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UK data shows prices in shops are rising at the slowest pace since May 2022
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,...
ICYMI: ECB’s Villery says the Bank could cut rates at any time this year, all options open
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,...
Oil: OPEC’s Joint Ministerial Monitoring Committee (JMMC) meets this week, no cut 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,...
Japan data – December unemployment rate dropped to 2.4% (expected 2.5%)
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 expected to authorize US military strikes in mid-East Monday evening (US time)
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Weekly survey of Australian Consumer Confidence 82.5 (prior 83.4)
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,...
JP Morgan analyst Kolanovic says equity valuations are expensive, bad data risk ahead
This is a somewhat familiar refrain from JPMorgan analyst Marko Kolanovic. Its difficult to argue that he is wrong, but buyers of equities don't care. Goldman Sachs, for example:this has been one of the most powerful short-cycle rallies we’ve ever seenthe 19% rip in...
Forexlive Americas FX news wrap 29 Jan:US Treasury lower borrowing needs kickstart markets
The economic calendar was light today but later in the afternoon, the US Treasury announced the quarterly borrowing requirements:Last year, the Treasury estimated Q1 borrowing needs at $816 billion, now expects to borrow $760 billionExpects to borrow $202 billion in...
New Zealand’s Reserve Bank emphasizes that the inflation fight is not over
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 record closes for the Dow and the S&P indices.
The US stocks got a kick higher after the lighter-than-expected treasury refunding estimates. That pushed yields lower and stocks higher. The Dow and S&P indices both closed at record-high levels. The Nasdaq index is still over 4% from its all time high close but...
Trade ideas thread – Tuesday, 30 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,...
Economic calendar in Asia Tuesday, 30 January 2024 – Japanese jobs data
Jobs data from Japan and retail sales data from Australia on an otherwise sparse data agenda. Retail sales should attract some interest. For the previous month, November, the dollar amount was AUD36.5bn, a record monthly high. Expectations are for a dip in the...
The treasury borrowing announcment kickstarts stock and bond buying/dollar moves lower
The lower than expected borrowing numbers from the Treasury is leading to:Stocks moving higherBond prices moving higher/yields lower, and theUSD to the downside.Looking at the US stock market, the NASDAQ index is now up 163 points or 1.05%. The S&P index is up...
US dollar falls after the Treasury reveals a healthier balance sheet
One of the triggers in the rout on bonds in Sept/Oct of last year was rising US Treasury borrowing.However better growth and borrowing that was more-weighted towards short-duration turned the tide in all markets in late October. Since then, falling yields have helped...
Treasury Q1 quarterly refunding estimate $760 vs $816 billion 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,...
Crude oil futures and settle at $76.78
After rising to a high price of $79.29, the price of crude oil fell sharply to a low of $76.41. It is settling at $76.78. That's down $-1.23 or -1.58%.China's Evergrande was ordered to liquidate its holdings after failing on interest payments. That was cited as a...
The BOE and FOMC to keep rates unchanged but will they start to signal lower rates ahead?
The BOE and the FOMC will both meet this week. The BOE will announce their rate decision on Thursday at 7:00 AM ET. Meanwhile the FOMC will report its decision on Wednesday at 2 PM ET.Both central banks are expected to keep rates unchanged, but traders will be eyeing...
Stocks move higher as traders look forward to earnings/Fed
There is no fear of the Fed or of earnings in trading as the stocks move to new session highs. The S&P index moved up 13.74 points in the current hour of trading and in the process got within two points of the all-time intraday high reached on Friday at 4906.69....
US Treasury set to release quarterly financing estimates
The US Treasury will release its quarterly financing estimates at 3 pm ahead of Wednesday's quarterly refunding announcement. In this edition, the Treasury will announce how much it will need to borrow in the quarter ahead with estimates for further down the line. On...