AUDUSD Technical Analysis – The RBA disappointed the hawks Fundamental OverviewThe USD weakened across the
board last week due to a more dovish than expected FOMC decision last week
where the Fed decided to signal a bigger QT taper beginning in June and the Fed
Chair Powell pushing back repeatedly against rate ...
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ECBs Wunsch: I see a path for initiating rate cuts this year ECBs Wunsch is on the wires saying:I see a path for initiating rate cut this year.Cost of remaining time for too long is seen to outweigh the cost of premature easing.There is room to cut 50 basis points but when ...
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US Justice Dept is examining if Tesla permitted wire and securities fraud in self driving The US Justice Department is examining if Tesla permitted wire and securities fraud in their self driving claims.The question is did they overstate their expectations for self driving? Was there an intent to defraud investor decisions from their overly optimistic ...
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Kickstart the FX trading day for May 8 w/ a technical look at EURUSD, USDJPY... In the kickstart video, for May 8th, i will take a look at the USD vs three major currencies - the EUR, JPY and GBP.
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USDCAD Technical Analysis - The buyers are in control The USD weakened across the
board last week due to a more dovish than expected FOMC decision last week where
the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair
Powell pushing back repeatedly against rate hike ...
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The USD is the strongest and the AUD is the weakest as the NA session... As the North American session begins, the USD is the strongest and the AUD is the weakest. The JPY is just behind the AUD as one of the weakest currencies after comments from Japan Finance Minister and BOJs Ueda failed ...
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ForexLive European FX news wrap: Dollar holds steadier as yields look to bounce Headlines:Dollar starts to push back after last week's fallJapan finance minister reaffirms that rapid FX moves are undesirableBOJ governor Ueda says will not comment specifically on recent FX movesBOJ governor Ueda: Will guide policy appropriately to sustainably achieve price targetGermany ...
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US MBA mortgage applications w.e. 3 May +2.6% vs -2.3% prior Prior -2.3%Market index 197.1 vs 192.1 priorPurchase index 144.2 vs 141.7 priorRefinance index 477.5 vs 456.9 prior30-year mortgage rate 7.18% vs 7.29% priorThat's a slight bounce back in US mortgage applications, with both purchases and refinancing activity picking up on ...
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Bitcoin price forecast - I have bought some BTCUSD at 62k with target 70k My bitcoin technical analysis videoBitcoin technical analysis and BTCUSD price forecast: A bullish perspective for upcoming sessionsWelcome, crypto investors and traders. Today, I am delving into a detailed technical analysis of Bitcoin with the above video. With recent price movements ...
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US reportedly looks to curb China's access to AI software The report says that the Biden administration is eyeing a move to safeguard US AI from China, with initial plans to protect the most advanced AI models first and foremost. That will include core software of AI systems such as ...
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USDJPY Technical Analysis – The 160.00 handle is now in sight. The USD weakened across the
board recently due to a more dovish than expected FOMC decision last week where
the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair
Powell pushing back repeatedly against rate hike expectations. ...
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BOJ governor Ueda says will not comment specifically on recent FX moves Important for FX moves to reflect fundamentalsImpact of FX moves vary depending on size, sector of companiesRapid, one-sided yen falls are negative for the economy and undesirableFX moves are among important factors that affect economy, pricesAfter having showed their hand ...
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BOJ governor Ueda: Will guide policy appropriately to sustainably achieve price target Japanese economy is recovering moderately, albeit with some weaknessIf trend inflation heightens, will likely adjust degree of monetary accommodationThe risks regarding price outlook are high, both to the upside and downsideIf inflation overshoots forecast, will be appropriate to adjust rates ...
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Dollar starts to push back after last week's fall The dollar was on edge as we started the new week here on Monday. But over the last few sessions, it has regained some composure and is now pushing back as we observe a couple of technical changes.As highlighted in ...
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EUR/USD eyes second daily drop as dollar regains some composure After a run up against the 1.0800 level on Friday, EUR/USD is not finding much follow through to take another run at the key level. The 200-day moving average (blue line) also saw sellers step in, with price now falling ...
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GBPUSD Technical Analysis - A look at the chart ahead of the BOE decision Fundamental OverviewThe USD weakened
across the board recently due to a more dovish than expected FOMC decision last
week where the Fed decided to signal a bigger QT taper beginning in June and
the Fed Chair Powell pushing back repeatedly against rate hike ...
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European equities lightly changed as the session gets underway Eurostoxx +0.2%Germany DAX +0.2%France CAC 40 +0.2%UK FTSE +0.4%Spain IBEX +0.3%Italy FTSE MIB +0.1%The overall mood is more tepid after a sluggish session in US trading yesterday. That's not too surprising given the lack of key risk events this week. ...
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AUD/USD gets a check back after the RBA yesterday The bottom line yesterday was that the RBA did not offer up a hawkish tilt for those hoping for one. But the central bank did keep the door open for rate hikes, if the data warrants for that in the ...
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Eurostoxx futures -0.1% in early European trading German DAX futures flatUK FTSE futures +0.1%This keeps with mood seen in US futures and from Wall Street overnight. S&P 500 futures are flat as we look towards the start of the session. That is not giving traders much to ...
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Germany March industrial production -0.4% vs -0.6% m/m expected Prior +2.1%; revised to +1.7%Factory output in Germany slumped in March amid a fall in the production of consumer goods (-1.4%) and intermediate goods (-0.6%). That is offset slightly by the production of capital goods (+0.1%) while construction production increased ...
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Not much on the agenda in European trading today In lieu of that, there is some pushing and pulling in the dollar on the week. The greenback is steadier in the last few sessions, holding a minor advance now as we look towards European trading. USD/JPY has inched back ...
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Morgan Stanley pushes back Fed rate cut forecast to September On the change, Morgan Stanley notes hat "a reversal in key components points to disinflation ahead, but given the lack of progress in recent months it will take a bit longer for the FOMC to gain confidence to take the ...
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Japan finance minister reaffirms that rapid FX moves are undesirable Will not comment on FX levelsImportant for currencies to move in a stable manner, reflecting fundamentalsWeak yen has positive and negative aspectsThe comments come as USD/JPY tips just above the 155.00 mark again in trading today. The pair is seeing ...
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USD/JPY hurdles around 155 and mid-158 areas Snippet comments from Westpac on USD/JPY:USD/JPY looks to have found a floor in the 152/53 zone for the time being. Even with a cautious Powell and less evident US exceptionalism the dynamics of underlying US resiliency remain and so USD/JPY ...
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ForexLive Asia-Pacific FX news wrap: USD/JPY back above 155.00 Federal Reserve speakers on Wednesday include Collins, Cook, and JeffersonChinese state media is reporting the PBOC is likely to cut its RRR in Q2 2024Bank of Japan Governor Ueda will speak again later on Wednesday, during Europe timeMore from Ueda: ...
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Federal Reserve speakers on Wednesday include Collins, Cook, and Jefferson On the Fed speaker circuit for Wednesday:1500 GMT / 1100 US Eastern time - Federal Reserve Vice Chair Philip Jefferson participates in virtual moderated discussion before the "Exploring Careers in Economics" event hosted by the Federal Reserve1545/1145Federal Reserve Bank of ...
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Chinese state media is reporting the PBOC is likely to cut its RRR in Q2... Hardly a week goes by without some report or another in Chinese state media about an RRR or rate cut from the People's Bank of China, so treat this with a grain of salt. ---The Reserve Requirement Ratio (RRR) is ...
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Bank of Japan Governor Ueda will speak again later on Wednesday, during Europe time Bank of Japan Governor Kazuo Ueda is going to speak at a seminar hosted by Japan's Yomiuri newspaper.At 0830 GMT, which is 0430 US Eastern time. I haven't a topic for this.
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Yen is a big loser against the USD in Asian trade today, but its not... USD/JPY is tracking higher abiove 155.00 despite supportive comments from Suzuki and Ueda. More from Ueda: Doesn't see yen moves as having a big impact on trend inflation so farYen falls deeper in the hole. FinMin Suzuki keeps on digging: ...
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More from Ueda: Doesn't see yen moves as having a big impact on trend inflation... Bank of Japan Governor Ueda:don't see yen moves as having a big impact on trend inflation so far but there is risk impact could become significant in the future
BOJ won't necessarily wait until inflation achieves our forecasts in
1.5 to 2 ...
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PBOC sets USD/ CNY mid-point today at 7.1016 (vs. estimate at 7.2202) The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH ...
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Yen falls deeper in the hole. FinMin Suzuki keeps on digging: "No comment on intervention" Japan finance minister Suzuki is still talking, says he has no comment on FX intervention. Says confirmation of intervention could affect future action:deeply concerned over the negative impact of weak yenwill closely watch market moveswill take action when neededdo not ...
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Goldman Sachs have downshifted their GBP forecasts Goldman Sachs has cut its forecasts for GBP/USD to:1.24 in 3 months, from 1.30 previously1.24 in 6 months, from 1.331.28 in 12 months from 1.35For EUR/GBP on the same time horizons:0.85 from 0.810.85 from 0.790.84 from 0.80Goldman Sachs cite the ...
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PBOC is expected to set the USD/CNY reference rate at 7.2202 – Reuters estimate 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 ...
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Bank of Japan Governor Ueda says monetary policy does not seek to control forex rates Ueda is in the Diet, taking questions. Says monetary policy is aimed at impacting inflation, not the yen ratewill examine the impact of movement of the yen on the economyFX moves could have a big impact on the economy and ...
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Japan finance minister Suzuki says he is watching FX movement with a sense of urgency A bit of a verbal intervention effort from Suzuki, saying what he usually does:watching FX movement with a sense of urgencywon't comment on FX levelsrapid FX moves are undesirableimportant for currencies to move in a stable manner reflecting fundamentalswill take ...
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Oil price dip & the US is back on the bid to buy oil for... The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves has announced:a solicitation for up to 3.3 million barrels of oil for delivery to the Strategic Petroleum Reserve (SPR) in OctoberYep, the US is back on the bid for oil ...
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Former Dallas Fed President Kaplan is back! Gets the Goldman Sachs Vice Chairman gig. Goldman Sachs has appointed Robert Kaplan, former president of the Federal Reserve Bank of Dallas, as its vice chairman. Kaplan got himself in trouble with his trading activities whilst head of the Dallas Fed, and resigned. Which was a shame. ...
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The RBA May meeting left the cash rate on hold: What'll make the bank raise... The Reserve Bank of Australia left its cash rate unchanged at the meeting yesterday, as was widely, nearly unanimously, expected. ICYMI:ForexLive European FX news wrap: Aussie dips slightly as RBA keeps policy unchangedIn summary from Westpac's response, bolding is mine ...
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RBA response from Commonwealth Bank of Australia - Interest rate cut coming in November The Reserve Bank of Australia left its cash rate unchanged at the meeting yesterday, as was widely, nearly unanimously, expected. ICYMI:ForexLive European FX news wrap: Aussie dips slightly as RBA keeps policy unchangedVia CBA, the main points from their response ...
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RBA on hold in May - next move will be a rate cut Société Générale have a note out on the Reserve Bank of Australia, their central point being that the RBA is too optimistic in its growth outlook.Soc Gen expect that economic growth in Australia is going to slump, to surprise to ...
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ICYMI - Druckenmiller cut his stake in Nvidia, says "AI might be a little overhyped... From earlier during Europe time, an interesting snippet:Legendary Investor Stanley Druckenmiller cut his stake in NvidiaCheck out that link for more and read the whole thing at CNBC from there also. On the overhype for AI in the near term ...
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Forexlive Americas FX news wrap 7 May: The USD is the strongest of the major... A mixed close for US stock indices todayCrude oil futures settle at $78.38S&P index tops out at 5200 and reverses lowerFed's Kashkari: Too soon to declare we are stalled out on inflationRussia's Novak: There are no discussions about oil output ...
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Oil - private survey of inventory shows a headline crude oil build vs. draw expected The numbers via oilprice.com on Twitter:--Expectations I had seen centred on:Headline crude -1.1 mn barrelsDistillates +1.7 mn bblsGasoline +1.5 mn---This data point is from a privately-conducted survey by the American Petroleum Institute (API).It's a survey of oil storage facilities and ...
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A mixed close for US stock indices today The major US stock indices are closing with mixed results. The Nasdaq index close modestly lower, the Dow and the S&P closed with modest gains on the day. A summary of the closing levels shows:Dow Industrial Average average rose 31.99 ...
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ICYMI - Morgan Stanley expect three Fed rate cuts this year! Starting in September. Morgan Stanley say they "remain bullish on our call for three 25bp rate cuts this year". Remain bullish? OK then. They expect the first Federal Open Market Committee (FOMC) cut in September. MS' previous forecast was for July. MS say ...
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Economic calendar in Asia for Wednesday 08 May 2024 is empty Perhaps we get some intervention, maybe just verbal, from Japan today given the continued ticking higher for USD/JPY.
This article was written by Eamonn ...
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Trade ideas thread - Wednesday, 8 May, insightful charts, technical analysis, ideas Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
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USDCAD runs higher and breaks through a series of technical targets along the way. The USDCAD has made a move to the upside today with the help of technical breaks through some key moving averages. More specifically, the.100 and 200 hour moving averages were broken near the same level at 1.3688100 bar moving average ...
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Crude oil futures settle at $78.38 Crude all futures are settling at $78.38. That is down $-0.10 or -0.13%.The high price today reached $79.13. The low price was at $78.58. At the session low,, the price briefly moved below the 50% midpoint of the move up ...
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S&P index tops out at 5200 and reverses lower After trading up to an intraday high of 5200.23 – a nice round number for the index - the S&P index has reversed to the downside and now trade near unchanged at 5180.60. At session highs, the index was up ...
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EURUSD trades to a new low for the day/week and approaches a key target support... The EURUSD is falling to a new session low for the day and a new low for the 2-days of the new trading week. The move lower has the pair moving downward toward its 200 bar moving average on ...
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Fed's Kashkari: Too soon to declare we are stalled out on inflation Inflation where it is now is not the new normal, the Fed will achieve 2% inflationIf we need to hold rates for an extended period, or raise rates, we will do thatRate cut this year is still a possibilityI disagree ...
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Russia's Novak: There are no discussions about oil output increases at OPEC+ I won't trust anything until the OPEC+ decision on June 1 but this is a decent sign.WTI crude is up 24-cents to $78.71 today after falling as low as $77.55.
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US sells 3-year notes at 4.605% vs 4.608% WI Prior was 4.548%Bid to cover 2.63 vs 2.50 priorThis is a good sign for the bond market, which has been doing better since the FOMC and non-farm payrolls.
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ECBs Nagel: ECB cannot be lenient with structural inflationary forces ECBs Nagel is on the wires saying:Cannot be lenient with structural inflationary forces.Greater supply chain resilience, which comes at a cost, looming labor shortages amid a demographic decline, and the green transition could all put upward pressure on pricesTo improve ...
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Minneapolis Fed Pres. Kashkari: The most likely outlook is the Fed stands put on rates Most likely Outlook is the Fed stands pat on ratesIf disinflation comes again, that might lead to rate cutsWe would hike rates if neededHiking rates is not the most likely outcome, but cannot rule it outThe jobs report was softer ...
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AUDUSD bounces ahead of the 100-day MA today. What next technically for the pair? The AUDUSD moved higher to retest the swing area ceiling area before the RBA rate decision and found willing sellers. That ceiling area comes in between 0.6635 and 0.6648. The rotation lower after the rate decision, took the price ...
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USDCHF:Buyers had their shot with a move above the 200 bar MA on the 4-hour... Yesterday, the USDCHF traded up-and-down closing near its highs for the day after finding support against the 38.2% retracement of the move up from the March low to the May high. in the Asian session today, the price continued its ...
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EURUSD Trades to a new high The EURUSD is straight into a new session high and moves closer to the target area defined by 2% midpoint of the range since March high and the 200 day moving average. Levels come between 1.07906 and 1.07946. ...
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Minneapolis Fed Pres. Kashkari: housing market is proving more resilient to tighter policy Minneapolis Fed Pres. Kashkari (nonvoting member) is speaking and says:Housing market is proving more resilient to tight monetary policy than it has been in the pastPossible that housing market resilience means the neutral rate has been pushed higher at least ...
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Kickstart your FX trading for May 7 w/ a technical look at the EURUSD, USDJPY... As the North American session begins, what are the key bias, risks, targets for the 3 major currency pairs - the EURUSD, USDJPY and the GBPUSD. It is important as a trader to understand, what the price action is ...
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As the North American session begins, the USD is the strongest and the JPY is... As the North American session begins, the USD is the strongest and the JPY is the weakest. Having said that the pairs are fairly scrunched together with the USD, CAD and EUR fighting for the strongest. The JPY is the ...
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S&P 500 E-mini Futures Technical Analysis The S&P 500
has been rising steadily since last week due to a more dovish than expected
FOMC decision where the Fed decided to signal a bigger QT taper beginning in
June and the Fed Chair Powell pushing back repeatedly against rate hike
expectations. ...
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USDJPY Technical Analysis - The path of least resistance remains to the upside The USD weakened
across the board recently due to a more dovish than expected FOMC decision last
week where the Fed decided to signal a bigger QT taper beginning in June and
the Fed Chair Powell pushing back repeatedly against rate hike expectations.
Moreover, ...
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BOJ governor Ueda says had regular exchange of views with Japan PM Kishida Had regular exchange of views on the economy, price trendsExplained economy, price, financial developments following BOJ's March policy shiftDiscussed FX with KishidaStands ready to keep a close eye on how yen moves affect trend inflationExplained that BOJ stance of guiding ...
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EURUSD Technical Analysis - Tentative price action into the US CPI next week The USD weakened
across the board recently due to a more dovish than expected FOMC decision last
week where the Fed decided to signal a bigger QT taper beginning in June and
the Fed Chair Powell pushing back repeatedly against rate hike expectations.
Moreover, ...
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BOJ governor Ueda reportedly enters office of Japan PM Kishida Don't expect them to give away much of what they may have discussed. The statement is likely to just say that it is a usual catch up between the two, discussing on financial markets in general. USD/JPY has eased back ...
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AUDUSD Technical Analysis - What changed after the RBA? The USD weakened
across the board recently due to a more dovish than expected FOMC decision last
week where the Fed decided to signal a bigger QT taper beginning in June and
the Fed Chair Powell pushing back repeatedly against rate hike expectations.
Moreover, ...
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USDJPY stays above the 200 bar MA on 4-hour chart. Buyers in control above the... This article was written by Greg Michalowski at www.forexlive.com.
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EURUSD moved to 50% retracement and stalled. The price rotated lower. What next? This article was written by Greg Michalowski at www.forexlive.com.
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The AUDUSD is higher on the day but a ceiling area continues to stall the... The AUDUSD raced higher on Friday, but found willing sellers near a key swing area between 0.6635 and 0.6648, before rotating back to the downside. In trading today, the price will back up to retest that swing area only ...
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USDCAD tests a key support level at 200 bar MA on the 4-hour chart The USDCAD bounce sharply higher after falling after the US jobs report on Friday. The move to the upside ended up retracing all of the declines and the pair closed higher on the day. Note that the high price ...
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USDCHF rotates modestly lower after a sharp move lower last week. What levels are in... The USDCHF fell on Friday to a key support target near the 0.9000. That came after the pair on Monday, moved up to test a key resistance target on the daily chart before reversing lower.The video above outlines the moves ...
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Kickstart your FX trading for May 6 w/a technical look at the EURUSD, USDJPY and... The US stocks are marginally higher in premarket trading. Yields are marginally lower. The USD is mixed.In the kickstart video, I take a look at the EURUSD, USDJPY and GBPUSD to start the trading week in the US ...
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