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,...
EU’s von der Leyen says discussed root causes of trade imbalance with China
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,...
Talks between SEC and Bitcoin ETF issuers advance to key technical details – report
The discussions are said to have moved to sorting out the key technical details, in a sign that the SEC may soon approve Bitcoin ETFs. That being said, there are still sticking points namely whether issuers will create a cash or an "in-kind" settlement mechanism, the...
Japanese yen extends gains, up by nearly 2% against the dollar now
There's no stopping the Japanese yen today as it seems like those who were short i.e. long USD/JPY over the last few months, are all jumping ship. I find it hard to fathom that Ueda's remarks earlier today can be that big of a catalyst. However, it is perhaps a...
Eurozone Q3 final GDP -0.1% vs -0.1% q/q second estimate
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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Japanese yen the main mover so far on the day
USD/JPY is down 1.4% to 145.30 currently with the low earlier briefly touching 145.05 in European trading. The drive lower owes to BOJ governor Ueda's remarks from Asia trading before he went on to align with Tokyo to pin down the spring wage negotiations as the...
Oil Hits Lowest Levels Since June 2023, Moody Downward China
Crude Oil – Oil Declines for a Seventh Consecutive Week The price of Crude Oil has declined to its lowest level since June 2023, marking an almost six-month low. The price of Oil has now declined for a seventh consecutive week. Economists note the decline is...
GBPUSD Technical Analysis – This breakout might be a bad omen for the buyers
USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement.Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.The US Core PCE last...
FX option expiries for 7 December 10am New York cut
There is just one to take note of for the day, as highlighted in bold.That being for AUD/USD at the 0.6545 level, which may keep price action more sticky in and around that before rolling off. That being said, the key technical level to watch will be the 200-day...
European equities hold lower to kick start the day
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,...
USD/JPY sinks to fresh lows in over three months
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,...
France October trade balance -€8.6 billion vs -€8.9 billion prior
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,...
UK November Halifax house prices +0.5% vs +1.1% m/m prior
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,...
Germany October industrial production -0.4% vs +0.2% m/m 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,...
Switzerland November seasonally adjusted unemployment rate 2.1% vs 2.2% 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,...
BOE to hold bank rate at 5.25% through to Q2 2024 – Reuters poll
It's a mixed call though, with roughly 48% of respondents predicting the first rate cut to come in Q3 (although this number is up from 38% in the November poll). Meanwhile, around 30% (or 20/68 economists) are penciling in the first rate cut to come in Q2 next year....
USD/JPY down at the lows for the week after Ueda meeting with PM Kishida
The pair is now down 0.7% to 146.30 and is closing in on the lows for the week as seen on Monday around 146.23 at the time. This comes after Ueda's comments from earlier today, adding to his meeting with Japan prime minister Kishida in the last hour.USD/JPY daily...
BOJ governor Ueda says had regular exchange of views with Japan PM Kishida
Ueda adds that there was no specific discussion on forex with Kishida, adding that the prime minister did not request any special demands either. Even if there was, he wouldn't really be at liberty to tell us now. No?In any case, Ueda confirms that his monetary policy...
A couple of light releases to move things along in Europe later
US stocks were dealt a bit of a setback yesterday and that is setting up for a bit more of a pensive mood ahead of European trading later. That comes despite a fall in Treasury yields, which are bouncing a little today with 10-year yields up 5.5 bps to 4.176%...