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Bitcoin price prediction based on our AI
Bitcoin Futures Analysis: AI-Powered Insights for Investors and TradersBitcoin futures continue to attract significant attention as traders navigate key levels and market shifts. In this report, we bring you our AI-driven analysis, propietary to ForexLive.com, based...
FBS Explores the Rise of Altcoins in 2024 Cryptocurrency Markets
FBS, a leading global broker, highlights the resurgence of alt-season, a phase in the cryptocurrency market characterized by the growing prominence of altcoins.The 2024 alt-season reflects evolving trends in blockchain innovation, with projects like Fetch.ai...
Gold Technical Analysis – It’s an important day for gold bulls
Fundamental OverviewGold broke out of the consolidation and rallied into an important resistance around the 2700 level. In the bigger picture, the trend remains bullish amid the Fed’s easing cycle, but the short-term corrections will likely be triggered by the...
RBA’s Hauser: Direct impact of any US tariffs on Australia likely to be limited
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,...
AUD/USD tests the August low as China considers letting the yuan depreciate further
AUD/USD daily chartThe low earlier briefly touched 0.6340, which was the lowest the pair has traded since November 2023. For now, the August low of 0.6347 remains the key support point on the daily/weekly chart. If that breaks, it will put into focus the October 2023...
China is considering to allow the yuan to weaken next year as trade risks loom – report
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 CPI the main event on the agenda for today
Inflation data is the main focus for today and it don't come any bigger than one before the Fed meets. That especially with questions surrounding a potential need to pause for the central bank.All that being said, it's a tall order to shift the prevailing market...
German chancellor Scholz set to put in request for confidence vote later today
Scholz is widely expected to lose the vote, after having seen his coalition collapse in November. For some context, his government does not command a majority already. The vote is all but a formality to tee up fresh federal elections in Germany. That will happen once...
ForexLive Asia-Pacific FX news wrap: Japan ‘wholesale’ inflation highest in 16 months
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,...
There are some expectations (minority) of policy change from the MAS in January
The MAS Survey of Professional Forecasters provides a summary of forecasts of Singapore's key economic indicators by economists and analysts. The survey is conducted quarterly following the release of economic data for the previous quarter by the Ministry of Trade and...
Intervention – Indian central bank likely selling US dollars to limit rupee depreciation
The central bank of India is the Reserve Bank of India (RBI) - supporting the local currency according to trader reports. INR had been one of many currencies dropping against the rampant US dollar. The rupee hit its lifetime low of 84.86 per dollar in early trading....
Taiwan says they will take necessary defence measures re Chinese military activities
China's Taiwan Affairs Office, asked about ongoing Chinese military activities around Taiwan:China's Taiwan Affairs Office stated that they will take necessary measures to resolutely defend the country's sovereignty and territorial integrity and safeguard the peace...
South Korean police raiding Presidential office re coup
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,...
Reports Japan is considering a 4% corporate tax surcharge – to go toward defence spending
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 November CPI data due Wednesday, ranges of estimates (& why they’re crucial to know)
Later today, Wednesday, 11 December, we get the US consumer inflation data for November 2024 due at 1330 GMT, which is 0830 US Eastern timePreview posts are here:This snapshot from the ForexLive economic data calendar, access it here.Taking a look at the range of...
HSBC expects EUR/CHF to rise to 0.95 (end 2025 view!)
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 PPI inflation data recap – persistent rise keeps focus on BoJ rate hike speculation
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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PBOC sets USD/ CNY mid-point today at 7.1843 (vs. estimate at 7.2379)
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,...