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,...
“Overlooked green shoots” for China – improving growth seen ahead
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 7.1010 – Reuters modelled 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...
Argentina province creates its own currency, the chaco
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,...
Japan July wages data – Inflation adjusted wages +0.4% y/y
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,...
Goldman Sachs NFP preview, say that August payrolls often have a negative bias initially
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,...
Goldman Sachs:”market correction may start to get traction if payrolls are weak on Friday”
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,...
Reserve Bank (RBA) Governor Michele Bullock speaks soon on “The Costs of High Inflation”
I posted earlier in the week on Bullock speaking today. ICYMI, she is speaking twice:At noon local time, Bullock will address The Anika Foundation, Sydney0200 GMT, 2200 US Eastern time (Wednesday evening)At 7 pm Sydney time Bullock will speak in a Fireside Chat...
US President Biden is scheduled to speak on economic policy on Thursday
With the presidential campaign in full swing there will be plenty more of this. Biden to speak at 4pm US Eastern time on Thursday, September 5, 2024. If he is discussing policy plans ahead it'll be in regards to Harris' electioneering. Around 60 days to go until the...
TD see signs of hope for oil price bounce – says peak algo selling appears to have passed
In summary from a note via TD on the crude oil market. TD argue that algorithmic trend-following strategies are unlikely to worsen the current downturn in crude markets, following a recent modest sell-off amounting to -6% of their maximum position size during the last...
“Persistent” inflation in the US is on the rise – argues against a 50bp FOMC Sep rate cut
This tweet from the Wall Street Journal's Fed-watcher Nick Timiraos:While the data is for July (with an upwardly revised June result thrown in) it was published by the Fed on September 3. If you are familiar with this inflation measure, this rise offers another reason...
Forexlive Americas FX news wrap 4 Sep: Concerns about job weakness sends the USD lower
The Bank of Canada cut rates by 25 basis points to 4.25% from 4.5%. That was the odds on favorite but there was some hope for a full 50 bp cut. On the Global economy, the statement said:Global economy grew by approximately 2.5% in Q2.U.S. growth stronger than...
Citi says Brent crude oil could fall as low as $50 / barrel
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,...
Oil: private survey of inventory shows a headline crude oil draw much larger than 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,...
A mix day for US stocks in up and down session
The major US indices are closing the day mixed. The Dow industrial average of 30 stocks closed higher. The broader S&P and NASDAQ indices of closed higher. The final numbers are showing: Dow industrial average rose +38.04 points or 0.09% at 40,974.98S&P index...
Economic calendar in Asia – Reserve Bank of Australia Governor Bullock is speaking, twice
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,...
Trade ideas thread – Thursday, 5 September, insightful charts, technical analysis, ideas
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,...
Dem nominee Harris capital gains tax plan to go to 28% if you make $1M or more
Democratic presidential candidate Harris says if earn more than $1 million, the capital gains tax rate will be 28%. The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income. The higher rate is for those who earn over...
USDJPY moves to a new session low for the day. Looks toward the lows from last 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,...
Could we be on the brink of another breakdown in USD/JPY?
Today's JOLTS report put a 50 basis point Fed cut squarely back on the table, along with the idea that the US won't be able to sustain high rates. That's causing a rethink in the spread for US rates over Japan and has led to a second day of of heavy selling in...