The greenback is sitting lower ahead of European trading as traders keep the post-FOMC reaction from yesterday going. It is a case of sell the dollar, buy everything else or a reversal of the theme that we have been accustomed to for most of 2022. USD/JPY is one of...
How has the Fed funds futures curve shifted after the FOMC meeting yesterday?
There is roughly 26 bps priced in for a move in March next year and that is a much changed timeline from before the FOMC meeting yesterday. Traders had previously priced in that amount for May next year. So, the Fed has essentially just vindicated the aggressive rate...
10-year Treasury yields now under 4% after having hit 5% at the end of October
US Treasury 10-year yields (%) daily chartThe dovish Fed yesterday has more than vindicated the rally in the bond market over the last six weeks and what a rally it has been. At 5% yields in 10-years heading into November, it seemed like a given that yields would end...
Goldman Sachs brings forward Fed rate timing to Q1 2024 from Q3 2024 previously
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,...
JP Morgan now expects an earlier Fed rate cut next year, eyes on June
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ForexLive Asia-Pacific FX news wrap: Yen surges higher, trades under 141.00
The US dollar lost further ground during the Asian session following on from the bombshell pivot from the Federal Open Market Committee (FOMC) and Federal Reserve Chair Powell on Wednesday.EUR, AUD, NZD, GBP, CHF, CAD; all gained further ground vs. the big dollar.But...
Japan data: October Industrial Production (final) +1.3% (prior +0.5%)
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,...
Barclays expect 3 FOMC rate cuts in 2024 (vs. prior one)
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USD/JPY hits 141.00
The US dollar has weakened acrioss th board after the Federal Open Market Committee (FOMC) and Powell on Wednesday.Its lower still in Asia and most notably so against the yen. Apart from what has already been posted there is not fresh news, this is selling piling on...
USD/JPY decline ahead of Bank of Japan meeting, downside beyond meeting is uncertain
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Japan’s ruling party introduces income tax breaks to alleviate the impact of price hikes
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USD/JPY under 142.00
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,...
Berkshire Hathaway buys another half billion $ of Occidental Petroleum shares
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Deflation threat looms in China as GDP deflator contracts for second consecutive quarter
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175bp of rate cuts forecast from the Federal Open Market Committee (FOMC) in 2024
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PBOC sets USD/ CNY reference rate for today at 7.1090 (vs. estimate at 7.1566)
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,...
Nasdaq system error causes stock chaos, orders cancelled
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Australian dollar a little higher after the very strong jobs report
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Australia Nov. Employment change +61.5K (expected +11K) Unemployment rate 3.9% (exp 3.8%)
Labour market report from Australia for November 2023 is another massive rise in jobs. The 'participation rate' - i.e folks in the workforce or looking for work, also rose, which is most likely due to trying to cover the rising cost of living. This participation rise,...