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,...
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Australian November CPI 4.3% y/y (expected 4.4%)
Australian inflation data. This is the monthly data, not the official quarterly data. Comes in at 4.3% y/yexpected 4.4%, prior 4.9%m/m is +0.4%Trimmed mean comes in at 4.6%prior 5.3%The monthly CPI data from Australia does not show all components of the CPI, that'll...
New Zealand export prices rise, global shipping costs jump
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,...
PBOC is expected to set the USD/CNY reference rate at 7.1618 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
Peru declares emergency on northern border with Ecuador
Unrest in Ecuador was sparked by the escape of a notorious gang boss known as Fito from prison. Riots at prisons followed, and it mushroomed into more widely spread violence across the country, perpetrated by cartel-like criminal gangs. The headlines were captured on...
Twitter is investigating the hack of the US SEC account that led to Bitcoin turmoil
The Securities and Exchange Commission says this tweet was result of a 'compromise' of its account:Chair of the SEC Gary Gensler tweeted out moments after that it was a hack:Law enforcement is on the case, the SEC says it wasn't an inadvertent staff tweet and sticking...
Japan November wages data shows another deep fall
While nominal cash wages rose 0.2% y/y the real wage data is awful, down 3.0% y/ymore to comeLabour Cash Earnings +0.2% y/yexpected +1.5%, prior +1.5%Overtime Pay + 0.9% y/yprior -0.1%Inflation adjusted, i.e. real, wages -3.0% y/y***The Bank of Japan have repeatedly...
Gold Price and USD/JPY Forecast: US Inflation Outcome to Drive Market Direction
USD/JPY & GOLD PRICE OUTLOOKGold prices and the Japanese yen have performed poorly in recent days after a strong run in the last few weeks of 2023Near-term direction for both assets will likely depend on U.S. inflation data due for release on ThursdayThis article...
European Central Bank’s Centeno signals earlier-than-expected rate cuts
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,...
Swiss National Bank expects an annual loss of around 3 billion CHF
News from Monday on the SNB, which will not be paying profits to the government for the second year in a row. The very strong CHF has outweighed capital gains from equity and bond portfolios in foreign currencies the Bank has. The Swiss National Bank has announced (in...
BNP Paribas AM says the ECB is likely to cut before the Fed – March or April possible
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,...
Amazon’s Twitch to cut 500 staff (thats around 35% of employees)
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,...
JP Morgan on warning signs for stocks as disinflation process stalls, and risks rise
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,...
“Irregular activity” reported in the Red Sea – multiple reports on UAS 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,...
Forexlive Americas FX news wrap 9 Jan. Confusion reigns on Bitcoin ETF approval.
The big news for the day (or so it seemed) came at the very end of the day with the announcement that ETFs for Bitcoin were approved. But wait.. it was then announced by the SEC that the ETFs were not approved. The initial news sent the price of BTC up to high of...
The SEC will never live this down
The SEC twitter account being hacked on the eve of the expected ETF announcement is a massive blackeye for the organization that's supposed to be in charge of investor protection.OooofThe risk is that this disaster delays the actual ETF approval. I can't imagine it...
Eight reasons why a bitcoin ETF will be a ‘sell the fact’ trade
A bitcoin ETF hasn't been approved yet but all signs point to an announcement on Wednesday and trading as soon as Thursday.This will lead to something of a frenzy on CNBC with advertisers of the 11 prospective ETFs vying for supremacy in what will surely be a...
SEC says Bitcoin ETFs have NOT been approved
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,...
SEC account hacked to say bitcoin ETFs approved but it wasn’t
It's a total snafu in crypto-land as Gary Gensler says the SEC twitter account was hacked after it initially posted that all bitcoin ETFs were approved.His tweet came around 10 minutes after the SEC's official account tweeted this:For a hack, they certainly did a...