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 yen intervention numbers published. 5.5 trillion yen bought.
Japan's Ministry of Finance with the info after FX reserves down to US$1.239 tln at the end of ocot:prior 1.255 tln USDUSD/JPY selling intervention on July 11 was 3.1678 tln yen worthUSD/JPY selling intervention on July 12 was 2.367 tln yen worthI highlighted July 11...
Hong Kong Monetary Authority cuts its base rate by 25bp (as expected)
The Hong Kong Monetary Authority is Hong Kong's central bank. The HKD trades in a band linked to the US dollar prescribed by the HKMA. You can see the limits of the band in the chart below.-The Hong Kong Monetary Authority (HKMA) often adjusts its interest rates in...
Japanese household spending (September) -1.3% m/m (expected -0.7%)
Japanese household spending -1.3% m/m expected -0.7%, prior +2.0%-1.1% y/y, fell for a second consecutive monthexpected -2.1%, prior -1.9%Not encouraging for a BoJ rate hike. The Bank of Japan want to see sustainable wage increases, fuelling spending, fuelling...
SNB Chair Schlegel say cryptocurrencies not practical for payments
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,...
BNP Paribas Predicts Bank of Japan Rate Hike in December Amid US Uncertainty
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,...
More gradual Bank of England rate cuts = support for GBP
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,...
Rekt Raises $1.5M Seed Round Backed by Angels and Community
Rekt Brands Inc. (Rekt), the parent company behind the Rektguy NFT project, Rekt Drinks, and the Rekt brand intellectual property, is excited to announce the completion of a $1.5 million seed funding round. Funded exclusively by angel investors and the...
ICYMI – Italy to cut funds that support cars made 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,...
JP Morgan notes a surge in retail participation after the US election
JP Morgan taking time out from dissecting the Fed decision! JPM say the participation of retail investors in markets after the US election surged:+5% from the same time in 2020JPM noted demand for:broad market ETFsleveraged bull techBitcoin ETFsTSLAPLTRAnd selling of...
Forexlive Americas FX news wrap 7 Nov: FOMC/BOE cuts by 25 basis points
The US session started with the BOE cutting rates by 25 basis points as expected and ended (or close to it) with the FOMC cutting rates by 25 basis points also as expected. BOE Bailey said in his press session:Bailey noted that while the disinflation process is...
DoubleLine Capital CEO Gundlach is expecting higher rates ahead, cites pro-cyclical policy
DoubleLine Capital CEO Jeffrey Gundlach spoke with CNBC (may be gated).His comments are straightforward macroeconomics:if the Republicans ends up controlling the House ... the higher government spending that would result would require more borrowing through Treasury...
US equity close: Red wave in politics, green wave in markets
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Economic calendar in Asia Friday, November 8, 2024 – a quiet one
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 November, 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,...
Powell delivered another dovish message and the market isn’t doubting him
The clearest message the Jerome Powell delivered at the press conference was that he wasn't going anywhere as Fed chair, no matter what the President asks or tries.That's great news for markets because we know exactly what we will get with Powell: A dove.The kneejerk...
New highs for the Nasdaq index. Index up 300 points or 1.59%
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,...
Powell coldly says he won’t quit if asked by Trump
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,...
What are the update technical levels in play as Powell works through press conference
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Powell Q&A: We’re not at the stage where bond rates need to be taken into 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,...