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 is expected to set the USD/CNY reference rate at 7.3031 – Reuters estimate
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...
Bank of Japan October meeting minutes – more detail
The post on the Bank of Japan October meeting minutes is here:Adding a little more detail now, these Headlines via Reuters: A few members said must scrutinize the impact of past interest rate hikes on the economy and prices when deciding policy.One member said must...
BoJ Oct minutes: If inflation trends align with expectations, gradual rate hikes possible
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,...
2025년 국가장학금 바뀝니다! 지금 신청하세요!
https://www.youtube.com/watch?v=KrNYpX7TSXQ 2025년 국가장학금 바뀝니다! 570만원 이렇게 신청하세요! MoneyMaker FX EA Trading Robot
UBS says the USD value is ‘stretched’, sell further strength and get into GBP and AUD
UBS has reiterated its recommendation for investors to capitalize on further dollar strength by diversifying into other currencies. Despite recent gains in the US dollar, driven by shifting expectations for Federal Reserve and US government policy, the bank maintains...
The probability of the Fed hiking interest rates in 2025 is 40% (according to this guy)
This is via Tortsten Sløk, Apollo Chief Economist (Apollo is a US asset management firm).I don't think I'd put the probability of a Fed hike just under 50-50 like this, but I can see the possibility (maybe 20% for me).Also, from the firm's 2025 outlook, some reasoning...
RBA publishing minutes of its pivot meeting on one of the thinnest liquidity days of year
The Reserve Bank of Australia (RBA) has a third, unofficial, mandate. Its financial stability. This is in addition to their oft-stated official mandates of price stability (in a nutshell, controlling the inflation rate) and full employment. Indeed from the RBA...
Forexlive Americas FX news wrap: Consumer confidence slumps
Markets:Gold down $10 to $2610Bitcoin down 3% to $93,800US 10-year yields up 6 bps to 4.58%WTI crude flat at $69.50S&P 500 up 0.7%USD leads, CHF lagsThe final week of the year started off with mixed signals. The equity market continued its rebound from the...
Economic calendar in Asia 24 December 2024 – BoJ and RBA meeting minutes
There are a couple of meeting minutes scheduled for the Asia session:for the Bank of Japan meeting on October 30 and 31for the Reserve Bank of Australia meeting on December 9 and 10Bank of Japan:At its meeting on October 30-31, 2024, the Bank of Japan (BOJ) maintained...
Trade ideas thread – Tuesday, 24 December, 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,...
US 30-year yields rise to the highest since May
The bond market got a reprieve on Friday with the cooler PCE report. You would think today's soft consumer confidence data would also help bring down yields but that's not the case.Instead, US 30-year bond yields are up 6.3 bps to 4.78%, which is the highest since...
Bank of Canada minutes: Decision to cut rates by 50 BPS on Dec 11 was a close call
The Bank of Canada meeting minutes were released. Some of the highlightsBank of Canada decision to cut rates by 50 BPS on Dec 11 was a close call - minutes of Governing Council meeting.Members discussed arguments both for cutting by 25 BPS and 50 BPS.Those in favor of...
USDCHF rallies to key retracement last week and sold off. Today the bias is back higher.
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 November durable goods orders -1.1% vs -0.4% expected
This was released earlier:Prior was +0.8%Nondefense capital goods orders ex-air +0.7% vs -0.1% priorEx transport -0.1% vs +0.3%The core orders number is the important one and it showed a nice rebound is November. The problem I'm seeing is that industrial company...
Bitcoin falls to $93,000 as it looks to re-test Friday’s low
Bitcoin is struggling today and threatening a re-test of Friday's spike low of $92,115.A break of that level would crack something of a double bottom and could clear the way for a deeper retracement, particularly if $90,000 also gives way.Bitcoin dailyBitcoin has...
GBPUSD rally on Friday stalled at key swing area ceiling and sellers pushed lower today
The GBP/USD rallied on Friday after sharp declines on Thursday, driven by the BOE's dovish rate decision, where three members voted for a rate cut. The downward move pushed the pair below the November low of 1.24865, reaching 1.24739—the lowest level since May....
EURUSD lower on the day and below the 50% midpoint of the range since 2022
The EURUSD moved higher on Friday but stalled at 1.0446. That was just short of a swing level on the daily chart at 1.0448. Today the high price was just short of those levels at 1.04446. The price moved lower with the USD moving back higher (EURUSD lower) in trading...
US November new home sales +5.9% vs -14.8% prior
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 December consumer confidence 104.7 vs 113.3 expected
Prior was 111.7 (revised to 112.8)Present Situation Index 145.2 vs. 140.9 priorExpectations Index 81.1 vs 92.3 prior12-month inflation expectations 5.0% vs 4.9% priorThis is a big disappointment and lands at the peak of shopping season.consumer confidence“The recent...