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 previews – what to focus on
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,...
UK data – RICS House Price balance -5 in April vs. -2 expected and -5 in March
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’s Kanda says has no comments on intervention
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,...
Deutsche Bank noting a ‘unique event’ coming up from the ECB and Fed – EUR implications?
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,...
Brazil’s central bank cuts its rate by 25bp
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 meet today. Bank rate to be left unchanged at 5.25% … what to focus on
A note from UBS previewing the BoE Monetary Policy Committee's (MPC) decision today, Thursday, 9 May 2024.In brief:Bank of England to leave the Bank Rate unchanged at 5.25%Focus likely to be on 1. any signals on the timing of the first rate cut2. updated macroeconomic...
Forexlive Americas FX news wrap 8 May
For the 2nd day in a row, there was minimal economic data. Just final wholesale inventory data for the month of March was on the economic calendar. It fell -0.4% unchanged from the preliminary report and erased a 0.4% gain.There was some Fedspeak from Fed's Collins...
A TV show in Japan says the Bank of Japan intervened in USD/JPY twice last week.
TV Tokyo had the report, citing unnamed Japanese government officials. If this comes as news to you ... well, make sure you tune in to forexlive.com a little more regularly. As for the TV report, I get it. Folks sitting at home on the couch are not in tune with global...
US stocks mixed. S&P ends the day unchange in a dead heat
The Kentucky Derby was run over the weekend, and to the naked eye seemed to be a dead heat with 3 horses hitting the finish line at the same time. When the photo finish was shown, Mystic Dan nosed out Sierra Leon and the Japanese horse Forever Young (who traveled the...
Goldman Sachs oil price forecasts show Brent to average US$82 / barrel through 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, 9 May 2024 – BOJ Summary, Chinese trade data
The Summary of Opinions from the Bank of Japan today is for the April 25-26 meeting:The Bank of Japan (BOJ) releases a "Summary of Opinions" after each monetary policy meeting. It serves as a record of the discussion and views of the Policy Board members on various...
Trade ideas thread – Thursday, 9 May, 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,...
What is the technical roadmap for the GBPUSD through the BOE interest rate decision.
The BOE rate decision will announced at 7:00 AM. No change is expected. However, it is in the nuances of the statement and comments that will drive the roadmap for traders - either bullish or bearish.To understand that, it is important to understand where the...
USDJPY buyers are keeping control at least in the short and medium term. Stay above 155.00
As we head toward the end of trading on May 8 and look toward the beginning of trading on May 9, the USDJPY is keeping its buyers more in control. For buyers looking for more upside the 200-hour moving average at 155.45, and the 38.2% retracement of the move lower...
Crude oil settles at $78.99
The price of crude oil is settling the day at $78.99. That is up $0.61 or 0.78%. The price is settling near the high for the day at $79.11. The low for the day came in at $76.92. For the 4th day in a row, the price toyed with the 100-day MA but settled above the MA at...
Are mortage rates what are making consumers so miserable?
This Friday we will get another edition of the University of Michigan's report on US consumer sentiment. The consensus at the moment is for a dip to 76.0 from 77.2.But when you zoom out on the survey, it sure doesn't look like an economy with a strong stock market and...
Fed’s Cook: Households remain resilient but watching rising delinquency rates
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,...
Treasury yields rise after US 10-year auction. Chart consolidates
US 10 year yieldsWhere do 10-year yields belong?In the past year, they've traded from 3.7% to 5.0% as the market struggles with questions about future inflation and interest rates. The mid-point of that range is 4.35%, which is a tad below the 4.49% currently.Yields...
US treasury auctions off 10-year yields at high yield at 4.483
High Yield: vs six-auction average 4.276%WI level at the time of the Auction 4.473%Tail: 1.0 bps vs six-auction average 0.9 basis pointsBid-to-Cover Ratio: 2.49X vs six-auction average 2.49xDealers: 15.73% vs six-auction average 16.9%Directs (a measure of domestic...