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,...
GBPUSD Technical Analysis – FOMC and BoE in focus
Fundamental OverviewThe USD continues to consolidate around the highs except against the commodity currencies where it’s been having the upper hand. The US inflation data last week was once again a disappointment although the data that feeds into the Core PCE was...
ECB’s Rehn: The direction of our monetary policy is clear
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 December Ifo business climate index 84.7 vs 85.6 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 – Eyes on the FOMC decision
Fundamental OverviewThe USD continues to consolidate around the highs except against the commodity currencies where it’s been having the upper hand. The US inflation data last week was once again a disappointment although the data that feeds into the Core PCE was...
The bond selling continues ahead of the Fed tomorrow
US Treasury 10-year yields (%) daily chartIt is rather puzzling when you try and quantify the move here with yields rising from 4.15% to 4.42% in just over a week. I mean, we're still caught within the range seen after the US election for now. But as we move closer to...
European indices maintain a more sluggish mood 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,...
Gold Technical Analysis – The rise in real yields is weighing on the market
Fundamental OverviewGold dropped back inside the previous range following some hotter than expected US inflation figures. In the bigger picture, the market’s pricing remains largely unchanged around three rate cuts by the end of 2025 but the rise in real yields is...
UK October ILO unemployment rate 4.3% vs 4.3% 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,...
AUD/USD continues to flirt with key support level since last week
AUD/USD daily chartThe pair is down 0.4% today and erasing the advance from yesterday, moving back to test the August low of 0.6347. We've been here before with the low last week touching 0.6336 but ultimately, the daily and weekly close held. Will it be the same this...
China reportedly to target economic growth of around 5% in 2025
This comes after the meeting among top Chinese officials last week, via its central economic work conference. The economic target will be the same as this year, which China is largely expected to hit after Xi boasted about it earlier this month.Meanwhile, China is...
USD/JPY eyes seven straight days of gains before the Fed tomorrow
USD/JPY daily chartThe pair has been quietly making waves since last week, as it continues the upside run upon breaking is 200-day moving average (blue line). The rally from 150.00 to just above 154.00 now also owes much to a surging rise in Treasury yields. 10-year...
EUR/USD stays pinned down by key near-term levels for now
EUR/USD hourly chartThere's not much appetite for traders to stray away from the prevailing price action to be honest. The euro remains on the softer side as the ECB reaffirms more rate cuts to follow next year. That sees traders pricing in ~89% odds of a rate cut for...
ForexLive Asia-Pacific FX news wrap: Trump trolls Trudeau
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 December 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0525 level. It coincides with the 200-hour moving average currently, also seen at 1.0525. And that has been a key near-term level in terms of limiting price movement...
China must give firm, forceful response to the US ‘blatant interference’ in Taiwan
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,...
Key measure of CEO confidence in China signals pessimism for the first time since pandemic
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,...
Pressure on Canada PM Trudeau to resign intensifies after caucus 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,...
New Zealand is assessing if Vanuatu earthquake tsunami could affect New Zealand
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 capital markets experienced a record net outflow of US$45.7 billion in November
China's capital markets experienced a record net outflow of $45.7 billion in NovemberThe data tracking cross-border investments in stocks and bonds was released by China's foreign exchange regulator (State Administration of Foreign Exchange (SAFE), which is overseen...