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,...
Traders rebuff BOE rate cut expectations for November after UK CPI report
That is a step up from ~80% before the inflation data. Looking at the bigger picture, traders are now pricing in ~117 bps of rate cuts up until June 2025. And that is also a modest step up from ~105 bps before the numbers. As a reminder, there are six policy meetings...
GBP/USD runs a test of 1.3000 again on softer UK inflation data
GBP/USD daily chartWith the dollar having rebounded in early October, it is now the pound side of the equation coming into focus for GBP/USD. The pair had retreated back down below 1.3100 since last week but hasn't really found extra incentive to drive towards a test...
UK September CPI +1.7% vs +1.9% y/y 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,...
BOJ’s Adachi says no specific timeline on when to raise rates again
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 largest union group Rengo reportedly eyes wage hike of 5% or more 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,...
China reaffirms it will not renounce the use of force over Taiwan
Chen Binhua, the spokesperson for China's Taiwan Affairs Office said that:"We are willing to strive for the prospect of peaceful reunification with the utmost sincerity and endeavour. But we will never commit ourselves to renouncing the use of force."He does go on to...
ForexLive Asia-Pacific FX news wrap: NZD (CPI) & AUD drop, bounced back
We had Q3 CPI data from New Zealand today, showing that its inflation rate dropped back into the Reserve Bank of New Zealand’s target band for the first time since early 2021. The CPI is also encouraging for the central bank as it came in slightly below their most...
Bitcoin Price Predictions Surging for 2024 Election Year
Standard Chartered has released a report predicting a potential rise in bitcoin's value, could approach its previous high of $73,800 in the lead-up to the U.S. presidential election.A few crypto outlets cite the report.First: Several key factors are driving this...
AI adoption in trading applications is accelerating
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,...
ECB Board member Claudia Buch speaking Wednesday
The European Central Bank meeting is on Thursday, October 17, 2024, so i don't expect anything on the economy or policy from this. 1020 GMT/0620 US Eastern time - Speech by ECB Board member Claudia Buch during a lecture at Bocconi UniversityBuch is Chair of the ECB...
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RBNZ’s own preferred inflation model 3.4% y/y for Q3 2024 (prior 3.6%)
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,...
JPY strengthened a little on comments from BOJ board member Adachi
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,...
BOJ’s Adachi says conditions are already in place to start normalising policy
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 7.1191 (vs. estimate at 7.1208)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
ICYMI – Fed’s Bostic says he sees only one more 25bp FOMC rate cut this year
Atlanta Federal Reserve President Raphael Bostic spoke earlier, headline comments here:In that post you'll note he sees another 25bp cut this year and that's all.He was speaking on his updated projections for last month's Federal Open Market Committee (FOMC)...
China President Xi only has 2 objectives: Bail out local govt debt, prop up stock 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,...
Westpac continue to expect no cash rate cut from the Reserve Bank of Australia this year
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 7.1208 – 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...