We are so close to 152 (again) on the USDJPY.With all the recent rhetoric and jawboning we need to keep a close eye on this one.There is no guarantee that they will intervene when we get there, but they would have some explaining to do if they allow it to weaken past...
FMAS:24 – How to Prosper as an Affiliate in the Forex and Crypto Markets
The Finance Magnates Africa Summit 2024 (FMAS:24) offers a prime opportunity for affiliates aiming to establish themselves in the dynamic worlds of Forex and cryptocurrency. Given the potential for substantial gains in these markets, affiliates must equip themselves...
Morgan Stanley raised their Q3 2024 Brent forecast to $94bbl
Another bank to raise their price target for Brent to $94 bbl for Q3 2024.The reasons given by the bank is the continued supply restraints from OPEC, as well as downside in Russia's oil production, as well as upside in seasonal demand.This follows others like BofA and...
EZ mortgage demand keeps falling despite a lower bar
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 Renews Its All-Time Highs, But Oscillators Point to Caution!
US indices underperform compared to global stocks as investors await the latest US inflation data. Oil is trading almost 22% higher in 2024 applying upward pressure on inflation and triggering a more cautious approach to tomorrow’s Consumer Price Index. The US Dollar...
March CPI to leave door open for Fed June rate cut according to BofA
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,...
Risk sentiment mixed as we get the session underway
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,...
French exports 51.05 bln vs 48.81bln prior
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,...
Ueda says guidance does not promise to keep rates between 0.0% & 0.1%
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,...
GBPUSD Technical Analysis – Watch what happens at this resistance zone
USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate...
It’s a very quiet day on the data side
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,...
Ueda says various factors behind FX moves and won’t comment on specific levels
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Japanese consumer confidence 39.5 vs 39.1 prior
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,...
BoJ Ueda says expect rates to stay low even after recent policy shift
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 Asia-Pacific FX news wrap: Kashkari, Suzuki spoke
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Monetary Authority of Singapore expected to keep policy unchanged at this week’s meeting
This preview via Mizuko, I've summarised:The case for the MAS to stay on hold is compellingreflecting opposing, and largely offsetting, shifts in the underlying growth and inflation dynamicssticky inflation with recent upswing is inconvenient, but a lot of inflation...
Martin Schlegel, Vice Chairman-Governing Board, Swiss National Bank speaks on Tuesday
Martin Schlegel, Vice Chairman-Governing Board, Swiss National Bank:at 1630 GMT / 1230 US Eastern timespeech at the International Center for Monetary and Banking Studies (ICMB)Schlegel spoke recently:SNB Vice President Schlegel says the Bank has no target for the...
MUFG say they are less bullish on GBP, cut year-end forecast to 1.2950
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 policy meeting this week – a ‘cheat sheet’ (where to for EUR/USD?)
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,...
Bank of England Governor Andrew Bailey is making an appearance on Tuesday
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,...