There are a couple to take note of on the day, as highlighted in bold.The standout ones are for EUR/USD at the 1.1200-10 levels. There is already key technical resistance holding the pair thereabouts as seen here, so the expiries will add another layer to that. So,...
Post-Fed struggles see the dollar as the laggard in September trading
Here's a snapshot of the month-to-date (MTD) changes among major currencies against the dollar as a benchmark. That and how things have played out after the Fed last week, alongside what other major central banks did during the month.Outside of the yen, the dollar has...
EUR/USD threatens the August high as dollar stays more vulnerable on the week
The greenback fell sharply in trading yesterday, not helped by some softer data out of the US. In case you missed it:These aren't major releases but little by little, it all starts to point to a weaker economic picture in the US. And that sentiment isn't helped when...
Australian Treasurer Chalmers will travel to China this week
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: China cuts one-year funding rate
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,...
Federal Reserve speakers on Wednesday include Governor Kugler
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,...
Bank of England Monetary Policy Committee member Greene speaks on Wednesday
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 – top government economic adviser disappears after crticism of Xi Jinping
Zhu Hengpeng was deputy director of the Institute of Economics at the state-run Chinese Academy of Social Sciences ()CASS). CASS is China's pre-eminent thinktanks. He lost his job and was detained after he allegedly made some remarks in a private group chat on the...
Wall Street Journal Fed watcher Timiraos on sign of a weaker jobs market
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,...
Fed SOMA Manager says markets see 50bp rate cut as good news, not bad
The New York Federal Reserve branch's Roberto Perli is manager of the Fed’s System Open Market Account SOMA). He spoke in a speech on Tuesday, saying that markets are not viewing the FOMC 50bp rate cut as an indication of stress in the economy. Reuters with the...
Australian dollar down few tics after (monthly) headline inflation drops into target band
The data release is here:As I said in that post, the drop in headline inflation is mainly due to combined Commonwealth and State government rebates. Indeed, current RBA forecasts are for a headline CPI rate bounce back above 3% once these subsidies roll off.The rate...
Australian August CPI 2.7% y/y (expected 2.8%)
Australian August CPI 2.7% y/y, lower than expected and under the top end of the Reserve Bank of Australia 2 - 3% target band. Good news. expected 2.8%, prior 3.5%2.7% y/y is the lowest since August of 2021the m/m came in at negative 0.2%Trimmed mean 3.4% y/yexpected...
PBOC sets USD/ CNY reference rate for today at 7.0202 (vs. estimate at 7.0212)
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,...
PBOC 1-year Medium-term Lending Facility (MLF), rate cut to 2% (2.3% previously)
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,...
PBOC is expected to set the USD/CNY reference rate at 7.0212 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
Japan data – August services PPI 2.7% y/y vs. 2.6% 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,...
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Euro Forecast: $1.15 by Mid-2025, ECB Rate Cuts Key
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 hits its highest since February 2023, remains UBS’ ‘most preferred’
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,...
Economists says ‘No’ to China’s blitz of economic stimulus measures, its ‘not enough’!
The People's Bank of China and other authorities in China announced multiple stimulus measures on Tuesday, including:People’s Bank of China to cut its benchmark interest ratePBOC to lower the amount of cash that banks need to hold in reserve (this would free up more...