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USD/JPY hits five-month lows in closing stages for the year
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ForexLive Asia-Pacific FX news wrap: Little net change 4 major FX rates after small swings
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BOJ Governor Ueda said the chance of moving rates out of negative in 2024 is “not zero”
Bank of Japan Governor Kazuo Ueda comments was reported with Japanese media, public broadcaster NHK, on Wednesday.His remarks didn't contain any surprises:said he was in no hurry to unwind ultra-loose monetary policycited the risk of inflation running well above 2%...
Japan November Industrial production (preliminary) -0.9% m/m (expected -1.6%)
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,...
China’s ‘state planner’ on measures to expand domestic demand, promote stable growth
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 Thursday, 28 December 2023 – data from Japan
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US Dollar on Cusp of Breaking Down, Key Levels to Watch in Final Days of 2023
US DOLLAR FORECASTThe U.S. dollar, as measured by the DXY index, sinks to its lowest level in five months, with thin liquidity conditions likely amplifying the selloffGrowing expectations that the Fed will substantially ease its stance in 2024 have been the main...
Major European indices close the day higher
The major European indices have gotten off to a modest positive start in the shortened holiday week of trading. Most of the indices were closed yesterday and also on Monday.Snapshot of the closing levels shows:German DAX, +0.21%France CAC, +0.04%UK FTSE 100...
EURUSD surges to new heights: What’s next?
The EURUSD is running higher as USD sellers exert their pressure after the weaker Richmond Fed regional index. The EURUSD price action has now moved within a swing area between 1.1095 and 1.11346. It would take a move above that area to increase bullish bias. The next...
Gold is poised for a record closing high
Gold is on track for an all-time closing high today. It's up $11 to $2077. That would surpass the all-time closing high of $2071 set on December 1.Also notable is that on December 4, gold briefly went super-nova in a sharp rally up to $2135 at the open in Asia before...
Dallas Fed December services sector outlook -8.7 vs -11.6 prior
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Euro breaks through 1.11 as the US dollar continues to slide. What’s next
EURUSD dailyThe euro has passed the 1.1000 test. It has been flirting with that level throughout December but stalled out near 1.1017 several times before finally edging above this week.Given the time of year, it's tough to declare a breakout but today's price action...
US 10 year yield is lower now on the year as traders price in a softer Fed in 2024
US 10 year yield below the closing level from 2022The US 10-year yield is trading at 3.844% currently. That is down 4.0 basis points on the day. The decline today is moving the yield below the closing level from the end of 2022 at 3.886%. The last five trading days...
US December Richmond Fed composite manufacturing index -11 vs -5 prior
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US stocks are trading mixed/little changed in early US trading
The major US stock indices are opening higher after rising yesterday. The major indices are on a 8-week winning streak. Recall from yesterday:Dow Industrial Average rose 159.36 points or 0.43% at 37545.34S&P index rose 20.10 points or 0.42% at 4774.74Nasdaq index...
FXDD Integrates Autochartist to Increase Trading Efficiency
Global Forex and CFD leader FXDD has garnered industry recognition for its ability to weather the passage of time and remain ahead of the curve. In a pioneering effort to increase trading efficiency and facilitate decision-making, FXDD announces the groundbreaking...
Who are the FOMC voting members for next year?
I would say that the dovish and hawkish skew for the Fed is taking on less importance than usual in this current setting and will likely be the case as well for next year. As of late, policymakers tend to communicate in a more consistent manner in trying to cement...
Dollar demise to be the story for next year?
And yet, that only really manifested in the final two months of the year. That after markets and the Fed needing added time to really be convinced of the disinflation process. But even so, the aggressive nature of the rate cuts pricing since November has put the...