The UK economy experiences its strongest growth since August 2023, with Monthly GDP increasing 0.4%, four times higher than expectations. The Bank of England saw 2 out of 9 members vote for an interest rate cut. The dovish members of the BoE are Dr Swati and Sir...
Beware of algos impact on the markets
Nowadays, there’s lots of algorithmic trading in the markets which is generally responsible for short-term moves. When you see quick spikes in the price, that generally happens because of algos. These are automatic algorithms that are programmed to identify...
Gold looks to snap back-to-back weekly declines with quick change of pace
Gold is up 1% today, nearing $2,370 now as buyers are looking to build on the jump higher yesterday. The precious metal was bid as the dollar faltered after the weaker US weekly jobless claims data. And that is providing a sudden change of pace for gold after having...
European equities look to make it a perfect run this week
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 main events to watch out for today?
There’s no top tier economic release in the European session today, so the action will likely be mostly in the US session as we get the Canadian labour market report and the US University of Michigan consumer sentiment survey.The Canadian labour market report is...
UK finance minister Hunt says the economy has turned the corner
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,...
UK March monthly GDP +0.4% vs +0.1% m/m expected
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,...
UK Q1 preliminary GDP +0.6% vs +0.4% q/q expected
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,...
FX option expiries for 10 May 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first one being for EUR/USD at the 1.0825 level. However, this is one that might not factor in too much into play given the technicals. The 200-day moving average at 1.0791 and offers lined up...
Next rate hike could come as early as July, says former BOJ executive
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,...
UK GDP in focus in the session ahead
The US weekly jobless claims yesterday helped to inject some life into markets, as we look to the final stretch of the week now. The dollar dropped as risk trades jumped, providing a bit of a teaser perhaps to next week. Things are calmer now with the dollar steadying...
We got a teaser yesterday of what to expect in trading next week
It was a quiet one yesterday up until the release of weekly jobless claims in the US. The release here was weaker than estimated and that kicked off more fears about a softening in the labour market, following the non-farm payrolls report on Friday last week. As a...
Chinese media says home purchases restrictions are unlikely to be completely removed
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 Asia-Pacific FX news wrap: USD higher across the major FX board
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,...
Federal Reserve speakers on Friday include Bowman, Kashkari, Logan, Goolsbee, Barr
The times below are in GMT/US Eastern time format. 1300/0900 Federal Reserve Board Governor Michelle Bowman speaks on "Financial Stability Risks: Resiliency and the Role of Regulators" before the Texas Bankers Association Annual Convention1400/1000 Federal Reserve...
USD/JPY on the rise – earlier jaw boning from Finance Minister Suzuki was just the usual
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,...
BoE Chief Economist Pill speaking Firday, dove Dinghra also speaking
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,...
Ex-BOJ Watanabe says Bank of Japan must avoid raising interest rates to combat a weak yen,
Watanabe points to weaker services inflation, which he says suggests sluggish consumption is discouraging firms from hiking prices:"The BOJ is probably hoping that services inflation will strengthen. But the data coming out so far aren't backing up this view," "None...
PBOC sets USD/ CNY central rate at 7.1011 (vs. estimate at 7.2102)
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,...
The US will impose tariffs on EVs from China after review
Bloomberg headline saying Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next weektargeting key strategic sectors (including electric vehicles, batteries and solar equipment) with new imposts***The US slapping tariffs on...