EUR/USD is now up 0.2% to 1.0905 while USD/JPY has just trickled lower to 147.85 on the day currently. After some modest gains overnight, the dollar is getting checked back now as traders reassess the moves. Of note, 10-year Treasury yields are down 1.6 bps to 4.088%...
USD/JPY clears the path towards 150.00 next?
If you go by the chart, the break higher yesterday was a significant one for USD/JPY as it clears its 100-day moving average (red line) to push above 148.00. The key technical level is seen at 147.44, so keep above that and buyers will remain poised to extend the...
EUR/USD survives first bout of key technical level in trading yesterday
EUR/USD daily chartThe dollar remains in a good spot overall but EUR/USD is not one pair that is making extra headway for the greenback this week. The pair moved to test its 200-day moving average (blue line) in trading yesterday before seeing a decent bounce to...
Pakistan Foreign Ministry confirms Pakistan undertook series of military strikes in Iran
Pakistan Foreign Ministry statement:Pakistan undertook series of military strikes against terrorist hideouts in Sistan-Baluchistan province of IranNumber of terrorists were killed during intelligence-based operationPakistan fully respects the sovereignty and...
ForexLive Asia-Pacific FX news wrap: Losses for the USD continued
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,...
Final reading for Japanese Industrial Production in November is negative both m/m and y/y
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,...
Federal Reserve Bank of Atlanta President Bostic is speaking 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,...
European Central Bank President Lagarde will be speaking again 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,...
Swiss National Bank Chairman Thomas Jordan will be speaking 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,...
UBS has raised its forecast for economic growth in China this year to 4.6%, from 4.4%
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 stock market rout continues – Shanghai Composite hits a four low
The continuing messages from Chinese authorities are of plans for no large scale stimulus, with overnight reports of:Chinese Premier Li Qiang gave his clearest signal yet that Beijing won’t resort to huge stimulus to revive growth amid the worst bout of deflation in...
Reports say that Pakistan has attacked terrorists inside Iran
This follows news that Iran fired missiles into Pakistan targeting two bases of Baluchi terrorist group Jaish al Adl:“These bases were hit and destroyed by missiles and drones,” Iranian state media reported, There are reports now that the Pakistan military have struck...
Reuters poll: 21 of 85 economists predict first ECB rate cut in April, 38 say June
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,...
Morgan Stanley says paradigm shift (pro- Bitcoin and CBDCs) threaten US dollar’s dominance
A note from Morgan Stanley emphasised what it referred to as “a paradigm shift in the global perception and use of digital assets”, citing:106 million people holding BitcoinBitcoin ATMs available in over 80 countries spot Bitcoin exchange-traded funds (ETFs) approved...
PBOC sets USD/ CNY reference rate for today at 7.1174 (vs. estimate at 7.1976)
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,...
Goldman Sachs CEO says inflation will stay higher than 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,...
Australian dollar dropped after the December jobs report showed a large loss
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,...
Australia Dec. Employment -65.1K (expected +17.6K) Unemployment rate 3.9% (exp 3.9%)
An ugly result, more than unwinding the strong November gain. Further evidence that the tightness in the labour market is dissipating. A less-tight jobs market will take some of the heat from wage growth and in turn from inflationary pressures. While the RBA won't be...
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PBOC is expected to set the USD/CNY reference rate at 7.1976 – 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...