USDGBPThe BoE left interest rates unchanged as expected at the last meeting removing the tightening bias but reaffirming that they will keep rates high for sufficiently long to return to the 2% target. The employment report beat expectations across the board with a...
FX option expiries for 8 March 10am New York cut
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,...
A slower session beckons in Europe as US jobs report hogs the spotlight
Major currencies are not doing too much to start the day but the dollar remains vulnerable amid the moves so far this week. EUR/USD rose higher after the ECB yesterday, with the pair up to its highest in seven weeks near 1.0950 now. There is breathing room until we...
USD/JPY holds at key technical level with NFP waiting in the wings
USD/JPY daily chartThe BOJ got the ball rolling in USD/JPY this week but so far we're seeing the drop stall at the first key hurdle. The pair shook off the 150.00 mark on Wednesday before a fall below 148.00 yesterday. But we are seeing a slight pause in the decline...
Japan January leading indicator index 109.9 vs 110.5 prior
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ForexLive Asia-Pacific FX news wrap: Awaiting the US NFP data
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NY Fed President John Williams is speaking on Friday – June rate cut hints?
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China says it’ll import 80mn tons of Australian coal this year – return to normal levels
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Biden SOTU: Full text of his speech – “historic job growth and small business growth”
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,...
Biden SOTU: Inflation has dropped to 3%, the lowest in the world and is trending down
US President Joe Biden's State of the Union address, he's moved on to the economy.Hailing job creation, low unemployment, business start ups, falling inflation ... Biden focusing on the good news: "the landing is and will be soft"Major FX still little changed. more to...
Major FX little changed as US President Biden speaks at his State of the Union address
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 President Joe Biden’s State of the Union address is coming up soon
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,...
Weekend plans? China is releasing February inflation data. You’re welcome.
The consumer price index is expected to show persistent deflation on a y/y basis, but a gain m/m. PPI, well that seems permanently in deflation. The data is due at 0130 GMT on Friday, 8 March 2024, which is 2030 US Eastern time on Friday, 8 March 2024:MoneyMaker FX EA...
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Reminder – The US switches to daylight saving time this weekend
The US switches to daylight savings time at 2 am on Sunday, March 10. Clocks in the US will go forward one hour. What this means for those of us outside the US is we may (probably will) need to adjust starting and finishing times locally. For example, for those of us...
PBOC sets USD/ CNY central rate at 7.0978 (vs. estimate at 7.1863)
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,...
January household spending data in Japan shows a significant drop – more
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Japan fin min Suzuki says there’s a risk rising interest rates could pressure Japan’s debt
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PBOC is expected to set the USD/CNY reference rate at 7.1863 – 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...
Japan wages are expected to see their biggest rise in 31 years
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,...