ForexLive Asia-Pacific FX news wrap: Awaiting Powell speech – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]
EUR/USD consolidates gains ahead of US data, key expiries in play – ForexLive
For now, it’s hard to imagine this bounce being anything more than a slight sense of relief: there were no major surprises in the outcome of the first round of the French election, and I think it’s that to which markets are primarily reacting, together with the fact that the worst-case scenario of political deadlock […]
EUR/USD keeps just under 1.0700 as the spotlight turns to US PMI data next – ForexLive
EUR/USD daily chart Today’s decline has seen the pair return to Friday’s levels and test below the 1.0700 level. Last week’s close was slightly above this level so it will be interesting to see today if sellers gain more confidence and push below. For now, large option expiries at 1.0650-60 and 1.0700 are limiting price […]
Japanese yen stays in focus as inflation data slows further in May – ForexLive
It was bound to be a race against time for the Bank of Japan in the first half of the year, and today’s inflation data reaffirms that view, with prices creeping ever closer to the crucial 2% mark. Where is the inflation? Japan Consumer Price Index (excluding fresh food and energy) Year-on-year change (%) The […]
ForexLive Asia-Pacific FX news wrap: China leaves prime rates on hold, marks down CNY – ForexLive
New Zealand’s first quarter GDP data released today showed the country emerged from recession with growth of 0.2% quarter-on-quarter and 0.3% year-on-year, both better than expected. Growth details were weak. NZD/USD rose above 0.6145 on data release before giving back modest gains. A survey of Japanese businesses found that only 7% believe that Kishida’s promise […]
Swiss franc primed for further gains with the SNB on the cards – ForexLive
Although there has been some scuffling so far in June trading, USD/CHF finally fell below a key support threshold yesterday. USD/CHF daily chart The 200-day moving average (blue line) fell back along the 61.8 Fib retracement level of this year’s upward swing. The pair’s decline is noteworthy as downward momentum continues to strengthen after dropping […]
FX option expiries for 12 June 10am New York cut – ForexLive
On the day, you should keep the following in mind: bold. AUD/USD will likely be the more important pair, at least for the coming sessions, as it sits between 0.6615 and 0.6630, which should keep price movement contained until a major event occurs later today. The US CPI report will be the first major hurdle […]
Monday morning open levels – indicative forex prices – 10 June 2024 – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]
ForexLive Asia-Pacific FX news wrap: USD carried on weaker – ForexLive
AUD TRADERS NOTES – Reserve Bank of Australia Deputy Governor Hauser is due to speak on the economic outlook tomorrow. US Commerce Secretary Gina Raimondo Announces $25 Billion Indo-Pacific Infrastructure Plan Keep an eye on Treasury Secretary Yellen’s speech on Thursday Bank of Japan Governor Nakamura: If consumption weakens, inflation may not reach 2% after […]
Poll predicts some mild weakness ahead for the USD – ForexLive
According to a Reuters poll, here are the future outlooks for the US Dollar, Japanese Yen and Euro: USD/JPY is expected to be around 145.00 in 12 months EUR/USD expected to hit 1.08 in 6 months and 1.10 in 12 months Reuters reported the comments from UBS Global Wealth Management. “We expect the dollar to […]