PMIs on the agenda in Europe today – ForexLive
It was a slow start to the new week for Forex as traders tried to settle into the June trading session. Dollar pairs fluctuated slightly but tight ranges still prevailed for the most part. EUR/USD is a good example, with a daily range of just 10 pips so far. The outcome of trading this week […]
Japan will release its forex intervention data today, Friday, 31 May 2024. – ForexLive
Japan will release its forex intervention data today, Friday, May 31, 2024. The Bank of Japan (on behalf of the Ministry of Finance) intervened to buy yen on April 29 and May 2, but there has been no official confirmation from the Japanese authorities yet. However, today is the day. The Ministry of Finance publishes […]
ForexLive Asia-Pacific FX news wrap: USD/JPY sitting just above 157.00 – ForexLive
Asia was in a subdued trade, with little recovery due to the strength of the US dollar and the decline in “risk” seen on Thursday. The US has a public holiday on Monday, and bond markets will close early on Friday. Traders in Asia seemed determined to close even earlier. The focus of the session […]
Sterling gains as UK inflation slows by less than anticipated – ForexLive
GBP/USD daily chart Today’s UK CPI report was always going to be tough to read – or, more precisely, in gauging the impact of Ofgem’s 12% cut in the energy price cap in April. Inflation was always trending lower, but by how much? Both headline and core annual inflation reflect a decline, but not in […]
Dollar continues to keep steadier to start the week – ForexLive
But the dollar continues to find a little more footing overall. The Fed minutes will be a highlight on the calendar this week, so keep an eye on them. However, starting tomorrow, things should start to pick up for some other releases as well. For now, the overall mood is stable, but also more tentative. […]
Forexlive Americas FX news wrap 9 May: USD reverses to the downside after weaker claims – ForexLive
The North American session was initially highlighted by the number of new weekly unemployment claims. Estimates were 231,000 to 215,000, beating expectations. This was the highest level since November 2023. It’s only been a week, and the spikes tend to be somewhat seasonal. Easter was early this year, so that may have had an effect. […]
GBPUSD Technical Analysis – A look at the chart ahead of the BOE decision – ForexLive
Basic overview The dollar weakened as last week’s FOMC decision, in which the Fed decided to signal an expansion of QT taper starting in June, was more dovish than expected, and Fed Chairman Jerome Powell repeatedly rallied against expectations for rate hikes. There has been a general decline recently. Additionally, Friday’s data showed that the […]
ForexLive Asia-Pacific FX news wrap: USD/JPY back above 155.00 – ForexLive
Numerous comments from both Japan’s Finance Minister Suzuki and Bank of Japan Governor Ueda appeared on the News Telegraph this morning in Tokyo, but neither could significantly support the yen. The counterfactual is that without them the Japanese Yen would have fallen faster, but here in the real world, the currency has fallen again regardless. […]
AUDUSD Technical Analysis – What changed after the RBA? – ForexLive
The dollar weakened as last week’s FOMC decision, in which the Fed decided to signal an expansion of QT taper starting in June, was more dovish than expected, and Fed Chairman Jerome Powell repeatedly rallied against expectations for rate hikes. There has been a general decline recently. Additionally, Friday’s data showed that the Fed may […]
ForexLive Asia-Pacific FX news wrap: Kanda ignites USD/JPY jump – ForexLive
Japan’s Treasury Vice-Minister Kanda said he had nothing to say about U.S. Treasury Secretary Janet Yellen’s weekend comments on foreign exchange. If you missed Yellen’s comments, please refer to the Kanda link above. However, in a nutshell, she only expressed her mild support for Japanese intervention. As a result, Japan appears to be acting alone […]