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,...
PBOC is expected to set the USD/CNY reference rate at 7.2143 – 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...
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Reserve Bank of Australia preview – more hawkish
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,...
Wall Street Journal reports Apple is developing AI chips for data centres
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’s Kanda says no comment on Yellen’s comments on FX
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 Barclay card data shows annual growth in consumer spending weakest since February 2021
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,...
Reports now that the assassination attempt on Saudi Crown Prince is fake news
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,...
Bank of England preview – expect a change in the messaging in favour of rate cuts
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,...
Citi CEO Fraser says low-income consumers have turned far more cautious with spending
Citigroup CEO Jane Fraser spoke in an interview with CNBC on Monday, sounding alarm bells on the tenous situation low-income households now find themselves in in the US:seeing a “K-shaped consumer”means the affluent continue to spend, while lower-income Americans have...
There are reports of an assassination attempt on Saudi Crown Prince Mohammed bin Salman
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,...
Goldman Sachs continue to bang the ‘two rate cuts this year’ drum – this time the CEO
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 adviser: Sufficient supply in Strategic Petroleum Reserve to address supply concerns
Amos Hochstein is the Special Presidential Coordinator for Global Infrastructure and Energy Security.Says the US has sufficient supply in Strategic Petroleum Reserve (SPR) to address any supply concernsthe Biden administration is monitoring marketsI don't know what...
Forexlive Americas FX news wrap 6 May: US stocks extend gains from last week. USD mixed.
It was a quiet day on the economic event front with only the "employment trends" for April on the economic calendar. That index declined in to the lowest level since May 2021, but was largely ignored by the market. There were two Fed official speaking. Richmond Fed...
RBA decision due Tuesday, 7 May 2024 at 2.30 pm Sydney time – hawkish hold?
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,...
USDJPY stays above the 200 bar MA on 4-hour chart. Buyers in control above the MA.
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,...
Strong close for stock indices. S&P and NASDAQ close at session highs
The momentum from last week's move higher started with a less hawkish Fed and the tamer US jobs report continued today with the NASDAQ in S&P index leading the way. Both those indices closed at/near session highs. The Russell 2000 also advanced solidly.The final...
Economic calendar in Asia Tuesday, 7 May 2024, Reserve Bank of Australia decision day
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 – Tuesday, 7 May, 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,...
US stocks extended gains heading into the close
The broader US stock indices are extending their gains going into the close. The NASDAQ index is up nearly 1%, while the S&P index is up 0.84%.Shares of Nvidia are back above $900 at $918.14 of $30 or 3.4%. The price of Nvidia reached a low of $756.06 during the...