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,...
WH Brainard: Work to bring costs down are ongoing
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,...
US stocks in premarket trading are higher led by the NASDAQ index
The major US stock indices are trading higher in premarket trading, but off the highest levels.Dow Industrial Average averages is virtually unchanged with a small gain of 12 pointsS&P index is implying gain of 33 points or 0.66%NASDAQ futures are implying a gain...
Kickstart the FX trading day for April 26 w/ a technical look at EURUSD, USDJPY and GBPUSD
The US core PCE data came out a little more tame than what was probably feared by the market. US yields are below are a bit lower. The premarket US stocks are still higher but off their highest levels. The US dollar has seen fluctuations up and down.In this video I...
US PCE Data Beats Expectations – Price Pressures Delay Rate Cut Plans
PCE Price Index Beats Expectations, Delaying Fed CutsHeadline PCE for March beat expectations of 2.6%, coming in higher at 2.7% while core PCE also surprised to the upside, printing in line with the 2.8% number witnessed for February but rising above consensus...
Weekly Market Recap (22-26 April)
The PBoC left the LPR rates unchanged as expected:1-year LPR 3.45%.5-year LPR 3.95%.PBoCThe SNB raised the minimum Reserve Requirement Ratio (RRR) from 2.5% to 4.0% with the change going into effect from 1 July 2024:"Liabilities arising from cancellable customer...
US March PCE core inflation 2.8% YoY versus 2.7% expected
Prior 2.8% (unrevised to 2.8%)PCE Core YoY 2.8% vs 2.7% estimatePCE Core MoM 0.3% vs 0.3% estimate. Prior MoM +0.3% unrevised to 0.3%Headline PCE 2.7% vs 2.6% estimateHeadline MoM PCE 0.3% vs 0.3% expectedFor the full report CLICK HEREConsumer spending and consumer...
ForexLive European FX news wrap: Japanese yen volatility ramps up after Ueda presser
Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.8%US 10-year yields down 1.4 bps to 4.692%Gold up 0.5% to $2,344.29WTI crude up 0.4% to $84.09Bitcoin down 0.5% to $64,185It was all about the Japanese yen during the...
SNB says climate change is a matter for politics, not central banks
SNB chairman, Thomas Jordan, says that they do take climate change very seriously but notes that:"We should not give the impression that we can solve all the problems of the world with monetary policy."He also adds that the central bank takes into account all risks...
USD/JPY returns to the highs for the day after flash in the pan drop
USD/JPY 5-minute chartIf anything else, it shows that:1) The drop earlier wasn't likely any intervention check or otherwise from Tokyo. I mean, the timing of the move was already suspect as mentioned at the time. And that is arguably the giveaway now after the fact....
Equities hold the optimism, counting down to US data later
The Japanese yen might have stolen the focus during the session but it's time to forget about that for a while. The US PCE price data is coming up later and that will be an important release to watch. It is the Fed's preferred measure of inflation after all. And...
USDCAD Technical Analysis – Getting close to a key support zone
USDThe Fed left interest rates unchanged as expected at the last meeting 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...
Japanese yen surge being very quickly faded
The volatility swing is in full action for the Japanese yen right now. USD/JPY saw a very quick drop from around 156.60 to 155.00 before being just as quickly bought back up now to 156.10-20 levels.It's not immediately clear if this was a first check by Japanese...
USD/JPY hits the skids in fall to 155.00
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,...
SNB’s Jordan says central bank has been successful in fighting inflation
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,...
Eurozone March M3 money supply +0.9% vs +0.6% y/y 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,...
Japanese Yen Slumps to Fresh Multi-Decade Lows, USD/JPY Eyes US PCE Report
Japanese Yen Prices, Charts, and AnalysisTokyo inflation fell sharply in April, adding to the BoJ’s problems.Japanese Yen weakness is seen across the board, when will the BoJ step in? Recommended by Nick Cawley Get Your Free JPY Forecast Get My Guide The Japanese Yen...
AUD/USD hopes to keep technical break higher ahead of US PCE price data later
It's a case of data mismatch for the aussie and the greenback this week. The former saw stickier inflation numbers here while the latter saw softer PMI numbers here. That was enough to close the gap on the divergent outlook between the RBA and Fed. In turn, it helped...
Alphabet Easily Beat Earnings Predictions But Focus Shifts to Today’s PCE Data
Microsoft and Alphabet’s earnings reports beat expectations pushing the NASDAQ to the top of the charts. The Bank of Japan keep interest rates unchanged applying pressure on the Japanese Yen. The Yen Index declines 0.36% and is down 40% against the USD over the past 5...
BOJ governor Ueda: Underlying inflation has been gradually rising
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,...