The upcoming week appears to be relatively quiet, with a few notable economic events and speeches from Federal Reserve officials. On Monday attention will be primarily focused on the United States, where data on new home sales will be released. Moving to Tuesday,...
GBP/USD hangs on at key technical support for the time being
GBP/USD daily chartCable did not enjoy much of the second-half of last week, falling to a one-month low in the process. But buyers managed to hang on, putting up a defense at the 200-day moving average (blue line) as seen above. That is helping to arrest any further...
European equites lightly changed as the new week gets 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,...
FX option expiries for 25 March 10am New York cut
There aren't any significant expiries in play for the day ahead. As such, trading sentiment will continue to revolve around the mix of the technicals, risk mood, and broader market sentiment. So far today, there isn't much to really work with as most markets remain...
Little on the data docket coming up in the session ahead
Major currencies are not up to much for now as the dollar keeps steadier so far on the day. The key areas to watch for markets remain the same as last week, as traders are grappling with the aftermath of key central bank decisions. Looking to the sessions ahead, the...
Dollar steady ahead of European morning trade
The dollar managed a solid rebound towards the end of last week and is holding on to that coming into this week. Things are fairly calmer today, with light changes overall seen in the major currencies space. The dollar remains steady, as it looks to procure the next...
A less hectic week beckons after last week’s central bank bonanza
And that is not to mention that it will also be a holiday-shortened week for some key markets. Australia, New Zealand, Canada, and Europe in general will be observing holidays on Friday as the Easter bunny comes to visit. That will make for lesser flows towards the...
ForexLive Asia-Pacific FX news wrap: Verbal JPY intervention, & China state banks buy CNY
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 speakers Monday include Bostic, Goolsbee and Cook
1225 GMT / 0825 US Eastern time: Federal Reserve Bank of Atlanta President Raphael Bostic participates in moderated conversation on "Equitable Economic Development" before the University of Cincinnati Real Estate Center's March Roundtable, in Cincinnati, OhioBostic...
Bank of England Monetary Policy Committee member Mann speaks Monday
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,...
AUD getting another boost from the China intervention to support CNY
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 intervention – China major state banks seen selling USD/CNY
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 Industry Minister with very upbeat comments
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 raised EUR/CHF 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,...
AUD spikes on firm CNY setting
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 reference rate for today at 7.0996 (vs. estimate at 7.2267)
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 vice Commerce minister says will expand opening up to outside world
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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Monetary Authority of Singapore seen loosening policy soon as April, weaker SGD forecast
Bloomberg (gated) have collated some remarks from analysts looking for Singapore's central bank, the Monetary Authority of Singapore, to begin loosening policy perhaps as soon as its April meeting. Inflation cooled in January, February data will ve eyed for clues this...
BOJ not under pressure to accelerate rate hikes at pace that is seen in western countries
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,...