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 remains positive on the Australian dollar: cite RBA, tax 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,...
PBOC is expected to set the USD/CNY reference rate at 7.1620 – 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...
Federal Reserve has ramped up its interest rate on emergency loans
Federal Reserve: Announces its bank term funding program will cease making new loans as scheduled on March 11Adjusts interest rate on new BTFP loans to be no lower than interest rate on reserve balances on day loan was madeNew rate on BTFP loans effectively increases...
Singapore central bank to hold off on easing as inflation persists
Singapore's central bank, the Monetary Authority of Singapore, meets on January 29:widely expected to leave its monetary policy unchanged this month and hold off from easing its settings until it sees more evidence that inflation is falling consistentlyAll 13 analysts...
South Korea Q4 GDP +0.6% q/q (vs. +0.5% expected) and +2.2% y/y (expected +2.1%)
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,...
HSBC 3 reasons to like the USD at the expense of EUR, GBP, AUD. Lower AUD range forecast.
HSBC comments centre on the USD, their outlook for the Federal Open Market Committee (FOMC), and how thats going to play out for major FX.In summary, analysts at the bank remain bearish on European FX, citing the central bank outlook, the geopolitical outlook, and...
ICYMI – PBOC to cut reserve requirement ratio by 50bp from 5 February
The People's Bank of China missed its chance to cut interest rates for the real economy earlier this week, leaving the loan rates fixed at:3.45% for the one year4.20% for the five yearPBoC Loan Prime Rates (LPR) are unchanged @ 1 year 3.45% & 5 year 4.20%. As...
Forexlive Americas FX news wrap 24 Jan. Bank of Canada tilts toward easier policy.
The USD opened the North American trading session lower on the day, and continued that move in the first few hours of trading in the session. However, flash manufacturing and services PMI came in stronger than expected and a rotation to the upside was started. The...
US Dollar Forecast: US Q4 GDP in Focus, Setups on EUR/USD, USD/JPY, GBP/USD
US DOLLAR OUTLOOK – EUR/USD, USD/JPY, GBP/USDThe U.S. dollar lost ground on Wednesday despite better-than-expected U.S. economic data, but the tide may turn in its favor in the coming daysMarket attention now turns to the fourth-quarter U.S. GDP reportThis article...
The ECB has asked some banks to monitor social media for early signs of bank runs
An interesting, if perturbing, piece from Reuters overnight, citing two unnamed, 'banking executives' as sources. In brief:European Central Bank has asked some banks to closely monitor activity on social media to detect a worsening in sentiment which could lead to a...
Economic calendar in Asia on Thursday, 25 January 2024 is nearly empty: RBA Bulletin
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, 25 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,...
Tesla earnings: A miss on the top and bottom line
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 stock markets limp into the close, dulling a strong start
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,...
Canadian dollar falls after the Bank of Canada decision. What’s next
USD/CAD weeklyUSD/CAD is on track to close above 1.3500 for the first time this year after climbing nearly a full cent in the aftermath of today's Bank of Canada rate decision.The consensus belief on the move higher in the pair today (i.e. the decline in CAD) is that...
Houthis claims to have directly hit a US military ship
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,...
USDCHF dips but finds support, signaling potential reversal
Yesterday, the USDCHF experienced an upward movement, reaching a key swing area between 0.8711 and 0.87314. The pair initially moved away from the 38.2% retracement level of the downward trend from the October high to the December low, which is at 0.86803. Despite...
US equities fade as yields and earnings angst weigh
The S&P 500 has notched three straight closing record highs and looked to be cruising on its way to a fourth earlier today. However the index has now given back most of its gains with the S&P 500 up 15 points after rising as much as 35 points.The index is now...
Tesla earnings will be released after the close
Tesla will report earnings after the close EPS is expected at $0.73 per share vs $1.19 in the same quarter last year. Revenues are expected at $25.62 billion revenue vs. $24.32 billion in the same quarter last year.Full-year earnings are projected to decline by 22% to...