News from the Central Bank of the Russian Federation on thuersday saying that exporters had increased foreign currency sales to $13.9 billion in November from $12.5 billion in October.Citing capital controls intended to proper up the local currency, in early October...
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USD/JPY hit hard after the terrible GDP figures, back under 143.50
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 is expected to set the USD/CNY reference rate at 7.1427 – 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...
Japan Q3 GDP -0.7% q/q (preliminary was -0.5%, prior +1.2%)
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,...
Japan finance minister Suzuki says closely watching FX moves
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 forecasts first rate cut from European Central Bank (ECB) in April 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,...
Japan data: Oct Wages +1.5% y/y (prior +1.2%), Household spending -2.5% y/y (expected -3%)
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 Treas Sec Yellen satisfactied with the strong performance Fed and the US economy
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 England has urgently requested details on private credit exposure
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,...
Analyst predicts that the BOJ will end to negative interest rates by March 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,...
It’s the most wonderful time of the year, US equity index futures rollover date
Its that time again for traders of futures, specifically US equity index futures for this post.The 'Roll' date is approaching. Via the CME website (in summary, there is more at the link):Equity products roll date is the Monday prior to the third Friday of the...
Australia’s Treasurer has a new monetary policy statement with Reserve Bank of Australia
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,...
Massive drop in USD/JPY and yen crosses. Technical analysis suggests gap fill ahead.
What a tsunami for USD/JPY on December 7! A massive cascade lower for USD/JPY and yen crosses more widely. Looking at it now from a technical perspective, its clear that the slice lower from the break of 144.00 to lows circa 141.75 has been 'gap filled'. Over coming...
New Zealand Q3 data: Manufacturing sales volumes -2.7% q/q (prior +2.9%)
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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Forexlive Americas FX news wrap: USD/JPY gaps lower after break of 144.00
Markets:JPY leads, CAD lagsWTI crude oil up 26 cents to $69.64US 10-year yields up 1.7 bps to 4.13%S&P 500 up 33 points, or 0.7%, to 4590Gold up $4 to $2028It was all about the yen today as USD/JPY briefly fell nearly 600 pips. The breakdown started in Asia after...
Asian Economic Calendar: Key Events and Consensus Expectations for 08 December 2023
more to comeThis snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to...
Trade ideas thread – Friday, 8 December, 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 indices close higher. Nasdaq index soars by 1.37%
Major US stock indices moved higher with the Nasdaq index outperforming. The Dow Industrial Average lagged. A snapshot of the close levels shows:Dow Industrial Average rose 62.95 points or 0.17% at 36117.39S&P index rose 36.23 points or 0.80% at 4585.58Nasdaq...