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 raised their year-end S&P 500 index target to 5200 from 5100
ICYMI, this via a Goldman Sachs note on Friday, equity strategists at the firm bumped up their year-end S&P 500 index target to 5200 from 5100.GS raised profit estimates (and thus the target) by 8% to USD241 (2024 EPS)"The nearly-completed 4Q earnings season...
China Premier Li says policy should be consistent and stable
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 Finance Minister hints at future interest rate increase, remains vague on timeline
Japanese Finance Minister Shunichi Suzuki had an interview with Japan's media, Nikkei, over the weekend:“The Bank of Japan holds jurisdiction over monetary policy. But there will be a phase when interest rates go up”He didn't give a time frame so this is not a really...
Westpac sees scope for easier Reserve Bank of Australia monetary policy within next year
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,...
ICYMI, ex-fed Bullard says Federal Reserve should cut rates in March – pre-emptive move
James Bullard is the former St. Louis Federal Reserve branch president. He spoke on Friday at the National Association for Business Economics (NABE) conference. The comments were reported by Nick Timiraos of the Wall Street Journal. Timiraos has a reputation for...
New Zealand data – January Services PMI 52.1 vs. prior 48.8
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,...
Tourism revenues in China during the Lunar New Year holidays +47.3% y/y, above pre-Covid
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,...
Economic calendar in Asia Monday, 19 February 2024 – a sparse one
Chinese markets are back today after last week's holiday. Over the weekend the People's Bank of China set the Medium-term Lending Facility (MLF):The PBOC is hamstrung in easing policy rates further by their fear of a run on the yuan. At the margin, the unchanged rate...
Trade ideas thread – Monday, 19 February, 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,...
Monday morning open levels – indicative forex prices – 19 February 2024
Good morning/afternoon/evening and welcome to the new forex week - On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online.Prices are liable to swing around on not too much at all, so take care out there.Indicative rates,...
Markets Week Ahead: US Indices, Gold Recover Losses After US Inflation Fears
Markets Week Ahead: US Indices, Gold Recover Losses After US Inflation FearsInflation in the US remains sticky at both producer and consumer level but US indices are seemingly ignoring these price pressures and remain near recent multi-year highs.US inflation releases...
Newsquawk week ahead: Minutes from the FOMC, ECB and RBA, flash PMIs and PBOC
Mon: Swedish CPIF (Jan), Canadian Producer Prices (Jan), Holiday: US (President’s Day) , EU Red Sea Policing StrategyTue: PBoC LPR, RBA Minutes (Feb), EZ Current Account (Dec), Canadian CPI (Jan)Wed: FOMC Minutes (Jan), UK PSNB (Jan), South African CPI (Jan), EZ Flash...
Weekly Market Outlook (19-23 February)
UPCOMING EVENTS:Monday: US/Canada Holiday, Canada PPI.Tuesday: RBA Meeting Minutes, PBoC LPR, Canada CPI, New Zealand PPI.Wednesday: Australia Wage data, FOMC Meeting Minutes.Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, ECB Minutes, Canada Retail Sales, US...
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PBOC leaves MLF rate unchanged at 2.5%, as expected
China's central bank, the People's Bank of China, left its Medium-term Lending Facility (MLF) rate unchanged at 2.5% on Sunday. Surveys had shown around two thirds of analysts had expected the rate to be unchanged, others expecting a small cut. 500 billion yuan will...
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The week ahead: A look at the technicals in play for the major currency pairs
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,...
Bitcoin price forecast, why sell at $51500 – $52000, may decline to $38000 – $39000 📉📊
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,...
Forexlive Americas FX news wrap: The FX market was unconvinced by the PPI report
Markets:Gold up $9 to $2013US 10-year yields up 4.3 bps to 4.28%WTI crude oil up $1.20 to $79.23S&P 500 down 0.5%NZD leads, JPY lagsThe hot PPI reading initially looked like it would kick off something like CPI did earlier in the week, albeit at a smaller scale....