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 Ito says authorities are trying to place a 160 ceiling on USD/JPY
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,...
Expectations for Federal Reserve interest rate cuts in 2024 range from 0 to 125bp
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 2024 Trade Balance is a smaller surplus than in March, and a miss
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,...
Schrodinger’s yen – is it up 300 points or down 150?
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 America still forecasting a December Federal Open Market Committee (FOMC) rate cut
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,...
South Korea fin min vows ‘bold market stabilization measures’ against excessive volatility
South Korean media (Yonhao) with the infoi: Finance Minister Choi Sang-mok vowed Thursday to stay vigilant on uncertainties regarding interest rate decisions by major economies and the Middle East crisis and to take bold market stabilization steps when necessary. Choi...
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BOJ March meeting minutes says Japan’s tightening is different to that in the US and EU
These are the minutes of the meeting helped on March 18 and 19 2024.There has been so much water under the bridge since then, including the April (25 and 26) meeting and two rounds of intervention to prop up the hapless yen. Most recently just a few hours ago:(links...
A whole bunch of Australians are going to get free money on July 1
The money is coming from a politician, of course:Miles is Premier of Australia's Queensland state, which has a population of just over 5mn, which is nearly 20% of Australia's population. This sort of fiscal stimulus is, at the margin, making the Reserve Bank of...
New Zealand Building Permits for March 2024 -0.2% m/m (prior +14.9%)
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 Ministry of Finance have revealed their very weak hand propping up the yen
The BOJ intervened first on a Japanese holiday, that was on Monday this week. And then for a second time just hours ago, during NZ morning. While both times they had an impact, and they'll be gratified, these 2 times are both indications of how weak they, and the...
Bank of Canada’s Rogers says not seeing a high level of stress in the mortgage 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,...
Japan’s Kanda says he has nothing to say about whether Japan intervened in the yen
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 Canada Governor Macklem – cut in rates a signal we are on track to @% inflation
Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appearing before the Standing Senate Committee on Banking, Commerce and the Economy.Earlier:Right after this post the you-know-what hit the fan in the yen, which meant Macklem went...
“Wow, USD/JPY is up nearly 200 points!” (Man seeing tree, not forest)
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,...
Those wide spreads you are seeing in yen crosses are a feature, not a bug
I posted here as the first wave of intervention was hitting on why this is a cheap time of day to do it:If you are unaware of how the forex market works today has been an excellent lesson. Its touted as as a 24 hour market, and it is, but some times of day are...
USD/JPY is cratering, drops under 155.00 in super-thin intervention trade
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,...
USDJPY falls below 100 hour MA and runs lower.
The USDJPY broke below the 100-day moving average and scooted all the way down to the 200-hour moving average at 155.98. The price moved below that moving average on its way to a low price of 155.793 before bouncing back to the upside. Recall from Monday's trade after...
USD/JPY slammed lower
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,...