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,...
Interesting options positioning in gold ahead of US CPI
It’s been very hard to reconcile the recent upside move in gold based on the fundamentals.XAUUSD (9 April 2024)I don’t think that rate cut expectations make sense for the move, as gold waited for markets to start pricing out Fed cuts before the move higher...
US NFIB Business Optimism 88.5 vs 89.4 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 to consider raising inflation forecasts after results of recent wage negotiations
Bloomberg is out with a piece saying that the BoJ is considering raising their inflation forecasts after the solid results in the recent Japanese wage negotiations.Core CPI is seen revised higher with price growth forecasts to be close to 2%The report also noted that...
Metals forecasts by BofA
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USDJPY getting uncomfortably close to 152 (again)
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
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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
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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
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,...