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...
Singapore’s economy grew 4% in 2024, surging ahead of 2023’s +1.3%
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,...
USD/JPY above 157.70 in thin liquidity trade
Japanese markets are closed today and tomorrow (Thursday and Friday). There is no fresh news nor data out of Japan, but USD/JPY has moved a little higher, back above 157.70.Meanwhile, on Globex, S&P 500 futures opened with a gap higher after the Wednesday holiday...
Tokyo Stock Exchange/Japan bond market holiday on Thursday, January 2, 2025
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,...
South Korea exports accelerated in December – “Grows on Demand From China” cited
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,...
Australia final manufacturing PMI, December 2024: 47.8 (prior 49.4)
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,...
Asian market holidays on Thursday, January 2, 2025
Markets in New Zealand are closed for the 'Day after New Year' holiday today, Thursday, January 2, 2025. What a great idea for another holiday!Meanwhile, Australia, Singapore, Hong Kong, Japan, China will all be on today, although much of the wholesale market won;t...
A Tesla Cybertruck exploded outside Trump International Hotel Las Vegas
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,...
European Central Bank President Lagarde says hopes inflation hits 2% in 2025
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,...
Economic calendar in Asia – Thursday, January 2, 2025 – China manufacturing PMI
Earlier this week we had the official PMIs from China for December:The manufacturing PMI disappointed, but non-manufacturing jumped solidly higher:Today we get the second of China's monthly manufacturing PMIs, from Caixin/S&P Global, due at 0145 GMT, which is 2045...
Trade ideas thread – Thursday, 2 January, 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,...
Thursday (Asia) morning open levels – indicative forex prices – 02 January 2025
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX year!Market liquidity is very thin. It'll it improves as Asian centres come online ... prices are liable to swing around, so take care out there. Of course, its even...
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New Orleans shaken by deadly car attack: Dozens killed and injured
A devastating attack in New OrleansA horrific act of violence has shaken the heart of New Orleans, leaving a trail of unimaginable grief and sorrow. A man deliberately drove his car into a crowd, transforming a scene of normalcy into one of chaos and terror. At least...
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The year is over: 2024 forex closing levels and annual percentage changes
Happy New YearWelcome to 2025!The clock has turned on the foreign exchange market and we're onto the new charts. Here are the final closing levels for 2024 for the major pairsEuro: 1.0354 Japanese Yen: 157.21 British Pound: 1.2524 Swiss Franc: 0.9072 Canadian Dollar:...
The Nasdaq finished the year up 28.6%. How does that compare to history?
It was a great year for the bulls as every dip was bought. It was a tougher scenario globally but the US market was a big winner.On the day:S&P 500 -0.4%Nasdaq -0.9%DJIA -0.1%Russell 2000 +0.1%Toronto TSX Comp +0.4%On the month:S&P 500 -2.5%Nasdaq +0.5%DJIA...
An unlikely pair made the two worst-performing major currencies
NZDJPY daily chart in 2024The New Zealand dollar and Japanese yen are the two-worst performing major currencies of 2024. That's an odd occurrence as they often find themselves on the opposite sides of the spectrum as a traditional high yielder (NZD) and low yielder...
US dollar looks to finish 2024 with a flourish
The strength of the US dollar was the story of the year in the forex market once again in 2024 and it's finishing strong today.The dollar slumped late in 2023 as the market saw rate cuts but they didn't start until late in 2024 and now some analysts think they're...
Five scenarios to ponder for 2025
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,...