The US switches to daylight savings time at 2 am on Sunday, March 10. Clocks in the US will go forward one hour. What this means for those of us outside the US is we may (probably will) need to adjust starting and finishing times locally. For example, for those of us...
PBOC sets USD/ CNY central rate at 7.0978 (vs. estimate at 7.1863)
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,...
January household spending data in Japan shows a significant drop – more
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 fin min Suzuki says there’s a risk rising interest rates could pressure Japan’s debt
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 7.1863 – 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...
Japan wages are expected to see their biggest rise in 31 years
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 Jobs Report to Guide US Dollar’s Outlook; EUR/USD, USD/JPY, GBP/USD Setups
US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USDThe U.S. dollar and financial markets will be very sensitive to the upcoming U.S. jobs reportFebruary’s nonfarm payrolls data could guide the timing of the Fed’s easing cycleThis article discusses the technical outlook for...
Japan’s current account grows more than expected in January
Japan data for January 2024:BoP Current Account Balance +438.2bn JPY expected -330.4bn, prior +744.3bnBoP Current Account Adjusted +2.727tplnexpected +2.074tln, prior +1.810tlnTrade Balance BoP Basis -1.442tlnexpected -1.483tln, prior +115.5bn---The current account...
Japan data – January Household Spending -6.3% y/y (expected -4.1%)
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,...
Citi forecast Brent crude oil to average $75/barrel in 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,...
Deutsche Bank on what’s drivng Bitcoin: “becoming increasingly institutionalised”
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,...
Response to Fed Chair Powell testimony – Bank of America stick with June rate cut call
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,...
ICYMI – ANZ see gold holding above $2000/oz
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: ECB lowers inflation forecast but no hint at early cut
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 – Friday, 8 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,...
Asian Economic Calendar: Key Events and Consensus Expectations for 08 March 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,...
S&P close at new all-time record levels. NASDAQ index closes just below all-time highs.
The S&P index was a day at a record-high level. The index closed at 5157.37. That surpassed the previous high close of 5137.07.The NASDAQ index was on pace for a record close but closed just below the record level. The high close from last Friday was at 16274.94....
Kickstart the Asian/Pacific session with a technical look at the USDJPY, AUDUSD and NZDUSD
As.the US session works toward the close, and the Asian-Pacific session looks to begin, what technical levels are in play for the major Asian-Pacific currency pairs including the USDJPY, the AUDUSD and the NZDUSD?This video outlines the bias-defining levels, the...
Preview: February non-farm payrolls by the numbers. Eyes on earnings
What's expected:Consensus estimate +200K (range +120 to +290K)Private +160K estimate vs +317K priorJanuary +353KUnemployment rate consensus estimate: 3.7% vs 3.7% priorParticipation rate: 62.5% priorPrior underemployment U6 7.2%Avg hourly earnings y/y exp +4.4% y/y vs...
US January consumer credit outstanding +19.49B vs +9.25B 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,...