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 mid-point today at 7.1031 (vs. estimate at 7.1340)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
RBNZ Policy Meeting: NZD/USD surges
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,...
RBNZ leaves cash rate unchanged at 5.5%, as expected
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,...
Australian dollar dips as monthly CPI falls short of expectations
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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Australian monthly CPI for October 2023 4.9% y/y (vs. expected 5.2%)
Australian monthly CPI for October 2023 % y/yexpected 5.2%, prior 5.6%trimmed mean inflation was 5.3% y/y in October, down slightly from the rise of 5.4% in Septembergoods inflation 4.6% y/y (from 5.7% in Septemberservices inflation 5% (from 5.3%)the m/m CPI was -0.4%...
PBOC is expected to set the USD/CNY reference rate at 7.1340 – 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...
UBS warns of the risk of an impending financial crisis due to private credit bubble
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,...
Hedge fund expert predicts early rate cut from the Federal Reserve
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,...
Hedge Fund chief Bill Ackman says Federal Reserve will cut rates sooner than expected
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,...
Chinese local governments provide capital boost to struggling banks amid property crisis
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 to boost investments in Japanese businesses and real estate
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 America strategist predicts S&P 500 to 5000 in 2024, but concerns in the shadows
Bank of America’s head of U.S. equity and quantitative strategy Savita Subramanian spoke on Tuesday with CNBC. Analysts at the firm have a 5000 target for the S&P 500 by the end of 2024, saying the market has handled Fed rate hikes well. “There’s a high...
Fed’s Goolsbee says he has some concerns about keeping rates too high for too long
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 slumps after Waller puts rate cuts on the table
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,...
Oil – private survey of inventory shows headline draw slightly smaller than was expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US. Via Twitter:--Expectations I had seen centred on:Headline crude -0.9mn barrelsDistillates +0.4 mn bblsGasoline +0.2 mn--This data point is from a...
US stocks rise as Nasdaq leads the way
The major US stock indices are closing the day higher with the Nasdaq index leading the way. The gains today negated the losses yesterday. Recall, that the major indices are up 4 consecutive weeks. Those strings are on the line for the major indices.For the day:DJI...
Asian Economic Calendar: Key Events and Consensus Expectations for 29 November
The Reserve Bank of New Zealand is not expected to move its cash rate at its policy meeting today. Earlier: From Australia is the monthly inflation reading. The monthly CPI data from Australia does not show all components of the CPI, that'll have to wait for the...
Trade ideas thread – Wednesday, 29 November, 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,...