A note from HSBC on the US dollar, analysts at the firm note its strength, helped along by the Fed's "rapid hiking cycle". HSBC sees the dollar strength to slow, but persist, it "has not run out of gas yet".The analysts project a mixed performance ahead:expect the...
The rapid drop in the yen likely to be met by some sort of attempt at verbal intervention
The rapid drop in the yen is likely to be met by some sort of attempt at verbal intervention from Japan's Ministry of Finance and/or the Bank of Japan and/or senior government officials. These could come along at any time now, today, tomorrow, it won't take much to...
Forexlive Americas FX news wrap 17 Jan: Better retail sales push the USD/Yields higher.
The stronger US retail sales report set the tone in the early North American session. The December data showed a strong performance in the U.S. consumer sector. Sales excluding autos outperformed expectations, growing by 0.4% against a forecasted 0.2%. The control...
New Zealand December Food Price Index -0.1% m/m (prior -0.2%)
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,...
Asian Economic Calendar: Key Events and Consensus Expectations for 18 January 2024
The item of most note on the data calendar for the session ahead is the Australian Laour Market report for December 2023. The November report showed:another massive rise in jobsthe 'participation rate' - i.e folks in the workforce or looking for work, also rosethe...
Trade ideas thread – Thursday, 18 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,...
Credit Agricole: Two key risks for GBP ahead
GBPUSD dailyCredit Agricole evaluates the British Pound, focusing on two significant risks that could impact its performance in the near future.Key Risks:Contrast Between GBP Strength and UK Economic Data:There is a notable discrepancy between the recent surge in GBP...
The Fed’s Williams doesn’t comment on moentary policy in speech
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 Zealand December house prices -0.7% y/y — REINZ
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,...
Comments from NY Fed President John Williams coming up next
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 settle at $72.56 and near the high for the day
The price of the WTI crude oil futures are settling at $72.56. That is up $0.16 or 0.22%. The low for the day reached $70.50. The-high for the day reached $72.70.Yesterday the price settled at $72.40. The initial move today was to the downside as China data led to...
The oil dip-buyers score a rare win
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 Nagel: The German outlook for 2024 appears to be a little better
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,...
Beige Book: A majority of districts reported little or no change in economic activity
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,...
Beige Book and Williams eyed as US equities fall further
The S&P 500 has extended its decline to 45 points, or 0.95%, and 4721. That's a session low and comes with US 2-year yields up 14 bps on the day, erasing the decline from last Thurs/Fri.Even with two days of declines, the losses in the S&P 500 have barely...
US treasury auctions offer $13 billion of 20 year bonds at a high yield of 4.423%
High Yield: 4.423%WI level as the time of the auction: 4.415%Tail: +0.8 basis points. Previous 1.5 bps, six-auction average -0.3 bpsBid-to-Cover Ratio: 2.53X. Previous 2.55x, six-auction average 2.58xDealers: 17.33%. Previous 12.9%, six-auction average 10.6%Directs (a...
The US treasury will auction off $13B of 20 year bonds (reopen) at the top of the hour
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,...
Atlanta Fed GDPNow estimate for Q4 growth rises to 2.4% from 2.2%
Atlanta Fed GDPNow growth estimate rises to 2.4%The Atlanta Fed GDPNow model estimate for Q4 growth rises to 2.4% from 2.2% last. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.4...
USDJPY trends higher and higher but has found willing sellers near a swing area target.
The USDJPY has continued it trend like move the upside today. In the process the price cracked above the 100-day moving average and 61.8% retracement of the move down from the November high. That level came in at 147.45. The subsequent run to the upside after that...
Bitcoin falls 2.5% as flows continue to point to a disappointing ETF launch
It's beginning to dawn on some people that spot ETFs won't be a white knight for the bitcoin market.We're midway through the fourth day of bitcoin ETF trading and the results aren't anywhere near the +$2 billion the bitcoin bulls were touting in the first 48 hours....