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...
USD extending its losses in Asia morning trade, EUR/USD to a one week high
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 trade balance -379bn yen (vs. -810bn yen 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,...
Hong Kong’s central bank follows the Fed, leaves base rate unchanged at 5.75%, es expected
The Hong Kong Monetary Authority is Hong Kong's central bank.The HKD trades in a band linked to the US dollar prescribed by the HKMA. You can see the limits of the band in the chart below.The Hong Kong Monetary Authority (HKMA) often adjusts its interest rates in line...
Japan Reuters Tankan for March shows solid improvement for Manufacturing and Services
The monthly Reuters Tankan survey, a guide to the Bank of Japan's quarterly tankan survey, due on April 1.Confidence at big Japanese companies rebounded to a three-month high in Marchmanufacturers' sentiment index stood at plus 10 in March, versus minus 1 in the...
Fed ‘insider’ Timiraos says Fed’s outlook has not changed since December: 3 cuts in ’24
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,...
Gold price surging higher in thin trade
Gold was a beneficiary of the FOMC and Powell today, adding to its recent gains. And those have extended.This is a very thin liquidity time of day for pretty much everything, gold included. Which doesn't take away from this surge, not at all. The metal is benefitting...
Goldman Sachs have 3 three takeaways from Powell’s press conference
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 March preliminary PMIs show manufacturing lower on the month & services higher
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,...
New Zealand Q4 2023 GDP -0.1% q/q (vs. +0.1% 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,...
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ICYMI: European Central Bank President Lagarde emphasizes again decisions data dependent
Justin had the headlines from Lagarde:In a nutshell Lagarde was barely wavering on a June rate cut, saying that the data flow ahead means “we will know a bit more by April, and a lot more by June”. Lagarde didn't firmly commit, of course, but went a little soft with...
FOMC June rate cut probability back up to around 70%
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,...
Record closes for the Dow, S&P, and NASDAQ indices
US major indices are all closing at record levels as investors cheer the FOMC rate decision and comments from Fed Chair Powell. Although the chair was not overly committed to timing for interest rate cuts, he did reiterate that the high in rates was likely in place....
USD/JPY has recovered half of its FOMC losses … yen doesn’t have a lot going for it
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: Dots continue to show 75 bps in cuts this year, risk pops
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 Asia 21 March 2024: New Zealand GDP, Australian jobs report
more to comeWe had the RBA meeting this week, the Bank moved a little bit more dovish:The Australian jobs report will be eyed by the RBA, and they'll have noticed the quick move higher in the unemployment rate in recent months. Its up 0.5% since September of last...
Trade ideas thread – Thursday, 21 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,...
What did the volatility from the FOMC decision do to the technicals in the USDJPY?
The USDJPY stalled at some key levels at the highs today, and on the run lower after the 40 rate decision and comments from that that is press conference held some pretty key support against old highs from 2024 and a key retracement level. It keeps the buyers and...