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...
UK business jumps to its most optimistic in almost two years
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 November business confidence 30.8 (prior 23.4)
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 Industrial production (preliminary) +1.0% m/m (expected 0.8%)
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,...
RBNZ Governor Orr says that core inflation is still too high
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,...
South Korea’s Industrial Output plunges in October, Retail sales slump
South Korea October 2023 data:Industrial output has fallen at its fastest m/m rate since December 2022 at -3.5% (expected +0.5%, prior +1.7%)for the y/y +1.1% (expected +5.2%, prior +2.9%))Service sector output -0.9% m/m (prior +0.5%)Retail sales -0.8% m/m (prior...
2024: “The Year of Bonds” (thats the view according to Goldman Sachs)
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 predicts Brent crude at $93/bbl in 2024, dismiss worries on oil demand
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,...
Bank of America forecasts for US yield curve 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,...
Barclays forecasts bullish US equities growth in 2024 despite near-term cautions
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: October building permits +8.7% m/m (prior -4.7)
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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Forexlive Americas FX news wrap: US GDP revised higher, dovish Fed talk continues
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,...
Stock market sees mixed results as NASDAQ and S&P decline, Dow holds steady
The major US stock indices are ending the day with mixed results. Both the S&P and NASDAQ gave up earlier gains are are closing lower on the day. The Dow industrial average eked out a small gain, but is closing near session lows.A snapshot of the final numbers...
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Asian Economic Calendar: Key Events and Consensus Expectations for 30 November 2023
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 – Thursday, 30 November, 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,...
Crude oil futures surge to settle at $77.86, supported by Saudi production cut hopes
The price of crude oil futures settled at $77.86. That is up $1.45 or 1.9%. Helping the upside wasReports suggesting Saudi Arabia seeks deeper OPEC+ production cuts.Saudi Arabia favoring a reduction of up to 1 million barrels per day (BPD). However, other members,...
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Bank of America sees bonds, bullion and breadth as the three winners in the year ahead
Gold dailyIn a recent forecast that doesn't mince words, BofA Securities' investment strategist Michael Hartnett predicts a significant shift in the financial markets for the final part of 2023 and in 2024. He points towards a trio of winners: bonds, bullion, and...