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 August retail sales data due today, expectations are for a rise m/m
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,...
Chief economists in the US say a 2025 recession is only a 30% chance
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 Chair Powell leaned against expectations of continuing large rate cuts
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 Japanese PM Ishida a positive for yen says abrdn
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 data – Q3 business cnfidence -1% (prior was -44%)
New Zealand data much improved. Quarterly Survey of Business Opinion (QSBO) from the New Zealand Institute of Economic Research (NZIER). Link to more here. In summary:Business confidence comes in at -1% in Q3prior -44%Net 5% expect a deterioration in general economic...
Markets in China and Hong Kong are closed today, Tuesday, October 1, 2024 –
Markets in mainland China are closed today, Tuesday, October 1, 2024. They reopen for trade on Tuesday 8 October. Hong Kong markets are also closed on Tuesday, October 1, 2024 for the National Day holiday. They reopen on Wednesday, October 2, 2024. 'Stock Connect',...
Forexlive Americas FX news wrap 30 Sep:Fed Powell indicates there should be 2 cuts in 2024
The new week was void of economic data with the exception of the Dallas Fed Manufacturing index which came in at -9.0 vs -.9.7 last month. However, there was some Fedspeak with Atlanta Fed Pres Bostic and Chicago Fed Pres. Goolsbee kicking things off.Bostic expressed...
Bank of America target EUR/USD to 1.15
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 equity close: A surge in buying late
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 30 September 2024
First off, there are market closures in Asia today for holidays.Mainland China is closed Hong Kong is closedSouth Korea is closedBank of England Monetary Policy Committee member Greene is up soon. Greene spoke last week:The data agenda that follows is packed. New...
Trade ideas thread – Monday, September 30, 2024
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:.Thread to post financial markets trading ideas - Post 'em if ya got...
Markets stop panicking when central bank start panicking
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,...
How major market indexes performed in the third quarter
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,...
WTI crude oil futures settled $68.17
Crude oil settled today just one cent lower at $68.17. The low price today reached $67.60. The high price reached $69.18. At session lows, the price stayed above a swing area going back to 2023 between $66.76 and $67.51. On both Thursday and Friday of last week, the...
USD moving higher as Powell taps the brakes on cuts
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 rises, stocks fall as Powell higher GDI and base case to cut 25 bps
The US dollar is at the highs of the day across the board after a pair of important comments from Powell.1) In the first, he said that GDI revisions last week removed a downside risk for GDP. The fear was that GDP would be revised down to GDI, instead it was GDI...
Powell Q&A: A downside risk in GDP was a revision to GDI, but GDI was revised higher
Notes that a downside risk in GDP was a revision to GDIInstead, GDI was revised higherFed not in a hurry to cut rates quickly, will be guided by dataRate cut process will play out 'over some time' with no need to go fastFed will take everything into account at Nov...
Powell: Policy will move over time to neutral if economy meets forecasts
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,...
Watch live: Powell speaks on the economic outlook
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,...