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 7.2267 – 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...
Bank of Japan January meeting minutes – rising likelihood of hitting inflation target
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,...
USD/JPY (not quite) round trip after Kanda’s threatening (intervention) comments
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 Kanda says closely watching FX moves with high sense of urgency
USD/JPY has lost a few bids on the remarks from Kanda.Kanda's comments are more forceful than what we have been hearing last week, mentioning speculation, taking steps ... Have been closely watching fx moves with high sense of urgencyWill take appropriate steps to...
Financial Times reports that China blocks use of Intel & AMD chips in government computers
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,...
Post-Bostic headline: “Why a Fed rate cut in June is not yet a done deal”
ICYMI, Bostic spoke late on Friday, after RTH:Its not like Bostic is an outlier with this view, his FOMC colleague Kashkari has been forthright also:That link is to comments from Federal Reserve Bank of Minneapolis President Neel Kashkari speaking in an interview with...
China’s Finance Minister said will allocate more fiscal resources
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 on China’s Premier Li weekend comments – “room for further macro policy steps”
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,...
France has raised its terror alert to its highest level
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,...
China’s Li: low inflation, low central government debt means ample room for macro policy
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,...
ICYMI: Late Friday Fed’s Bostic shifted his 2024 forecast to only 1 rate cut 2024 (from 2)
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,...
Trade ideas thread – Monday, 25 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,...
Economic calendar in AsiaMonday, 25 March 2024
We have minutes of a Bank of Japan meeting due today. These are for the meeting on January 22 and 23. That was a nothing meeting, but in hindsight was the one before the historic changes made at the March meeting (the first BOJ interest rate rise in 17 years and the...
Monday morning open levels – indicative forex prices – 25 March 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,...
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Gold Whipsaws and Signals a Potential Momentum ShiftThe precious metal rose phenomenally in the wake of the FOMC meeting and updated summary if economic projections. The US dollar acted as the release valve for all the hawkish sentiment that had been priced into the...
Bitcoin fails to sustain breakout, traders brace for potential support retest
BTCUSD 4 hourly chart shows a failed breakoutBitcoin's recent price action on the 4-hour chart presents a fascinating narrative of a failed breakout, highlighting the constant battle between bulls and bears in the cryptocurrency market. Here's an in-depth look at the...
Reddit stock IPO technical analysis: Bears take control after initial optimism
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,...
Week Ahead Preview – highlights include US PCE, Aus CPI, Riksbank
MON: US Building Permits (Feb), UK GDP (Q4).TUE: US Durable Goods (Feb), US Richmond Fed (Mar).WED: Riksbank Announcement (MPR), SARB Policy Decision; Australian CPI (Feb), Spanish Flash CPI (Mar), EZ Sentiment Survey (Mar).THU: BoJ SOO (Mar), Scandinavian Holiday...
Weekly Market Outlook (25-29 March)
UPCOMING EVENTS:Tuesday: US Durable Goods Orders, US Consumer Confidence.Wednesday: Australia Monthly CPI, Fed’s Waller.Thursday: BoJ Summary of Opinions, Australia Retail Sales, Canada GDP, US Final Q4 GDP, US Jobless Claims.Friday: US Good Friday Holiday, Japan Jobs...