USThe Fed left interest rates unchanged as expected at the last meeting.The macroeconomic projections were revised higher, and the Dot Plot showed that the FOMC still expects another rate hike by the end of the year with less rate cuts projected in 2024.Fed Chair...
Japan PM Kishida: Income, individual resident tax cuts desirable to hasten deflation exit
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,...
Market Update – October 26
Stocks and bonds were routed midweek. Tech shares were slammed after poor earnings news from Alphabet knocked its shares down nearly -10%, spreading gloom across the sector. A surge in Treasury yields added to the selloff. Meanwhile, ongoing signs of the strength in...
German firms remain pessimistic about business prospects for the year ahead
Only 13% of companies expect business to improve in the next 12 months35% of companies expect a deterioration in business conditions insteadBut current business situation is assessed more positively (30%) than negatively (21%)51% of companies see current economic...
S&P 500 Technical Analysis – We are at a crucial support level
This week started like the last one with a broader rally in the markets as the risk sentiment got supported by another lack of a ground operation in Gaza over the weekend and the positive news about a couple of hostages being released. Yesterday, on the other hand, we...
Tech stocks set for a nasty day ahead
The question now will be one asking about the resolve of dip buyers in the day ahead. After the poor reception to Meta and Alphabet's earnings releases, it is looking rather dire for overall equities sentiment as tech shares are proving to be the real drag. The Nasdaq...
An ugly start to the day for European equities
Eurostoxx -1.1%Germany DAX -1.3%France CAC 40 -1.1%UK FTSE -0.6%Spain IBEX -0.7%Italy FTSE MIB -0.8%It's looking rough out there as the drop today looks to wipe out the weekly gains for European indices. US futures are also falling further now with S&P 500 futures...
Quick move lower in USD/JPY
The pair just hit an air pocket of sorts, falling from 150.70 to 149.85 before keeping around 150.40 levels currently. It doesn't look or smell like intervention, especially since traders have been cautious in pushing the pair higher since the break of 150.00 earlier...
10-year Treasury yields close in on the 5% mark again
Just when you thought that the backing off from 5% might trigger a bit more of a retracement, it all but lasted a day - more or less. 10-year Treasury yields hit above 5% for the first time since 2007 on Monday before falling to near 4.80% subsequently. But now, we're...
Russell 2000 Technical Analysis – We are back to the 2022
This week started like the last one with a broader rally in the markets as the risk sentiment got supported by another lack of a ground operation in Gaza over the weekend and the positive news about a couple of hostages being released. Yesterday, on the other hand, we...
FX option expiries for 26 October 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at 1.0540, although I would say the expiries may not factor into play all too much. They aren't associated with any technical significance, so it is just pretty much that...
ECB highlights the calendar in European trading today
And so the shackles are finally coming off for USD/JPY and that is likely to help underpin the dollar further this week. The surge higher in Treasury yields yesterday was another tailwind for the greenback, with 10-year yields now at 4.968% on the day and inching...
Japan PM Kishida: FX intervention not a contradiction of policy
Intervention does not contradict policy of shifting money away from savings towards investmentBOJ holds ETFs, JGBs as part of monetary policyIt is up to the BOJ to decide whether to sell its ETF holdingsThis is more on the semantics of their policy actions, not so...
Poll: BOJ set to put an end to negative rates in 2024
25 of 28 economists expect BOJ to keep policy steady next weekThe other 3 economists expect a start of easy policy unwinding63% of economists expect BOJ to end negative interest rates in 2024 (up from 52% in September, and 41% in August)The remainder expect the end of...
Tokyo finally getting rid of the shackles
The last time the pair traded at the highs we're seeing today was the day that the BOJ hammered down the pair back below the 150.00 mark in October last year. In case you need a refresher:And now after weeks on end in poking and prodding just under the figure level,...
ForexLive Asia-Pacific FX news wrap: USD solidly higher in Asia, USD/JPY well above 150.00
USD/JPY finally made a break for it above 150.00 in the US afternoon on Wednesday and that move extended to approach 150.50 during the Asia timezone. We had some ineffective jawboning out of Japan, from Finance Minister Suzuki and Deputy Chief Cabinet Secretary which...
The “50 cent betting big on the Japanese yen trade” story is not what you think it is
One, its not that 50 cent, or Fiddy Cent, or whatever you want to call him.And two, its not a short yen bet. I say that 'cause once the celebs jump on board its pretty much over. Anyway:Ruffer Investing, with the nickname "50 Cent," is betting big on the Japanese yen....
[카드 이렇게 사용하면…은행거래 싹~다 불이익!! 긴급생계비 대출 300만원.. 꼭~확인하세요!!]#3.1경제독립tv
https://www.youtube.com/watch?v=DkS2PV-nX60 [카드 이렇게 사용하면...은행거래 싹~다 불이익!! 긴급생계비 대출 300만원..꼭~확인하세요!!]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다! 감사합니다...
The US dollar has soared higher during the Asian session.
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,...
Iran’s Foreign Minister has arrived in New York for talks on his Hamas terrorist attacks
Iran's Foreign Minister Hossein Amir-Abdallahian has arrived in the USA according to Iranian media, Iran International (English).This guy (that taller one), as did all of Iranian officialdom, helped Hamas in its brutal cowardly murdering of civilians in Israel. Now he...