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 data – March housing finance higher: Home loans +2.8% m/m (expected +1.0%)
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 Korea Gov Rhee says US Treasury shared view that recent won weakness was temporary
Let me pop up what Rhee said and then why I think the 'temporary' comment is critical (for the Bank of Japan, not jus the Bank of Korea): Closely watching fx volatilityInevitable to raise GDP forecastUS Treasury shared view that recent won weakness was...
Here is what to watch for an extreme surprise in Friday’s US jobs report (NFP) (AND PMI)
It's a big day for data from the US on Friday, interest centring on the nonfarm payroll numbers (8.30 am US Eastern time, 1230 GMT), followed soon after by the ISM Services PMI (10 am/1400):Taking a look at the range of expectations compared to the median consensus...
RBA meeting next week – preview – Cash rate to remain unchanged
The Reserve Bank of Australia meet on May 6 and 7. They are almost unanimously (1 of the 37 economists polled expects a hike) expected to leave the cash rate unchanged at 4.35%.the statement is due at 2.30 pm Sydney time, which is 0430 GMT and 0030 US Eastern...
USD/JPY under and over 153.00
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,...
Reminder – Japanese and Chinese markets are closed for a holiday today
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,...
Morgan Stanley warn of a falling GBP, citing Fed – BoE policy divergence risk
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,...
HSBC cuts their Fed forecast to 25bp this year, from 75bp previously
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 April Services PMI (Final) 53.6 (prior 54.4)
Judo Bank S&P Global PMI Final for April 2024Services 53.6preliminary was 54.2, prior was 54.4Composite 53.0preliminary was 53.6, prior was 53.3Still solidly in expansion for both. Not so for the other PMI released earlier this week:-From the services PMI report,...
ICYMI – BOJ data suggests significant additional yen-buying intervention this week
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’s Stournaras says three rate cuts this year is probable
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,...
Q1 gold demand strong, driven by 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,...
Goldman Sachs says its ‘base case’ gold forecast is USD 2700 by the end of 2024
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,...
JP Morgan is looking for OPEC+ to extend its output cuts into H2 of 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,...
ECB’s Lane on what it’ll take for the Bank to dial back high 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,...
Here’s a forecast for USD/JPY to 165 ICYMI
Bloomberg conduct survey's of FX forecasts, and it ranks the most accurate analysts. For yen projections, the top spot for Q1 was held by Alvin Tan, head of Asia FX strategy at RBC Capital Markets.Bloomberg report on his outlook, which is a risk of USD/JPY hitting...
Apple EPS $1.53 versus $1.50 exp. Revenues $90.75 billion versus 90.01 billion exp
Earnings Expectations:Earnings per share (EPS): $1.53 vs $1.50 expectations. BEATRevenue: $90.75 vs $90.01 billion expectations: BEATPerformance by Business Unit:iPhone revenue: $45.96 billion versus $46.00 billion expectationsMac revenue: $7.45 billion versus $6.86...
Jack Dorsey’s Block says it will buy bitcoin every month with 10% of its gross profit
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’s Lane says the Bank is not pre-committing to a particular rate path – data dependent
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,...