The latest note by Westpac mentions that:"The USD is settling into a steadier day-to-day bear trend and downside likely extends into the mid-Dec FOMC. The FOMC minutes showed staff PCE projections for end-2023 coming in lower again, a pointer to probable downward...
UK minimum wage to be raised by nearly 10%
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,...
Is there any trend surrounding stock market performance on Thanksgiving?
The Thanksgiving holiday will begin tomorrow and US markets will be closed before reopening on Friday. Typically, that also is a pseudo-holiday as thinner liquidity conditions tend to prevail. So, let's try and take a look to see if there are any notable trends in the...
Future3 Campus, TON Foundation Announce Bootcamp for Mini-App Builders
Future3 Campus, in partnership with The Open Network (TON) Foundation, has today announced the launch of The TON Bootcamp, an incubation program to foster mini-app development within TON’s Web3 ecosystem in Telegram. The 15 selected teams may receive support for...
RBA Governor Bullock: Inflation is broad-based, trimmed mean remains too high
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,...
USDMXN Set to Hit the 17.00 Round Number
USDMXN has been trading lower since its peak in April 2020. This pair is important due to its correlation with the USDindex and its implications across markets. The Mexican peso stabilised around the 17.2 level in November, sustaining a six-day rally, as weakening...
FX option expiries for 22 November 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.0925, which isn't one that holds any technical significance. However, the expiries could help to limit any upside price action on the day before rolling off. That being said, the...
Dollar recovers some ground to start the day
USD/JPY is now up 0.4% on the day to 148.90 levels as the dollar is finding some scope for recovery in the transition from Asia to European trading. There's no headlines really driving the move, with bond yields also still largely unchanged for the most part...
OpenAI says Sam Altman is to return as CEO
A tweet by OpenAI:"We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. We are collaborating to figure out the details. Thank you so much for your...
China reportedly set to appoint veteran banker, Zhu Hexin, as new forex regulator chief
According to the report by Reuters, Zhu's appointment to head the State Administration of Foreign Exchange (SAFE) could come as soon as next week. It is one where he would also be named as a PBOC deputy governor to oversee foreign exchange regulatory matters,...
Markets muted ahead of European morning trade
The dollar managed to claw back some losses from yesterday to end up trading fairly mixed by the end of it all. However, it is still in a rather vulnerable spot at the moment despite some technical holds in USD/JPY and AUD/USD - at least for now. Major currencies are...
Poll – Economists predict Bank of Japan will end negative rates policy in 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 PM Kishida assures that the BOJ policy does not aim to manipulate exchange rates
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 Asia-Pacific FX news wrap: Limited FX ranges
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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Bank of England to deliver 50 bps interest rate cuts in Q4 2024: JP Morgan
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 predicts a 35% probability of further OPEC+ ‘insurance’ output 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,...
Chinese Government advisers recommend economic growth target of 5% for 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,...
Goldman Sachs say Chinese stocks could post their first index gains in four years in 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,...
Bank of Canada Governor Tiff Macklem speaks on Wednesday, 22 November
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,...