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,...
ECB’s Villeroy: Next policy move should be lowering rates barring any surprises
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,...
France November final CPI +3.5% vs +3.4% y/y prelim
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,...
ECB’s Villeroy: Nobody suggested rate cuts at latest 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,...
Bundesbank sees German economy contracting this year, then mild growth in 2024
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 15 December 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.0950, in which I detailed its potential impact in this post here. Besides that, there isn't any significant ones that should impact price action across the board before we wrap up...
USD/JPY maintains downside break heading into final stretch of the week
USD/JPY vs US Treasury 10-year yields (%) daily chartThe key catalyst for the dive lower this week was a more dovish Fed. That also led to a big rally in bonds, with 10-year yields still trading under 4% at 3.95% on the day currently. In turn, that translated to a...
EUR/USD held back closer to 1.1000 for now, awaits PMI data
EUR/USD daily chartA more dovish Fed and less dovish ECB are the major drivers for EUR/USD this week, with the pair accelerating gains since Wednesday from 1.0800 to 1.1000 overnight. The latter figure level is holding back the upside momentum for now, after having...
PMI data in focus in European trading today
The dollar is little changed on the day amid varying ranges among major currencies, with the Japanese yen continuing to see larger movements overall. USD/JPY is back to flattish levels to 141.85 but is off its earlier high of 142.46 in early Asia trading. The...
ECB’s Muller says too early to talk about rate cuts in the near-term
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,...
Barclays now sees the ECB delivering first 25 bps rate cut in April next year
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: Chinese yuan gains – strong setting, mixed data
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,...
Goldman Sachs is forecasting an initial rate cut from the Bank of England in June 2024
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,...
Deutsche Bank on Powell’s “breaking out the punchbowl early”
Deutsche Bank response to the FOMC/Dots/Powell presser on Wednesday is a note titled: “December FOMC: Powell breaks out punchbowl early at the holiday party.”Says the new developments don't impact their base case for rate cuts next year:Powell’s dovish tone Wednesday...
BOJ meet next week – no change to policy expected, but could come as soon as January
Via the latest Reuters poll on the Bank of Japan outlook, main points:BoJ will begin to unwind ultra-loose monetary policy in January, 21% of economists say. BoJ will end negative interest rates in 2024, 84% of economists say in their end-quarter forecast; from 71% in...
ICYMI – US regulator (SEC) will take a “new look” at spot bitcoin ETF applications
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,...
Reports that China is likely to set 2024 growth target at around 5%
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,...
China’s economic recovery: NBS anticipates meeting full-year targets
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,...
Westpac NZ forecasts no rate hikes, or cuts, from the RBNZ in 2024
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,...
Ex-Fed Dallas head Kaplan says not to overreact to Powell – rate hike options left open
Former Dallas Federal Reserve President Robert Kaplanspoke in an interview with US media, CNBC, on Thursday. Kaplan spoke about Powell's less-than-hawkish press conference:“This was a conversation destined to happen. He had to preview it at some time, and chose...