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,...
Australian Retail Sales for February +0.3% m/m (expected 0.4%, prior +.1%)
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 7.2259 – 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...
New Zealand March business confidence 22.9 (prior 34.7)
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,...
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BOJ ‘Summary’ of the historic March 2024 meeting
The full text is here: Summary of Opinions at the Monetary Policy Meeting on March 18 and 19, 2024This meeting saw the BoJ raise rates for the rest time in 17 years, and from negative for the first time in 8 years. One member said YCC, negative rate, and other massive...
Check out this headline: “Why the Fed Is Delaying Interest-Rate Cuts: Waller”
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,...
Still more from Fed’s Waller: If unemployment goes up no reason to panic
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,...
More Fed’s Waller: The economy has supported the cautious approach by the Federal Reserve
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,...
Waller’s remarks have pumped up the US dollar
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,...
Forexlive Americas FX news wrap: Stocks stay hot, FX stays cool
Markets:S&P 500 up 45 points, or 0.9%Gold up $15 to $2194US 10-year yields down 4.6 bps to 4.19%WTI crude oil up 10-cents to $81.72JPY leads, EUR lagsFX closing moves were small today as the market sorts through quarter-end and waits for some meaningful economic...
Fed’s Waller says may need to hold current rate for longer than expected, no rush to cut
Federal Reserve Board Governor Christopher Waller 'Still no rush' to cutting rates in current economyFed may need to maintain current rate target for longer than expectedNeeds to see more inflation progress before supporting rate cutNeeds at least a couple of months...
New Zealand data – March consumer confidence plunges to 86.4 (prior 94.5)
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,...
SNB Vice President Schlegel says the Bank has no target for the franc (CHF) exchange rate
Schlegel is favoured to take the top spot at the bank when current Chair Jordan leaves in September after a decade in the job.He spoke at an event in in St. Gallen, Switzerland:Swiss National Bank has no target for the franc exchange rate“The National Bank monitors...
US Treas Sec Yellen says not ready to discuss potential US retaliation over China
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 28 March 2024 – where’s Waldo?
New Zealand data will kick off the calendar, followed by a speech from Waller. Adam previewed this here:While on central banks the Bank of Japan 'Summary' of its most recent meeting is due today. More on these under the screenshot. The most recent meeting was an...
Trade ideas thread – Thursday, 28 March, 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,...
Record S&P close fueled by late day buying; Nasdaq trails
The major US stock indices are closing higher helped by a late day buying spree. The S&P closed at a record high (its 21st this year). The small-cap Russell 2000 was the biggest mover after rising 2.13% on the day.Although the S&P index closed at a record high...
GBPUSD under 100hr MA but holding above key support levels
GBPUSD trades above the 100 day MA, but below 200 day MA.The GBPUSD last Friday moved below its 200-day MA (at 1.2590), and the low of a swing area between 1.2594 to 1.26137. That should have led to more selling momentum, but that did not happen. The price recovered...
The last time the Fed’s Waller spoke he put the focus on economic data
The highlight on the economic calendar later is a speech from Fed Governor Chris Waller. He has a hawkish bent, so there is some fear he could be the messenger of a tougher stance on monetary policy.However it's worth a look back to February 22, when he last spoke....