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,...
A forecast for Bitcoin to hit $500K after April’s halving, then $5mn by 2032
There are a bazillion crypto/BTC forecasts about, 99.9% for much higher, of course (it's a bit of a wild unregulated market).Near term forecasts focus on the upcoming 'halving':Halving happens every four years for bitcoin its when crypto miners' reward is cut in half...
Changes to members of the Dow Jones Industrial Average coming up.
The last time the Dow made a change was in August 2020, so the removal of some companies and inclusion of others will be the first in nearly 4 years.the reshuffling is expected around the end of February. Walmart is having a 3-for-1 stock split, to take effect when...
US forces preparing to hit Iran-backed proxies across the Middle East – a weekend risk?
U.S. Defense Secretary Lloyd Austin spoke with media on Thursday. He said that the attack against sleeping quarters in northeastern Jordan last weekend that killed three US service members was "egregious," and added that such actions will not be tolerated. He promised...
Bank of England Chief Economist Huw Pill speaks Friday
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,...
US NFP data due Friday – preview
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 sets USD/ CNY mid-point today at 7.1006 (vs. estimate at 7.1655)
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,...
ICYMI: The latest indication of US inflation pressure rose at its fastest since April 2023
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,...
Australian data: Q4 PPI +0.9% q/q (prior +1.8%)
The housing finance results have declined on the month, but from elevated levels. AUD/USD is sitting close its session high, in a very small range.---The q/q slowing in PPI will take some of the pressure off rising consumer level prices.The Producer Price Index (PPI)...
PBOC is expected to set the USD/CNY reference rate at 7.1655 – 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...
Poll shows analysts unanimous in expecting the RBA to remain on hold at February meeting
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 America forecasts Federal Reserve rate cut in June (were previously tipping March)
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,...
Fed Chair Powell will be interviewed on 60 Minutes this Sunday
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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South Korea core inflation rate slows further – lowest in over two years
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Ex-RBA board member says the Australian cash rate may stay around 4.5% for a long 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,...
ICYMI – BoC Gov Macklem warns CAD budget fiscal spend could slow reaching inflation target
Bank of Canada Governor Macklem appeared in parliament on Thursday, addressing questions from a House of Commons committeMacklem was blunt with the big spenders (pps. this is not a political criticism, all parliamentarians are the same):said government should avoid...
New Zealand December building consents +3.7% m/m (prior -10.6%)
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 1 Feb: Dollar moves lower with yields on jobs slowdown
The day in the US session started with the USD as the strongest of the major currencies. At 8:30 AM ET, when the US initial jobless claims data and quarterly employment cost data was released and showed weakness, the dollar started to give up gains. Earlier - before...
Gold Price Forecast: US Jobs Data to Shape Near-Term Trend, Setup on XAU/USD
GOLD PRICE OUTLOOKThe U.S. nonfarm payrolls survey will steal the limelight on FridayA weak jobs report should be bullish for gold prices, while strong data should be negative for the precious metalThis article scrutinizes gold’s technical outlook in the near termMost...