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,...
Dollar remains pinned down to start the new week
The greenback is the laggard in trading today and is being pushed lower in European morning trade. USD/JPY is the standout as it nudges under the 140.00 mark but it's not the only pair on the move. GBP/USD is up 0.5% to near 1.3200 and AUD/USD also up 0.5% to 0.6740...
Eurozone July trade balance €21.2 billion vs €22.3 billion prior
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,...
USDCHF Technical Analysis – The USD weakens on higher chances of a 50 bps cut
Fundamental OverviewLate Thursday, around 1:00 PM ET, 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...
ECB’s de Guindos: Our projections show inflation will hover around 2% by end of 2025
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,...
Italy August final CPI +1.1% vs +1.1% y/y prelim
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 total sight deposits w.e. 13 September CHF 466.8 bn vs CHF 455.9 bn prior
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,...
Market Outlook for the Week of 16th – 20th September
A busy week lies ahead in terms of economic events, but Monday kicks off slowly with no significant scheduled releases. On Tuesday, the highlight will be the Canadian inflation data, followed by the U.S. retail sales m/m figures. Wednesday brings inflation data from...
Gold Technical Analysis – We finally got the breakout
Fundamental OverviewLast Thursday, we finally got the breakout in gold after a softer than expected US PPI report. That was kind of a strange move but eventually the momentum picked up and we got the rally into new all-time highs. Late Thursday we have also got WSJ’s...
USD/JPY stays heavy to start European morning trade
USD/JPY daily chartThe pair is testing waters last seen back in July last year. The dip below 140.00 today is threatening to firmly take out the low from December last year on the daily chart. And from a psychological perspective, a firm break below 140.00 itself will...
European equities start the day on a slightly softer note
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,...
Switzerland August producer and import prices +0.2% vs 0.0% m/m prior
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 16 September 10am New York cut
There aren't really any to take note of on the day. As such, trading sentiment will rely more on the positioning flows in the run up to the FOMC meeting later in the week. The dollar is under pressure now with yields pinned lower and that will continue to be the key...
Just a couple of light releases on the agenda in the session ahead
It may be a holiday in Japan and China but that hasn't dampened the trading mood to start the week so far. The dollar is pushed lower as we look towards European trading, with USD/JPY in particular testing the 140.00 mark. The low earlier touched 139.94 and marks the...
Major central bank decisions to dominate the agenda in trading this week
This will keep market players on their toes in the days ahead, especially the Fed decision. USD/JPY is on the brink of a break under 140.00 and 2-year Treasury yields might be threatening a fall to its lowest in two years. Meanwhile, gold is surging to fresh record...
USD/JPY drops to its lowest in a year
Japan is on holiday today, but that is irrelevant to yen buyers. USD/JPY to its lowest in 12 months, without fresh news nor data to drive it (none is needed, as I've been saying for a while now):The USD is lower pretty much across the board also. Even AUD, which had...
Gold has hit a new record high, above USD 2588
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: USD slips a little – Trump shots – Weak China data
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 gold is its “Most Preferred” in its global asset allocation
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,...
WSJ opinion piece argues the Fed should cut by a 50bp, not 25
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,...