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 7.1016 (vs. estimate at 7.1939)
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 shows little response to the GDP data
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 Q4 2023 GDP +0.2% q/q (vs. expected +0.3%)
Australian Q4 2023 GDP +% q/q expected +0.3%, prior +0.2%For the y/y its up 1.5%expected 1.4%, prior 2.1%The 'Chain price index' is an inflation indication, it rose 2.0% y/y.More:the household savings ratio increased to 3.2%, from 1.9% previously, for the first time...
PBOC is expected to set the USD/CNY reference rate at 7.1939 – 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...
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UBS on investor euphoria, it “isn’t close” to dot-com bubble burst level
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,...
Fed’s Bowman doesn’t comment on the economy nor monetary policy
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 Korean Inflation accelerated in February after three months of declines
More evidence for the argument that the 'last mile' decline in inflation could be a prolonged process. South Korea's February Consumer Price Index (CPI) + 3.1% y/y, fastest jump since Septemberexpected +2.9%, prior +2.8% in Januaryfor the m/m came in +0.5%, prior...
Former New York Fed economist says 3 FOMC rate cuts this year is a reasonable base case
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,...
UK Finance Minister Hunt says must bring down borrowing, reduce debt
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,...
Federal Reserve Chair Powell speaking in Congress on Wednesday, preview: “Less hawkish”
ICYMI my heads up on this from earlier in the week:Federal Reserve Chair Powell is heading to Congress on Wednesday and Thursday to present one of his twice-a-year testimonies.First up will be his appearance before the House Financial Services Committee on March 7:at...
Australian GDP data due today, previewing likely subdued growth
Due from Australia at 11.30am Sydney time (0030 GMT, 1930 US Eastern time), Q4 2023 GDP:Snippets from Commonwealth Bank of Australia, is looking for +0.2% q/q:This would take the annual rate of growth down to just 1.4%, from 2.1% through the year to September....
Bitcoin (BTC) Posts a New All-Time High Before Prices Turn Sharply Lower
Bitcoin (BTC) Prices, Charts, and Analysis:Bitcoin prints a new ATH then slumps by $5kCrypto-relates stocks suffer reversals of differing degrees. Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading Get My Guide The Next Bitcoin Halving...
Forexlive Americas FX news wrap: ISM services on the soft side, BTC and gold hit records
Markets:Gold up $13 to $2128Bitcoin down 5.5% to $63,854US 10-year yields down 7.8 bps to 4.14%S&P 500 down 1.0%JPY leads, CAD lagsThe early indications that it was going to be a rough ride today came from the bond market, where Treasury yields began to tick...
Private survey of oil inventories shows smaller headline crude build 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,...
Major US stock indices close lower on the day led by the NASDAQ
The major US stock indices closed lower on the day led by the NASDAQ index. However, a late day rally in the NASDAQ trimmed some of the declines. At the session lows, the index was down -344.88 points. It is closing down -267.13 points.A snapshot of the closing level...
RBNZ Chief Economist says declines in core inflation are encouraging
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 06 March 2024 – Australian GDP
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 – Wednesday, 6 March 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,...