New Zealand Inflation Forecast for Q4 2024:2 yrs 2.12%, jumping from the previous quarterprior 2.03%1 yr 2.05%, contrasts with a drop from the previous quarter surveyprior 2.4%NZD/USD hasn't really moved on the data. The RBNZ is expected to cut its cash rate again at...
EUR/USD forecast: Trump policies likely to be watered down, USD won’t sustain its strength
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 to counter 60% Trump tariffs with massive incentives to Europe, Asia
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 7.1786 (vs. estimate at 7.1813)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
Morgan Stanley on the Impact of Trump’s Tariffs, Immigration, and Fiscal policies
Morgan Stanley categorizes the Trump administration's macroeconomic policies into three main areas: tariffs, immigration, and fiscal measures. The report anticipates that tariff policies will be among the first to be implemented. MS model an immediate imposition of...
“BOJ divided on rate hike timing” – USD/JPY pops a little higher on the session
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 7.1813 – 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...
ICYMI – ECB Council Member Urges Prudent Monetary Policy Approach
Ireland's central bank governor and hence European Central Bank (ECB) Governing Council member Gabriel Makhlouf spoke on Friday, ICYMI. He emphasized the importance of a careful assessment and maintaining a measured pace of monetary policy easing, suggesting that with...
BOJ Summary (Oct.): Yen’s depreciation has significant effects
The Bank made specific mention of forex issues in its statement after the October 30 and 31 meeting:The "Summary of Opinions" from this meeting highlights the following key points:Economic Developments:Moderate Recovery: Japan's economy continues to recover...
Moody’s said “the risks to US fiscal strength have increased”
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,...
Bitcoin above US$80K
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,...
German Chancellor Olaf Scholz willing to call parliament vote of confidence pre-Christmas
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 Prime Minister Ishiba faces leadership vote in parliament 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,...
Heads up for a US holiday on November 11 – Stock markets open, bonds closed
The two major stock markets - the New York Stock Exchange and the Nasdaq - will be open on Monday, November 11, 2024. Bond markets are closed. The Securities Industry and Financial Markets Association (SIFMA) recommends bond trading closed. FX will trade.---SIFMA is...
ICYMI – China inflation data over the weekend showed CPI flirting with deflation
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,...
ECB’s Holzmann sees no reason not to cut rates in December
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Fed’s Kashkari: Fed wants to have confidence inflation will go all the way back to 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,...
Economic calendar in Asia Monday, November 11, 2024
Reserve Bank of New Zealand inflation expectations data can move the NZD a little. Keep an eye on the two year horizon. This is the important one for the Reserve Bank of New Zealand. The bank views this as as a reasonable time frame over which its policy changes...
Trade ideas thread – Monday, 11 November, 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,...
Monday morning open levels – indicative forex prices – 11 November 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,...