The United Kingdom has detected a strain of flu virus commonly found in pigs in a human, for the first time. UK Health Security Agency (UKHSA) found a single confirmed human case of influenza A(H1N2)v, a strain that is similar to flu viruses currently circulating in...
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PBOC sets USD/ CNY central rate at 7.1132 (vs. estimate at 7.1432)
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...
Japan business lobby to discuss negative impact of weak yen
Yomiuri (Japanese medi) with the report that Japan's top business lobby, Keidanren, will discuss the potential negative impact of the yen's weakness on the economy at its meeting next month, on December 4.Keidanren is comprised of major companies including big...
PBOC is expected to set the USD/CNY reference rate at 7.1432 – 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...
Australia October Retail sales -0.2% m/m/ (expected +0.1%)
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,...
ECB President Lagarde signals faster end to bond purchases
European Central Bank President Christine Lagarde said the Bank is likely to discuss speeding up the shrinkage of its balance sheet by ending the last of its bond purchases earlier than plannedLagarde was speaking at a hearing in the European parliament on Monday.The...
UK shop price inflation slows to its lowest in over a year
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 media: Groundbreaking for the end of BOJ negative interest rates has finally begun
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,...
Citi expects S&P 500 to new heights in 2024
Citi expects the S&P 500 to make new highs in 2024:earnings growth is expected to broadenS&P 500 companies reporting positive year-over-year earnings growth is expected to increasefewer stocks likely to experience significant EPS declines compared to both 2023...
Australian weekly consumer confidence 76.7 (prior 74.7)
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 economy faces a mild recession in first half of 2024 , Deutsche Bank projects Fed cuts
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,...
Volkswagen is to slash thousands of jobs – cost cutting citing low productivity
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 27 Nov: US yields move lower and push the US dollar down
It was a quiet Monday in the North American session. At the start of the session,The range of the major currencies was narrowThe EURUSD was trading within a 32-pip trading range. That was well below the 72 pip average over the last 22 trading days (around one month of...
OPEC+ Meeting: Deepening oil cuts on the horizon says an unnamed source
Reuters had a few snippets on the upcoming Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, i.e. OPEC+ meeting this week (begins on November 30). Citing an unnamed OPEC +source the article says that OPEC+ is looking at deepening oil...
US stock indices close modestly lower
The major US indices are closing modestly lower to start the week. The major US indices are on a 4-week up streak. It is only one day, but traders are pausing today.A snapshot of the major indices is showing:Dow industrial average is down -56.68 points or -0.16% at...
Asian Economic Calendar: Key Events and Consensus Expectations for 28 November 2023
Reserve Bank of Australia Governor Bullock will be speaking as part of a panel on "Inflation, Financial Stability and Employment". Also on the panel are Bank of England Deputy Governor Ramsden and Bank of Spain´s governor / ECB monetary policy maker de Cos (he didn't...
Trade ideas thread – Tuesday, 28 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,...
The USDJPY makes new session lows and in the process moves below a swing level. What next?
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,...
Crude oil futures settle at $74.86
The price of WTI crude oil futures are settling at $74.86 down $0.68 or -0.90%.The high price for the day reached $76.18 the low price reached $74.11. Prices have been lower for 4 consecutive days. The softer U.S. Dollar provided support to the oil market, balancing...