Reuters have polled analysts on expectations for the RBNZ's interest rates path ahead. The next policy meeting is on July 10, with no change the consensus expectation. Tbe Bank is holding rates at their highest in 15 years, at 5.5% for the Official Cash Rate (OCR),...
Economic calendar in Asia 05 July 2024 while we wait for the US employment data
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: USA-on-holiday edition
Markets:US equities and fixed income closedWTI crude oil up 13-cents to $84.06Canadian 10-year yields up 3.6 bps to 3.60%Toronto TSX Comp up 0.1%AUD and JPY lead, USD lagsBitcoin down $1193 to $58,354It wasn't as quiet as you might expect for a US holiday, perhaps...
Trade ideas thread – Friday, 5 July, 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,...
Preview: June non-farm payrolls by the numbers — the headwinds are starting to blow
AI imageWhat's expected:Consensus estimate +190K (Goldman Sachs at the low at +140K, FAO Economics at the high at +250K)May +272K vs +185K expectedPrivate +160K estimate vs +229K priorUnemployment rate consensus estimate: 4.0% vs 4.0% priorParticipation rate: 62.5%...
Video: Where to camp out in a cyclical slowdown and what AI will do to the economy
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 time will we get UK election results?
I have a hard time imagining the UK election will be much of a market mover, given that the results have been a foregone conclusion since the start of the campaign. It will be a Labour majority, and a large one.How large? We will get a good idea at 10 pm London time,...
A Fed official highlighted ‘some warning signs the real economy is weakening’ Here are two
GoolsbeeOn Tuesday, comments from Chicago Fed President Austin Goolsbee got my attention. He took a more cautious stance on the economy and said he sees "some warning signs the real economy is weakening."He also spent the past year talking about the potential for a...
Euro leans through 1.08 as it nears the weekly high
It's a US holiday so I'm taking all the market moves today with a grain of salt but the general theme is US dollar selling, perhaps in a delayed reaction to yesterday's weak ISM services reading (it fell to a four-year low).In the past few hours, the euro has taken...
European equity close: UK stocks finish strong ahead of the election results
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,...
French poll puts National Rally well short of absolute majority
There is an increasingly-clear picture of a French parliament with a hard split between the left and right, leaving the centrists as the kingmakers.it takes 289 seats to achieve an absolute majority and the latest poll from IFOP projects:Far right National Rally at...
Bitcoin sinks to a fresh session low, down 4.5%. Eyes on the May low and Mt Gox
The main line of thinking on bitcoin is that the recent round of selling pressure is related to the distribution of the 141,000 bitcoin from the Mt. Gox bankruptcy. It's hard to imagine that was 10 years ago but at the time bitcoin was trading at around $600.It will...
Video: What’s driving the strength in the US dollar and where is it headed
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 markets are closed today for the July 4th holiday
If you're American, the bad news is that US markets are closed today. The good news is that your local furniture retailer is having their 'biggest sale of the year'.It's a strange week in trading that's generally followed the script. The week of July 4th is seasonally...
Pound holds steady as decision day continues in the UK
Sunak yesterday with the UK's most tattooed womanIt's election day in the UK but there is no mystery about what is going to happen. The Conservatives are going down in flames with YouGov’s MRP poll forecasting Keir Starmer’s Labour will win 431 seats, up 229 from...
ForexLive European FX news wrap: Dollar sluggish with US holiday hanging over markets
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities higher; CAC 40 +0.8%Gold up 0.1% to $2,358.40WTI crude down 0.8% to $83.17Bitcoin down 3.1% to $57,667With it being a US holiday, there wasn't much for traders to work with as well in European morning...
ECB accounts show some mixed views on confidence towards inflation outlook
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 upside starts to lose some steam ahead of US holiday session
It's not much but the dollar is looking a little sluggish, keeping with the drop from yesterday. EUR/USD is trading closer to 1.0800 still, holding at the upper bound for the week. Meanwhile, USD/JPY is now down 0.4% and dipping just under the 161.00 mark:USD/JPY...
Japanese Yen Ticks Up As Nervy USDJPY Hovers Around Intervention Levels
Japanese Yen (USD/JPY) Analysis and ChartsUSD/JPY is just a shade below 162.000These are 38-Year Highs for the DollarWhile the Yen lacks fundamental support, the technical now looks very stretchedDownload our new Q3 Yen Forecast Recommended by David Cottle Get Your...
NZDUSD Technical Analysis – The US Dollar remains on the backfoot
Fundamental OverviewThe USD yesterday weakened across the board following soft US Jobless Claims and ISM Services PMI reports. Overall, the data didn’t change much in terms of interest rates expectations, but it reinforced the view that the Fed is going to deliver at...