Reuters Japan Corporate SurveyIn brief:Over half of Japanese firms plan to raise wages by 3% or more for the next business year, according to a Reuters survey.42% of firms expect wage hikes between 3% and 5%, while 9% foresee increases of 5% to 7%.41% anticipate wage...
Y’all set for four years of volatile FX tweet/headline trading?
With Trump coming back from January 20 2025, Inauguration Day, get set for four years of headline trading. Trump's first term was characterised by policy-shift-by-tweet, often while he was (NSFW! warning) ... ummm ... using the bathroom (apparently!).This produced...
RBA Governor Bullock says too early to judge US election, tarrif implications
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,...
MUFG says GBP is less vulnerable to Trump tariffs than others
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,...
Brasil’s central bank has hiked its benchmark rate by 50bp to 11.25%, as 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,...
US Vice President Kamala Harris speaking now – live link
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 looks to tighten cryptocurrency exchanges (websites) asset rules
Japan's financial watchdog looks to put legal curbs in place to prevent foreign cryptocurrency exchanges from taking domestic assets overseas.This is intended to protect traders on the 'exchanges' (LOL, they are websites)Nikkei (gated) with the report. Assets have...
Economic calendar in Asia Thursday, November 7 – Japan wages, China and Australian trade
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 – Thursday, 7 November, 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,...
Forexlive Americas FX news wrap: Huge moves as the market digests a Republican sweep
Markets:Gold down $84 to $2660US 10-year yields up 15.5 bps to 4.44%WTI crude oil flat at $71.96S&P 500 up 2.5%Russell 2000 up 5.8%Nasdaq up 2.9%USD leads, JPY lagsBig congrats to those who put on Trump trades, particularly ones that bet on a red sweep as it...
German Chancellor Scholz angles for an election before the end of March
Add some political intrigue into the mix as German Chancellor Scholz says he will call for a confidence vote on Jan 15 that would allow for election before the end of March.He also highlighted that "of all the rich democracies, we have by far the lowest debt". That's...
The strong finish for bitcoin is a powerful signal
In crypto, you always have that lingering feeling that a rug pull is right around the corner and that big gains are about to evaporate. There were fears about a 'sell the fact' move in bitcoin after the election and I'm sure those haven't gone away but the strong...
German chancellor Scholz: Our companies need help immediately
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 stocks stretch to fresh highs as yield edge lower following T-bond auction
SPX dailyI would say that so far, markets are on their way to pricing in a return of Trump 1.0. What we don't know is if we'll get something closer to the Trump 2.0 who talked about 60% China tariffs and mass deportations.Time will tell and we will be trading the...
Regime change in politics, yes. But what about a regime change in the forex market?
George Saravalos at Deutsche Bank makes two spectacular points in the aftermath of the election.1) Beware regime shiftsHe's not talking about the political regime shift here, he's talking about a regime shift in markets in terms of how cross-asset classes...
BOC’s Rogers highlights risks around higher rates after US election
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,...
Gold is getting beaten up on Trump’s win but eye the pick for Treasury Secretary
John PaulsonGold is down $78 today to $2666 on the combination of higher Treasure yields and a stronger US dollar following the election. There is also some element of 'sell the fact' and relief that we don't have a contested, uncertain result.It's a 2.8% daily drop...
The US treasury auctions off $25B of 30 year bonds at a high yield of 4.608%
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 treasury to auction $25B of 30 year bonds testing the buyers appetite
The US treasury will auction off $25B of the "grand-daddy of them all" coupon issue - the 30 year bond. That comes the day after the US political enviroment and economic environment changed with the election of Pres. Trump and the winning of the Senate and most likely...
EURUSD moves down toward triple bottom in June and bounces. Sellers still in control.
The EURUSD moved higher before the results of the election started to trickle in. The price moved up to test the 100-day MA and the 38.2% of the move down from the September high. The price moved lower as results came in, first breaking below the 200-day MA at 1.08687...