The U.S. presidential election draws near, and investors are on high alert as the outcomes of Kamala Harris's and Donald Trump's contrasting economic policies could have significant ramifications for the financial markets. With key decisions looming around tax rates,...
EURUSD Technical Analysis – The greenback loses ground heading into the election
Fundamental OverviewThe US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in the Trump’s trades. Everything hinges on the US election now with a red sweep seen as the most bullish scenario for the greenback,...
UK October final services PMI 52.0 vs 51.8 prelim
Prior 52.4Composite PMI 51.8 vs 51.7 prelimPrior 52.6Services activity continues to see slowing momentum in October, with the weakest rise in business activity since November last year. Adding to that, employment conditions showed a fall for the first time this year....
Japan’s largest industrial union to target a standard 6% increase in total wages – report
UA Zensen is Japan's largest industrial trade union and represents workers mostly at small and medium-sized firms. And once again - similar to earlier this year - they are calling for at least a standard 6% increase in total wages going into the spring wage...
USDCHF Technical Analysis – Higher Harris odds weigh on the US Dollar
Fundamental OverviewThe US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in the Trump’s trades. Everything hinges on the US election now with a red sweep seen as the most bullish scenario for the greenback,...
AUD/USD holds higher in post-RBA trading
AUD/USD daily chartThe RBA held its cash rate steady in a more hawkish decision, though largely expected. AUD/USD was barely changed and only hovered within a 15 pips range after the statement and press conference. But the pair is extending higher now, up to 0.6618...
USDJPY Technical Analysis – It’s the US Election Day
Fundamental OverviewThe US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in the Trump’s trades. Everything hinges on the US election now with a red sweep seen as the most bullish scenario for the greenback,...
European equities lightly changed to kick start the day
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,...
What are the key times to watch for the US election results?
But regardless of the closing time of the polls, different states will have different procedures in counting votes and that could see the results spill over to the next one or two days (or more). But as outlined here, the main focus will be on the key battleground...
Switzerland October seasonally adjusted unemployment rate 2.6% vs 2.6% 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,...
We’re in the calm before the storm now
The pollsters are indicating that it is going to be a very tight race between Harris and Trump. And that will definitely keep markets on edge until we get to the early round of votes until midday later. The next 24 to 48 hours is potentially going to be havoc in...
RBA governor Bullock: Current market pricing on cash rate is as good as any
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,...
FX option expiries for 5 November 10am New York cut
There are just a couple to take note of, as highlighted in bold.And they are for EUR/USD at the 1.0850 and 1.0900 levels. Considering the focus on the US election, this will keep price action more boxed in going into European trading and before we get to the election...
RBA governor Bullock: Rates need to stay restrictive for the time being
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,...
Aussie not finding much in it as the RBA stays on hold
AUD/USD bounced a little around 0.6580 to 0.6590 levels on the decision but that's not indicative of much. The pair remains rangebound, stuck within a 19 pips range on the day. That is telling of the reaction to the RBA's expected decision here. So, what's the main...
ForexLive Asia-Pacific FX news wrap: RBA on hold, China PMI hits a 3 month high
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AUD little changed after hawkish RBA
The Reserve Bank of Australia remains gung-ho on beating inflation, unfussed by high rates given the resilient labour market:Full text is here, the first one is today's decision, the second link is to the SoMP (what's the SoMP? ,,, scroll right down for an...
Reserve Bank of Australia leaves cash rate unchanged at 4.35%, as expected
Reserve Bank of Australia left its cash rate unchanged and didn't signal any change in policy is immininet. Check these out, lifted from the barrage of headlines below:Underlying inflation remains too highInflation is not expected to return sustainably to the midpoint...
Reserve Bank of Australia statement due at the bottom of hour – on hold 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,...
European Central Bank President Lagarde speaking Tuesday, Schnabel also
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,...