USD/JPY daily chartIn European trading yesterday, the pair found itself settling just under the 157 mark here. That before the reaction to the US data helped to nudge the pair higher above the figure level. And that is bringing us to the present. Price action is now...
FOMC Preview – Watch out for these surprises
Federal ReserveToday at 18:00 GMT (14:00 ET) the Federal Reserve will announce its latest monetary policy decision where the central bank will keep interest rates unchanged at 5.25-5.50%. Let’s break down what’s expected and what to look out for:STATEMENTThe statement...
Markets Continue to Adjust The Fed’s Future Rate Path, Triggering Volatility
Stocks fall as investors remain cautious of a strong indication of a hawkish Pivot from the Federal Reserve. Economists expect the Federal Reserve to indicate a delayed rate adjustment and less rate cuts in 2024. Gold declines 2.12% on Tuesday and the US Dollar...
FX option expiries for 1 May 10am New York cut
It is Labour Day but there are still some expiries to take note of, as highlighted in bold.The first one is for EUR/USD at the 1.0650 level. While it isn't so much so a key level on the charts, it is one that could keep price action more sticky until we get to US...
UK April Nationwide house prices -0.4% vs +0.1% m/m expected
Prior -0.2%The average price of dwellings in the UK rose to £261,962 in April - up from £261,142 in March. But that is before taking into account seasonal factors. After accounting for that, house prices are seen falling by 0.4% instead. Nationwide notes that "the...
Japan reportedly mulls tax breaks to boost yen repatriation
It is being reported that the ruling Liberal Democratic Party (LDP) is considering the possibility of providing tax breaks to firms converting their profits in foreign currencies back into the Japanese yen. The move is said to hope to incentivise companies to bring...
It is a market holiday in Europe today
European markets will be closed today in observance of Labour Day. As such, it should be a quieter session before we get to US trading later. London will be open though, so there is that at least.The dollar is keeping steadier after posting modest gains yesterday,...
ForexLive Asia-Pacific FX news wrap: USD rose a touch higher in a holiday-impacted Asia
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,...
Timiraos on FOMC – rate cuts postponed “for the foreseeable future”, Powell the main event
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,...
JP Morgan’s Marko Kolanovic cautions against buying the dip in stocks
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,...
Citi says traders expect the biggest Fed-day move in the S&P 500 since 2023
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 may provide tax breaks for companies converting foreign profits into the yen
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 Preview: Powell Could Fire Hawkish Warning Shot – Gold, S&P 500 Setups
Most Read: S&P 500 Trade Setup: Bearish Reversal in Play ahead of Confluence ResistanceThe Federal Reserve is poised to unveil its monetary policy decision from the April 30-May 1 gathering on Wednesday, with expectations indicating that the FOMC will maintain...
Waiting for the PBOC CNY reference rate setting? None today, China is on holidays.
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 Deputy Governor Hawkesby says higher interest rates means cooling 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,...
RBNZ press conference imminent – live link
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 April 2024 Manufacturing PMI (final) 49.6 (flash was 49.9, prior 48.2)
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 rate cuts in 2024? BlackRock’s CIO predicts more monetary easing 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,...
Markets In The “Red” As Powell and Fed Countdown Begins!
The price of Gold declines 1.10% along with other metals and most commodities. The more expensive US Dollar and higher bond yields continue to pressure Gold. The US Dollar Index is the only currency index which is trading higher during today’s European and Asian...
Market News – Cautiousness ahead of Fed, NFP & Earnings
Economic Indicators & Central Banks: Trading remains quiet in a very busy week of data, earnings, supply, NFP and the Fed. Treasury yields and Wall Street posted small gains on the day but overall reain steady. It looks like fatigue has set in for the bears after...