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 RBNZ Governor Orr speaking
Reserve Bank of New Zealand Governor Orr is due to speak to Radio NZ this afternoon, 27 March, NZ time. Orr will be discussing:the current state of the economy, the global economic picture, banking regulation Info from the RBZ says that the future direction of...
Bank of America says there is still more demand to come for US dollars
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,...
BlackRock Investment Institute still favors buying US equities, stays tactical overweight
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 Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD
US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USDU.S. dollar displays rangebound behavior ahead of high-impact events on FridayUS PCE data and Powell’s speech on Friday will be key for marketsThinner liquidity conditions are expected later in the week because of a bank...
JP Morgan warn on sticky high inflation
JP Morgan is out with a note, expressing wariness on expectations for continued falls in inflation. JPM say (in brief) that global goods prices disinflation appears to have ended. Forecasts for disinflation to continue are based on beliefs not grounded in the...
Forexlive Americas FX news wrap: Stocks, crude lower. USD gains.
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 stocks going higher: “four key equity market drivers remain largely in place”
UBS' outlook for US equity markets. “Although some sentiment and positioning indicators suggest a modest pullback in the coming months, we continue to believe that the four key equity market drivers remain largely in place: solid growth disinflation Fed pivot...
Australian inflation data due today is likely to show a solid rise
Australian February monthly CPI data is due today. A couple of snippet previews:Westpac is forecasting 3.8% y/y:The Monthly CPI Indicator is anticipated to rise in February, reflecting increased gasoline prices and a potential Taylor Swift effect on travel and...
Private survey of oil inventories shows huge headline crude build vs. draw expected
Oil prices had slumped during the Tuesday US session, and they are extending a little lower after this data. Numbers via Twitter:--Expectations I had seen centred on:Headline crude -1.3mn barrelsDistillates -1.7 mn bblsGasoline +0.5 mn--This data point is from a...
Nasdaq closes on the the lows of the day as chipmakers weigh
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 Wednesday, 27 March 2024 – Australian CPI data
The median consensus expectation is for a slight rise in Australian monthly inflation in February. Inflation is proving to be sticky in many economies, Australia included. The recent run of data in the US, too, shows similar and has resulted in market expectations of...
Trade ideas thread – Wednesday, 27 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,...
Whoever develops artificial general intelligence first wins the whole game
There is a common sentiment that no amount of money spent on chips, servers and human capital is too much. Why? Because the prize is unimaginably large.The race is certainly on and the thinking is that developing artificial general intelligence (AGI) could offer...
Credit Agricole: Prelim month-end fixing model points to moderate USD selling
Credit Agricole's analysis of March's financial market movements, including the rise in global equity markets and the USD's overall strength, indicates a trend towards moderate USD selling at the month-end fixing. The prediction stems from a preliminary examination of...
Late selling hits crude, falls 33-cents on the day
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BofA: Dusting off the CNY playbook; Analyzing currency reactions to Chinese yuan movements
CNY dailyBank of America delves into the sensitivity of different currencies to fluctuations in the Chinese Yuan (CNY), spotlighting three key periods of CNY depreciation in the last decade: the 2015-16 mini-devaluation, the 2018-19 US-China trade tensions, and the...
US sells 5-year notes at 4.235% vs 4.245% WI
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 set to sell a record $67 billion of 5-year notes
Yesterday's US 2-year sale tailed and given the $67 billion size, there is a good risk this one could as well.The last six 5 year auctions have had 3 stop throughs and 3 tails, though the tails were larger at 1.6 bps on average. BMO notes that: The 2s/5s/10s cash...
European equity close: Six days in a row for the DAX
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