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 7.2037 – 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...
UBS forecasts the S&P 500 will end 2024 around current levels
UBS is not looking for the S&P 500 to end up any higher by the end of 2024.Analysts at the bank say a 'soft landing' is their base case for the US economy, including a moderation of economic growth, further falls for the inflation rate, and lower interest rates....
Japan data: February Services PPI 2.1% (prior 2.1% also)
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 fin min Suzuki says won’t rule out steps to address disorderly FX moves
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,...
Australian monthly consumer confidence falls to 84.4 in March vs. 86.0 in February
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,...
Authorities in Hunan, Liaoning, Xi’an, Chongqing to close local financial asset exchanges
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 “alarmed” by the weakness of the yen (concerned over yuan implications)
Via Saxo Bank on the yen and yuan:Says the People's Bank of China is concerned ('alarmed' according to Saxo analysts) by the weakness of the JPY given how competitive Japanese exports areAnd that if the yen weakens past 152 per dollar, “we could likely see the PB0C...
Australian weekly consumer confidence 83.1 (prior 81.7)
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,...
Adam Neumann submitted a bid to buy WeWork, bankrupt co-working firm, for more than $500mn
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,...
South American gold miner Nilam Resources wants to buy 24,800 Bitcoin
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,...
Russia orders companies to cut oil output to meet OPEC+ target
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,...
NY Fed researchers say says manufacturing growth In China could boost US Inflation
A New York Federal Reserve research paper considers the impact of a scenario in which a credit-fueled boom in manufacturing activity produces higher-than-expected economic growth in China. "A key finding is that such a boom would put meaningful upward pressure on U.S....
ICYMI: Fed’s Bostic spoke again on Monday, repeated his forecast for just 1 cut this 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,...
Forexlive Americas FX news wrap: US dollar drifts lower, bitcoin jumps
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,...
It’s a quiet economic calendar in Asia onTuesday, 26 March 2024
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 – Tuesday, 26 March, 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 seeks $2 billion in penalties against Ripple Labs
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,...
WTI crude breaks a three-day losing streak
Oil struggled late last week but is back on the upswing today, rising $1.49.A report confirmed Russian planned production curbs and that's helping but I think this is more of a technical move and a bounce from the old range top.WTI crude oil dailyHere's a chart from...
New Zealand dollar struggles to get off the floor
NZDUSD daily chartThe US dollar is retracing on most fronts today but the New Zealand dollar is an exception. NZD/USD remains within striking distance of a four-month low and below recent support.Two days of heavy selling on Thursday and Friday broke through the 2024...