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,...
Australia Westpac Leading Indicator, looks to be stabilisation rather than a cycle upturn
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,...
Japan data – December exports +9.8% y/y (expected +9.1%)
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,...
Deutsche Bank survey shows a third of respondents expect Bitcoin under $20,000 by end 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,...
UBS predicts rise in EUR/CHF and also say that USD buying looks stretched
Via UBS on the CHF, EUR and USD.Firstly, on EUR/CHF: UBS forecast EURCHF will trade in a 0.95 to 1.00 range, despite it being just under 0.95 as of the date of the noteits end Q1 forecast is 0.97EURCHF has rebounded from under 0.93 late in 2023 and into the beginning...
Swiss National Bank President Jordan spoke Tuesday on the CHF, inflation and the economy
ICYMI - Swiss National Bank President Thomas Jordan spoke on Tuesday, at an event in the Swiss town of Brig. Jordan once again addressed the strong Swiss franc, saying it has helped to cap inflation:“The nominal appreciation of the franc has lowered inflation” “The...
Australia January preliminary PMIs: Manufacturing 50.3 (prior 47.6) Services 47.9 (47.1)
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,...
NZD/USD is jumping after a huge 5.9% non tradable inflation number in the Q4 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,...
New Zealand Q4 CPI 0.5% q/q (expected 0.5%) and 4.7% y/y (expected 4.7%)
New Zealand inflation data for the October - December quarter of 2023Inflation in NZ is subsiding, a welcome relief for consumers and the Reserve Bank of New Zealand. Its not all good news though, domestic inflation, measured by 'non-tradeables' has come in at a...
Oil – private survey of inventory shows much larger headline draw than was expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.Via oilprice.com on Twitter:---Expectations I had seen centred on:Headline crude -2.2mn barrelsDistillates +0.3 mn bblsGasoline +2.3 mn--This data point...
US military has struck Iran-backed militants in western Iraq
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: US dollar flexes its muscles
Markets:Gold up $6 to $2027US 10-year yields up 4.2 bps to 4.135%WTI crude oil down 21-cents to $74.55S&P 500 up 14 points to 4864NZD leads, EUR lagsIt wasn't a blockbuster day in any market as we await some of the top-tier data in the back half of the week....
Netflix and Texas Instruments announces earnings after the close
Texas Instruments Inc (TXN) Q4 2023 Earnings:EPS: $1.49, BEAT expectations of $1.46.Revenue: $4.00 billion, MISSED expectations of $4.12 billion.Guidance: Q1 revenue projected between $3.45-3.75 billion, below expectations of $4.09 billion. Q1 EPS view is $0.96-$1.16,...
Economic calendar in Asia 24 January 2024 – New Zealand Q4 inflation data due
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,...
Trade ideas thread – Wednesday, 24 January, insightful charts, technical analysis, ideas
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,...
Major US stock indices close mixed. Dow snaps 3 day win streak
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 was harder: Buying China yesterday or buying it today?
Hang Seng dailyWas it harder to buy Chinese stocks yesterday as the Hang Seng broke below the 15,000 level and touched the lowest since October 2022? Or harder to buy today after a 2.6% bounce on a report that China could line up $278 billion of money to be poured...
Crude oil settles at $74.37
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,...
AUDUSD sellers gain momentum as price dips below key moving averages
If I were to give a technical tilt for the AUDUSD, the bias is to the downside. Looking at the 4-hour chart, The price is now below the 200-hour moving average 0.65779 (green overlay line on the chart below). Bearish The price is also below the 50% midpoint of the...
Apple scales back on autonomous car plans in a sign of the times
Driverless cars are as real as this imageIn Elon Musk's telling, the world is always one year away from cars that drive themselves.However in the real world, there are increasing signs that it's not coming and might not for a long time. I've been writing about this...