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Fed Expected to Cut Rates in December and January: RBC Analysis
RBC preview the December 17-18 Federal Reserve Federal Open Market Committee (FOMC) meeting, expecting a 25bp rate cut at this meeting and then again at the January 31-February 1 2025, meeting pace of easing has already slowedrecent communications from Fed speakers...
PBOC sets USD/ CNY central rate at 7.1896 (vs. estimate at 7.2806)
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 November business confidence -3 vs. prior 5
National Australia Bank monthly survey of business, for November 2024Business Confidence drops to -3prior was +5Business Conditions drop to +2, the lowest since the pandemic (worst since late 2020)prior was +7Some of the sub indexes:sales come in at +5, from +13 in...
PBOC is expected to set the USD/CNY reference rate at 7.2806 – 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...
Australian November business confidence and conditions coming up at the bottom of the hour
While there is no survey of expectations for this report, the October data was improved. The National Australia Bank (NAB) business survey revealed a notable increase in business confidence, reaching its highest level since early 2023. The business confidence index...
Japan’s Economy Minister discusses Q3 GDP data – start of a wage and price cycle
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,...
South Korea says will respond to excess volatility with stabilizing measures
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 Bank of Canada is expected to cut by 50bp again this week – preview
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 Consumer Confidence slumps nearly 3 points in a week
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,...
S&P 500 forecast to hit 7,100
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 for 9 Dec: The USD mixed to start the new week.Stock lower
Market moves:WTI crude oil up $0.99 or 1.47% at $68.19US 10-year yields up 5 bps at 4.203%2 year yield up 3.1 bps at 4.128%Bitcoin down -$4176 or -4.12% at $97,037Gold up $27.75 or 1.05% at $2660.06S&P 500 down -37.42 points or -0.61% at $6052.85Nasdaq -123.08...
Bank of America on the upcoming US CPI report – rally vs. volatilty
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US Dollar mirroring post-election rally; HSBC analysts predict renewed strength
HSBC analysts have noted that the US dollar’s recent movements are closely mirroring its behaviour eight years ago after Trump’s initial presidential election victory. Following the 2016 election, the dollar experienced a sharp rise, paused briefly, and then regained...
Mandala Chain (Powered by Polkadot) Secures $1 Million in Pre-Seed Funding
Mandala Chain, an L1 dedicated to connecting government, enterprise, and retail in emerging markets, announces the successful closure of its pre-seed funding round, raising $1 million.The round was led by Harbour Industrial Capital, with additional participation from...
ICYMI – China opened the taps Monday afternoon
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Reserve Bank of Australia monetary policy Statement due today – what to watch
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 indices close moderately lower across the board
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,...
Economic calendar in Asia 10 December 2024 – Chinese trade data + RBA policy decision
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, 10 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,...