There is a cascade of 50bp rate cut calls for the Reserve Bank of New Zealand meeting next week:TD are projecting a 50bp rate cut next week also, but adding they expect the same size cut at the November meeting.Analysts at TD are maintaining their forecast for a 50...
The big reason that’ll make the European Central Bank cut rates to as low as 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,...
Forexlive Americas FX news wrap 2 Oct: JPY moves sharply lower as rate hikes off table
The JPY moved sharply lower in trading today and is ending the day as the runaway weakest of the major currencies. The AUD, USD and CAD are the strongest. The move lower in the JPY was largely driven earlier in the day by Japan's Prime Minister Ishida's comments that...
Barclays are expecting the European Central Bank to cut more than expected
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Pushing Into a New Age for Digital Advertising – Alkimi Secures Top Exec in NED Role
UK-based Alkimi, the world's first decentralised ad exchange, is excited to announce the appointment of Robert Bradley as Non-Executive Director. Robert brings over 20 years of experience in the media industry, working for the biggest media brands, and leading digital...
US major indices close marginally higher
US major indices are closing the day higher with modest changes. The indices moved lower at the start of the trading day with lows reached in the 1st hour of trading. At session lows:Dow industrial average was down 188.18 pointsS&P index was down -34.75...
Economic calendar in Asia Thursday, October 3, 2024
While the trade data from Australia is marked as high priority its unlikely to shift the AUD too much upon release. A low priority calendar overall. Note that mainland China remains on holiday today. Hong Kong markets are open (Stock Connect is not ... what is Stock...
Trade ideas thread – Thursday, 3 October, 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,...
USDJPY retests the highs from last Friday
The USDJPY is trading to a new high at 146.47. In doing so, the pair is up testing the high from last Friday at 146.465. Technically, a move above that high with momentum would have traders targeting the tabletop near 147.189 from September 2 and September 3The move...
Goldman Sachs: Be careful with USD shorts, EUR/USD could head to 1.0950
EURUSD dailyGoldman Sachs notes a notable shift in market sentiment regarding widespread short positions in the USD, suggesting caution over how much further USD weakness can persist.Key Points:There is growing caution about the extent of USD weakness driven solely by...
Barkin Q&A: ‘Last mile’ of inflation may still take longer 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 crude oil futures settles at $70.10
The price of crude oil futures are settling at $70.10.That is up $0.27 or 0.39%. The high price today reached $72.45. The low price was at $69.90Technically, looking at the hourly chart, the high price tested the high price going back to September 24 and rotated back...
AUDUSD moves into a more neutral territory as sellers are back in play
The AUDUSD moved above a ceiling from June and July 2023 near 0.6900 last week on it's way to a high near 0.6941. After trying to hold support near the 0.6900 level on Friday, Monday and part of Tuesday, the sellers started to exert more downside momentum falling to a...
Ray Dalio: China policy makers need to do a lot more than what was announced
Ray Dalio posted on LinkedIn on the weekend regarding the latest stimlus push from China. It's sparked a massive rally (and likely a short squeeze) in Chinese equities.He's not convinced it's enough:China's leadership announced reflationary policies and support for...
OPEC calls out the Wall Street Journal
There is an interesting war of words unfolding between OPEC and the Wall Street Journal.The WSJ today published an article saying that Saudi's oil minister warned of $50 oil if cheaters within OPEC don't stick to limits. They cited delegates who were on the call.The...
ECB’s De Guindos: Services could be the main barrier to lower inflation
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,...
Israel cabinet decided on a ‘harsh response’ to Iran attack – report
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ECBs Schnabel: Return to 2% target in a timely manner is becoming more more likely
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,...
Pres. Biden: Does not support an attack on Iran’s nuclear sites
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,...