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 Bostic: expects more progress on inflation, but could be bumpy
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Weak verbal intervention on the yen from Japan’s finance minister Suzuki
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Former Fed economist says the Fed is needlessly delaying rate cuts – “the risks are real”
Claudia Sahm in the Financial Times (gated).Sahms argues that the rise of 525bp in the Fed Funds rate in 2 years, while placing the housing market under pressure, is also squeezing prices higher as people who have low, fixed-rate mortgages are unwilling to sell. New...
Bostic says the Fed is likely to consider rate cuts soon, but doesn’t face urgency
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Gold Prices Bounce off Confluence Support, Markets Eye US PPI for Fed Cues
GOLD PRICE FORECASTGold prices advance following disappointing U.S. economic dataAll eyes will be on the U.S. PPI report on FridayThis article explores key tech levels to keep an eye on in XAU/USDMost Read: EUR/USD Gains After Weak US Retail Sales but US PPI Poses...
JP Morgan says economic growth in China has steadied, will improve
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5 reasons the RBA will not cut rates in 2024, & the jobs market data makes it more certain
The employment report from Australia yesterday was a shocker:The consensus take on the report is that this cements no further rate hikes from the Reserve Bank of Australia. In addition, market pricing shifted from a 25bp rate cut in November to a cut in September....
UBS remain positive on commodities over the medium term
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Market chatter that ECB will ‘tweak’ its statement in March, odds of June rate cut firming
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US stocks close higher. S&P now up on the week.
US stocks are closing higher for the 2nd consecutive after tumbling on Tuesday after the stronger US CPI data. The Dow and S&P are now in positive territory for the week. The Nasdaq is still down on the week, but chipping away at the sharp -1.8% fall on Tuesday....
Forexlive Americas FX news wrap: US dollar gives back the CPI gains on light retail sales
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 data – January manufacturing PMI 47.3 (prior 43.1)
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 16 February 2024 – another light one
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Trade ideas thread – Friday, 16 February, insightful charts, technical analysis, ideas
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Morgan Stanley: Japan’s MoF not rushing to counter JPY weakness
USDJPY dailyMorgan Stanley observes that despite USD/JPY surpassing the 150 mark following strong US CPI data, Japan's Ministry of Finance (MoF) showed only moderate concern through verbal intervention. Their commentary suggests that while rapid currency movements are...
Crude oil futures settle at $78.03
The ups and downs continue this week in crude oil with a rise today of $1.39 or 1.81% to a settlement price of $78.03. On Monday the price moved higher, and on Tuesday the price rotated back to the downside, and today after first moving lower, the price has snapped...
The NZDUSD buyers are making a play away from a cluster of long term technical levels.
The NZDUSD buyers based the pair today at the 200 and 100-day MAs near 0.6075 to 0.6078. Those were just above the 50% of the move from the October 2023 to the December 2024 high. That midpoint comes at 0.6070. So with the cluster of key technical levels - the 50%,...
RBNZ Governor Orr: Flexible approach to inflation targeting remains appropriate
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Waller Q&A: Crytpo to me is like baseball cards
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