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 Japan preview – traders will focus on Governor Ueda’s following press conference
I posted a preview of the Bank of Japan statement due today earlier:And also, more significantly, some fresh info from Japan's Nikkei on what's coming up in the Outlook report:Adding this now, from Reuters, a good summary of where we are at and what to expect:Some...
Head of Australia’s sovereign wealth fund says still a way to go to get inflation down
Comments from Chair of Australia's sovereign wealth fund, Peter Costello, ahead of the Reserve Bank of Australia meeting in a couple of weeks (February 5 and 6):are signs that inflation in Australia is beginning to moderateremains a long way to go to get prices back...
Weekly survey of Australian Consumer Confidence 84.4 (prior also 84.4)
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 says global hedge funds are piling into U.S. technology stocks
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 Japan to revise price outlook for fiscal 2025
Japan media, Nikkei, says the BOJ will revise its CPI forecasts today:The Bank of Japan will revise its forecast for the rate of increase in the consumer price index (excluding fresh food) through fiscal 2025, and will assess the sustainability of the virtuous cycle...
Investor belief has pivoted to view the economy as bullet-proof.
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 22 Jan: Quiet start to the new FX trading week
The start to the new trading week is off to a slow start. Remember, the FOMC is in the quiet period ahead of their interest rate decision on January 31. On the economic calendar, the only release was the Conference Board Leading Index which is supposed to foreshadow...
US, UK military have carried out a new round of strikes in Yemen against Houthi terrorists
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 December services PMI 48.8 (prior 51.2)
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,...
Reserve Bank of New Zealand to consult on loosening (macroprudential) policy
Reserve Bank of New Zealand consultation on DTI and LVR settings, will close on March 12. In summary, Headlines via Reuters: Launched consultation on activating debt to income (DTI) restrictions and loosening loan to value ratios (LVRs) for residential lendingPropose...
US stocks close higher to start the trading week
Major US stock indices are closing higher. The S&P and Dow 30 indices are both closing at record levels. The Nasdaq index is closing at the highest level since January 4, 2022. The high) for the NASDAQ index was back on November 19, 2021 at 16057.44. The high...
Economic calendar in Asia – Tuesday, 23 January 2024 – Bank of Japan policy statement 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 – Tuesday, 23 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,...
Tesla’s Share Price: What to Expect from Q4 Results
Article by IG Market Analyst Monte SafieddineTesla (TSLA) Q4 Analysis, Charts, and PriceWhen is Tesla’s results date?It’s expected to get volatile for Tesla’s share price on Wednesday, January 24th after market close, as that’s when they’ll be releasing their...
Bitcoin trades below $40,000 first time since December 3
Bitcoin falls below $40000The price of Bitcoin is trading to a new session low, and in the process, the price is breaking below the $40,000 level for the first time since December 4. The price is also falling below it 38.2% retracement of the move up from the...
EURUSD range is modest for the day, but what next for the pair/traders?
The EURUSD has been trading in a narrow 32 pip trading range for the day with a low near the low of a swing area at 1.0878 and a high near 109097. That level was the high from not last week, but the week before that (starting on January 8). The narrow range may not be...
WH Brainard: Lackluster recovery in China has not had strong effect on US economy
The White House economic advisor and former Fed governor is on the wires saying:Lackluster recovery in China has not had particularly strong effect on US economyAlso from the White House NSC Coordinator for communications John Kirby said the Biden administration who...
NZDUSD trade near lows but remains above a key cluster of support
The NZDUSD is trading to new session low, and in the process is retesting its 200-day moving average at 0.60893. That is the high of a cluster of support including a swing area between 0.60788 and 0.60856, and the fit percent midpoint of the move up from the October...
Crude oil rally surges past $75, reaching new heights.
Crude oil moves above $75.00The price of Crude oil is moving above $75 to a high of $75.11 so far. The last time the price moved above the $75 level was on January 12 with the swing high reaching $75.24. The end of December highs reached to $75.66 and $76.18. Those...