Forex News Live Today: The Ultimate Source for Forex News ☀️

Oil - private survey of inventory shows a draw vs. the build that was expected

Apr 23, 2024 | 13:43 pm

Via Twitter:--Expectations I had seen centred on:Headline crude +1.8 mn barrelsDistillates -0.9 mn bblsGasoline -1.4 mn--This data point is from a privately-conducted survey from the American Petroleum Institute (API).It's a survey of oil storage facilities and companiesThe official report is due Wednesday morning US time.The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)Its based on data from the Department of Energy and other government agenciesWhereas information on total crude oil storage levels and variations from the previous week's levels are both provided by the API report, the EIA report also provides statistics on inputs and outputs from refineries, as well as other significant indicators of the status of the oil market, and storage levels for various grades of crude oil, such as light, medium, and heavy.the EIA report is held to be more accurate and comprehensive than the survey from the API This article was written by Eamonn Sheridan at www.forexlive.com.

Forexlive Americas FX news wrap: Softer PMI weighs on US dollar

Apr 23, 2024 | 13:41 pm

S&P Global services PMI 50.9 vs 52.0 expectedUS March new home sales 0.693m vs 0.670m expectedRichmond Fed Manufacturing index -7 versus -7 estimateTexas Instruments reports earnings of $1.20 versus $1.07 expectedVisa reports earnings: EPS 2.51 vs 2.44 estimate. Company sees 'stable consumer spending'Tesla earnings: EPS $0.45 vs $0.51 estimate. Revenues $21.3B vs $22.31B estimateUS sells 2-year notes at 4.898% vs 4.904% WIJPMorgan CEO Dimon: There is a chance stagflation could happen againECB's Nagel: Need to be convinced that inflation is heading back to target before cutsPhilly Fed April non-manufacturing index -12.4 vs -18.3 priorMarkets:WTI crude up $1.44 to $83.33US 10-year yields down 1.6 bps to 4.60%S&P 500 up 1.2%, Nasdaq up 1.6%Gold down $3 to $2322GBP leads, USD lagsThe US dollar reversed lower after the softer PMI data. It was seen as a glimpse into a slowing economy and a sign that Fed rate cut hopes aren't done yet.EUR/USD quickly moved to 1.0700 from 1.0660 then traded sideways from there. The pound rose 65 pips to 1.2450.Commodity currencies were also strong, supported by improved risk appetite.Even the yen got some help from the PMI but the 25 pip drop in USD/JPY was quickly bought. A second dip after a strong US 2-year Treasury auction was also bought as the pair appears determined to test 155.00. This article was written by Adam Button at www.forexlive.com.

Major US stock indices closed higher for the second consecutive day this week

Apr 23, 2024 | 13:30 pm

The major US stock indices have risen for the second consecutive day this week. The move to the upside was encouraged by the lower rates as S&P global PMI data was weaker than expectations lowering fears about a tighter or less accommodative Fed. The NASDAQ index and the interest rate-sensitive small-cap Russell 2000 index led the charge to the upside.The final numbers are showing:Dow Industrial Average up 263.71 points or 0.69% at 38503.70S&P index of 59.97 points or 1.20% at 5070.56NASDAQ index up 245.33 points or 1.59% at 15696.64The small-cap Russell 2000 rose 35.17 points or 1.79% at 2002.64.Tesla reported earnings after the close of $0.45 versus $0.51 expected (MISS). Revenues were $21.3 billion versus $22.15 billion expected (MISS). Despite the miss on the top and bottom lines, shares are currently trading up $7.60 or 5.25% in volatile trading (they were higher). Investors are cheering that the company is looking to add to the vehicle lineup with a cheaper model in 2H. IN other earnings after the close:Visa reported EPS of $2.51 versus $2.44 expected (BEAT). Revenues came in at $8.7 billion versus expectations of $8.63 billion (BEAT). They affirmed fiscal year 2024 revenue low double digit. Shares of Visa are trading up $8.87 or 3.24% at $283Texas instruments reported earnings-per-share of $1.20 versus $1.07 expected (BEAT). Revenues came in at $3.66 billion versus $3.61 billion expected (BEAT). They see Q2 EPS at $1.05 – $1.25 versus expectations of $1.16 and revenues of $3.65 billion – $3.95 billion versus expectations of $3.78 billion (MET). Shares of TXN are trading up $8.78 or 5.31% at $174.25 This article was written by Greg Michalowski at www.forexlive.com.

Texas Instruments reports earnings of $1.20 versus $1.07 expected

Apr 23, 2024 | 13:19 pm

Texas Instruments reports earnings:EPS $1.20 versus $1.07 expectedRevenues of $3.68 billion versus expected $3.61 billionGuidance revenues $3.65 and $3.95 billion versus $3.78 billion estimate This article was written by Greg Michalowski at www.forexlive.com.

Visa reports earnings: EPS 2.51 vs 2.44 estimate. Company sees 'stable consumer spending'

Apr 23, 2024 | 13:12 pm

EPS $2.51 vs $2.41 expectedRevenues $8.80 billion vs $8.55 billion expectedShares are up 3.4%. The jump in revenue is a good sign for overall consumer spending and the metrics point to a healthy global consumer.Comments from Ryan McInerney, Chief Executive Officer:"Visa delivered strong results in the second quarter, with net revenue up 10%, GAAP EPS up 12%, and non- GAAP EPS up 20%. Overall payments volume grew 8% [y/y] and cross-border volume grew 16%, driven by stable consumer spending. As we head into the second half of the year and beyond, we remain focused on the trillions of dollars of opportunity in consumer payments and new flows and on continuing to deepen our partnerships with clients around the world by adding value across our network of networks."In the earnings presentation, there is some deceleration in Visa transactions into April:Here is the forward-looking guidance. The revenue numbers certainly don't point to any consumer weakening. This article was written by Adam Button at www.forexlive.com.

Tesla earnings: EPS $0.45 vs $0.51 est. Revs $21.3B vs $22.31B est. Looks to expand lineup

Apr 23, 2024 | 13:04 pm

Tesla earnings are outEPS $0.45 vs $0.51 expectedRevenues $21.3 billion vs $22.31B estimate. Last year $23.329 billion. This is the first drop in 4-years. Gross margins 17.4%Free cash flow -2.531 millionAdjusted EBITDA 3.384 million versus 3.313 million estimateGuidance for deliveries for the year was expected at 1.89-1.90M. Do not see an estimate for deliveries in the initial release of data. Updated future vehicle lineup to accelerate launch of the new models ahead of previously communicated start of production in 2H of 2025 . (i.e, the company is hinting at more affordable models).Regarding new models, they will include more affordable models, will utilize aspects of next-generation platform as well as aspects of our current platforms.Committed to companywide cost production.The company announced job cuts of over 10% last week. They have ample liquidity to afford expansion plans.Global EV sales continue to be under pressure as many carmakers prioritize hybrids over EVsSays our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023Says we experienced numerous challenges in Q1, from the Red Sea conflict and the arson attack at Gigafactory in BerlinTo support growth, they said that they have been increasing awareness and expanding vehicle financing programs, including attractive leasing terms for our customersIn US we produced over 1000 cybertrucks in a single week in April.In artificial intelligence software and hardware, will continue to increase our core AI infrastructure capacity in coming monthsDespite the miss on the top and bottom line Tesla shares are now up over 7% trading at $155.88, up $11.44 as investors are encouraged by the accelerated pace of new, more affordable models (from 2H of 2024).Although the price is higher at $155.88 snapshot, the price of TSLA shares were as high as $179.22 on April 9. The next upside target comes in at $160.51 followed by the falling 50-day moving average at $176.71. It would take a move above both to give buyers some confidence. This article was written by Greg Michalowski at www.forexlive.com.

Trade ideas thread - Wednesday, 24 April, insightful charts, technical analysis, ideas

Apr 23, 2024 | 12:58 pm

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: This article was written by Eamonn Sheridan at www.forexlive.com.

Economic calendar in Asia Wednesday, 24 April 2024 - Australian inflation data

Apr 23, 2024 | 12:58 pm

New Zealand trade data kicks off the agenda, with Japanese services PPI to follow and then Australian CPI data for both the March month and Q1.Eyes will be mainly on the quarterly inflation data, which is expected to rise from 0.6% q/q in Q4 2023 to 0.8% q/q for Q1 of 2024. This will keep the RBA on alert and the cash rate sitting here it is for now. The y/y is expected to drop, both for the headline and core (trimmed mean). This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected. This article was written by Eamonn Sheridan at www.forexlive.com.

Tesla earnings will be released after the close

Apr 23, 2024 | 12:40 pm

The first Magnificent 7 stock will report their earnings after the close. Tesla which has been "not so magnificent" in 2024. IN fact it has been pretty horrible. Nevertheless, it is the first of the a number of big-cap "name" stocks to report this week. What is expected?Here's a summary of Tesla's anticipated financial performance in bullet format, including expectations versus prior results:Earnings Expectation: Tesla is projected to report adjusted earnings per share (EPS) of $0.51. Last year this time they did $0.85. Not good. Last quarter EPS was at $0.71.Revenue Expectation: Anticipated top-line revenue of $22.31 billion, marking the first revenue drop in four years.A year ago revenues were at $23.329B. Last quarter Revenues came in at $25.167 billionOperating Profit: Expected to be $1.49 billion, a 40% decrease from the previous year.Other items of interest:Q1 Deliveries: Reported at 386,810 vehicles, significantly below the estimate of 449,080.Q1 Production: Recorded at 433,371 vehicles, also below the estimate of 452,976.Sales vs Production: The gap of sales to production of about 46,500 fewer vehicles increases concerns about decreasing global demand for Tesla vehicles.The stock is trading today up $3 or 2.09% at $145.06. Yesterday, the price moved to the lowest level going back to January 2023. That comes after reaching a high of nearly $300 on July 19, 2023. The low price in 2023 reached $101.81.IN 2023, the closing level at the end-of-the -year was at $248.48. At current levels, the price is down close to 42% on the year. The high for the year was on the first trading day of the year. Upside targets come in at $152.37, $160.51, and then near the broken 61.8% and 50 day MA near $176. Move below the low from yesterday, and the price can ultimately look toward the low from 2023 at $101.80 over time. In between,,targets at $124.31, $115.60 before the low price at $101.81 (see chart below).Other earnings after the close include Visa, Texas Instruments, ChubbLater this week other big names include:Wednesday: AT&T, Boeing, Ford, IBM, Meta PlatformsThursday: Caterpillar, Comcast, Alphabet, Microsoft, IntelFriday: Chevron, ExxonMobil, AutoNation This article was written by Greg Michalowski at www.forexlive.com.

Mexican Peso advances as US economic deceleration pressures the USD

Apr 23, 2024 | 12:01 pm

The Mexican Peso stages a comeback and rallies against the US Dollar in early trading during Tuesday’s North American session.

Oil climbs to $1.46 to settle at $83.36

Apr 23, 2024 | 11:37 am

Oil has passed its first test of $80.WTI trade as low as $80.88 earlier but reversed to settle near the highs of the day at $83.34. It was helped along by improving risk appetite, a softer US dollar and the threat of more sanctions on Iran.Private oil inventory is due after the US close with the consensus at a build of 1.8 million barrels of oil along with draws of 1.4m barrels of gasoline and 900k barrels of distillates. There is some late talk of a 4mbpd draw of crude so that could also explain some of the enthusiasm. This article was written by Adam Button at www.forexlive.com.

Canadian Dollar grinds higher against Greenback after US PMIs bolster rate cut hopes

Apr 23, 2024 | 11:33 am

The Canadian Dollar (CAD) stepped higher against the US Dollar (USD) after US Purchasing Managers Index (PMI) figures came in softer than expected.

GBP/JPY climbs towards 192.80 after UK Services PMI hit 11-month high

Apr 23, 2024 | 11:14 am

The GBP/JPY pair extended gains on Tuesday, climbing towards 192.80 after an upside beat to the UK Services Purchasing Managers Index (PMI) earlier in the session.

US Dollar declines on weak data and positive market enviroment

Apr 23, 2024 | 11:09 am

The US Dollar Index (DXY) is trading softly at 105.70 tallying daily losses on Tuesday's session.

EUR/JPY Price Analysis: Bullish momentum prevails, reaches its highest since 2008

Apr 23, 2024 | 11:08 am

The EUR/JPY rose towards 165.64 on Tuesday’s session, its highest level since 2008, showcasing clear bullish signals that point to further gains.

Dow Jones Industrial Average gains after US PMI miss reignites rate cut hopes

Apr 23, 2024 | 11:02 am

The Dow Jones Industrial Average (DJIA) climbed on Tuesday after US Purchasing Managers Index (PMI) figures softened unexpectedly, bringing broad-market hopes for an earlier-than-expected rate cut from the US Federal Reserve (Fed) back to the forefront.

EUR/USD climbs above 1.0700 on soft US Dollar on weak US PMIs

Apr 23, 2024 | 11:00 am

During Tuesday's North American session, the Euro appreciated against the US Dollar, up by more than 0.40%, and exchanged hands above a key resistance level.

Pound Sterling bulls stepped in as ‘morning star’ chart pattern looms

Apr 23, 2024 | 10:54 am

GBP/USD Price Analysis: Bulls stepped in as ‘morning star’ chart pattern looms The Pound Sterling rallied early in the North American session, gaining more than 0.65% against the US Dollar after softer-than-expected data from the United States (US), which could spur the Federal Reserve to begin to ease policy faster than expected.

S&P 500 stretches to a fresh session high, up 1.25%

Apr 23, 2024 | 10:49 am

Imagine what will happen if/when we get a weak non-farm payrolls or CPI report?Today's weaker US PMI from S&P Global was a taste of what's to come when the data eventually softens, whenever that might be. The 50.9 reading in the services PMI compared to 52.0 expected certainly wasn't a big miss but it cracked the door back open to rate cuts and that was all the market needed.The S&P 500 is up 62 points to 5072 now and the two days of gains have erased the four days of selling that preceded them.Looking ahead, this rally will depend on what happens with earnings. Tesla reports after the bell, though I wouldn't classify it as meaningful for the broader market. The bigger signal will come from Visa and whatever is says about the health of the global consumer and spending. Later this week, we will get reports from Meta, Microsoft and Alphabet. This article was written by Adam Button at www.forexlive.com.

Forex Today: Improved risk appetite hurt the Dollar

Apr 23, 2024 | 10:43 am

Increasing appetite for the risk-linked space weighed further on the US Dollar, while disheartening US PMIs also kept the currency depressed.

The three major pillars keeping the dollar strong unlikely to change - Deutsche Bank

Apr 23, 2024 | 10:33 am

Deutsche Bank has been bullish on the US dollar since the start of the year and sees no reason to pivot in light of three driving factors of US outperformance.1) US fiscal deficitsThe US passed a budget deficit of 5-6% of GDP for the fifth year in a row and DB now calls overspending 'a grand coalition' among Republicans and Democrats and includes "war-time deficit at full employment". Contrast that with the lower spending in Europe and elsewhere and you have a looming fiscal problem but strong growth and USD strength in the meantime.2) The dollar's safe-haven statusThe dollar can get away with high fiscal deficits because the domestic private sector is fully funding public sector spending. Secondly, with the Fed maintaining inflation credibility, it means that Treasury rates will have to be higher. Finally, they tout the dollar's reserve status, which looks invincible. They also note that there is nothing unusual about the US dollar and gold rallying at the same time.3) China's deflation"Nowhere is dollar dominance more apparent than the continued upside pressure on USDCNY. Given China's huge external surpluses this is indicative of persistent capital flight and entirely aligned with the combined rally of gold and the dollar this year."Finally, they note that intervention threats from Japan "are not credible" because the weakness in the yen is driven by flows into carry trades. This article was written by Adam Button at www.forexlive.com.

United States 2-Year Note Auction rose from previous 4.595% to 4.898%

Apr 23, 2024 | 10:09 am

United States 2-Year Note Auction rose from previous 4.595% to 4.898%

US sells 2-year notes at 4.898% vs 4.904% WI

Apr 23, 2024 | 10:01 am

Earlier today it looked like these notes could sell above 5% but some strong bids arrived in the fixed income market after today's weaker US PMIs from S&P Global.Bid to cover at 2.66 vs 2.62 priorPrior sale was 4.595%USD/JPY has slumped back lower on the heels of the auction. This article was written by Adam Button at www.forexlive.com.

US treasury to auction $69 billion of two-year notes at the top of the hour

Apr 23, 2024 | 09:56 am

The U.S. Treasury is to auction $69B of 2-year notes at the top of the hour. The markets will measure the success or failure of the auction versus the 6-month averages of the major components. Below is a summary of the components, the previous auction results and 6-month averages:High Yield: Prev. 4.595%, six-auction average 4.651%Tail (the difference between the high yield and the WI level at the time of the auction): Prev. 0.5 bps, six-auction avg. 0.2 bpsBid-to-Cover (number of bids vs the auction amount): Prev. 2.62x, six-auction avg. 2.59xDealers: Prev. 13.4%, six-auction avg. 16.3%Directs (a measure of domestic buyers/demand): Prev. 20.9%, six-auction avg. 20.5%Indirects (a measure of international buyers/demand): Prev. 65.8%, six-auction avg. 62.9% This article was written by Greg Michalowski at www.forexlive.com.

Coach Dale explores the current rebound in stocks [Video]

Apr 23, 2024 | 09:46 am

In today's TradeGATEHub Live Trading session, Coach Dale explores the current rebound in stocks, questioning the duration and extent of the recovery.

JPMorgan CEO Dimon: There is a chance stagflation could happen again

Apr 23, 2024 | 09:20 am

JPMorgan Chase CEO Dimon is on the wires saying:There is a chance stagflation could happen againThe US economy is unbelievable and booming.Even if we go into a recession, the US consumer is in good shapeThe comments are in contrast to the data seen today that showed S&P Global manufacturing and service PMI's lower. The Richmond Fed manufacturing index was also on the weak side.US stocks remain reported with the S&P index up 1.13% and the NASDAQ up 1.50%. This article was written by Greg Michalowski at www.forexlive.com.

European stocks end the day on the highs

Apr 23, 2024 | 08:45 am

The UK FTSE 100 hit a record high again today but it was the laggard in the big picture as strong risk appetite drove gains:Stoxx 600 +1.1%German DAX +1.6UK FTSE 100 +0.2%French CAC +0.9%Italy MIB +1.9%Spain IBEX +1.7% This article was written by Adam Button at www.forexlive.com.

USD/JPY dip buyers don't hesitate

Apr 23, 2024 | 08:26 am

Today's price action highlights how big of a problem that Japanese authorities have on their hand. Even with a broader US dollar selloff on weaker economic data and dipping Treasury yields, USD/JPY barely blinked.The pair fell to 154.58 and that 20-pip decline was plenty for the aggressive buyers of the pair who are betting the MOF won't intervene. Moreover, it highlights that fundamentals are backing the pair and will make it very tough for anyone to block the path above 155.Now I think that eventually the US economy will cool and the Fed will cut but it's going to take more than today's soft-ish S&P Global PMI. This article was written by Adam Button at www.forexlive.com.

GBP/USD Price Analysis: Bulls stepped in as ‘morning star’ chart pattern looms

Apr 23, 2024 | 08:10 am

The Pound Sterling rallied early in the North American session, gaining more than 0.65% against the US Dollar after softer-than-expected data from the United States (US), which could spur the Federal Reserve to begin to ease policy faster than expected.

MUFG: Increased risk of imminent yen intervention as USD/JPY nears 155

Apr 23, 2024 | 07:58 am

Mitsubishi UFJ Financial Group highlights the rising likelihood of intervention by Japanese authorities to support the yen, following strong signals from Japan’s Finance Minister and recent currency trends. The USD/JPY has been hovering just below the crucial 155 level, intensifying intervention expectations ahead of the Bank of Japan’s policy meeting on Wednesday.Key Points:Finance Minister's Warning: Japan’s Finance Minister, Suzuki, has issued a potent warning, indicating that the government is closer to intervening in the forex market to support the yen. This follows a tripartite agreement between Japan, South Korea, and the US acknowledging concerns over the recent weakness of the yen and South Korean won.Market Conditions and Intervention Readiness: Suzuki’s statements suggest that the conditions for intervention are primed, marking a significant shift in Japan's stance towards more direct action against excessive volatility in the yen exchange rate.Speculative Trading and Yen Weakness: The latest IMM report reveals a continued increase in speculative short positions on the yen, reaching the highest levels since November 2017. This trend underscores the market's bearish outlook on the yen, contributing to its depreciation.Concerns Over Economic Fundamentals: Japanese officials are worried that the yen’s recent movements do not reflect the country's economic fundamentals, especially since significant policy changes in March when Japan exited negative interest rates and yield curve control.Timing and Effectiveness of Intervention: There is a concern that intervening to support the yen might be less effective if U.S. yields keep rising, potentially strengthening the dollar further. This scenario could diminish the impact of any Japanese efforts to stabilize or strengthen the yen.Conclusion:As the USD/JPY approaches the sensitive 155 level, MUFG underscores the heightened risk of intervention from Japan to support the yen. With the backing of recent agreements and the clearest indication yet from Japan’s Finance Minister, markets are on high alert for potential actions that could influence currency dynamics significantly.For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here This article was written by Adam Button at www.forexlive.com.

The intensity of the US dollar reaction to the PMI is instructive

Apr 23, 2024 | 07:47 am

This is a market that's been desperately searching for signs of a cooling economy and it's treating today's S&P Global US PMI like an oasis in the desert.It's similar in FX, where we are getting a round of US dollar selling that's lifted the euro by 40 pips and the pound by 60 pips. I wrote yesterday about how I thought we had hit the point of maximum pain in bonds. We may get a better signal in today's whopping $69 billion sale of 2s but with a 3 bps decline today, a sale at 5% is looking less likely.The S&P Global services PMI doesn't have a perfect record but it's a forward-looking indicator and cracks the door open to some cooling in the economy -- and the rate cuts the market wants with it.The combination of the six-day rout in stocks and the pain trade all year long in bonds could mean a rapid re-evaluation of the path of the economy. Many forget that the US is running a deficit close to 7% of GDP. Once that's removed in 2026 (depending on the election results), the economy will need lower rates to grow, similar to what we're seeing elsewhere. This article was written by Adam Button at www.forexlive.com.

Gold price weakens as Middle East tensions ease, weak US PMI provides some relief

Apr 23, 2024 | 07:46 am

Gold price (XAU/USD) finds support after slipping below the crucial support of $2,300 in Tuesday’s early American session.

Mexican Peso trades higher in major pairs after global Manufacturing PMIs enter contraction

Apr 23, 2024 | 07:34 am

The Mexican Peso (MXN) is trading higher on Tuesday after plummeting temporarily at the end of last week, but then reverting to mean after fears of an escalation in the conflict in the Middle East abated.

Pound Sterling rises on strong UK Services PMI, BoE Pill's hawkish guidance

Apr 23, 2024 | 07:32 am

The Pound Sterling (GBP) bounces back from 1.2300 in Tuesday’s early New York session as the S&P Global/CIPS has posted stronger-than-expected United Kingdom preliminary Services PMI data for April.

Breaking: US S&P Manufacturing PMI declines to 49.9, Composite PMI falls to 50.9

Apr 23, 2024 | 07:24 am

S&P Global will release the flash estimates of the United States (US) Purchasing Managers Indexes (PMIs) for April on Tuesday, a survey that measures business activity throughout the month.

US Dollar sees markets applauding weaker PMI, though no major selling for the Greenback

Apr 23, 2024 | 07:23 am

The US Dollar (USD) is a touch softer this Tuesday after European Purchase Managers Index (PMI) numbers for Germany and France partially outpaced the US PMI numbers for April. The biggest turning point is the fact that US Services fell below

Yields moving lower. Dollar lower. Stocks higher after some sluggish data.

Apr 23, 2024 | 07:22 am

The sluggish flash PMI data and Richmond Fed data, has yields moving lower, the dollar lower and stocks higher. Looking at the yield curve, the shorter end is lower as traders adjust to the surprise weakness and ponder does this ease the Feds (and the markets) anxiety about growth/inflation, just when things were tilting the other way?.2 year yield 4.918%, -5.3 basis points. The high reached 5.00% earlier today5-year 4.603%, -5.7 basis points. The high reached 4.692%10 year 4.573%, -4.9 basis points. The high-yield reach 4.652%30-year 4.696%, -2.8 basis points. The high-yield reach 4.756%Looking at the major indices:Dow Industrial Average is up 0.43%S&P index is up 0.89%NASDAQ index is up 1.23%.The small-cap Russell 2000 is leading the way with a gain of 4.63%In a Forex:EURUSD is above the February low at 1.06942 and looks toward a test of the 38.2% retracement of the move down from the April high to the April low at 1.0709. A move above that level would have traders targeting the 100 bar moving average on the four hour chart of 1.07315. USDJPY: The USDJPY is moved down to test its 100-hour moving average at 154.569 (blue line in the chart below). Moving below would give the sellers more control. GBPUSD: The GBPUSD moved above both its 100 and 200 hour MAs (blue and green lines on the chart below) at 1.2406 and 1.2448 respectively. The 38.2% of the April trading range is at 1.2455 and the next upside target needed to get to and through to increase the bullish bias. This article was written by Greg Michalowski at www.forexlive.com.

USD/CHF Price Analysis: Faces selling pressure above 0.9100 after weak US PMI

Apr 23, 2024 | 07:22 am

The USD/CHF pair faces a sell-off above the round-level support of 0.9100 in Tuesday’s early American session.

Four things to watch this week

Apr 23, 2024 | 07:16 am

The FTSE 100 had been a wall flower of the stock market during the Q1 market rally; however, it’s fighting back, and has finally made a fresh record high.

EUR/USD bounces back into positive territory after release of US PMIs

Apr 23, 2024 | 07:08 am

EUR/USD extends its holding pattern of the last few days, trading in the mid 1.0600s on Tuesday, prior to the release of potentially market-moving purchasing manager survey data.

United States New Home Sales (MoM) registered at 0.693M above expectations (0.668M) in March

Apr 23, 2024 | 07:00 am

United States New Home Sales (MoM) registered at 0.693M above expectations (0.668M) in March

US March new home sales 0.693m vs 0.670m expected

Apr 23, 2024 | 07:00 am

Best reading since SeptPrior was 0.662 million (revised to 0.637m)Sales +8.8% vs -0.3% priorSupply at 8.3 months vs 8.8 months priorMedian price $437,700, down 1.9% y/yI don't find this terribly surprising. There are plenty of reports in the home building industry that consumers are turning to new homes rather than existing homes because builders are offering rate buy-downs (essentially below-market interest rates for a few years). They've found that to be a winning combination and the latest numbers from a handful of big US builders were strong. This article was written by Adam Button at www.forexlive.com.

Richmond Fed Manufacturing index -7 versus -7 estimate

Apr 23, 2024 | 06:59 am

Prior month -11Manufacturing index -7 versus -7 estimate (six months in a row below zero).Services index -13 versus -7 last monthmanufacturing shipments -10 versus -14 last month.Employment -2 versus 0 last month.Wages 16 versus 23 last monthprices paid 2.79 versus 3.22 last month.Prices received 2.37 versus 2.23 last month.New orders -9 versus -17 last month.Backlog of orders -17 versus -25 last month.Capacity utilization -5 versus -21 last month. Capital expenditures -1 versus -9 last month.Services expenditures -8 versus -17 last month.Six-month forward:Shipments 32 versus 19 last month.Employment 3 versus 2 last month.Wages 43 versus 44 last month.Prices paid 3.29 versus 2.94 last month.Prices received 2.29 versus 2.03 last month.New orders 31 versus 19 last month.Capital expenditures -1 versus zero last month.Services expenditure -13 versus my 17 last month.Manufacturing still week in Richmond. Prices were mixed. Shipments, new orders, backlog of orders all negative indicative of sluggish to contracting manufacturing in the region., This article was written by Greg Michalowski at www.forexlive.com.

United States S&P Global Manufacturing PMI below forecasts (52) in April: Actual (49.9)

Apr 23, 2024 | 06:45 am

United States S&P Global Manufacturing PMI below forecasts (52) in April: Actual (49.9)

United States S&P Global Services PMI came in at 50.9 below forecasts (52) in April

Apr 23, 2024 | 06:45 am

United States S&P Global Services PMI came in at 50.9 below forecasts (52) in April

S&P Global services PMI 50.9 vs 52.0 expected

Apr 23, 2024 | 06:45 am

Prior was 51.7Manufacturing 49.9 vs 52.0 expectedPrior manufacturing reading 51.9Composite PMI 50.9 vs 52.1 priorApril saw an overall reduction in new orders for the first time in six monthsCompanies responded by scaling back employment for the first time in almost four yearsbusiness confidence fell to the lowest since last NovemberRates of inflation generally eased at the start of the second quarter, with both input costs and output prices rising less quickly at the composite levelHowever manufacturing input cost inflation hit a one-year highSome service providers suggested that elevated interest rates and high prices had restricted demand during the monthThat last line is a good sign that the Fed doesn't need to hike rates further to restrain inflation/activity.From Chris Williamson, Chief Business Economist at S&P Global Market Intelligence:“The US economic upturn lost momentum at the start of the second quarter, with the flash PMI survey respondents reporting below-trend business activity growth in April. Further pace may be lost in the coming months, as April saw inflows of new business fall for the first time in six months and firms’ future output expectations slipped to a five-month low amid heightened concern about the outlook. “The more challenging business environment prompted companies to cut payroll numbers at a rate not seen since the global financial crisis if the early pandemic lockdown months are excluded. “The deterioration of demand and cooling of the labor market fed through to lower price pressures, as April saw a welcome easing in rates of increase for selling prices for both goods and services. “Notably, the drivers of inflation have changed. Manufacturing has now registered the steeper rate of price increases in three of the past four months, with factory cost pressures intensifying in April amid higher raw material and fuel prices, contrasting with the wage- related services-led price pressures seen throughout much of 2023.”The US dollar has dropped on this report. There's some fresh talk of a March/April weakening in the US economy and that could be showing up in this survey, which is a forward-looking metric. This article was written by Adam Button at www.forexlive.com.

US major indices are higher in early US trading

Apr 23, 2024 | 06:43 am

The major US indices are higher in early trading. The NASDAQ index is leading the way followed closely by the S&P index. A snapshot of the market 11 minutes into the open is showing:Dow industrial average up 78.15 points or 0.20% at 38318.14S&P index up 22.78 points or 0.45% at 5033.37NASDAQ index up 84.51 points or 0.55% at 15535.82The small-cap Russell 2000 is trading up 6.90 points or 0.35% at 1974.37.The flash S&P Global PMI data will be released shortly with manufacturing expected at 52.0 (versus 51.9 last month). The services estimate is also at 52.0 (versus 51.7 last month).US yields are highe ahead of the data:2- year 4.99%, +1.8 basis points5-year 4.681%, +2.1 basis points10-year 4.643%, +2.1 basis points30-year 4.749%, +2.5 basis points This article was written by Greg Michalowski at www.forexlive.com.

Silver Price Analysis: Silver price in steep sell-off after touching top of four-year range

Apr 23, 2024 | 06:31 am

Silver (XAG/USD) price has continued to sell-off after being rejected by the top of a long-term range at just below $30.00 (green line) on April 12.

S&P 500: Upcoming earnings lift hope

Apr 23, 2024 | 06:24 am

Monday’s trading session was quite bullish, with the S&P 500 index climbing by 0.87% and closing above 5,000 level following its sell-off last week.

US stocks set for a second day of gains

Apr 23, 2024 | 06:23 am

S&P 500 futures are nearing yesterday's highs and at the best pre-market levels. Futures are up 20 points, or 0.4% as earnings roll in.Shares of GM are up 6% after beating and raising guidance on strong truck sales. Shares of Spotify are also up 8% on earnings Shares of UPS and Pepsi are slightly lower after reporting while JetBlue tumbled 10.5%.Shares of steel-makers Nucor and Cleveland-Cliffs are both lower as well on earnings misses and a decline in demand for steel from some key customers. This article was written by Adam Button at www.forexlive.com.

Oil dips over 1% with Russian Oil export still at multi-month high

Apr 23, 2024 | 06:11 am

Oil prices are taking a turn for the worse this Tuesday with Russia back in focus. A Bloomberg report showed that Russia is still flooding the markets with its cheaper Oil, maintaining its multi-month high exports of seaborne crude exports. India and China

USD/JPY notches up a 34-year high as USD returns to favor

Apr 23, 2024 | 06:00 am

USD/JPY pulls back a touch after making a new high for April – and the last 34 years – at 154.86 on Tuesday, as the US Dollar (USD) returns to favor amid continued optimism regarding the US economy.

AUD/USD Price Analysis: Despite signs this is probably not a bullish reversal

Apr 23, 2024 | 05:57 am

“The trend is your friend,” traders like to say, and AUD/USD is in a downtrend overall.

Aussie dollar trades back above US$0.64

Apr 22, 2024 | 17:00 pm

AUD - Australian dollar The Australian dollar is stronger this morning when valued against the Greenback, currently trading at 0.6446 at time of writing. The Aussie dollar yesterday fared better than most of its rival counterparts against the Greenback partly because commodities, which Australia is a major exporter of, are holding their value better than expected. The supportive effect may not last, however, since Iron Ore, which is Australia’s largest export, could be peaking and about to roll over. The Australian dollar may encounter challenges ahead, particularly as domestic inflation continues to moderate, aligning with the Reserve Bank of Australia's (RBA) latest forecasts. Furthermore, the persistently tight labour market could lead to calls for an RBA rate reduction before the year's end. On the data front, today we will see the release of the Purchasing Managers' Index (PMI). On Wednesday, the Australian Bureau of Statistics will release the latest Consumer Price Index (CPI), which is expected to increase from 0.6% to 0.8% for the last quarter. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Finally on Friday we will see the release of the Producer Price Index (PPI). Key Movers US equities on Monday opened higher in the early going, but there have been frequent bouts of strength in the latest six-day losing streak that have ultimately been overwhelmed by sellers. In early trading, the index is up 20 points, or 0.45%, which is a tad softer than futures indicated. 10-year US Treasury yields jump to 4.64% as Federal Reserve (Fed) policymakers argue that the current restrictive monetary policy framework is appropriate given strong labor demand and stubbornly higher price pressures. On the data front, the Chicago Fed National Activity Index (CFNAI) rose to +0.15 in March from +0.09 in February. Two of the four broad categories of indicators used to construct the index increased from February and two categories made positive contributions in March. The Chicago Fed's National Activity Index is a monthly indicator designed to gauge overall economic activity and related inflationary pressure. The personal consumption and housing category's contribution to CFNAI was -0.01 in March, down from +0.02 in February, the Chicago Fed said on Monday. Looking ahead for the rest of the week and Federal Reserve officials will begin its blackout period ahead of the May 1 meeting. However, April PMIs and housing data will be released by S&P Global. Expected RangesAUD/USD: 0.6350 - 0.6550 ▲AUD/EUR: 0.5950 - 0.6150 ▲GBP/AUD: 1.9050 - 1.9250 ▼AUD/NZD: 1.0800 - 1.1000 ▲AUD/CAD: 0.8750 - 0.8950 ▼

Aussie dollar trades below US$0.64

Apr 21, 2024 | 17:00 pm

AUD - Australian dollar The Australian dollar is weaker this morning when valued against the Greenback currently trading at 0.6411 at the time of writing. The Aussie dollar fell on Friday below 0.6400 as riskier assets faced pressure due to heightened geopolitical risk across financial markets. Last week on the local front Australia's unemployment rate rose slightly to 3.8 per cent after 6600 jobs were lost in March, a stronger-than-expected result that will likely end any chance of a mid-year interest rate cut. The jobless rate, revealed today by the Australian Bureau of Statistics, is only a marginal increase on last month's surprisingly low figure of 3.7 per cent and slightly better than market forecasts of a larger rise to 3.9 per cent. A tight labour market means the Reserve Bank is unlikely to pull the trigger on an interest rate cut until towards the end of the year. Looking ahead to this week and today we will see the release of the Flash Manufacturing PMI. A survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. On Wednesday the Australian Bureau of Statistics will release the latest Consumer Price Index (CPI) which is expected to increase from 0.6% to 0.8% for the last quarter. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Finally, on Friday we will see the release of the Producer Price Index (PPI). Key Movers The US dollar Index (DXY) is currently trading at 106.09, a mild loss from its recent peak of 106.35. Despite this, the index remains geared toward testing its November 1 high of 107.10. The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength that is driving the economy. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 212,000 for the week ended April 13, the Labor Department said on Thursday. Labor market resilience, together with elevated inflation have led financial markets and some economists to expect that the Federal Reserve could delay cutting interest rates until September. A few economists doubt that the U.S. central bank will lower borrowing costs this year. The Pound Sterling tumbled against the US dollar during the mid-North American session on Friday after a volatile trading day due to geopolitical risks. The GBP/USD currently trades at 1.2367, down 0.49%. British Retail Sales showed signs of stagnation during the European session in March compared to February’s reading. Analysts were expecting sales to grow 0.3% MoM, which came at 0%, while core sales tumbled from 0.3% to -0.3%. On an annual basis, the Office for National Statistics (ONS) revealed that sales rose by 0.8%, which is up from a drop of -0.3% in February. Expected RangesAUD/USD: 0.6300 - 0.6500 ▼AUD/EUR: 0.5900 - 0.6100 ▼GBP/AUD: 1.9150 - 1.9350 ▲AUD/NZD: 1.0800 - 1.1000 ▲AUD/CAD: 0.8700 - 0.8900 ▼

Aussie slides on prospect of US rate hike

Apr 18, 2024 | 17:00 pm

AUD - Australian dollar The AUD is lower this morning having given up a quarter percent amid higher US treasury yields and a hawkish Federal Reserve. Domestic employment data did little to move the AUD with unemployment rate edging higher, up to 3.8%, yet holding onto most of the decline seen in February when the rate fell from 4.1% to 3.7%. If we exclude January as a seasonal outlier the unemployment rate has tracked below 4% through the last two years, suggesting there is resilience within the labour force despite signs employment growth is stalling. This latest print does little to alter market expectations for RBA monetary policy and we are still looking toward a possible cut in Q4. Having tracked between US$0.6440 and US$0.6450, the AUD then fell through overnight trade amid the prospect of a potential US rate hike. Fed policy makers made clear that if inflation remained sticky and the data indicated a rate hike was needed to bring inflation back to target then that is what they would do. Having slipped below US$0.6420 the AUD tracked sideways into this morning’s open and currently trades at US$0.6419. With no domestic data on hand to drive direction we look to Japan CPI and UK retails sales as the only items of note on the macroeconomic calendar. US yields will continue to determine direction and we anticipate the AUD will remain on the back foot next week. Key Movers The US dollar is stronger this morning having reversed losses suffered through trade on Wednesday amid hawkish Fed commentary and a general risk-off tone. Yields pushed higher after NY Fed President and FOMC member Williams suggested another rate hike was not out of the question, stating “monetary policy is in a good place, I am in no hurry to cut interest rates and if the data are telling us that we need higher interest rates to bring inflation back to target then we obviously want to do that”. With USD again on the front foot, the euro slid back below 1.0650, while sterling gave up 1.2450 and the yen again gave up 154.50 and appears poised to break through 155. US treasury Secretary Yellen and the Finance Ministers of Japan and Korea met to discuss the recent and sharp depreciation of the yen and the won, offering a joint statement acknowledging the US would not stand in the way of any official currency intervention. Upon release of the statement the yen tracked higher, but Treasury yields carried the day and the USD recovered losses and is back near 154.70 on open this morning. Our attentions turn now to Japanese CPI data and UK retail sales data as the only tier one data headlining an otherwise quiet macroeconomic calendar. Expected RangesAUD/USD: 0.6380 - 0.6500 ▼AUD/EUR: 0.6000 - 0.6100 ▼GBP/AUD: 1.9250 - 1.9500 ▲AUD/NZD: 1.0820 - 1.0920 ▼AUD/CAD: 0.8800 - 0.8900 ▼

Forex Today: Stocks Tumble – Sell in May and Go Away?

Apr 18, 2024 | 00:27 am

Stocks Make Deepest Pullback in Months; Precious Metals Remain Strong; Dollar Weakens After G7 Statement; Several Trends May Be Reversing

AUD finds support as market ignores risk off tone

Apr 17, 2024 | 17:00 pm

AUD - Australian dollar The Australian dollar outperformed through trade on Wednesday, pushing back against recent losses to break above US$0.6450. Commodity currencies were well supported as currency markets ignored a broader risk-off mood and instead forced the USD lower amid a steady fall in treasury yields across the curve. With the USD on the back foot, the AUD found support in higher iron ore prices and stability across the Chinese yuan daily fixing. PBOC officials set a rate largely unchanged from the week's earlier downward revision helping stabilise the yuan and limiting the negative spillover into the AUD as a proxy. Reports of increased activity across China’s steel mills help drive a 5.5% increase in iron ore prices and a break back above $115, adding a floor under the AUD at US$0.64 for the day. Our attention now turns to domestic labour market data for March. Stability across the employment landscape will give the RBA confidence in maintaining the current policy setting and may lend support to the AUD ahead of US jobless claims and commentary from 3 key Fed officials. Key Movers The euro was the day's notable outperformer Wednesday up half a percent and back through 1.0650, marking session highs at 1.0670. European Central Bank President Christine Lagarde paved the way for the Euro advance, suggesting there were clear signs of a euro area recovery and that the Bank was closely monitoring the exchange rate and its potential impact on the euro and inflation. While euro bonds fell, US treasuries also retreated and markets appeared content in ignoring a broader risk-off tone, forcing the USD lower against most major counterparts. UK yields rallied after a stronger-than-expected UK CPI inflation print, driven by a surprise uptick in services inflation. While Governor Bailey suggested he expected a significant correction in next month’s numbers, market pricing for BoE policy change barely shifted with a first full cut not priced in until September, leaving August an outside chance should policymakers choose to move early. Sterling edged higher against the USD, pushing back above 1.2450, yet falling short of a break above 1.25. Our focus now turns to US jobless claims and commentary from key ECB and Fed officials. Expected RangesAUD/USD: 0.6380 - 0.6500 ▲AUD/EUR: 0.6000 - 0.6100 ▼GBP/AUD: 1.9200 - 1.9500 ▼AUD/NZD: 1.0800 - 1.0900 ▲AUD/CAD: 0.8800 - 0.8900 ▲

Bitcoin Halving: Will it Trigger a Market Frenzy?

Apr 17, 2024 | 04:41 am

Bitcoin is all over the news, as “Bitcoin halving” is expected to occur on Friday, April 19. What is Bitcoin halving and how will it affect the price of Bitcoin?

Forex Today: US Yields Rise on Powell Cut Delay Signal

Apr 17, 2024 | 02:00 am

Fed Chair Powell Says Inflation Falling Too Slowly; Israel Hints at Soft Retaliation, Crude Oil Weaker; USD/JPY Reaches New 34-Year High at ¥154.79; UK CPI Higher Than Expected; Bitcoin Close to Halving

AUD slide continues on heels of softer yuan spills

Apr 16, 2024 | 17:00 pm

AUD - Australian dollar Another day and another move lower for the AUD as ongoing weakness across equity markets, a risk-off tone and a lower fixing by the People's Bank of China forced the AUD to mark fresh 2024 lows. The AUD slid through supports at US$0.6440/50 tumbling toward US$US0.64 after the People's Bank of China set a lower fix for the CNY, suggesting there is some flexibility for the yuan to depreciate against the USD in line with markets and yield performance. While state banks sold USD to limit CNY losses the move weighed on the AUD as a proxy among majors. The AUD was unable to recover the early losses and tracked sideways through the overnight session testing a break below US$0.64 before edging back above this critical handle leading into the morning open. We start the day on the back foot and with no headline data on the domestic docket look offshore to NZ, UK and Eurozone CPI data and commentary across several Central banks with members from the Fed, Bank of England and European Central Bank hitting the wires. With inflation pressures taking longer than expected to dissipate we are looking for any clues as to the timing and trajectory of monetary policy change. Key Movers The dollar traded within a narrow range through Tuesday as with much of the action across financial markets contained to equities, yields and rates. US Treasury yields marked fresh 2024 highs while US equities had a mixed session with both the Dow and S&P 500 closing lower. The DXY index traded up 0.16%, buoyed by softness across risk currencies and an extension against the yen. The risk of intervention continues to hang over the yen, yet the USD retained its upward trajectory as markets pushed back against comments from Japanese currency officials. The prohibited cost associated with intervention has allowed markets some scope to doubt calls by officials that intervention is imminent. With US yields driving gains markets remain on edge and we continue to monitor comments. The euro and GBP changed little with the euro trading near US$1.062 and GBP sliding below US$1.2450 and trading near US$1.2430. NZ, UK and Eurozone CPI data and commentary across several Central banks with members from the Fed, Bank of England and European Central Bank hitting the wires will drive direction through the day. Expected RangesAUD/USD: 0.6350 - 0.6500 ▼AUD/EUR: 0.6000 - 0.6100 ▼GBP/AUD: 1.9250 - 1.9550 ▲AUD/NZD: 1.0850 - 1.0950 ▲AUD/CAD: 0.8800 - 0.8900 ▲

Forex Today: Stock Markets See Strong Selling

Apr 15, 2024 | 23:10 pm

Global Stock Markets Firmly Lower; Israel Signals Retaliation Likely Soon; USD/JPY Reaches New 34-Year High at ¥154.44; Energies, Precious Metals Firm; Markets Await Canadian CPI Data

Forex Today: Risk Sentiment Improves as Mideast Tension Lowers

Apr 15, 2024 | 00:51 am

Immediate Retaliation Against Iran Unlikely; USD/JPY Breaks Out to New 34-Year High Near ¥154; Market Await US Retail Sales Data

Forex Today: US Monthly CPI Unchanged, Triggers Hawkish Shift on Rate Cuts

Apr 10, 2024 | 23:28 pm

US CPI data released yesterday showed the annualized rate rising higher than expected to 3.5%.

US Inflation Higher Than Expected, Accelerates to 3.5%

Apr 10, 2024 | 09:37 am

US inflation for March rose 3.5% year-on-year. This was higher than expected and the US dollar is higher following the inflation release.

Forex Today: US CPI Expected to Show Slower Monthly Increase

Apr 9, 2024 | 23:43 pm

US CPI data will be released today, with the market expecting a slower pace of monthly increase.

Forex Today: Gold Makes New Record at $2,354

Apr 7, 2024 | 23:24 pm

Metals Rise Strongly to New Highs; USD/JPY Likely to Retest 34-Year High at ¥152; Crude Oil, Gasoline Futures Pull Back From Highs

Forex Today: Gold Beats $2,300

Apr 4, 2024 | 00:08 am

Spot Gold has continued to rise to new all-time high prices.

Forex Today: Gold Makes New Record at $2,288

Apr 2, 2024 | 22:27 pm

Precious Metals Rise Firmly to New Highs; Fed’s Daly Expects 3 Rate Cuts in 2024; USD/JPY Remains Close to 34-Year High Near ¥152; Crude Oil Breaks Higher; Eyes on Cocoa Futures After Spectacular Gains

German Inflation Eases to 3-Year Low

Apr 2, 2024 | 07:54 am

Germany’s CPI climbed 2.2% year-on-year in March, down from 2.7% in February and matching expectations. This is the lowest inflation rate since May 2021.

Forex Today: Yen Nears Record Low, Markets Await Possible BoJ Intervention

Apr 1, 2024 | 23:20 pm

USD/JPY Advances Close to 34-Year High Near ¥152; US Dollar Stronger on Firm US Manufacturing Data; Crude Oil Breaks Higher; Eyes on Cocoa Futures After Spectacular Gains

Forex Today: Gold Hits $2265 Per Ounce

Mar 31, 2024 | 23:13 pm

Gold Reaches Record High in Asian Session; USD/JPY Remains Below Record High Near ¥152; Strong Chinese Manufacturing Data; Eyes on Cocoa Futures After Spectacular Gains

United States GDP Expanded in Fourth Quarter by 3.4%

Mar 28, 2024 | 07:44 am

US GDP rises 3.4%, Canada GDP rebounds; US dollar steady, while stock markets show little movement following the announcement.

Forex Today: Fed’s Waller: No Rush to Cut Rates, Prospect of Hikes Remote

Mar 28, 2024 | 01:25 am

US Fed’s Waller Reiterates Ongoing Fed Message of Slow Path to Rate Cuts; USD/JPY Remains Below Record High Near ¥152; Cocoa Futures Make Another Record High Close; Gold Also Makes Record High Closing Price

Forex Today: Japanese Yen Hits 34-Year Low

Mar 27, 2024 | 00:13 am

USD/JPY Hits Record High Near ¥152, Japanese Officials Try to Talk Up Yen; Cocoa Futures Surpass $10,000 to Hit All-Time High; Aussie CPI Unchanged

Forex Today: Cocoa Futures Break $9,000 for Record High

Mar 26, 2024 | 00:38 am

Cocoa Futures Gain 8% in a Day; US Stocks, Gold Remain Bullish; Japanese Officials Try to Talk Up Yen; Bitcoin Rises Above $70k Despite Record Crypto Fund Outflows

United States Federal Reserve Holds Interest Rates, Remains Cautious

Mar 21, 2024 | 04:26 am

The Federal Reserve left interest rates unchanged for a fifth straight time at its meeting on March 20. The US dollar fell against the major currencies following the announcement.

Forex Today: Fed Says 3 Rate Cuts in 2024, Stocks, Gold Boom

Mar 21, 2024 | 00:07 am

Fed Gives Dovish Surprise by Forecasting 3 Cuts in 2024; Markets Await BoE, SNB; Gold, Stock Markets Reach Record Highs; Japanese Yen Regains Ground; Bitcoin Pares Losses; UK CPI Falls

Forex Today: Markets Await FOMC Meeting

Mar 20, 2024 | 00:06 am

FOMC Expected to Leave Rate at 5.50%; Japanese Yen Continues to Fall After BoJ; Bitcoin Weaker; Markets Await UK Inflation Data, New Zealand GDP

Forex Today: Bank of Japan Ends Negative Interest Rates

Mar 19, 2024 | 00:26 am

BoJ Makes First Rate Hike Since 2007, Japanese Stocks Rally, Yen Weakens; RBA Leaves Rates at 4.35%; Cocoa Futures Slightly Lower After Record High Yesterday; Bitcoin Weaker; Markets Await Canadian Inflation Data

Forex Today: Markets Expecting First BoJ Rate Hike in 17 Years

Mar 18, 2024 | 00:19 am

90% Expect BoJ to Ditch Negative Rates Policy Tuesday, Japanese Stocks Rallying; Bitcoin Rising After Another Record High Thursday; Cocoa Futures Roar Ahead With Dramatic Gains

Forex Today: Markets Await US PPI

Mar 14, 2024 | 00:24 am

US PPI Expected at 0.2%; Bitcoin Makes Another Record High Above $73,000; Cocoa Futures Roar Ahead.

Forex Today: US Inflation Ticks Higher to 3.2%

Mar 12, 2024 | 23:29 pm

US CPI Rises Unexpectedly; S&P 500 Makes Record High Close; Bitcoin Makes All-Time High Above $73,000

US Inflation Rises Unexpectedly to 3.2%

Mar 12, 2024 | 07:02 am

The US consumer price index (CPI) climbed 3.2% year-on-year in February, up from 3.1% in January and above the market estimate of 3.1%.

Forex Today: Markets Expecting Unchanged US Inflation Data

Mar 12, 2024 | 01:03 am

US CPI Seen at 3.1%; Bitcoin Hits New Record Below $73,000; Gold’s Bullish Momentum Starts to Pause

Forex Today: Gold, Bitcoin Looking Bullish Near Friday’s Record Highs

Mar 11, 2024 | 00:17 am

Gold, Bitcoin Advancing Again; Yen Higher on Japanese Rate Hike Bets and GDP Growth

ECB Maintains Interest Rates, Revises Lower Inflation Forecast

Mar 7, 2024 | 14:06 pm

The European Central Bank (ECB) maintained its deposit rate at a record high of 4.00% at today’s policy meeting. This decision was widely expected, and the Euro’s response has been muted.

Forex Today: Gold Makes New Record High Above $2161

Mar 6, 2024 | 23:41 pm

Gold Powers to New All-Time High; Powell Says Inflation Progress Not Assured; Japanese Rate Hike Seen Likely as Wages Rise; Bank of Canada Holds Rates; Markets Await ECB Meeting

Private Area Login

POPULAR MT4 TOOLS

Message

Forex News Live Today: The Ultimate Source for Forex News

The Latest Forex News Live Today:

Comments