ECB's Lagarde said that:We monitor the exchange rateIt is obvious that exchange rates may have an impact on inflationThe truisms are not anything new, but given more illiquid afternoon markets, it did give a minor boost to the beaten down EURUSD. The move to the...
Japan’s Kanda: No change to our stance to take appropriate action on FX as needed
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 Pres. Lagarde: Growth in Europe mediocre. Much slower than the US
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 finance Minister Suzuki held bilateral meetings with Yellin
Japan's finance Minister Suzuki held bilateral meetings with us Treasury Secretary Yellen. At the meeting the two leaders:agreed to communicate closely on FXDiscussed Ukraine a MDB and global taxation.Will respond appropriately to excessive FX movesNeedless to say the...
Crude oil futures settle at $82.69
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,...
ECBs Nagel: A June cut is looking increasingly likely, but there is still some caveats
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,...
ECBs Centeno: First cut in June is very likely.Number of cuts will depend on incoming data
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,...
Deutsche Bank sees slower pace of BOE rate cuts
Deutsche Bank no longer sees the Bank of England cutting rates in May and instead views June as the start of the cycle. That will be followed by further cuts in Sept and Dec.The three cuts this year is unchanged but they now see the BOE slowing to a quarterly pace in...
Feds beige book: Contacts expect inflation would hold steady at a slow pace
The Fed's Beige book for April has been released:Below are the highlights of the overall economic activity report:Economic Expansion: Activity expanded slightly overall since late February, with 10 out of 12 Districts reporting slight to modest growth.Consumer...
US sells 20-year bonds 4.818% vs 4.843% WI
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,...
U.S. Treasury to auction off 20-year bonds at the top of the hour
The U.S. Treasury will auction off twenty-year bonds at the top of the hour. The auction results were compared to the six-month averages of the major components including the tail (the difference between the WI level vs the high yield), the Bid to cover (the number of...
US stocks extend their declines
The major stock indices are extending their declines with the NASDAQ index down near 1%.NASDAQ index is below the 38.2% retracementLooking at the daily chart of the NASDAQ index, it is now below the 30.2% retracement of the move up from the January low to the January...
Bitcoin trades below the $60,000 level for the first time since March 5
The price of bitcoin has moved below the 38.2% retracement of the 2024 trading range at $60,314 and has also moved below the $60,000 level for the first time since March 5. The low price has reached $59,672. The low price from March 5 came in at $59,313. That is the...
BOEs Bailey: I expect next month’s inflation number will show quite a strong drop
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,...
ECBs Schnabel:Investors expect policymakers to continue to pay attention to act. 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,...
European major indices rebound higher in trading today
A day after sharp declines of 1.4% or more, the major European indices have rebounded in trading today. A summary of the closing levels shows:German DAX, +0.12%France CAC, +0.62%UK FTSE 100, +0.35%Spain's Ibex, +1.05%Italy's FTSE MIB, +0.72%As UK/ European traders...
NZDUSD corrects modestly higher with more work to do to give buyers more confidence
The NZDUSD is higher on the day, but the move is still modest and there is work to do, to give the buyers more confidence after the recent move lower. IN this video, I outline the technical levels in play and explain what needs to be done, to give the dip buyers more...
US major stock indices giving up their gains
The gains in the major US stock indices have been whittled away. The NASDAQ index is now in negative territory. The Dow Industrial Average S&P index are holding onto small gains.Dow Industrial Average is up 30 points or 0.08%S&P is up 6.5 points or 0.13%NASDAQ...
ECBs Nagel: Price pressure in the euro zone could continue for some time
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,...
Weekly crude oil inventories rise 2.735M vs 1.373M build 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,...