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,...
Bitcoin slammed lower – sell the Spot ETF approval fact?
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,...
After the NFP data from the US later there is more critical data following – ISM PMI
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 7.1029
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 warns an extended disruption in Strait of Hormuz could double oil price
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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Oil traders note – Biden is drawing up plans that include striking Houthi targets in Yemen
The military is drafting plans to hit back at Iran-backed Houthi militants who have been attacking commercial shipping in the Red Sea, according to three U.S. officials with direct knowledge of the discussions. That includes striking Houthi targets in Yemen, according...
Japan December Services PMI 51.5 (prior 50.8)
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 7.1593 – 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...
Trading basics – how monkeys understand Expected Value and scientists don’t
A team of scientists in Japan have developed technology to turn monkeys into scalpers. OK, not really, the technology turns the monkeys from high risk takers to low risk takers. scientists implanted chips into their brainsused flashes of light from implanted chips to...
Is this confirmation that a spot Bitcoin ETF has been officially approved?
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,...
Here is what to watch for an extreme surprise in Friday’s US employment report
It's a huge day for data from the US on Friday, interest centring on the nonfarm payroll numbers (8.30 am US Eastern time), followed soon after by the ISM Services PMI (10 am):Taking a look at the range of expectations compared to the median consensus (the 'expected'...
Analysts forecast rate cuts by Bank of England, citing softer wage growth & inflation
Snippets from analysts on the 2024 outlook for the Bank of England:Goldman Sachs predict the first rate cut from the BoE in May, a 25bp rate cut to the Bank ratethen further 0.25% cuts at each policy meeting until the base rate hits 3pc by May 2025citing "softer...
The Bank of Japan’s upcoming meeting (Jan 22 – 23) will not see an end to negative rates
The Bank of Japan is next meeting on January 22 and 23.The deadly New Year earthquake has finally extinguished hope (there's that four-letter word again) for an end to BOJ negative rates at this meeting. I find it difficult to believe that anyone even remotely in...
Multiple social media sources suggest imminent approval of bitcoin spot ETF applications
Multiple social media sources, along with news wires, are saying the U.S. Securities and Exchange Commission (SEC) will be approving bitcoin spot ETF applications for multiple firms.Unnamed sources, but the items say these sources are "extremely close to the...
UBS says Fed December meeting minutes are fuelling confirmation bias
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: The USD/JPY rebound continues as ADP beats estimates
Markets:Gold up $3 to $2043US 10-year yields up 9 bps to 3.99%WTI crude down 36-cents to $72.35S&P 500 down 0.3%EUR leads, JPY lagsThe ADP and initial jobless claims numbers led to a bid in the US dollar and selloff in bonds. They raised the stakes for tomorrow's...
US stocks close near session lows
The major US stock indices are closing mixed once again. The Dow Industrial Average eked out a small gain. The S&P index and the Nasdaq index fell and closed near the lows for the day. A snapshot of the closing levels shows:Dow Industrial Average Rosa 10.13 points...
DoubleLine Capital’s Jeffrey Sherman says a March FOMC rate cut is “a little optimistic”
DoubleLine Capital’s deputy chief investment officer Jeffrey Sherman spoke in an interview with Bloomberg TV:“At this stage, we see core inflation has been dampening, the trajectory is right, but the market is definitely extrapolating this into that the Fed is going...
Economic calendar in Asia for Friday, 5 January 2024 – a light one
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,...