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 have downshifted their GBP forecasts
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 7.2202 – 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...
Bank of Japan Governor Ueda says monetary policy does not seek to control forex rates
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 finance minister Suzuki says he is watching FX movement with a sense of urgency
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,...
Oil price dip & the US is back on the bid to buy oil for Strategic Petroleum Reserve (SPR)
The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves has announced:a solicitation for up to 3.3 million barrels of oil for delivery to the Strategic Petroleum Reserve (SPR) in OctoberYep, the US is back on the bid for oil to further replenish Reserve...
Former Dallas Fed President Kaplan is back! Gets the Goldman Sachs Vice Chairman gig.
Goldman Sachs has appointed Robert Kaplan, former president of the Federal Reserve Bank of Dallas, as its vice chairman. Kaplan got himself in trouble with his trading activities whilst head of the Dallas Fed, and resigned. Which was a shame. Kaplan was a lone and...
The RBA May meeting left the cash rate on hold: What’ll make the bank raise rates 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,...
RBA response from Commonwealth Bank of Australia – Interest rate cut coming in November
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 on hold in May – next move will be a rate cut
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 Tax Office targeting unreported crypto profits: 1.2m accounts investigation
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,...
ICYMI – Druckenmiller cut his stake in Nvidia, says “AI might be a little overhyped now”
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 7 May: The USD is the strongest of the major currencies.
The US session was void of any US data today. The only economic report was the Ivey PMI index out of Canada which came out stronger than expected. Despite the gains, the CAD weakened and was one of the weakest of the major currencies. The USD today, was the strongest...
Oil – private survey of inventory shows a headline crude oil build vs. draw 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,...
Standard Chartered US$200K BTC forecast – says Bitcoin will surge if Trump wins election
ICYMI on crypto, the latest from Standard Chartered this week. Analysts at the bank point to two reasons a Trump win would be positive for Bitcoin. 1. Trump would ease back on regulating crypto: “While officials in the Biden administration have taken a relatively...
A mixed close for US stock indices today
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,...
ICYMI – Morgan Stanley expect three Fed rate cuts this year! Starting in September.
Morgan Stanley say they "remain bullish on our call for three 25bp rate cuts this year". Remain bullish? OK then. They expect the first Federal Open Market Committee (FOMC) cut in September. MS' previous forecast was for July. MS say the reason for the delay in the...
Economic calendar in Asia for Wednesday 08 May 2024 is empty
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,...
Trade ideas thread – Wednesday, 8 May, 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,...
USDCAD runs higher and breaks through a series of technical targets along the way.
The USDCAD has made a move to the upside today with the help of technical breaks through some key moving averages. More specifically, the.100 and 200 hour moving averages were broken near the same level at 1.3688100 bar moving average on the four hour chart was broken...