US retail sales control groupEyes are on the US retail sales report today, and the 'control group' in particular that excludes the volatile components on autos, gasoline and building materials. The consensus is for a +0.3% reading to match the prior month.Going into...
Forexlive European FX news wrap 17 September – German ZEW falls to a 10 month low
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,...
Will the US retail sales later mess up the Fed odds even more?
Last month, July retail sales nudged up by 1.0% and beat estimates here. Ten out of the thirteen categories showed an increase, so that helped. But this time around, the estimate is for headline retail sales to show a 0.2% decline. That said, ex-autos is estimated to...
AUDUSD Technical Analysis – Expectations for a larger Fed cut weigh on the USD
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
FP Markets Wins Treble at The Global Forex Awards
Following recent success at the Finance Magnates Pacific Summit in Australia earlier this month, multi-asset Forex and CFD broker, FP Markets, was presented with three coveted Global Forex Awards at a ceremony held at the La Caleta in Limassol on Thursday 12...
Dollar holds lightly changed on the day
The changes among the day remain light, with dollar pairs all holding within 10 pips change currently. It's just one of those days where even if there are any moves, one shouldn't look too much into it. At this point, it's all about the Fed tomorrow.USD/JPY was a bit...
Gold rally stalls as traders wait on Fed decision
Gold (XAU/USD) hourly chartGold jumped higher in trading last week to fresh record highs but the latest leg is falling just shy of the $2,600 mark. Buyers are still in control but it looks like we might have to wait until the Fed tomorrow before deciding on where to...
GBPUSD Technical Analysis – The pair rallies on larger Fed cut expectations
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
Germany September ZEW survey current conditions -84.5 vs -80.0 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,...
EURUSD Technical Analysis – The greenback suffers from higher 50 bps chances
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
USDJPY Technical Analysis – The USD stays under pressure on a larger cut chance
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
European indices hold higher to start the day
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 17 September 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one is for EUR/USD at the 1.1125 level. It rests at the 38.2/61.8 Fib retracement level of the swing lower since August, so there's that. But if anything else, the expiries could just keep price...
The bond market stays in focus in run up to the Fed tomorrow
US 2-year Treasury yields (%) monthly chartThat is one of the key charts to watch in markets at the moment. 2-year yields remain heavy close to the 3.55% mark but bond players will have to wait for vindication from the Fed tomorrow still. Besides that, 10-year yields...
New Zealand Treasury see more positive data, but no firm sign of a recovery just yet
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 Asia-Pacific FX news wrap: Yen volatility again
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,...
More from Japan Finance Minister Suzuki – analysing the impact of the strengthening 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,...
BlackRock is wary on Chinese equities – measured policy support is not enough
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,...
UBS says a Fed rate cut is ‘long overdue’, but a 50bp cut might be taken as panic
UBS make the case that a Fed rate cut is anticipated, and has been for some time, given the ongoing decline in inflation pressures in the US. However, say analysts at the bank, a reduction of more than 25 basis points appears unlikely. Although the Fed is behind the...
Is the bond market going to strong arm the Fed into a 50bp cut?
Markets are now pricing an above 50% probability (well above) for a 50bp FOMC rate cut on Wednesday. Consider:1. Is the FOMC going to think that if they don't cut by 50bp it'll trigger huge financial market volatility?2. Or is the FOMC behind it all, drip feeding info...