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...
Chinese state media reports that Apple (AAPL) to increase investment in China
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 not sounding downbeat for S&P 500 in 2025
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,...
UK car output fell for the seventh consecutive month in September
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,...
South Korean Q3 GDP comes in well under estimates: +0.1% q/q (vs. +0.5% 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,...
USD/JPY is quiet – too quiet?
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 maintains its view on the USD: “Unattractive”. Cite 3 reasons to sell rallies
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 flash October manufacturing PMI 46.6 (September was 46.7)
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,...
3 reasons the Bank of Canada cut by 50bp points (ditto for the RBNZ)
The Bank of Canada took an axe to its benchmark rate today with a 50bp cut:Check out those posts above for the 'as it happened', but if you wan the TL;DR (mine anyway), the Bank of Canada cut 50 due to:rising unemployment (quite quickly)inflation well on its way to...
Rabobank analysts see downside risks to Euro 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,...
US stocks closed lower on the day but off their lows levels
US stocks close lower on the day but off their lowest levels:Dow industrial average -409.94 points or -0.96% at 42514.95. At session lows, the index was down -631.72.S&P index fell -53.78 points or -0.92% at 5797.42. At session lows the index was down -88.79...
Forexlive Americas FX news wrap 23 Oct: Dollar moves higher but Beige Book tempers gains
The Bank of Canada (BOC) reduced its policy rate by 50 basis points to 3.75% and continues its policy of balance sheet normalization. The global economy is expected to expand at a rate of about 3% over the next two years.Stronger growth in the U.S.Subdued growth in...
BRICS inventor says as a group BRICS has achieved very little over the past 15 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,...
Economic calendar in Asia Thursday, October 24, 2024 – preliminary PMIs (October)
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, 24 October, 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,...
USDCHF continues to move higher, but just barely
The USDCHF has been trading higher since September 30, and after breaking outside of the "Red Box" on October 4. The price moved up to a swing area and then above the 38.2% retracement during last week's trading. On Monday this week, the price corrected down to retest...
Beige Book cools the US dollar bid
AI imageSeveral Fed officials -- including Powell -- cited the Beige Book as one of their reasons for cutting 50 basis points in September. There is a belief at the Fed that anecdotal data is often better at capturing turning points than hard numbers, particularly in...
BOJ Governor Ueda: Underlying inflation has been rising slowly
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,...
BOE’s Bailey: Disinflation has taken place faster than expected in the UK and elsewhere
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,...
CIBC: It would take a major turn of events to stop another 50 bps Bank of Canda cut in Dec
CIBC thinks the Bank of Canada will cut rates by 50 basis points again in December."With the current 3.75% rate still in restrictive territory, it would take a major turn of events to stand in the way of another 50 basis point reduction in December," writes CIBC chief...