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...
ICYMI – JP Morgan notes that Bitcoin has surpassed gold in investor portfolio allocation
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 data – January Machinery Orders -1.7% m/m (expected -1.0%)
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,...
Weekend – ECB’s Knot says a eurozone recession has been avoided
Dutch Central Bank President and thus European Central Bank (ECB) board member Klaas Knot spoke over the weekend. The interview was focused on Knot wanting the new Dutch government being careful not to extend fiscal stimulus, ie spending, too much, but Knpot did have...
Reserve Bank of Australia meet this week – on hold decision 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,...
North Korea fired what could be a ballistic missile (Japan’s coast guard announcement)
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,...
Weekend – Another attack on a Russian oil refinery
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 expect 3 Federal Reserve rate cuts in 2024 (from 4 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,...
New Zealand services PMI for February 53.0 (prior 52.2)
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,...
Financial Times front page says high Federal Reserve interest rates needed for longer
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,...
Russian election result is unsurprising – Putin stays in power
Just noting the result of Russia's election. No surprise, Putin gets another six year term. He's giving a speech in which he continues to promise war, saying we have to defend with weapons. I know this triggers people to defend Putin, but he is a wanted war criminal,...
Trump says if he’s not elected “going to be a bloodbath for the country” (on car tariffs)
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,...
Weekend: China finance minister Lan Fo’an reaffirmed the need for proactive fiscal policy
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,...
Weekend – de Cos says European Central Bank could start cutting interest rates in June
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 18 March 2024 – China February ‘activity data’
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,...
Trade ideas thread – Monday, 18 March, 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,...
Monday morning open levels – indicative forex prices – 18 March 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,...
Markets Week Ahead: Nasdaq Slips, Gold Steadies, Central Banks on Tap
Markets Week Ahead: Nasdaq Slips, Gold Steadies, Central Banks on Tap Recommended by Nick Cawley Building Confidence in Trading Get My Guide The economic data and central bank calendars are packed full next week with a range of potentially market-moving releases. Five...
Newsquawk Week Ahead: FOMC, BoJ, RBA, BoE, SNB, PBoC LPR, NVDA GTC, UK, Japan & Canada CPI
Week Ahead, March 18-22ndMon: Chinese Retail Sales (Feb), EZ Final CPI (Feb)Tue: BoJ Announcement, RBA Announcement; German ZEW Survey (Mar), Canadian CPI (Feb)Wed: FOMC Announcement, PBoC LPR, BCB Announcement, CNB Announcement, BoI Announcement, Japan Market Holiday...
Bitcoin technical analysis: Probably going to 69k
Welcome to our latest Bitcoin technical analysis! We delve into the daily timeframe, examining the recent movements and potential future directions of Bitcoin.🔍 Today's bitcoin technical analysis highlights:Observation of the past two daily candles and their proximity...