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,...
Japanese fin min says he won’t comment on forex and details of policy. Watching closely
Earlier this week, an LDP official said they "weren't currently contemplating intervention". That was the green light for yen sellers to push USD/JPY through 155 and -- sure enough -- there hasn't been much push back.Officials have made some moves to walk that back as...
Tokyo April CPI ex fresh food +1.6% y/y vs +2.2% 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,...
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UK GfK April consumer confidence -19 vs -20 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,...
US equity futures jump after earnings from Alphabet and Microsoft
The earnings-gods are toying with US equity markets. Yesterday was a rout after Meta's guidance was slightly soft and capex was slightly high. Today it's the reverse after Google and Microsoft beat estimates. SpoosShares of Alphabet are up 9.7% in the premarket while...
It’s time to shift the focus back to growth
The market reaction to today's US GDP report was instructive.At first, the market freaked out because the high inflation numbers in the report imply an upside surprise in Friday's US PCE data. However as the day wore on, that faded and equities recouped a large...
SocGen: USD/JPY will likely test the willingness of the MoF to intervene on a large scale
USDJPY dailySociété Générale assesses the potential for USD/JPY to test the Japanese Ministry of Finance's intervention limits due to persistent US rate expectations and recent market dynamics. The bank highlights upcoming US economic data as critical to future...
Forexlive Americas FX news wrap 25 Apr: GDP growth/inflation scare markets
The market got a scare after Q1 advance GDP growth came in lower than expected at 1.6% versus 2.4% expected. Meanwhile core PCE data for the quarter was higher-than-expected and 3.7% versus 3.4% expected. That scared traders further ahead of the monthly core PCE data...
It’s the perfect day, and it’s also Bank of Japan decision day
Eamonn is off today so I'll be filling in.First of all, it's still April 25 in much of the world, so I'm going to enjoy this meme.For those of you in Asia, it's now April 26, which is too bad. But it's also Bank of Japan decision day and we get Tokyo CPI and...
Broader US indices close lower for the first time after three days of gains
The major US stock indices closed lower across the board today. The day got off to a negative start after Meta Platforms reported higher expenses and slightly lower revenues going forward after the close yesterday. Declines were accelerated after...
Alphabet EPS $1.89 versus $1.51 estimate. Revenues $80.54B versus $78.59B estimate
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 EPS $2.94 vs $2.82 estimate Revenues: $61.86 vs $60.82 estimate
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,...
WSJ Timiraos: “The Dream of a Fed rate cuts is slipping away”
The WSJs Timiraos is out with an article titled "The Dreams of Fed rate cuts is slipping away".A summary of the article says:Fed Chair Jerome Powell and Inflation Expectations:Powell has reduced expectations for interest rate cuts.Recent economic reports have...
Earnings after the close include Microsoft, Alphabet, and Intel.
Microsoft: Shares of Microsoft are trading down $-9.96 or -2.43% at $398.96Earnings per Share: Analysts expect $2.82 per share.Revenue: Expected to be $60.80 billion, which would represent a 15.0% year-over-year growth. This is slightly above the 14.5% growth forecast...
Crude oil settles at $83.57
Crude oil is settling at $83.57. That's up $0.76 or 0.92%.Technically, looking at the price action on the hourly price below, like the USD, it too has been quite up and down volatile. Yesterday, the price found support against its 100-hour moving average (blue line)....
USDCAD another pair that has retraced the USD gains. Back down testing 50% midpoint.
The USDCAD has been trading up and down over the last few days of trading. The volatility intensified today with a move lower into retracement and swing area support, followed by a move higher into swing area resistance, followed by another move lower into the same...
ECBs Panetta: We must weigh risk of monetary policy becoming too tight
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 retracing most of the gains from core PCE rise
The USD moved higher on the back of the core PCE data within the US GDP report. However, those gains have nearly been erased. Although the yields are still higher, they are off their highest levels. US stocks have also erased some of their declines with the NASDAQ...
US encourage Europe & Asia alliesto tighten restrictions on chip related technology China
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,...