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 wholesale price index -0.7% vs +0.2% 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,...
UK October CPI +4.6% vs +4.8% y/y expected
Prior +6.7%CPI 0.0% vs +0.1% m/m expectedPrior +0.5%Core CPI +5.7% vs +5.8% y/y expectedPrior +6.1%Core CPI +0.3% vs +0.4% m/m expectedPrior +0.5%The pound is lightly lower on the data here as UK inflation falls more than expected in October. That being said, a lot of...
FX option expiries for 15 November 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones being for EUR/USD, which are at the 1.0850-75 region. That is likely to keep price action more compact perhaps, all before we get to more US data later in the day. That being said, trading...
BofA Global Research no longer sees another Fed rate hike in December
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 inflation the notable data release in the session ahead
It is all about the reaction to the US CPI data yesterday and for now, markets are looking calmer so far today. The dollar dropped heavily and may look to be challenged further, with EUR/USD leading the charge as seen here. Meanwhile, equities look poised to extend...
US CPI data sparks market optimism, more data releases in focus later today
The US CPI data yesterday can be characterised more about the reaction rather than the data itself I would say. But if anything else, it shows the kind of bias and positioning that markets are leaning towards at the moment. The relief from all the inflation angst and...
Stocks look poised for a potential retest of the year’s highs
The market took to the US CPI data as saying that the Fed is done with rate hikes and with inflation gradually tracking lower, it means that we could even see rate cuts on the horizon. The shift in pricing here outlines that sentiment and is a key reason why equities...
EUR/USD seeks higher push after yesterday’s surge
EUR/USD daily chartThe dollar suffered quite a heavy meltdown in trading yesterday and there are some key levels to take note of in the charts right now. EUR/USD in particular is seeking a stronger rebound after bottoming out in early October, as it climbed back above...
How have the Fed odds shifted after yesterday’s CPI data?
After a quiet start to the new week, the reaction to the US CPI data yesterday was certainly a banger. The dollar crumbled while stocks rallied hard, with the latter reaffirming the technical breakout from the end of last week. Meanwhile, bonds also rallied strongly...
ForexLive Asia-Pacific FX news wrap: Data deluge day – Australia, Japan, China
The US House of Representatives passed a stopgap funding bill to avert a US government shutdown that’ll now proceed to the Senate, where it is also likely to pass. The Bill contains no spending cuts and sailed easily through the chamber winning 336 to 95:209 Democrats...
Chinese authorities promise to release data on youth employment – no time frame given
China's youth jobless rate hit a record high of 21.3% in June. This prompted Chinese authorities to stop publishing the rate, and sure enough, we've heard no more on it since then. Today, though, National Bureau of Statistics (NBS) spokesperson Liu Aihua said China...
Barr and Barkin are Federal Reserve officials speaking on Wednesday
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 England MPC member Jonathan Haskel speaking on Wednesday
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,...
China Oct. Industrial Production +4.6% y/y (exp 4.4%) & Retail sales +7.6% y/y (exp 7.0%)
The activity data is centred on 3 indicators: industrial production, retail sales and fixed asset investment.A beat for retail sales (a consumption indicator rising is good news for China)service consumption grew at a faster pace than goods consumptionA beat also for...
Citi’s bold forecast: Brent crude oil prices to $73 / bbl in Q2 2024
A piece in Dow Jones / Wall Street Journal media on Citgroup's Brent oil forecasts for next yearproject $73/bbl price for Brent by Q2 2024 and an end 2024 forecast at $68/bblCiti do warn though that there is potential for explosive price gains should there be a polar...
Oil Market Trends: Vitol research reveals pre-pandemic intensity return
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,...
People’s Bank of China MLF rate at 2.5% (expected 2.5%, prior 2.5%): injects 1450bn yuan
Injects 1450 bn yuan for 1 year850bn yuan of MLF mature todaythus a 600 bn yuan injections via 1 year funds, the largest since December 2016-More:PBOC will issue 30 billion yuan of 3-month central bank bills and 15 billion yuan of 1-year bills in Hong Kong on November...
The Bank of Japan has trimmed the amount of its regular bond buying
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,...
PBOC sets USD/ CNY mid-point today at 7.1752 (vs. estimate at 7.2564)
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,...