The push and pull continues in the dollar this week but it is leaning slightly softer now after easing lower yesterday. AUD/USD in particular looks quite poised at it runs back up to its 100-day moving average at 0.6580 on the week. Meanwhile, USD/JPY continues to...
Another Bill warning to markets?
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 wear out the resolve of USD/JPY dip buyers before the weekend
After the second round of yen-tervention this week, the pair caught a modest bounce from 153.00 to 156.00 yesterday. All that before a turn right before US trading to just under 155.00 and that kept running all the way to where we are now, near the 153.00 mark. The...
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ForexLive Asia-Pacific FX news wrap: USD slips a little lower
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,...
Federal Reserve speakers on Friday include Williams and Goolsbee
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AUD and NZD forecasts for 6 and 12 months out
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Japan’s finance minister Suzuki and Bank of Japan Governor Ueda press conference on Friday
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Australian data – March housing finance higher: Home loans +2.8% m/m (expected +1.0%)
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Bank of Korea Gov Rhee says US Treasury shared view that recent won weakness was temporary
Let me pop up what Rhee said and then why I think the 'temporary' comment is critical (for the Bank of Japan, not jus the Bank of Korea): Closely watching fx volatilityInevitable to raise GDP forecastUS Treasury shared view that recent won weakness was...
Here is what to watch for an extreme surprise in Friday’s US jobs report (NFP) (AND PMI)
It's a big day for data from the US on Friday, interest centring on the nonfarm payroll numbers (8.30 am US Eastern time, 1230 GMT), followed soon after by the ISM Services PMI (10 am/1400):Taking a look at the range of expectations compared to the median consensus...
RBA meeting next week – preview – Cash rate to remain unchanged
The Reserve Bank of Australia meet on May 6 and 7. They are almost unanimously (1 of the 37 economists polled expects a hike) expected to leave the cash rate unchanged at 4.35%.the statement is due at 2.30 pm Sydney time, which is 0430 GMT and 0030 US Eastern...
USD/JPY under and over 153.00
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Reminder – Japanese and Chinese markets are closed for a holiday today
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,...
Morgan Stanley warn of a falling GBP, citing Fed – BoE policy divergence risk
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HSBC cuts their Fed forecast to 25bp this year, from 75bp previously
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Australian April Services PMI (Final) 53.6 (prior 54.4)
Judo Bank S&P Global PMI Final for April 2024Services 53.6preliminary was 54.2, prior was 54.4Composite 53.0preliminary was 53.6, prior was 53.3Still solidly in expansion for both. Not so for the other PMI released earlier this week:-From the services PMI report,...
ICYMI – BOJ data suggests significant additional yen-buying intervention this week
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,...
ECB’s Stournaras says three rate cuts this year is probable
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Q1 gold demand strong, driven by China
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