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,...
Copper Technical Analysis – Is this the time for the breakout?
Fundamental OverviewCopper got stuck in a consolidation just above a key support zone as the market failed to rally on the recent PBoC’s rate cuts. Today, we got the news that China is looking to approve a fresh fiscal package next week worth over 10 trillion yuan and...
China mulls approving fresh fiscal package worth over ¥10 trillion next week
It is being reported that Beijing is looking to approve next week the issuance of over ¥10 trillion in extra debt over the next few years in order to revive economic conditions. And the package will be expected to be further bolstered if Trump wins the US election.For...
USDJPY Technical Analysis – There are no bullish drivers for the JPY
Fundamental OverviewThe JPY started the week on the wrong foot following the Japanese elections over the weekend where the ruling party lost the majority. The main culprit for the US Dollar strength has been the rally in long term Treasury yields. The yield curve has...
DIHK warns that German economy is set to stagnate in 2025
In their latest forecasts today, DIHK is slashing their outlook on the German economy and anticipating a 0.2% contraction for this year. As for 2025, they are expecting zero growth in the economy in what will be a third year without any real growth in GDP."We are not...
European equities hold higher to start the 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,...
BlackRock CEO says Fed will cut at least by 25 bps before year-end
Fink argues that "it is fair to say the Fed will make at least a 25 bps rate cut by the end of 2024". And that falls within the forecast made by his firm, arguing for a 25 bps to 50 bps move before the year is done with.However, Fink warns that "we have greater...
Germany November GfK consumer sentiment -18.3 vs -20.5 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,...
US futures stay more muted so far on the day
S&P 500 futures are flat as we look towards the start of European morning trade later. It's a quiet one for now, following the slight advance from yesterday.Higher yields continue to be a key consideration for stocks at the moment. But for trading this week, it's...
US reportedly have been declining to change language when discussing Taiwan independence
It is being reported by Reuters that China president Xi Jinping had asked US president Joe Biden to change the language that the latter uses when discussing its position on Taiwan independence. The request came about last year, in which China wanted the US to...
FX option expiries for 29 October 10am New York cut
There is just one to take note of on the day, as highlighted in bold.It's the same one for EUR/USD as seen yesterday, at the 1.0800 level. The expiries today are relatively large and could provide a draw/magnet for price action in the session ahead. That could very...
UK reportedly open to restarting key trade dialogue with China
One of the key trade dialogues between the UK and China was the Joint Economic and Trade Commission (JETCO). That was meant to facilitate bilateral trade and investment between the two countries but was put on ice by the last UK government following China's actions on...
Heads up: It’s a big week on the earnings calendar
Of note, we'll have five of the 'Magnificent 7' reporting earnings this week. Alphabet will be the one kicking things off in the day ahead, being accompanied by smaller releases from Visa, AMD, and McDonald's. Then tomorrow, we'll get to Microsoft and Meta. And on...
ForexLive Asia-Pacific FX news wrap: Subdued FX ranges in Asia today
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,...
Wharton finance professor says Fed could pause next week if NFP comes in hot
Wharton finance professor Jeremy Siegel says that the Federal Open Market Committee (FOMC) could leave Fed Funds unchanged (announcement due November 7) if there is a substantial upside surprise to the nonfarm payrol headline on Friday (November 1)Siegel spoke with...
Japan finance minister Kato closely watching FX moves including those drive by speculators
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 DPP head says BOJ should avoid big policy change now b/c real wages standing still
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,...
No Fed speakers this week, or next. Its FOMC blackout time ahead of November 6 – 7 meeting
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 Korea Governor says not short on ammunition to stabilise FX
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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