The greenback is recovering losses to start European morning trade, as it starts to chew into the opening gap lower today. USD/JPY is now up to 154.60 levels, just a few pips shy of closing its opening gap lower:USD/JPY hourly chartBesides that, the commodity...
Gold Technical Analysis – The Treasury Secretary pick weighs on the market
Fundamental OverviewGold saw a quick drop today during the Asian session with the news of Scott Bessent nomination for Treasury secretary as the most likely culprit. Bessent is a fiscal hawk, and the market views him as a great pick for the job. In fact, one of the...
European indices build on the Friday jump to be up at the open today
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,...
ECB’s Lane: Monetary policy should not remain restrictive for too long
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,...
Reminder: It will be a holiday-shortened week in the US
AI imageAnd typically, that means broader markets will likely observe a more quiet and slower trading period as well. Even though Thanksgiving falls on Thursday and markets will be open again on Friday, the festive period usually sees many US businesses and offices in...
Dollar down as Trump picks Scott Bessent for role of Treasury secretary
The initial reaction seems to be that billionaire Scott Bessent is a "markets guy". Wall Street is reacting favourably with US futures gapping higher while bonds are also bid, dampening the dollar. So, why exactly are markets responding to Bessent in such a way? Let's...
FX option expiries for 25 November 10am New York cut
There are just a couple to take note of, as highlighted in bold.They are for EUR/USD at the 1.0440 and 1.0485 levels. The pair opened with a gap higher today amid a weaker dollar and has been sticking thereabouts since. Offers layered closer to the 1.0500 mark are...
ForexLive Asia-Pacific FX news wrap: US Treasuries yield falls, USD falls
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,...
Bessent said his policy priority will be to deliver on Trump’s various tax-cut pledges
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 target US$2,900 gold year-end 2025 – preferred hedge against geopolitical tensions
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,...
Bank of England Dhingra and Lombardelli speaking on Monday
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,...
People’s Bank of China shift to the MLF as the main policy tool – drain today facilitates
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,...
European Central Bank speakers Monday include Lane, Makhlouf
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 net drain 550bn via MLF. Rate unchanged at 2%
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,...
Still waiting on any People’s Bank of China Medium-term Lending Facility (MLF) announcemnt
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 may cut RRR, buy government bonds in December.
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,...
Axios: Israeli, US officials state Israel and Lebanon on the cusp of a ceasefire agreement
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PBOC sets USD/ CNY reference rate today at 7.1918 (vs. estimate at 7.2257): 25 November
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,...
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Republican Senators warn Canada, Britain, Germany, France: Help ICC, we crush your economy
US Republican Senators Lindsey Graham and Tom Cotton have started to draft a package of sanctions on the International Criminal Court (ICC). Graham spoke on Fox, warning US allies:“To any Ally: Canada, Britain, Germany, France, if you try to help the ICC, we are gonna...