecasts, gold not to reach US$3000 in 2025
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North Korea has fired another ballistic missile
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Trudeau likely to resign, but has not yet made a final decision
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Trump insistent on tariffs, tax cuts, US energy
Trump on Twitter. Shouting out his tariff and tax cut policies. There are plenty of folks about the place discounting what Trump will do, saying its all for show, all for negotiation purposes. I think that's an incorrect take. I think Trump is going to do everything...
Bank of Japan Governor Ueda gives little clue on timing of rate hikes – data dependent
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CAD is pumping stronger to open the new week
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China December Caixin Services PMI 52.2 (vs. 51.5 in November)
Activity in China's services sector expanded at a faster pace in December, buoyed by accelerated growth in demand,Services PMI 52.2 in December 2024expected 51.7prior 51.5Activity Growth: Driven by stronger domestic demand and promotional efforts, new business inflows...
Shanghai Stock Exchange vows to deepen capital markets opening
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