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,...
RBNZ cash rate left unchanged at 5.5%
This Reserve Bank of New Zealand meeting was 'live', with more than one bank expecting a rate hike. Not to be though.Cash rate left at 5.5%RBNZ forecasts: Sees official cash rate at 5.59% in June 2024 (prior 5.67%)Sees official cash rate at 5.47% in March 2025 ( prior...
Australian data – Q4 Construction Work Done 0.7% q.q vs. 0.8% 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,...
AUD/USD dipped on the CPI data but is now little changed
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 7.2023 – 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...
Australian monthly inflation (January 2024) 3.4% y/y (vs. 3.6% 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,...
Euro Technical Analysis & Trade Setups – EUR/USD, EUR/GBP and EUR/JPY
Most Read: US Dollar Forecast - PCE Data Takes Center Stage; Setups on EUR/USD, GBP/USDEUR/USD FORECAST - TECHNICAL ANALYSISEUR/USD saw a slight decline on Tuesday but managed to stabilize above the 1.0835 area, where trendline support intersects with the 200-day...
Some talk that US House Speaker Johnson willing to move funding deadline
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,...
TD bullish risk, bearish USD: global economy strong, China stabilizing, Fed to cut
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 vice foreign minister wants even stronger strategic coordination with Russia
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,...
UBS outline a case for the S&P 500 to rise 20% in 2024 (spoiler – AI takes off)
UBS have published their list of 10 potential surprises for 2024. UBS do not consider any of the surprises to be likely, but they do highlight them as unexpected events that could happen. The first on their 'surprise' list is a 20% rise for the S&P 500.UBS' base...
JP Morgan warns US equity rally at risk – higher for longer Fed, stagflation, election
JP Morgan equity analysts note investor sentiment is predominantly bullish, resulting in a consensus view on the "goldilocks outcome".But outline concerns brewing:inflation could rise due to loose financial conditions, strength in the jobs market, high government...
UBS says not to expect a sudden Bank of Japan rate increase
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 CEO David Solomon expresses uncertainty about avoiding a US recession
Goldman Sachs CEO David Solomon spoke at a UBS Group conference on Tuesday. He says he is uncertain that the US can avoid a recession:The world is set up for a soft landing. The market certainly perceives there’s a very, very high delta to a soft landing. My own view...
Private survey of oil inventories shows much larger 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,...
Forexlive Americas FX news wrap: US consumer confidence dips
Markets:Gold down $1 to $2029WTI crude up $1.05 to $78.63US 10-year yields up 1 bps to 4.31%S&P 500 up 9 points to 5078JPY leads, CAD lagsIt was tough to find any movement in the FX space on Tuesday. The yen was stronger coming into US trade on a...
Nasdaq leads the way. S&P higher but short of record high close
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 28 February 2024: RBNZ day and Australian monthly inflation 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,...
Trade ideas thread – Wednesday, 28 February, insightful charts, technical analysis, ideas
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,...
This pipeline belongs in the cost-overrun hall of fame
AI imageIn a sane world, a country would take a long look in the mirror after what happened with Canada's Trans Mountain pipeline.Just today, the Canadian government announced the pipeline will cost another $3.1 billion. Stop me if you've heard that one before. The...