USDThe Fed left interest rates unchanged as expected with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower.Fed Chair...
FX option expiries for 22 March 10am New York cut
There are a couple to take note of for the day ahead, as highlighted in bold.The first ones are for EUR/USD, which are layered from 1.0825 to 1.0850. Those expiries are likely to keep price action more compact in the session ahead, as traders also contest the key...
BOE governor Bailey reaffirms that rate cuts this year is not unreasonable
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,...
UK retail sales, German Ifo business survey on the agenda today
The dollar is proving that its post-Fed slump was merely a blip, as it runs higher now on the week. The greenback has erased its declines after the FOMC meeting and then some now, posing some key technical questions here. That will be an important detail to pay...
Dollar resilience draws in a couple of key technical questions
The market reaction to the post-Fed reaction seems to be "oops, we might have overreacted". The dollar stormed back in trading yesterday and has completely erased the drop on Wednesday. What's more is that the greenback is now threatening some key technical levels on...
ForexLive Asia-Pacific FX news wrap: USD extended its 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,...
Japan Finance Minister Suzuki: Continues to watch FX moves with high sense of urgency
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,...
Federal Reserve Chair Powell headlines Fed speakers Friday, also Jefferson, Barr, Bostic
0900 US Eastern time / 1300 GMT: Powell gives welcome remarks before a "Fed Listens" event to hear perspectives on current economic conditions and how the pandemic experience has reshaped the economy and the workforce1000 US Eastern time / 1400 GMT: Federal Reserve...
USD has extended its gains during Asia, yen fighting back a little
The USD has added to its gains across the board here in Asia trade. Most notably against the Chinese yuan, prompting intervention to stem its rise and propr up the CNY:Even that isn't helping the yuan a lot. Elsewhere the USD is up widely. AUD/USD is under 0.6540,...
China state banks seen buying yuan in onshore FX 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,...
Bank of Japan Governor Ueda says BOJ JGB holdings will remain at current levels for now
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,...
⏰️전국민! 선착순 무료니까~ 빨리 받아가세요! 산림청
https://www.youtube.com/watch?v=Mrxs6yoCSyM 산림청에서 전국민에게 무료로! 56만 그루의 유실수와 꽃나무 등을 나눠주는 행사가 있어서 소개해 드리려고 합니다. 이미지 링크😊 https://blog.naver.com/westerno/223390838395 #전국민 #선착순 #산림청 MoneyMaker FX EA Trading...
ECB chief economist Philip Lane is speaking on inflation and monetary policy on Friday
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,...
Fitch Ratings says Australian mortgage arrears at highest since the pandemic began
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 sets USD/ CNY reference rate for today at 7.1004 (vs. estimate at 7.2147 )
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 finance minister Suzuki verbal intervention again
Japan finance minister Suzuki with light intervention comments, really light on stuff. This isn't going to scare anyone: BOJ’s decision to change policy could squeeze policy expendituresWon't comment on forex levelsImportant foe forex rates to move stable reflecting...
Vitol is seeing increased demand for oil from shipping and also from aviation
A couple of pieces with remarks from Vitol. Vitol is the world's biggest independent oil trader.CEO Russell Hardy said that the shipping sector is consuming an additional 100,000 barrels of fuel per day to sail longer distances to avoid crossing the Red Sea:total...
PBOC is expected to set the USD/CNY reference rate at 7.2147 – 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...
UK data – GfK Consumer Confidence for March -21 (vs. expected -19 & prior -21)
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 February headline CPI 2.8% vs. 2.2% in January
The ex- food and energy, known as the 'core-core' rate, and closest to US core inflation, remains firmly above 3%, much higher than the Bank of Japan 2% target. The overall, headline, rate is similarly above target at 2.8%USD/JPY is sitting basically on its post-BOJ...