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 admin is considering further sanctions on some Russian oil exports
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 Q4 Business Outlook Survey presents a mixed bag of results
Japan's latest Business Outlook Survey, for Q4 2024, has been published. The TL;DR is:Large corporations continue to see modest positive sentiment, but the outlook is gradually softening. Small corporations remain under pressure, with persistent pessimism and labor...
ANZ recommends selling AUD/CAD, targeting 0.86
This comes via eFX. ANZ recommends selling AUD/CAD, expecting the pair to weaken due to AUD's greater sensitivity to risk sentiment and trade dislocations, while the negative CAD narrative is already priced in.Key Points:AUD Weakness:Trade Risks: Ongoing US-China...
PBOC is expected to set the USD/CNY reference rate at 7.2379 – 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...
ADB leaves China economic growth forecasts unchanged at 4.8% (2024) and 4.5% (2025)
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 November PPI +0.3% m/m (expected +0.2%) and +3.7% y/y (expected +3.4%)
Japan Producer Prices, also known as Corporate Goods Price Index for November 2024. more to come ---The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI)its a measure of the average change over time in the selling prices...
Goldman Sachs look for US$3000 gold – lower rates, central bank and investor buying cited
Goldman Sachs says the dip for gold was just a blip, its going higher. GS cite:easing monetary policycentral bank buyinginvestor buyingMore:“Since 2022, gold prices have surged 40% even as US interest rates were climbing ... That is very strange. Typically, higher...
Reuters Tankan – Japan manufacturing sentiment negative for the first time in 10 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,...
Trump’s Bessent says Fed’s “Jay Powell will serve out his term”
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,...
Citigroup forecasts for the S&P 500: Base case of 6500. Bull case 6900. Bear case 5100.
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,...
Forecast for an RBA interest rate cut in Q1 2025 “at the earliest”
The Reserve Bank of Australia left its cash rate unchanged yesterday at 4.35%, its highest in 13 years:Reserve Bank of Australia Governor Bullock spoke extensively at her press conference following the Statement, links here:ING have assessed what we got from the Bank...
AUD expected to show recovery vs. NZD
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,...
Kiwi Manufacturers Decline in Sales Volume in Q3 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,...
Oil – private survey of inventory shows headline crude oil build vs. draw expected
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,...
Forexlive Americas FX news wrap: USD/JPY rallies for a second day, AUD struggles after RBA
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, December 11 – expected to be higher than in October
In October 2024, the U.S. Consumer Price Index (CPI) increased by 0.2% from the previous month, marking the fourth consecutive month with this rate of growth. On an annual basis, the CPI rose by 2.6%, up from 2.4% in September.The core CPI, which excludes volatile...
Down day for the major US indices today
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 preview: The storm clouds are gathering in the Canadian economy
There is no reason for the Bank of Canada overnight target rate to be at 3.75% any longer.The economy is sliding and unemployment has risen to 6.8% from a low of 4.8%. The housing market is slumping in much of the country and population growth is slated to go into...
Economic calendar in Asia Wednesday, December 11, 2024 – Japan data, RBA speaker
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,...