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...
Japanese govmt official says January production expected to decline
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,...
USD/JPY back near its overnight low following the latest from the BOJ
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 businesses confidence at the highest level in nearly two 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,...
New Zealand data, January business confidence 36.6% vs. 33.2% 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,...
BOJ Summary indicates no imminent change of policy
Bank of Japan Summary of Opinions report from the monetary policy meeting on the 22nd and 23rd of January: One member said BOJ must patiently maintain monetary easing under yccOne member said positive wage-inflation spiral must strengthen further, wage growth must...
Japan December Industrial Production (preliminary) +1.8% m/m (vs. expected 2.4%)
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,...
S&P 500 rally to a record high on narrow leadership is “increasing unhealthy” – JP Morgan
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,...
TD Securities suggests automated trading strategies are likely to buy everything this week
Coming up on Wednesday US time are much awaited:Federal Open Market Committee (FOMC) policy decisionDetails of Treasury's coming auction sizesThen on Friday:NFP jobs report for JanuaryTD Securities says the results of all of the above don't matter for the algos,...
ICYMI – China’s industrial profits fell 2.3% in 2023
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,...
SNB head Jordan said Swiss inflation gained in January, but stayed within target range
Swiss National Bank Chairman Thomas Jordan spoke to the Club der Zuercher Wirtschaftsjournalisten (Business Journalists club) on Tuesday. He also spoke on Monday with broadcaster SRFSome of his remarks ICYMI: “Our expectation is that inflation went up, because of the...
Asian Economic Calendar: Key Events and Consensus Expectations for 31 January 2024
It's a packed agenda.It kicks off with the Bank of Japan Summary of Opinions report from the most recent meeting, back on the 22nd and 23rd of January:The Bank of Japan (BOJ) releases a "Summary of Opinions" after each monetary policy meeting. It serves as a record of...
Trade ideas thread – Wednesday, 31 January, 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,...
Microsoft and Alphabet earnings/revenues beat expectations. Starbucks, AMD, Stryker too.
Microsoft Corp (MSFT) - Q4 2023EPS: $2.93 (BEAT expectation of $2.78). Last year $2.32Total Revenue: $62.02 billion (BEAT expectation of $61.1 billion). Last year $52.7BCloud Revenue: $33.7 billion (BEAT expectation of $32.31 billion). Last year $27.1BIntelligent...
US equity index futures dragged lower by falling stock prices for Alphabet & MSFT
Earnings announcements from Google and Microsfot. Alphabet (AKA Google) Q4 2023 (USD): EPS 1.64 (exp. 1.59), Revenue 86.31bln (exp. 85.33bln) Microsoft Q4 2023 (USD): EPS 2.93 (exp. 2.78), Revenue 62.02bln (exp. 61.1bln)Cloud revenue 33.7bln (exp. 32.31bln)Both of the...
Mixed close for the major indices
The major US indices are closing mixed with the Dow Industrial Average higher. The S&P index is near unchanged and the NASDAQ index is lower.The final numbers are showing:Dow Industrial Average rose 133.84 points or 0.35% at 38467S&P index fell -3.01 points or...
Forexlive Americas FX news wrap: JOLTS and consumer confidence improve
Markets:Gold up $4 to $2035US 10-year yields down 3.2 bps to 4.05%WTI crude oil up $1.10 to $77.89S&P 500 down 2 points to 4926EUR leads, AUD lags but daily FX moves smallIt wasn't as dull in the FX market today as it looks from the net changes on the day. The US...
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US equities are cautious ahead of earnings from Microsoft and Alphabet
Earnings are a big risk for equities after the close with MSFT (-0.33% today) and GOOG (-0.9%) both reporting after the bell today.The pair have been on a stellar run, including big gains so far this year. That's stretched multiples and raised the stakes ahead of...
ECB’s Lagarde: ‘We are not there yet’ on rate cuts, need more data
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,...