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,...
EUR/USD bounces back on dovish Fed, awaits PMI data later today
Going into the Fed this week, the pair had been threatening key support levels on the chart. The 200-day moving average (blue line) was where buyers drew the line and they were rewarded amid a more dovish take by Fed chair Powell yesterday. That helps to oversee a...
The central bank bonanza continues with the SNB and BOE later today
It was a straightforward reaction to the FOMC meeting yesterday, as the Fed bolstered expectations of a June rate cut. The dot plots still showed 75 bps of rate cuts this year and Powell rounded that off with a more dovish stance overall. As a result, the dollar fell...
Federal Reserve Vice Chair for Supervision Michael Barr speaks on Thursday
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 Asia-Pacific FX news wrap: USD lost more ground
PBOC Deputy Governor expects around 8% nominal economic growth for China in 2024China's State Planner Vice Chairman flags 6 trln yuan available for government investmentPeople's Bank of China dep gov says still more monetary policy roomBank of Japan Governor Ueda says...
PBOC Deputy Governor expects around 8% nominal economic growth for China in 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,...
China’s State Planner Vice Chairman flags 6 trln yuan available for government investment
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,...
People’s Bank of China dep gov says still more monetary policy room
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 massive stimulus had negative side effects
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,...
Swiss National Bank policy decision due Thursday, 21 March 2024 – preview
The Swiss National Bank is, on balance, expected to hold at 1.75% at its meeting today, though there are some analysts thinking the Bank may cut 25bps. Inflation has slowed in the country, economic growth has slowed also. Market pricing is around 30% for a cut today,...
China’s focus on the supply side to drive economic growth is creating problems in Europe
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 7.0942 (vs. estimate at 7.1792 )
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,...
BoJ Governor Ueda says expects to maintain accommodative monetary policy for time being
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 popped on the big beat for Australian February employment data
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 says closely watching FX moves with a high sense of urgency
Japan finance minister Suzuki:won't comment on forex levelssays it's important for currencies to move in a stable manneris closely watching FX moves with a high sense of urgencymakes no comment when asked about currency intervention.On his "No Comment on Currency...
Japan March preliminary PMIs: Manufacturing 48.2 (prior 47.2) Services 54.9 (prior 52.9)
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,...
Australian February unemployment rate 3.7% (vs. 4.0% expected)
That is a huge drop in the unemployment rate, and a huge number of jobs added.The jobless rate has been assisted by the drop in the participation rate, but I wouldn't go sullying the figures too much. Jobs data are volatile, but this is a great set of headlines. The...
PBOC is expected to set the USD/CNY reference rate at 7.1792 – 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...
Japan’s government issues an emergency earthquake warning
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,...
Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100
FORECAST - GOLD, EUR/USD, NASDAQ 100The Fed held borrowing costs unchanged and continued to indicate it would deliver three rate cuts this yearThe dovish policy outlook weighed on the U.S. dollar and yields, boosting gold prices and the Nasdaq 100This article examines...