PBOC is expected to set the USD/CNY reference rate at 6.9409 – Reuters estimate
<p>I wrote about the imminent stability for the yuan this week earlier:</p><ul><li><a href="…
February 2023
Goldman Sachs CEO says inflation is going to be even more sticky - bumpy 18 months ahead
<p>Goldman Sachs CEO David Solomon spoke Tuesday, US time. With the warning:</p><ul><li> says inflat…
Australian Industry Index rose in February but stayed in contraction
<p>This is a new index from the <a href="https://ift.tt/ZlIoHKP" target="_blank" rel="nofo…
Forexlive Americas FX news wrap: US dollar rebounds late as the month winds down
<ul><li><a href="https://ift.tt/ZSXiRvY February Conference Board consumer confidence 102.9 vs 108.5 exp…
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 135.92; (P) 136.23; (R1) 136.55; More… No change in USD/JPY’s outlook as focus stays on 38.2% retracement…
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0555; (P) 1.0587; (R1) 1.0642; More… Intraday bias in EUR/USD stays neutral for the moment. The decline…
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1969; (P) 1.2017; (R1) 1.2112; More… Focus in GBP/USD is now back on 1.2146 resistance as rebound form …
US Dollar Sees Setback on Weak Durable Goods Orders, But DXY Trend Holds Bullish
The US Dollar fell the most since the beginning of February following disappointing durable goods orders. Still, the DXY may…
Eurozone inflation data for February due this week - preview (&what markets will focus on)
<p>A 50bp European Central Bank rate hike at the next meeting (March 16) appears to be locked in. this the latest from…
More from Morgan Stanley - favouring further upside for the US dollar (the why is a doozy)
<p>Adam had this from Morgan Stanley earlier:</p><ul><li><a href="https://ift.tt/LTSutRF&quo…
MUFG expect the Bank of Japan to abandon YCC by July 2023 - but here is the risk
<p>This via MUFG on the yen and also on Bank of Japan policy ahead. </p><p>MUFG note the strong up move in…
Trade ideas thread - Tuesday, 28 February 2023
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive tr…
Warren Buffett: If you don’t see the world the way it is...
<p>Warren Buffett released his <a href="https://ift.tt/4liTkXD" target="_blank" rel="nofol…
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 134.87; (P) 135.69; (R1) 137.33; More… Intraday bias in USD/JPY remains on the upside with focus on 38.2%…
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0516; (P) 1.0566; (R1) 1.0595; More… A temporary low is formed at 1.0532 with 4 hour MACD crossed above…
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1899; (P) 1.1971; (R1) 1.2012; More… GBP/SUD recovered ahead of 1.1914 and intraday bias is turned neut…
PBOC sets USD/ CNY reference rate for today at 6.9572 (vs. estimate at 6.9586)
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offsh…
Weekend report that Russia halts pipeline oil to Poland
<p>Via Reuters, citing a refiner (CEO of PKN Orlen), news that Russia has halted supplies of oil to Poland via the Dru…
Australia maintains key macroprudential policy settings - warns of possible deterioration
<p>The Australian Prudential Regulation Authority (APRA) with a statement this morning here. </p><p>APRA h…
Trade ideas thread - Monday, 27 February 2023
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive tr…
Economic calendar in Asia - 27 February 2023
<p>It's a light data agenda ahead. Incoming Bank of Japan governor Ueda is speaking again. </p><p>He w…
Monday morning open levels - indicative forex prices - 27 February 2023
<p>Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week!</p>&…
Technical analysis for META stock: How to catch the dip and strengthen your long position
<p>What exactly is meant by the term "technical analysis," and how exactly does it have an impact on Meta St…
Week Ahead: ISM, BoJ Governor, China PMI, EZ flash inflation, ECB minutes
<ul><li>MON: EZ Economic Sentiment (Feb), US Durable Goods (Jan), Japanese Retail Sales (Jan), German Prelim. CP…
Gold Price Fundamental Forecast: XAU/USD Under Pressure From Raging Dollar
Gold prices head into the week on the backfoot after a resilient dollar remains supported by salivated inflationary pressure…
What's next for the Israeli shekel in light of the protests?
<p>Forex Trading Strategies for the USD/ILS Pair: Tips and Analysis</p><p>If you trade foreign exchange, y…
USD/CAD at Fresh 2023 Highs After Bullish Breakout, Oil Forges Bearish Pattern
USD/CAD presents a constructive outlook after this past week’s bullish breakout. Meanwhile, oil exhibits a negative technica…
US Dollar Outlook Turns More Bullish as Bond Yields Skyrocket Post PCE Data
The U.S. dollar (DXY) has risen to its best level since early January, driven by surging U.S. Treasury yields in response to…
EUR/USD Weekly Outlook
EUR/USD’s decline from 1.1032 continued last week and hit as low as 1.0535. Initial bias stays on the downside this week for…
GBP/USD Weekly Outlook
GBP/USD reversed after rebounding to 1.2146 last week and stayed below falling 55 day EMA. Near term outlook remains bearish…
USD/JPY Weekly Outlook
USD/JPY’s rally from 127.20 accelerated to as high as 136.51. Initial bias remains on the upside this week with focus on 38.…
Forexlive Americas FX news wrap: Highs of the year for USD as PCE inflation runs hot
<ul><li><a href="https://ift.tt/5P8xKe0 January PCE core inflation 4.7% vs 4.3% expected.</a></…
US equities wrap up a tough week as inflation bites
<p>On the day:</p><ul><li>S&P 500 -1.0%</li><li>DJIA -1.1%</li><li>Nasda…
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 134.32; (P) 134.85; (R1) 135.20; More… Intraday bias in USD/JPY remains on the upside for 38.2% retraceme…
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0572; (P) 1.0600; (R1) 1.0623; More… EUR/USD’s fall from 1.1032 continues today and intraday bias stays…
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1980; (P) 1.2028; (R1) 1.2063; More… Immediate focus is now on 1.1914 in GBP/USD with today’s decline. …
Reuters poll - Nearly half of Japan firms want the BOJ to change the negative rates policy
The Reuters Corporate Survey is a monthly poll. Main findings from the latest: 47% say new BOJ chief should change policy on…
Westpac have raised their FOMC fed funds forecast peak to 5.25%-5.5% from 4.75-5%
<p>Also:</p><ul><li><a href="https://ift.tt/8SW3izU" target="_blank" rel=&quo…
Westpac have raised their RBA forecast: Peak cash rate to 4.1% (from 3.85%)
<p>More to come</p><p>WPAC on the Reserve Bank of Australia:</p><ul><li>We have lifted o…
JP Morgan CEO Dimon said Fed "lost a little bit of control of inflation”
<p>JPMorgan Chase CEO Jamie Dimon spoke on Thursday in an interview with CNBC. Greg had the headline comments here:<…
RBNZ Silk says all rate hike options are on the table for the April meeting
<p>Karen Silk is Assistant Governor / General Manager of Economics, Financial Markets and Banking at the Reserve Bank …
US stocks recover and close higher on the day
<p>The major US stock <a href="https://ift.tt/wSpt1be" class="terms__main-term" id="eb50e0…
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 134.50; (P) 134.78; (R1) 135.19; More… USD/JPY’s rally continues today and intraday bias stays on the ups…
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0581; (P) 1.0623; (R1) 1.0646; More… Intraday bias in EUR/USD remains on the downside. Corrective decli…
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2009; (P) 1.2072; (R1) 1.2110; More… Outlook in GBP/USD remains unchanged and intraday bias stays neutr…
PBOC sets USD/ CNY central rate at 6.9028 (vs. estimate at 6.9028)
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offsh…
PBOC is expected to set the USD/CNY reference rate at 6.9028. – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p> This article was written by Eamonn Sheridan at www.forexl…
WSJ: U.S. Considers Release of Intelligence on China’s Potential Arms Transfer to Russia
<p><a href="https://ift.tt/5z49Aid" target="_blank" rel="nofollow">The Journal cit…
US Dollar Rallies as Fed Minutes Point to More Hikes amid Upside Inflation Risks
The U.S. dollar, as measured by the DXY index, extended session gains after FOMC minutes showed that policymakers continue t…
RBNZ Orr: There are some early signs that inflation is abating
<p>RBNZ Governor Orr is speaking. The RBNZ raised rates by 50 basis points yesterday in New Zealand</p><ul>…
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0623; (P) 1.0661; (R1) 1.0683; More… Range trading continues in EUR/USD and intraday bias stays neutral…
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 134.48; (P) 134.85; (R1) 135.40; More… USD/JPY continues to lose upside momentum as seen in 4 hour MACD. …
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2017; (P) 1.2082; (R1) 1.2177; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. A…
PBOC is expected to set the USD/CNY reference rate at 6.8776 – Reuters estimate
<p>The reference rate is expected to be weaker for the yuan given the overnight strength in the USD:</p><ul&g…
Goldman Sachs $100 / barrel oil forecast is getting trotted out again
<p>I seem to be posting the 'Goldman Sachs forecast $100 oil' around once a week or so. </p><p>Thi…
Australian wages data due today, likely to keep the pressure on RBA
<p>Australian wages data for Q4 2022 is due at</p><ul><li>11.30 am Sydney time</li><li>0…
Stocks close near lows
<p>It has been a rough day for the major US stock indices as they go out the day near session lows. It was the worst d…
Wednesday's US economic calendar is light on data
<p>The wonks say that central bank minutes add 'transparency' to debates about monetary policy and are pushing…
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 133.97; (P) 134.25; (R1) 134.58; More… Intraday bias in USD/JPY remains neutral at this point. On the ups…
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0669; (P) 1.0687; (R1) 1.0703; More… Intraday bias in EUR/USD remains neutral and risk stays on the dow…
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2018; (P) 1.2037; (R1) 1.2060; More… GBP/USD’s rebound from 1.1914 extends higher today but stays well …
RBNZ Shadow Board recommend +50bp interest rate hike this week at monetary policy meeting
<p>The Reserve Bank of New Zealand 'shadow board' is put together by the NZIER (the New Zealand Institute of E…
NZ Treasury says cyclone reconstruction will boost economic activity, RBNZ implications
<p>New Zealand Treasury statement:</p><ul><li>cyclone reconstruction will boost economic activity<…
Trade ideas thread - Tuesday, 21 February 2023
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive tr…
Forexlive Americas FX news wrap 20 Feb: US and Canada holiday stalls trading activity
<ul><li><a href="https://ift.tt/I3yOiGW Bank of New Zealand rate decision on Wednesday. What levels are …
3 people killed 200 injured in the latest earthquake in southern Turkey
<p>3 people are dead and over 200 injured after the latest 6.3 magnitude earthquake in southern Turkey. The numbers ar…
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GBPJPY Technical Analysis Technically, GBPJPY is currently on a bearish trend. At the 15 minutes to 4-hour Chart, it forms a bearish ...
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WEEK SUMMARY: EUR/JPY, GBPJPY, and XAUUSD (Gold)
WEEK SUMMARY: EUR/JPY, GBPJPY, and XAUUSD (Gold) In a nutshell, our week had a 100% success rate. All our analyses reflected the actual d...
Trade Setup for GBPJPY|Technical Analysis GBPJPY.
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GBPJPY Technical and Fundamental Analysis Expert analysis on the GBP/JPY pair and live update of.......... Important Issues to Consider In S...
