The technical storyboard better explains the situation in AUD/USD at the moment. The pair has very little to work with to start the new week but is holding slightly lower. Taking a look at the charts, we can see that:AUD/USD daily chartAUD/USD is falling now after...
EUR/USD looks to try and get out of the mud
At some point last week, the pair looked poised for an upside break with the high touching 1.0888. All that before the dollar rebounded and we saw a daily close back under its 200-day moving average. Today, that key level (blue line) is once again looking to be...
Market Outlook for the Week of February 26th – March 1st
The week will kick off with the print of U.S. new home sales data on Monday. Tuesday will bring additional data releases in the U.S. including durable goods orders m/m, core durable goods orders m/m, CB consumer confidence and the Richmond manufacturing index. On...
SNB total sight deposits w.e. 23 February CHF 480.5 bn vs CHF 477.1 bn prior
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Oil and the New Zealand Dollar Decline After Weak Economic Data!
The New Zealand Dollar witnesses a quick decline as we approach this week’s central bank decision and press conference. The NZD falls 0.50% within the first three hours of trading. Oil drops to the lowest price since February 15th after investors price in a delayed...
G7 finance ministers, central bankers reportedly set to meet later this week in Brazil
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European equities in a more tepid mood at the open today
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FX option expiries for 26 February 10am New York cut
There aren't any major expiries to take note of for the day. As such, trading sentiment will remain tough to sort out after the mixed flows from Friday last week. The bond market remains a focus point as noted here.As for the expiries, please be reminded that I will...
The bond market invites more questions ahead of month-end
It's a tough one to figure out, besides a likely technical pushback in 10-year yields at the 100-day moving average:US Treasury 10-year yields (%) daily chartThe fall on Friday sees yields drop a little further today as well to 4.228%, down 3 bps on the day. The...
ForexLive Asia-Pacific FX news wrap: NZD drips lower
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Monday – Kansas City Fed President Jeffrey Schmid eddresses Economic Club of Oklahoma City
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Bank of England Deputy Governor Breeden and Chief Economist Pill are speaking on Monday
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Japanese inflation data due on Tuesday core to drop under 2% for the first time in 2 years
Japanese CPI data is due at 8:30 am Tokyo time on Tuesday, 27 February 2024:2330 GMT on 26 February and 1830 US Eastern time on 26 February The expected "core" consumer price index (CPI), which excludes fresh foods but includes energy items at 1.8% would be under the...
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Goldman Sachs Brent crude oil forecast up to $87/barrel (from $85) on Red Sea disruption
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European Central Bank President Lagarde is speaking on Monday
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Reserve Bank of New Zealand meet this week (Feb 28) – preview
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National Australia Bank bullish AUD/USD, see 0.72 by year-end 2024
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PBOC sets USD/ CNY reference rate for today at 7.1080 (vs. estimate at 7.1998)
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USD rising in Asia Monday morning trade
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