Ahead during Europe/US session from the ECB:0500 GMT / 0000 US Eastern time - Participation by ECB chief economist Philip Lane in virtual policy panel at 6h annual meeting of Central Bank Research Association’s (CEBRA) International Trade and Macroeconomic program...
ForexLive Asia-Pacific FX news wrap: USD weakness continues
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,...
Australia – iron ore transport – train drivers to take industrial action
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Reserve Bank of Australia Governor Bullock is speaking on Tuesday, Sydney time
At 10 am Sydney time, which is 2300 GMT and 1800 US Eastern time:Panel Participation by Michele Bullock, Governor, at the ASIC Annual Forum, MelbourneAt 10.45 am Sydney time, which is 2345 GMT and 1845 US Eastern time:Speech by Carl Schwartz, Acting Head of Domestic...
USD weakening further in Asia trade, USD/JPY towards 149.00
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 America forecasts higher for longer Fed Funds rates, sees upside risks
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,...
GBP traders heads-up: Bank of England Governor Andrew Bailey to speak on Monday
1845 GMT / 1345 US Eastern time: Bank of England, Governor, Andrew Bailey speaks 2023 Henry Plumb Memorial LectureText to be published on 20 November 2023 at 6.45pm UK time---The Henry Plumb Memorial lectures are billed as :bringing together key players from the...
Investors not prepared for 2024: surprising contrarian trades revealed
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,...
Offshore yuan (CNH) jumps higher after strong setting for onshore yuan (CNY)
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PBOC sets USD/ CNY reference rate for today at 7.1612 (vs. estimate at 7.2320)
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 finance minister Suzuki says once-in-a-lifetime chance to beat deflation
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PBOC is expected to set the USD/CNY reference rate at 7.2320 – 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...
Pimco makes bold yen buying move, forecasting Bank of Japan monetary tightening
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 surges as Javier Milei triumphs in Argentina’s Presidential Election
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Milei wins Argentina’s presidential election, Massa concedes
Economy Minister Sergio Massa was the candidate for the ruling coalition> He has done the numbers, recognised defeat and conceded in the presidential run-off. Libertarian lawmaker Javier Milei will be Argentina's next president.Background to this:---Argentina's...
Barclays analysts report that US tech stocks are currently trading at significant premium
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People’s Bank of China sets its Loan Prime Rates today, expectations are for unchanged
The People's Bank of China sets its Loan Prime Rate (LPR) for the one- and five-years today. Due at 0115 GMT, which is 9.15 pm US Eastern time.The MLF is a useful guide to the LPR setting.Current LPR rates are:3.45% for the one year4.20% for the five yearLast week the...
Moody’s upgrades Portugal and affirms Italy’s Ratings
Rating actions from Moody's noted, some positive news for these euro countries: Moody's upgrades Portugal's ratings to A3 and changes Outlook to StableMoody's affirms Italy's Ratings At Baa3, and changes the Outlook to Stable from Negative Meanwhile DBRS Morningstar...
Iran-backed terrorists seize ship in Red Sea
Yemen’s Houthis say they have taken control of a ship, the Galaxy Leader, in the southern Red Sea:hijacked the British-owned and Japanese-operated cargo ship, reported to be partly owned by an Israeli businessmanat least 22 people onboardThe Iran-backed terrorist...
Trade ideas thread – Monday, 20 November 2023
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,...