The post-election trade in the dollar hasn't been too straightforward over the last two days to say the least. The greenback saw gains abate yesterday but is looking to recover back some ground again in trading today. But even then, it isn't that convincing with the...
AUDUSD Technical Analysis – We got a “sell the fact” reaction on Trump’s victory
Fundamental OverviewThe US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle...
USDCHF Technical Analysis – The strong rally in the US Dollar stalls
Fundamental OverviewThe US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle...
USDCAD Technical Analysis – Is this just a pullback or a reversal?
Fundamental OverviewThe US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle...
PBOC says will continue with supportive monetary policy
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,...
USDJPY Technical Analysis – Interesting reversal in the US Dollar
Fundamental OverviewThe US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle...
Silver futures prediction: Potential 17% drop ahead. Warning to Silver Longs ⚠️
Silver futures warning: bear flag signals potential 17% drop ahead ⚠️Traders and investors in silver futures, silver-related ETFs, and XAG/USD should keep a close watch as silver faces a potential breakdown, highlighted in the 4-hour chart. After a period of...
Chinese yuan falls as NPC announcement lacks oomph so far
Once again, Beijing is finding out that they have a rather tough crowd to please. After the conclusion of the NPC meeting today, officials announced a ¥6 trillion plan to refinance local government debt (added context) as seen here. The figure there is as expected,...
China claims that “hidden debt” totaled at roughly ¥14 trillion at the end of 2023
As mentioned earlier in the week here, the IMF estimates that China's "hidden debt" to be above ¥60 trillion as of last year. But Chinese officials are now out saying that they only have ¥14.3 trillion in "hidden debt" as of the same period. It's a stark contrast in...
China’s top lawmakers approve plan to swap local government debt
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France September trade balance -€8.27 billion vs -€7.37 billion prior
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Chinese equities end lower as investors hold caution ahead of key briefing
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China officials to hold a briefing later at 0800 GMT
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FX option expiries for 8 November 10am New York cut
There are just a couple to take note of on the day, as highlighted in bold.And again, they are all for EUR/USD layered in between 1.0750 through to 1.0800. Post-election sentiment is still the name of the game in driving FX flows now, so the expiries are just...
Barclays now sees the Fed cutting interest rates by 25 bps just once next year
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,...
Will we get anything from China today?
From last week: China mulls approving fresh fiscal package worth over ¥10 trillion next weekThe details of the leaked stimulus above were a little underwhelming to say the least. I mean, a ¥4 trillion split to special-purpose bonds just for idle land and property...
ForexLive Asia-Pacific FX news wrap: USD/JPY net lower on the day – intervention comments
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Deputy Governor of the Bank of Canada Toni Gravelle speaking on Friday
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Japan economy minister Akazawa expects private spending to increase with rising wages
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,...
Chinese inflation data will be published over the weekend
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,...