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,...
European Central Bank speakers on Thursday include Schnabel, Knot, de Cos, de Guindos
European Central Bank speakers ahead today:930 GMT / 0530 US Eastern time: Bank of Spain governor and ECB policymaker Pablo Hernandez de Cos to speak at an event in Madrid1100 GMT / 0700 US Eastern time: Speech by ECB board member Isabel Schnabel at Money Market...
PBOC sets USD/ CNY central rate at 7.0974 (vs. estimate at 7.1875)
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,...
The FOMC meets next week – “more hawkish” is a meaningful risk
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 7.1875 – 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 RICS measure of house prices rose to its highest since October 2022
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 Foreign Minister Wang Yi will visit Australia next week for talks
Chinese Foreign Minister Wang Yi will hold talks with Australia's Foreign Affairs Minister Penny Wong in Canberra on Wednesday, March 20.The visit comes as relations between the two countries warm up somewhat. China is in the process of removing tariffs on Australian...
ANZ have raised their end of year gold forecast to $2,300, from $2,200
On the technicals, ANZ note the recent high around $2,195 as resistance:a break of this resistance targets above $2,200ANZ are wary of a correction first through, "a healthy price correction looks in the offing:", citing:RSI suggests an overbought level If a...
Fitch wary on China – says property collapse is continuing “unabated”
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 Dollar Seeks Fed Signals in PPI, Retail Sales Data – EUR/USD, USD/JPY Setups
US DOLLAR FORECAST – EUR/USD, USD/JPYThe U.S. dollar slides but rising U.S. yields keep losses containedU.S. PPI and retail sales data on Thursday will steal market’s attentionThis article examines the outlook for EUR/USD and USD/JPYMost Read: Euro Outlook &...
The Federal Open Market Committee (FOMC) meet next week – “the risk leans a bit hawkish”
The Federal Open Market Committee (FOMC) meet on March 19 and 20. Market expectations heading into the meeting are, at present, slightly above 50% for a June 25bp rate cut. Analysts at Wolfe Research in the US are flagging a concern:“We think the risk leans a bit...
BOJ plans to discuss ending negative interest rates at next week’s meeting
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 13 Mar: Forex rates muddle along ahead of PPI/retail sales
The US trading day was void of economic releases. The Fed is in a blackout period ahead of the rate decision next Wednesday. There was oil inventory data released, and it showed a surprise drawdown of -1.536M when the market was expecting a build of 1.338M. That kept...
Fitch expect both the Fed and ECB to cut rates 3 times, by a total of 75bp, by year-end
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,...
GS Asset Management re-enters US commercial real estate, citing buying opportunities
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,...
Down day for the broader S&P and Nasdaq indices
It was a down day for the broader US stock indices with the NASDAQ index leading the way to the downside. The Dow 30 stocks did rise modestly. The S&P could not hold onto gains into the close and in doing so, did not close at a new all-time high.The final numbers...
Yellen says it seems unlikely that interest rates will return to pre-pandemic lows
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 Thursday, 14 March 2024 – another nearly empty one
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,...
Trade ideas thread – Thursday, 14 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,...
Atlanta wage growth tracker for February remains at 5%
The Atlanta Fed's Wage Growth Tracker was 5.0 percent in February, the same as for January. For people who changed jobs, the Tracker in February was 5.3 percent, down from 5.6 percent in January. For those not changing jobs, the Tracker was 4.7 percent, unchanged from...