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 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
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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Australian dollar a little higher after the very strong jobs report
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 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,...
People’s Bank of China expected to set USD/CNY reference rate at 7.1566 – 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 Consumer Inflation Expectations for December: 4.5% (prior was 4.9%)
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 October Machinery orders +0.7% m/m (vs. expected -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,...
Some Federal Reserve officials changed their forecasts half way through the FOMC meeting
Here's an interesting tweet from the Wall Street Journal's Nick Timiraos:The Federal Open Market Committee (FOMC) meeting was held on Tuesday and Wednesday. So what Powell is saying is that some officials changed their minds halfway through the meeting.What are these...
USD/JPY is extending its losses, on approach to 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,...
UBS analysts expect only a modest upside for US and global equities in 2024.
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,...
Fed’s more aggressive easing path ignites speculation on timing of rate cuts
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,...
New Zealand dollar marked lower after data shows the economy is in contraction
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,...
New Zealand Q3 GDP -0.3% q/q (vs. +0.2% expected)
Data for New Zealand economic growth in the July - September quarter of 2023 ... is very ugly.The priors were revised lower from 0.9% q/q and 1.8% y/y.Stats NZ highlight the key drivers:Downwards drivers -– change in production:Manufacturing was down 3.4...
Brazil’s central bank cut its Selic rate by 50bp, as 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,...
Is the Bank of Japan planning to exit negative rates sooner than expected?
A piece in Japanese media argues that the Bank of Japan may exit its negative rate policy sooner than expected, between January and March, due to the outlook now for Federal Reserve rate cuts on 2024.Nikkei argues:The U.S. Federal Reserve signaled on Wednesday that it...
Asian Economic Calendar: Key Events and Consensus Expectations for 14 December 2023
High-priority data is due from New Zealand and Australia today. But ... its all about the Fed right now isn't it? The party mood that swept across 'risk' has seen AUD and NZD surge, and everything else risk of course:A good result on NZ data or Australian data should...
Trade ideas thread – Thursday, 14 December, 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,...
Forexlive Americas FX news wrap: 2024 dot falls further. No pushback from Powell.
Markets:Gold up $41 to $2020US 10-year yields down 18 bps to 4.03%WTI crude oil up 97-cents to $69.57S&P 500 up 1.2%Russell 2000 +3.5%AUD leads, USD lagsThe trade since the Fed decision has been to dump the US dollar and buy everything else. It started with the...