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 February construction PMI 39.1 vs 36.3 prior
Prior 36.3Total activity in Germany's construction sector fell at its slowest rate in five months. But make no mistake, this is still a poor showing in the grand scheme of things. Once again, all three sub-sectors showed a decline in activity with civil engineering...
Bitcoin up 6% to $67,000 as the rebound intensifies
Bitcoin (BTC/USD) hourly chartThe cryptocurrency is now roughly 3% away from a fresh all-time high above $69,000 amid the sharp rebound today. After briefly breaking its 2021 high of $69,000, we saw price come tumbling down to a low of $59,000 yesterday. Buyers were...
Spring Budget potential impact on GBP/USD
The market is waiting for the Spring Budget announcement which is expected to have more weight than usual due to the upcoming elections, as Chancellor Jeremy Hunt and Prime Minister Rishi Sunak are more interested than ever to impress voters. Hunt previously expressed...
European equities lightly changed at the open 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,...
PBOC governor Pan: There is still room for cutting RRR
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 NDRC head says that 2024 growth target is in line with economic potential
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,...
BOJ policymakers to say end of negative rates as “reasonable” in upcoming policy meeting
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 January trade balance €27.5 billion vs €21.5 billion 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,...
FX option expiries for 6 March 10am New York cut
There are a couple of big ones to watch out for on the day, as highlighted in bold.That being for EUR/USD at around the 1.0840 to 1.0875 levels. The layers of expiries there could keep price action more sticky on the session, that especially with little else to work...
USD/JPY down slightly but still largely trapped in a technical box for now
USD/JPY daily chartUSD/JPY climbed on Monday only to erase that advance on Tuesday and is now settling marginally lower on the week. Price is slipping back below 150.00 as the push and pull continues over the last month or so.In terms of overall price action, the pair...
Bitcoin rebounds back to $65,000 after overnight plunge
Bitcoin has more than halved the sharp drop in overnight trading as it moves back above $65,000 now.Bitcoin (BTC/USD) hourly chartIt is up over 3% on the day currently after having arrested the drop at around the $60,000 mark as seen above.If you want to stick by the...
Central banks are back on the agenda this week
Adam had a post on the BOC yesterday: What's priced in for the Bank of Canada ahead of Wednesday's decisionAnd we will get to the ECB policy decision tomorrow as well. Given the circumstances, this will end up as a placeholder meeting for the ECB in all likelihood. As...
ForexLive Asia-Pacific FX news wrap: Bitcoin stabilised above $63K
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,...
Saudi Arabia raises Arab Light crude price to 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,...
Bank of Japan seen revising down assessment on consumption, output at March meeting
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,...
Powell, Daly, Kashkari, Beige Book all coming up from the Federal Reserve on Wednesday
Powell kicks it all off at 10am US Eastern time (1500 GMT):And then plenty more. 1700 GMT / 1200 US Eastern time: Federal Reserve Bank of San Francisco President Mary Daly speaks before the 2024 National Interagency Community Reinvestment Conference1900 GMT / 1400 US...
Westpac look for a short term dip in USD/JPY
Westpac contemplates "A short-term JPY opportunity amid long-term headwinds?"In summary from the note:A textbook case for a quick USD/JPY reversal seems to be developing. The pair has been spinning its wheels between 150-151 recently, even as the hawkish repricing in...
Reserve Bank of Australia expected to deliver 75bp of rate cuts in 2024
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 wage talks – Toyota will respond to Union on March 13
Wage negotitiaons in Japan continue, with traders and the Bank of Japan looking on for signs of wage hikes that may in turn lead to the BoJ tightening policy. The latest dribble of news is that Toyota did not respond to its union's 2024 wage hike demands at the third...