UBS expects the Federal Reserve to resume rate cuts later this year, despite its recent decision to hold rates steady. The U.S. central bank kept rates unchanged last week for the first time since beginning its easing cycle in September, citing persistently elevated...
PBOC is expected to set the USD/CNY reference rate at 7.2780 – Reuters estimate
Tariff issues continue to simmer:***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...
Japan government official says December household spending best since Auguist 2022
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,...
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Recapping Dallas Fed’s Logan – Rate path in 2025 depends on economic conditions
Dallas Federal Reserve President Lorie Logan spoke earleir: Logan provided some 'forward guidance, outlining two possible paths for U.S. monetary policy in 2025: suggesting that the Federal Open Market Committee (FOMC) could either resume rate cuts soon or maintain...
Japan finance minister Kato says Seven & I buyout will be handled appropriately
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 non-farm payroll preview – the underlying labor market remains solid
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,...
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Japan data: December Household Spending YoY +2.7% (vs. expected: 0.2%, previous: -0.4%)
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,...
More from Fed’s Logan – estimates of neutral rate vary widely, but most have moved up
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 Securities on RBA rate cuts, inflation remains key driver
I posted yesterday on Bank of America's view that the Reserve Bank of Australia would cut three times in 2025:Via a note from TD Securities (from a few days ago ICYMIO), analysts there suggest that recent activity data does not indicate an urgent need for the Reserve...
Fed’s Logan: Says 2025 choice is to resume cutting soon, or to hold ‘for quite some time’
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,...
BOC Gov Macklem says Trump’s tariff threats weighing on business, household confidence
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: Pound bounces back after rate cut
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Meta Chief Executive Mark Zuckerberg was at the White House on Thursday for meetings
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,...
Gold Price Forecast: UBS Boosts Target to $3000 Amidst Global Uncertainty
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,...
US equity close: An afternoon dip is bought
SPX intradayClosing changes for the main North American markets:S&P 500 +0.3%Nasdaq Comp +0.5%DJIA -0.3%Russell 2000 -0.5%Toronto TSX Comp -0.4%It was a bit of a strange one with a strong dump in stocks in the US afternoon that was eventually swallowed up. There...
Trade ideas thread – Friday, 7 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,...
Economic calendar in Asia 07 February 2025 – speeches from BOC Gov Macklem, Fed’s Logan
A couple of high profile speakers on the data calendar:Bank of Canada Governor Macklem speaking again after last week's rate cut:Also Federal Reserve Bank of Dallas President Lorie Logan. I can't recall the last time Logan spoke publicly. Logan tends to be on the more...
January non-farm payrolls preview by the numbers: Positive signs abound
Consensus estimate +170K Estimate range +60K to +250KDecember was +256K Private consensus +141K versus +223K priorUnemployment rate consensus estimate 4.1% versus 4.1% priorPrior unrounded unemployment rate 4.0855%Prior participation rate 62.5%Prior underemployment U6...