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,...
Heads up for a US holiday on Monday, January 20 – stock and bond markets closed
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 sets USD/ CNY reference rate for today at 7.1889 (vs. estimate at 7.3275)
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 system that allows the value of the yuan to fluctuate within a certain...
Singapore Non-oil Domestic Exports (NODX) December 2024: +1.7% m/m vs. -1.2% 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,...
Gaza hostage and ceasefire deal officially signed – but still awaits government vote
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 7.3275 – 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...
Chinese economists forecast 2025 economic growth at a minimum of 4.8%
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,...
Trump plans to make cryptocurrency a “National Priority” policy upon his inauguration
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,...
US Treasury Secretary Yellen’s computer was infiltrated by Chinese state-sponsored hackers
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,...
Westpac on the Australia dollar: “The exchange rate and the big pivot”
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,...
TD remains bullish on the USD
TD say the U.S. dollar is expected to maintain a strong performance through the first half of the year, supported by a favorable macroeconomic backdrop. The bank's quantitative and macroeconomic framework remains bullish on the dollar relative to G10 currencies, even...
Forexlive Americas FX news wrap 16 Jan: Feds Waller more dovish. Retail sales solid.
The control group of retail sales came in stronger than expectations at 0.7% vs 0.4% estimate which took some of sting out or the headline figure coming in less than expectation at 0.4% vs 0.6%. The control group data is what flows through to the GDP data each...
Wells Fargo revises Fed rate cut forecast amid labor market resilience
Wells Fargo has adjusted its outlook for Federal Reserve policy, citing stronger-than-expected labor market data in recent months. Analysts at the bank now anticipate two 25-basis-point rate cuts from the Federal Open Market Committee (FOMC) in 2025one in Septemberand...
New Zealand December Manufacturing PMI 45.9 (prior 45.5)
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 down day for the major US indices
It is a down day for the major US indices. The declines were led by the NASDAQ index which felt -0.89%. The Russell 2000 was actually higher on the day. The snapshot of the major indices closing levels shows:Dow industrial average fell -68.42 points or -0.16% 43153.13...
Economic calendar in Asia 17 January 2025 – December and Q4 data due from China
From China today are Q4 GDP and December 2024 economic indicators (retail sales, industrial production and fixed asset investment). In November 2024, China's economic indicators presented a mixed picture:Retail Sales: Increased by 3% year-on-year, a slowdown from...
Trade ideas thread – Friday, 17 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,...
Biden Administration does not plan to take action on TikTok on Sunday
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,...
Sellers are making a play in the USDCHF. Can they keep the momentum going?
THe USDCHF felll sharply after yesterday's US CPI and in the process fell below its 200 hour moving average (green line on the chart below currently at 0.9119). However, the momentum could not be sustained, and a snapback rally ensued with the price moving back to and...
Crude oil settled at $78.68
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,...