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,...
BoA analysts are not expecting much clarity from the FOMC this week
Analysts at Bank of America are not expecting clarity on the Federal Reserve's rate path ahead from the Summary of Economic Projections (SEthat'll be published on Wednesday alongside the rate cut decision.Nor are they expecting much guidance from Federal Reserve Chair...
ICYMI – China quietly slipped out very weak data over the weekend
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,...
Reminder – there is no reference rate setting for the yuan today (CNY) – China on holidays
Both China and Japan are closed today, Monday, September 16, 2024:As a ps. South Korea is closed today also. China will also be closed tomorrow, Tuesday, September 17, 2024. We'll not be getting a USD/ CNY reference rate setting from the People's Bank of China today...
UBS on the data ahead of the FOMC meeting – what could trigger a 50bp interest rate cut
The key us data this week is on Tuesday, with the Federal Open Market Committee (FOMC) announcement following the next day. UBS are eyeing the retail sales and industrial production data, saying that weakness in these could potentially influence the Fe decd to cut its...
UK house price indicator has its biggest September m/m rise since 2016
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,...
New Zealand Services PMI August 2024: 45.5 (prior 45.2)
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,...
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