And that is thanks to Beijing disappointing markets once again with a failure to live up to stimulus announcements. It was the case right after the Golden Week holiday and it was the case again on Friday last week. With the drop today, the CSI 300 index closes down by...
Another light calendar day beckons in Europe today
The US CPI report yesterday here provided some reason for a push and pull in markets but ultimately, the dollar settled higher as it continues its post-election momentum. It's tough to fight that especially with dollar bulls also seeking out key technical breaks on...
Gold eyes fifth straight day of losses, closes in on key technical juncture
Gold (XAU/USD) daily chartThe pullback in gold continues to play out since the post-election period. The precious metal is now down for a fifth straight day in what is already easily its worst weekly showing so far this year. It has more or less been a case of waiting...
USD/JPY enters into the pocket of space, potentially freeing up more gains
USD/JPY daily chartThe dollar continues to push higher in the post-election period and in the case of USD/JPY, that momentum is helped by higher yields as well. The pair has been on a tear since October trading, racing up from 143.00 all the way to touching 156.00...
EUR/USD feels the inevitable pull towards 1.0500 next
There was a bit of a wrestle after the US CPI report yesterday but eventually, the dollar once again reigned supreme. EUR/USD saw a break below the April low of 1.0601 and has now traded down to fresh lows for the year. As the greenback continues to run a rampage, it...
ICYMI: AP has called the House race with Republicans winning the majority
That makes it a congressional red sweep and the question now is just how much of a majority will they command in the House? The latest NYT projections here show Republicans do have the needed 218 seats claimed for a majority. However, there are still 9 seats yet to be...
Bank of Japan Deputy Governor Uchida comments – not on economy, monetary policy, or yen!
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ICYMI – Japan planning US$87 billion extra budget to fund stimulus package
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ForexLive Asia-Pacific FX news wrap: USD pumps higher
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New York Fed’s Williams speaking Thursday – Kugler, Barkin also (Powell too!)
Times below are GBT / US Eastern time:1400 / 0900 Federal Reserve Bank of Richmond President Thomas Barkin speaks on the economy in fireside chat before the Real Estate Roundtable1500 / 1000 Federal Reserve Board Governor Adriana Kugler speaks on "Central Bank...
Australian jobs report recap – “remains in relatively solid health”
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Bank of England Monetary Policy Committee member Mann is speaking again on Thursday
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Another one (big figure) bites the dust – USD/JPY pops above 156.00
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People’s Bank of China has more work to do to support the yuan
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European Central Bank President Lagarde and VP de Guindos speaking Thursday, Schnabel too
0830 GMT / 0330 US Eastern time - Remarks by European Central Bank's vice president Luis de Guindos at 31 Encuentro del Sector Financiero organised by ABC and Deloitte in Madrid, Spain1830 GMT / 1330 US Eastern time - Participation by ECB Board member Isabel Schnabel...
Federal Reserve Chair Powell is speaking on Thursday
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GBP traders heads up – Bank of England Governor Bailey is speaking late Thursday
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EUR/USD hits its lowest in a year
The rising USD continues to ... rise still. EUR/USD is circa 1.0555 and at its lowest since November last year. The Federal Reserve appears to be on track for a December rate cut but its not bothering dollar bulls, taking their cues from the world of politics...
China’s annual production of new energy vehicles surpassed 10 million units on Thursday
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