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 and UK air strikes underway in Yemen, targeting Houthis
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 Navy maritime patrol and reconnaissance aircraft spotted off Yemen – yen rises
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,...
Amidst anticipation of military strikes on Yemen’s Houthi, Biden’s schedule confuses
Amidst the widespread expectations of US and allied military strikes on Yemen's Houthi terrorists the White House has just announced that US President Biden has no more public appearances scheduled for Thursday. Biden was expected to make a statement on Thursday...
Shipping chaos: Industrial action at 3 major east coast Australian ports
Industrial action at 3 major east coast Australian ports.DP World’s stevedores at the Port Botany terminal in Sydney are refusing to work on Friday morningThere are partial work bans in Melbourne.Concerns about wider stoppages are growing, the fear is that all port...
Goldman Sachs anticipates Federal Reserve tapering announcement in May ’24
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,...
Gold Price, Nasdaq 100 at Risk of Larger Correction after Hot US CPI Data. Why?
NASDAQ 100, GOLD PRICE FORECAST:Gold and the Nasdaq 100 present an unattractive risk-reward profile at this precise moment following recent U.S. economic dataWith U.S. inflation running above the 2.0% target and the labor market showcasing exceptional resilience, Fed...
People’s Bank of China rate cut coming up on Monday? Preview.
The PBOC will set the Medium-term Lending Facility (MLF) rate on Monday, 15 December. The interest rate on the MLF loans currently stands at 2.5%. It was last cut in August 2023, from 2.65%.The MLF rate is a benchmark interest rate that banks in China can use to...
Concerns about protracted economic weakness in the euro zone
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 11 Jan: CPI higher but gains in dollar and yields reverse.
US CPI was the big event for the day and the big event for the week as well. The month-to-month data showed 0.3% increases for both the headline and the core. The YoY saw the core come down to 3.9% vs 4.0% last month but it was higher than the 3.8% expected. The...
December US CPI – Barclays analysts didn’t say “I told you so” but they should have
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,...
It was a ride in the equity market today but it ended where it began
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 12 January 2024 – Chinese inflation data (and more) incoming
It's a packed data agenda ahead, with the most interest lasered in on Chinese inflation data. Will deflation continue?Inflation is not currently an issue in China, deflation is. The explanation offered up for negative inflation rates are the declines in food and...
Trade ideas thread – Friday, 12 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,...
Bombs set to fly in Yemen tonight – report
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,...
Eyes on the FOMC speakers’ schedule as we count down to the blackout
One interpretation of the dovish market reaction to CPI in the rates market today is that Fed speakers weren't as hawkish as you would expect after a hot CPI reading. I continue to believe that the reaction function has changed and the Fed and markets do a delicate...
Fed’s Goolsbee: December services inflation was a little more favorable than 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 stocks erase losses as yields plunge
It's been a long, slow recovery but the S&P 500 is now flat on the day.The recovery comes as the bond market shrugs laughs off the CPI report. US 2 year yields are now down 11 bps on the day and the Fed funds curve is pricing in more cuts than before CPI.Maybe...
Lagarde: We are winning a battle at the moment
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 crude oil futures settle at $72.02
The sawtooth up-and-down price action in crude oil continued today with a gain of $0.65 or 0.91%. The price settled at $72.02.The high-priced today reached $73.81. The low price was at $71.17.The earlier rise came as geopolitical worries escalated after Iran seized an...