Forex News Live Today: The Ultimate Source for Forex News

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  The Latest Forex News Live Today:

  • Thomson Reuters IPSOS PCSI in Mexico Rises to 61.00 in May 2024

    May 8, 2024 | 13:00 pm

    According to the latest data released on May 8, 2024, the Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) for Mexico has shown a positive trend, reaching 61.00 in May. This marks an increase from the previous indicator of 59.82 in April 2024, reflecting growing consumer confidence in the country's economy.The Thomson Reuters IPSOS PCSI provides valuable insights into consumer sentiment, offering a glimpse into the overall economic outlook. The month-over-month comparison indicates a rise in consumer optimism, highlighting potential improvements in spending patterns and economic stability in Mexico.With the current indicator surpassing the previous figure, it suggests a more positive perception among consumers regarding their personal financial situations and the state of the economy. This uptick in the PCSI for Mexico could be a promising sign for future economic growth and stability in the region.The material has been provided by InstaForex Company - www.instaforex.com

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  • Thomson Reuters IPSOS PCSI Drops Slightly in Argentina for May 2024

    May 8, 2024 | 13:00 pm

    The latest data from Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) for Argentina in May 2024 shows a minor decline from the previous month. The indicator decreased from 44.45 in April 2024 to 43.10 in May 2024. This Month-over-Month comparison indicates a slight decrease in consumer sentiment in Argentina.The data, updated on 8 May 2024, reveals the ongoing shifts in consumer perceptions amidst economic changes in the country. While the slight dip may reflect some uncertainties or factors impacting consumer confidence, further analysis will be needed to understand the implications of this trend on the Argentine economy moving forward. Stay tuned for more updates on consumer sentiment and economic indicators in Argentina and around the world.The material has been provided by InstaForex Company - www.instaforex.com

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  • Brazil Thomson Reuters IPSOS PCSI Drops in May 2024

    May 8, 2024 | 13:00 pm

    In May 2024, the Brazil Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) recorded a decrease, falling to 51.69 from the previous month's figure of 53.31, according to data updated on 08 May 2024. This drop indicates a decline in consumer sentiment in Brazil during the period. The Thomson Reuters IPSOS PCSI is a key economic indicator that reflects the perceptions of consumers regarding the current economic situation, household finances, job security, and spending intentions. The latest data suggests a shift in consumer confidence, which can have implications for the economic outlook and consumer behavior in the country.The material has been provided by InstaForex Company - www.instaforex.com

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  • Consumer Confidence in Canada Dips Slightly in May, Latest Thomson Reuters IPSOS PCSI Data Shows

    May 8, 2024 | 13:00 pm

    According to the latest Thomson Reuters IPSOS PCSI data, consumer confidence in Canada saw a minor decline in May. The current indicator came in at 47.25, down from 48.02 in April 2024. The data was updated on 08 May 2024, revealing a month-over-month comparison.The Thomson Reuters IPSOS PCSI provides valuable insights into consumer sentiment and economic outlook in Canada. While the decrease in consumer confidence may signal some caution among the population, economic analysts will be closely monitoring future trends to gauge the overall health of the Canadian economy.The material has been provided by InstaForex Company - www.instaforex.com

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  • AbbVie's Qulipta Gets Health Canada Approval For Chronic Migraine In Adults

    May 8, 2024 | 12:36 pm

    Pharmaceutical firm AbbVie Inc. has announced that its migraine prevention drug, Qulipta (or atogepant), has received approval from Health Canada for use by adults who experience at least four migraine days in a month.This approval follows the Phase 3 PROGRESS trial, which indicated a considerable reduction in monthly migraine days among adult patients dealing with chronic migraines when they were administered Qulipta 60 mg once daily.AbbVie mentioned that Qulipta is the first orally consumed, small-molecule CGRP receptor antagonist that Health Canada has approved for the prevention of both episodic and chronic migraines. The medicine comes in three varying strengths - 10 mg, 30 mg, and 60 mg.The material has been provided by InstaForex Company - www.instaforex.com

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  • Cushing Crude Oil Inventories in the United States Show Increase

    May 8, 2024 | 12:30 pm

    The latest data on Cushing crude oil inventories in the United States has just been released, indicating a notable increase. The previous indicator had shown a stockpile level of 1.089 million barrels, but the most recent update reveals a significant jump to 1.880 million barrels. This data, updated on 8th May 2024, suggests a build-up in crude oil reserves at the Cushing storage hub, which is closely monitored by market analysts and investors for insights into supply and demand dynamics in the oil market. This increase in inventories could potentially have an impact on oil prices and market sentiment as traders assess the implications for future supply levels and market stability.The material has been provided by InstaForex Company - www.instaforex.com

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  • US Distillate Fuel Production Sees 0.546M Increase, Boosting Energy Sector

    May 8, 2024 | 12:30 pm

    The United States' distillate fuel production experienced a notable 0.546 million barrel (M) increase, with the previous indicator reporting a decrease of 0.271M and the current indicator showing a rise of 0.275M. This boost in production is expected to have a positive impact on the energy sector, providing more fuel for various industries and potentially driving economic growth. The data, updated on 8th May 2024, highlights the dynamic nature of the energy market and its significance in the broader economic landscape. Analysts will be closely monitoring this trend to assess its implications on the overall market performance.The material has been provided by InstaForex Company - www.instaforex.com

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  • Gasoline Production in the United States Sees Significant Drop to 0.099M

    May 8, 2024 | 12:30 pm

    Gasoline production in the United States has taken a notable decline, with the current indicator reaching 0.099M, down from the previous figure of 0.254M. This change was recorded on May 8, 2024, highlighting a significant shift in the country's fuel production output.The decrease in gasoline production could have implications for consumers and industries reliant on fuel supply. Factors such as fluctuations in oil prices, supply chain disruptions, or changes in demand may have contributed to this shift in production levels.As the situation continues to evolve, stakeholders in the energy sector will be monitoring closely to assess the impact of this development on the market and potentially adjust their strategies accordingly.The material has been provided by InstaForex Company - www.instaforex.com

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  • Heating Oil Stockpiles Show Increase in the United States

    May 8, 2024 | 12:30 pm

    The latest data on heating oil stockpiles in the United States has shown an increase, with the current indicator reaching 0.285 million barrels, up from the previous report of -0.179 million barrels. The data, which was updated on 08 May 2024, indicates a shift in stockpile levels that could impact the energy market.Investors and analysts are likely to monitor these changes closely, as fluctuations in oil stockpiles can have a significant impact on prices and supply levels. With the increase in heating oil stockpiles, consumers may benefit from potentially lower prices, while industry professionals will be keeping a close eye on how this development could influence market dynamics.The rise in heating oil stockpiles in the United States comes at a time of evolving global energy trends and market conditions, highlighting the importance of monitoring supply and demand dynamics in the oil sector for both investors and consumers alike.The material has been provided by InstaForex Company - www.instaforex.com

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  • US EIA Weekly Refinery Utilization Rates Rise by 2% from Previous Week

    May 8, 2024 | 12:30 pm

    The latest data released by the US Energy Information Administration (EIA) shows that the weekly refinery utilization rates in the United States have increased by 2% compared to the previous week. The indicator for the current week stands at 1.0%, reflecting a positive trend in refinery operations despite ongoing challenges in the global energy market.This data, updated on 08 May 2024, indicates a significant improvement in refinery activity Week-over-Week. The increase from the previous week's rate of -1.0% to the current 1.0% demonstrates a noteworthy rebound in the industry's operational efficiency. This rise in refinery utilization rates could have a positive impact on the supply of petroleum products in the market and contribute to stabilizing prices amidst fluctuating demand and geopolitical uncertainties.The material has been provided by InstaForex Company - www.instaforex.com

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  • U.S. Crude Oil Inventories Show Significant Drop by 1.362M Barrels

    May 8, 2024 | 12:30 pm

    In the latest update on U.S. crude oil inventories, data released on May 8, 2024, revealed a notable decrease of 1.362 million barrels. This decline marks a substantial shift from the previous indicator, which had shown a build of 7.265 million barrels. The unexpected drop in inventories could have implications for the oil market, potentially influencing prices and supply dynamics.Analysts will be closely monitoring how this shift in inventories will impact the broader energy sector and global markets. The unexpected drawdown in crude oil stocks may signal changes in supply and demand dynamics, affecting trading strategies and market sentiment in the coming days. Traders and investors will be keeping a close eye on further developments to gauge the potential effects on oil prices and market volatility.The material has been provided by InstaForex Company - www.instaforex.com

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  • Turkey's Treasury Cash Balance Hits Record Low in April 2024

    May 8, 2024 | 12:30 pm

    In April 2024, Turkey's Treasury cash balance reached a record low at -236.979 billion, marking a significant decrease from the previous month's figure of -166.950 billion in March 2024. This substantial change indicates a challenging financial landscape for the country. The updated data on the Treasury cash balance was released on 8th May 2024, shedding light on Turkey's current economic situation. The significant drop in the cash balance raises concerns about the country's financial stability and prompts a closer look at its fiscal policies moving forward.The material has been provided by InstaForex Company - www.instaforex.com

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  • US Distillates Stocks Show Increase: EIA Report Reveals

    May 8, 2024 | 12:30 pm

    The latest data from the U.S. Energy Information Administration (EIA) shows that the weekly distillates stocks have increased, according to the report released on 8 May 2024. The previous indicator had recorded a decrease of -0.732 million barrels, while the most recent figure reflects a rise of 0.560 million barrels. This uptick in distillate stocks could have implications for the energy markets, as investors and analysts monitor supply levels to gauge future price movements. The EIA report provides crucial insights into the state of energy reserves in the United States, offering valuable information for decision-makers in the industry and beyond.The material has been provided by InstaForex Company - www.instaforex.com

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  • Gasoline Inventories in the United States Increase by 165% according to Latest Data

    May 8, 2024 | 12:30 pm

    The latest data on gasoline inventories in the United States has been released, showing a significant increase. The previous indicator, which stood at 0.344 million barrels, has now increased to 0.915 million barrels, marking a substantial 165% rise. This data, updated on 08 May 2024, indicates a notable buildup in gasoline supplies within the country.The surge in gasoline inventories can have various implications for the economy and energy markets. A notable increase in supply could potentially lead to lower gasoline prices for consumers in the near future. However, it may also reflect subdued demand or oversupply conditions in the market. Analysts will be closely monitoring how this uptick in inventories influences gasoline prices and market dynamics in the coming weeks.The material has been provided by InstaForex Company - www.instaforex.com

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  • EIA Refinery Crude Runs Show Positive Growth in the United States from Previous Week

    May 8, 2024 | 12:30 pm

    The Energy Information Administration (EIA) has released data showing a positive growth trend in refinery crude runs in the United States for the week-over-week period ending on 08 May 2024. The latest indicator has surged to 0.307 million barrels, marking a notable increase from the previous week's figure of -0.230 million barrels.The Week-over-Week comparison reveals a promising uptick in refinery activities, indicating potential advancements in the country's oil industry. This positive development could signal increased production and supply levels, which may have implications for fuel prices and overall economic activity. Investors and analysts will be closely monitoring these trends to assess their impact on the energy sector and broader market dynamics moving forward.The material has been provided by InstaForex Company - www.instaforex.com

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  • US Crude Oil Imports Decrease by 0.353M Barrels Amid Market Fluctuations

    May 8, 2024 | 12:30 pm

    In the latest economic update, the United States experienced a decrease in crude oil imports, with the current indicator standing at -0.353 million barrels. This drop comes in contrast to the previous indicator, which was recorded at 1.536 million barrels. The fluctuation in import levels suggests ongoing dynamics in the global oil market, influencing trade patterns and investment decisions. The data was last updated on May 8, 2024, highlighting the continuous monitoring of key economic indicators to navigate the ever-changing landscape of international trade and energy markets.The material has been provided by InstaForex Company - www.instaforex.com

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  • Citi Announces Strategic Investment In Cicada

    May 8, 2024 | 12:26 pm

    Citi's Markets Strategic Investments division has strategically invested in Cicada Technologies Inc., acquiring a minority stake. Cicada is a fintech firm headquartered in Greenwich, Connecticut and has a footprint in Mexico. Citi has thus joined other investors like Kaszek Ventures, Dila Capital, and BCP Securities.In 2022, Cicada initiated an all-encompassing electronic alternative trading system. This system is specially designed to aid global institutional buy-side and sell-side market players in trading Mexican Government fixed-income securities among themselves, eliminating the necessity for a prior trading connection.Jose Luis Yepez, the Head of Local Markets Rates Trading at Citi, made a statement underscoring the importance of this move. He expressed that as a leading liquidity provider in the Mexican Government bond market, their participation in Cicada's platform demonstrates their aspiration to be pioneers in the realm of electronic trading.Furthermore, Citi confirmed that it would also serve as a liquidity provider for this trading platform.The material has been provided by InstaForex Company - www.instaforex.com

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  • U.S. Mortgage Applications Rebound By 2.6% In Week Ended 5/3

    May 8, 2024 | 12:21 pm

    Mortgage applications in the United States experienced a significant rise in the week ending on May 3rd, as reported by the Mortgage Bankers Association (MBA) on the following Wednesday. The MBA notes that the Market Composite Index, an indicator of mortgage loan application volume, saw a jump of 2.6 percent after a decline of 2.3 percent the week before.MBA's Senior Vice President and Chief Economist, Mike Fratantoni, further elaborated on these figures, explaining that "Mortgage applications increased for the first time in three weeks, with refinances rising by 5 percent." However, he also highlighted that "even with this rise, which included a 29 percent surge in VA refinances, refinance volume remains about 6 percent lower than last year's already low figures."According to the Association's report, the Refinance Index increased by 5 percent from the previous week, but still sat 6 percent lower than the same week from a year ago. Meanwhile, the Purchase Index also saw a 2 percent rise compared with the week prior, albeit being 17 percent lower than the same time period a year ago.The material has been provided by InstaForex Company - www.instaforex.com

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  • CleanSpark Appoints Scott Garrison As COO And Taylor Monnig As CTO

    May 8, 2024 | 12:18 pm

    CleanSpark, Inc., a Bitcoin Miner, has announced appointments for Scott Garrison and Taylor Monnig as the Chief Operating Officer (COO) and Chief Technology Officer (CTO) respectively, elevating them both to executive level positions.Scott Garrison, former Senior VP of Growth, has played a pivotal role in the significant growth of CleanSpark, overseeing the development and establishment of the company's data centers. Prior to joining CleanSpark in October 2020, Garrison devoted the last 30 years of his career to leading cross-functional teams. He founded The Integration Center and Linq360 in Las Vegas, collaborating and consulting with prestigious companies like HP, Verizon, Microsoft, and Samsung.On the other hand, Taylor Monnig, formerly Senior VP of Mining Technology, has made significant contributions in developing the processes and guiding the teams that ensure CleanSpark's top-of-the-line uptime and miner performance. Monnig has also been at the helm of successful campaigns aimed at enhancing fleet efficiency through software and hardware upgrades. Before his stint at CleanSpark, Monnig co-founded TMGCore and worked as the COO where he focused on developing and launching single phase and two-phase cooling technologies for high performing computing and bitcoin mining.The material has been provided by InstaForex Company - www.instaforex.com

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  • Atlanta Braves Holdings Q1 Loss Narrows

    May 8, 2024 | 12:09 pm

    On Wednesday, Atlanta Braves Holdings, Inc. (identifiable by the stock symbols BATRA and BATRK) reported a reduced net loss for its first quarter, reflecting a 20 percent rise in revenues compared to last year.The reported earnings for this quarter were $51.27 million, equivalent to $0.83 per share. This is a promising improvement from last year, where the net loss amounted to $57.98 million, or $0.94 per share.First-quarter revenues have also seen a significant increase, reaching $37.08 million from last year's $30.97 million achieved in the same quarter.The material has been provided by InstaForex Company - www.instaforex.com

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  • US Wholesale Inventories Decline in March 2024

    May 8, 2024 | 12:00 pm

    In a recent report released on May 8, 2024, the United States saw a decline in wholesale inventories for the month of March 2024. The previous indicator had shown a 0.5% increase, but the current indicator reversed the trend with a decrease of -0.4% month-over-month.Wholesale inventories are a key economic indicator as they reflect the level of unsold goods held by wholesalers. The decline in inventories could indicate either weaker demand or efficient inventory management by businesses. This data is crucial for economists and policymakers to assess the health of the economy and make informed decisions regarding future economic policies.The month-over-month comparison provides valuable insights into the changing trends in the wholesale sector, offering a glimpse into the dynamics of supply and demand. As the global economy continues to navigate various challenges, monitoring indicators like wholesale inventories can offer valuable clues about the state of the economy and potential future trends.The material has been provided by InstaForex Company - www.instaforex.com

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  • U.S. Wholesale Trade Sales drop by 1.3% in March 2024

    May 8, 2024 | 12:00 pm

    According to the latest data released on May 8, 2024, U.S. Wholesale Trade Sales experienced a decline of 1.3% in March 2024 compared to the previous month. This marks a significant downturn from the 2.0% growth reported in February 2024. The Month-over-Month comparison indicates a reversal in the positive trend seen earlier in the year. The decrease in Wholesale Trade Sales could have implications for the broader economy, as it may reflect weaker demand or changes in inventory levels across various sectors. Analysts will be closely monitoring future data releases to assess the impact of this shift on the U.S. economic outlook.The material has been provided by InstaForex Company - www.instaforex.com

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  • Icahn Enterprises L.P. Posts Narrower Loss In Q1

    May 8, 2024 | 11:56 am

    Icahn Enterprises L.P. (IEP) reported a net loss of $38 million, which equates to a $0.09 loss per depositary unit for the first quarter of 2024. When compared to the same period in the previous year, this is an improvement from the net loss of $270 million, or $0.75 loss per each depositary unit.In terms of revenues, for the quarter ending on March 31, 2024, Icahn Enterprises L.P. garnered $2.5 billion. This reflects a decline compared to revenues of $2.7 billion in the corresponding quarter of the previous year.Furthermore, on May 6, 2024, Icahn Enterprises' Board of Directors authorized a quarterly distribution of $1.00 per each depositary unit. This distribution is scheduled to be paid around June 25, 2024, to depositary unit holders registered at the close of business on May 20, 2024.The material has been provided by InstaForex Company - www.instaforex.com

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  • Southwest Gas Holdings, Inc. Q1 Income Advances

    May 8, 2024 | 11:55 am

    Southwest Gas Holdings, Inc. (SWX) recently announced increased profits for its first quarter, compared to the same period last year. The firm's net income reached a total of $87.737 million, equating to $1.22 per share. This is in contrast to the $45.911 million, or $0.67 per share, reported in the first quarter of the previous year.When excluding other variables, the adjusted profits for Southwest Gas Holdings, Inc. were reported as $98.461 million or $1.37 per share for this same period. Despite this increase in profit, the company's quarterly revenue saw a minor decline of 1.4%, falling from $1.603 billion last year to $1.580 billion.To summarize the firm's earnings based on the Generally Accepted Accounting Principles (GAAP):- First Quarter Earnings: $87.737 million, compared to $45.911 million last year.- Earnings per Share (EPS) for the first quarter: $1.22, versus $0.67 from last year.- Revenue for the first quarter: $1.580 billion, compared to $1.603 billion from the previous year.The material has been provided by InstaForex Company - www.instaforex.com

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  • Uber Technologies Drops 9% In Pre-market On Wider Loss, Missing The Street

    May 8, 2024 | 11:54 am

    Uber Technologies, Inc.'s (UBER) stock experienced a more than 9% drop in pre-market trading on Wednesday, declining to $63.71. This followed reports of a wider loss in the first quarter than what was expected by analysts.The company suffered a first quarter net loss of $654 million, translating to $0.32 per share. This figure is considerably larger than the $157 million, or $0.08 per share loss reported in the same quarter of the previous year. This unfavorable outcome is predominantly due to a considerable $721 million loss on debt and equity securities.Contrarily, a group of 31 analysts surveyed by Thomson Reuters had projected that the company would report earnings of $0.23 per share for the quarter.However, Uber saw a year on year 15% growth in its quarterly revenue to $10.1 billion, narrowly missing the consensus estimate of $10.11 billion.On Tuesday, Uber shares closed at $70.43, marking a 1.51% drop. Over the past year, Uber's shares have traded within a range of $37.07 - $82.14.The material has been provided by InstaForex Company - www.instaforex.com

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  • Geopolitics: WH says talks on possible Gaza hostage deal are ongoing

    May 8, 2024 | 08:05 am

    The White House says that talks on possible Gaza hostage deals are ongoing, and adds that the gap that remains between two sides could be closed. Hope continues.... But Israel needs to see hostages released (they also are intent of eradicating Hamas as an organization). . This article was written by Greg Michalowski at www.forexlive.com.

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  • Goldman Sachs revises GBP/USD forecasts lower ahead of BoE meeting

    May 8, 2024 | 07:58 am

    Goldman Sachs has revised its forecasts for GBP/USD downwards, indicating a less optimistic outlook for Sterling in the context of Thursday's Bank of England meeting and recent market trends.Key Points:Bearish Sentiment: Recent remarks from Deputy Governor Ramsden suggesting that inflation risks are tilted to the downside have contributed to a more bearish sentiment among clients.Revised Forecasts: Goldman now expects GBP/USD to be at 1.24 in the short (3 months) and medium term (6 months), adjusting downwards from previous forecasts. The 12-month forecast has also been adjusted to 1.28 from 1.35.Pro-Cyclical Backdrop: Changes in hawkish policy repricing in markets have made the pro-cyclical backdrop less supportive for GBP, placing Sterling in a challenging position.Conclusion:Goldman Sachs’ updated forecasts reflect a cautious stance on GBP/USD, driven by evolving risks to inflation and recent shifts in market dynamicsFor 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.

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  • US Dollar trades in the green while equities look for direction

    May 8, 2024 | 07:47 am

    The US Dollar (USD) is able to snap the repetitive pattern for this week and looks to be keeping its gains on Wednesday, picking up momentum against most Asian peers. Leading the decline in Asian pairs is the Japanese Yen (USD/JPY) which is breaking

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  • Oil erases intraday loss after draw down in Crude inventories

    May 8, 2024 | 07:41 am

    Oil prices are heading back to $78 after a steep decline earlier with West Texas Intermediate (WTI) US crude prices nearly reaching their lowest levels in almost two months. Markets did not respond well to the headline that Iran plans to add between

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  • GBP/USD Price Analysis: Downtrend remains, despite bouncing off the daily low

    May 8, 2024 | 07:39 am

    In early trading on Wednesday, the Pound Sterling resumed its downtrend against the US Dollar, as the Greenback remained the strongest currency against other peers.

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  • NZD/USD Price Analysis: Struggles to counter 0.6000

    May 8, 2024 | 07:34 am

    The NZD/USD pair faces pressure above the psychological figure of 0.6000 in Wednesday’s New York session.

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  • Turkey Treasury Cash Balance down to -236.98B in April from previous -166.78B

    May 8, 2024 | 07:32 am

    Turkey Treasury Cash Balance down to -236.98B in April from previous -166.78B

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  • Weekly Crude oil inventory show a -1.362M drawdown vs -1.066 M estimate

    May 8, 2024 | 07:31 am

    Crude oil showed a large and expected drawdown of 1.362M vs expectations of -1.066MGasoline showed a unexpected build of 0.915M vs expected -1.255M drawdownDistilates showed a build up 0.560M vs an expected drawdown of -1.098MCushing showed a build of 1.880M vs last week's build of 1.089MFor your guide, the private data released after the close yesterday showed:The price of crude oil is trading down -$0.26 at $78.09. The low price today reached $76.92, while the high price was at $78.36. Crude oils 100 day moving average is currently at $78.21. The price today has spent most of the day below that moving average level. The 50% midpoint of the move up from the December low is also in play at $77.67. The current price is between the 50% midpoint and the 100-day MA. This article was written by Greg Michalowski at www.forexlive.com.

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  • United States EIA Crude Oil Stocks Change came in at -1.362M, above expectations (-1.43M) in May 3

    May 8, 2024 | 07:30 am

    United States EIA Crude Oil Stocks Change came in at -1.362M, above expectations (-1.43M) in May 3

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  • EUR/USD remains subdued as US Dollar recovers Fed-induced losses

    May 8, 2024 | 07:06 am

    EUR/USD is slightly down to 1.0740 in Wednesday’s early American session.

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  • United States Wholesale Inventories in line with expectations (-0.4%) in March

    May 8, 2024 | 07:00 am

    United States Wholesale Inventories in line with expectations (-0.4%) in March

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  • US March wholesale inventories (revised) -0.4% versus -0.4% preliminary

    May 8, 2024 | 07:00 am

    Prior month +0.4%wholesale human toys for March comes in at -0.4%, unchanged from the preliminary release. Last month the inventories rose +0.4%.Wholesale sales -1.3% after a 2.0 percent gain last month (revised from 2.3%). Weakest since January when it was down -1.8%Sales came in at $662.8BWholesale sales were up 1.4% compared to March 2023The March inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.35. The March 2023 ratio was 1.40. This article was written by Greg Michalowski at www.forexlive.com.

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  • Pound Sterling slumps amid uncertainty ahead of BoE’s policy decision

    May 8, 2024 | 06:55 am

    The Pound Sterling (GBP) slips below the psychological support of 1.2500 against the US Dollar (USD) in Wednesday’s early New York session.

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  • Not a great start for US stocks. Uber and Tesla got the market off to a negative start.

    May 8, 2024 | 06:50 am

    The major US stock indices are off to a negative start. Shares of Uber and Tesla are weighing after Uber disappointed on earnings and Tesla is being investigated by the Justice department for wire fraud due (for self driving capabilities). The snapshot of the market currently shows:Dow Industrial Average 5-3.79 points or -0.01% at 38880.48S&P index minus 11.62 points or -0.22% at 5176.09.NASDAQ index is down -76.23 points or -0.47% at 16256.32.Looking at some stocks:Shares of Uber are currently trading down -5.05% at $66.82 after earnings disappointedTesla shares are down $-4.29 or -2.37% at $173.50Shopify is also lower trading sharply lower as company says sales pace is expected to slow in the current quarter. Shares are down $14.56 or -19.0% at $62.44. This article was written by Greg Michalowski at www.forexlive.com.

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  • AUD/USD tumbles to 0.6560 on US Dollar’s recovery, RBA’s less-hawkish policy stance

    May 8, 2024 | 06:48 am

    The AUD/USD pair witnesses an intense sell-off and falls to 0.6560 in Wednesday’s early American session due to multiple headwinds.

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  • ECB's Holzmann: No reason to cut key interest rates too quickly and too strongly

    May 8, 2024 | 06:42 am

    European Central Bank (ECB) policymaker Robert Holzmann said on Wednesday that he doesn't see a reason to cut key interest rates "too quickly or too strongly," per Reuters.

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  • Equities report: Equities move higher

    May 8, 2024 | 06:33 am

    US stock markets seem to have decided on a direction since last week and appear to be moving higher.

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  • US Justice Dept is examining if Tesla permitted wire and securities fraud in self driving

    May 8, 2024 | 05:50 am

    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 claims?.Shares of Tesla currently trade down $6.67 or -3.76% at $171.12.Looking at the daily chart of Tesla, the high price that we saw last week start right at it 100 day moving average. Sellers leaned against that key technical target. The move lower in premarket trading has the price testing the gap from Friday, April 26 to Monday, April 29. The high praise on April 26 reached 172.12. The price is currently below that $171.12.US major indices are also under pressure with the NASDAQ futures now down -103 points. The S&P index is down -21.45 points, in the Dow Industrial Average average futures are in point at the point of -69.26 points This article was written by Greg Michalowski at www.forexlive.com.

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  • US indices are heading towards highs

    May 8, 2024 | 05:20 am

    US indices have been gaining daily since the beginning of May.

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  • Brazil Retail Sales (MoM) came in at 0%, above expectations (-0.1%) in March

    May 8, 2024 | 05:00 am

    Brazil Retail Sales (MoM) came in at 0%, above expectations (-0.1%) in March

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  • ForexLive European FX news wrap: Dollar holds steadier as yields look to bounce

    May 8, 2024 | 04:44 am

    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 March industrial production -0.4% vs -0.6% m/m expectedUS MBA mortgage applications w.e. 3 May +2.6% vs -2.3% priorUS reportedly looks to curb China's access to AI softwareMorgan Stanley pushes back Fed rate cut forecast to SeptemberMarkets:USD leads, AUD and JPY lag on the dayEuropean equities mixed; S&P 500 futures down 0.2%US 10-year yields up 3.1 bps to 4.491%Gold up 0.1% to $2,316.08WTI crude down 1.2% to $77.43Bitcoin down 1.1% to $62,275It was a relatively quiet session as there isn't much on the agenda in trading today.The dollar held steadier and is a touch higher on the day, helped out by a push above 155.00 in USD/JPY. The pair is slowly nudging higher as dip buyers keep up their conviction this week, with price up 0.5% to 155.45 currently. The 200-hour moving average at 155.50 is currently limiting gains ahead of US trading.Besides that, the dollar is keeping a little firmer against the likes of the euro and pound. Meanwhile, AUD/USD is down 0.5% as well to 0.6563 as sellers contest a break below the 100-day moving average of 0.6577. The 200-hour moving average is also coming into play now at around 0.6560 on the day. Fall below that and the near-term bias switches to being more bearish instead.In the equities space, US futures are taking a bit of a breather after the recent rebound. After the more tepid showing yesterday, S&P 500 futures are currently down 0.2%. In Europe though, stocks are still holding on to light gains with the UK FTSE keeping its push to fresh record highs today.The greenback's firmness today also owes to a slight bounce in bond yields as well on the session. 10-year Treasury yields are up roughly 3 bps as traders are still mulling over the recent economic developments since last week. This article was written by Justin Low at www.forexlive.com.

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  • Is a reversal coming to S&P 500? [Video]

    May 8, 2024 | 04:16 am

    Watch the free-preview video below extracted from the WLGC session before the market open on 7 May 2024 to find out the following: How to identify potential market reversals and judge the “bearishness” The pivot level day trader could adopt to trigger an entry The short-term, medium-term and long-term direction for S&P 500 Analyze the market momentum using the previous analogue And a lot more… Market environment The bullish vs.

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  • Gold Price Forecast: XAU/USD strives for direction as uncertainty over Fed rate cuts deepen

    May 8, 2024 | 04:13 am

    Gold price (XAU/USD) struggles for a direction in Wednesday’s London session.

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  • US MBA mortgage applications w.e. 3 May +2.6% vs -2.3% prior

    May 8, 2024 | 04:00 am

    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 the week. It comes as the average rate of the most popular US home loan eases off its highest levels since November in the week before. This article was written by Justin Low at www.forexlive.com.

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  • United States MBA Mortgage Applications increased to 2.6% in May 3 from previous -2.3%

    May 8, 2024 | 04:00 am

    United States MBA Mortgage Applications increased to 2.6% in May 3 from previous -2.3%

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  • USD/CAD Price Analysis: Extends upside to 1.3750 as US Dollar recovers

    May 8, 2024 | 03:41 am

    The USD/CAD pair advances to the crucial resistance of 1.3750 in Wednesday’s European session.

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  • Pound Sterling turns fragile ahead of BoE policy announcements

    May 8, 2024 | 03:16 am

    GBP/USD came under heavy bearish pressure and lost nearly 0.5% on Tuesday.

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  • US reportedly looks to curb China's access to AI software

    May 8, 2024 | 03:12 am

    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 ChatGPT, according to the sources.It is said that there will also be a regulatory push in order to restrict the export of proprietary or closed source AI models.This is largely believed to be an effort to try and slow down China's development of cutting edge technology for military purposes.Well, I reckon the advancements in the AI space will be much faster than what regulators can keep up with. And that's the real challenge. But we'll see. The idea here is from the Commerce Department, which wants to oversee control of the technology so to speak.If there are restrictions in place such as these, any developer will then have to report its AI model, plans, and test results to the Commerce Department. That's not going to fly with new age developers, who might prefer to develop their systems elsewhere. This article was written by Justin Low at www.forexlive.com.

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  • BoJ's Ueda: Rapid, one-sided Yen falls are negative for economy

    May 8, 2024 | 02:37 am

    Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday that rapid, one-sided falls in the Japanese Yen are undesirable and negative for the Japanese economy, per Reuters.

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  • Silver price today: Silver falls, according to FXStreet data

    May 8, 2024 | 02:31 am

    Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.

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  • DAX remains in an impulsive bullish cycle as anticipated

    May 8, 2024 | 02:27 am

    We have been talking a lot about bullish DAX in the past year or so, where we are tracking a five-wave bullish cycle of different degrees.

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  • The TJX Companies Inc.(TJX) Elliott Wave technical analysis [Video]

    May 8, 2024 | 01:26 am

    TJX Elliott Wave Analysis Trading Lounge Daily Chart, The TJX Companies Inc., (TJX) Daily Chart TJX Elliott Wave technical analysis Function: Trend.

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  • Dollar starts to push back after last week's fall

    May 8, 2024 | 01:18 am

    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 the linked post, the dollar was pushed towards some key technical boundaries in a bend but don't break moment on Friday. And the fact it did not break down is what is helping to see a bounce so far on the week, amid a more push and pull mood.In the case of EUR/USD, the pair ran up to test 1.0800 and its 200-day moving average on Friday. However, those levels held and now the pair is eyeing back-to-back daily declines for the first time since mid-April.Meanwhile, AUD/USD tried to contest the key resistance region around 0.6634-50 going into the RBA this week. But amid a lack of impetus from the central bank, sellers held their ground and we're now seeing a change in the near-term fortunes as well.As for GBP/USD, the pair is down 0.3% to near 1.2470 currently:The jump higher on Friday and on Monday looks to be held back by the 50.0 Fib retracement level at 1.2596. And with price falling back below the 200-day moving average (blue line), sellers are back in control. Even more so now with a drop under 1.2500 and below both its 100 and 200-hour moving averages on the week.There is some minor support next around 1.2550-65 but failing to hold which, will invite a potential look at the 1.2300 mark again.That being said, we musn't get too carried away on the week just yet. Amid a lack of drivers for traders to work with, there might not be moves that stretch out too far. The big consideration for any trending moves now will be having to deal with more US data next week.We will have the PPI numbers on Tuesday, then the CPI and retail sales numbers on Wednesday. Those will be the big ones to watch and will serve to vindicate/invalidate any of the moves we're seeing this week. This article was written by Justin Low at www.forexlive.com.

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  • India Gold price today: Gold falls, according to MCX data

    May 8, 2024 | 01:10 am

    Gold prices fell in India on Wednesday, according to data from India's Multi Commodity Exchange (MCX).

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  • EUR/USD eyes second daily drop as dollar regains some composure

    May 8, 2024 | 01:03 am

    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 to 1.0730 levels. This sets up a potential back-to-back daily drop for the pair for the first time in three weeks:The nudge lower today also owes to the dollar regaining some composure after last week's fall. The greenback is sitting higher in trading today, starting to stretch its muscles a bit now. Looking to the near-term chart:The pair has also dropped below its 100-hour moving average (red line) in trading today. That sees the near-term bias now shift to being more neutral. It is a similar case for AUD/USD as outlined here. And that suggests that the dollar is finding some support this week from a broader perspective.The 200-hour moving average (blue line) at 1.0726 currently will be one to watch for EUR/USD as such. Hold that and buyers are still in with a shout towards the end of the week. Break below and sellers will regain near-term control. This article was written by Justin Low at www.forexlive.com.

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  • Italy Retail Sales s.a. (MoM) below forecasts (0.2%) in March: Actual (0%)

    May 8, 2024 | 01:01 am

    Italy Retail Sales s.a. (MoM) below forecasts (0.2%) in March: Actual (0%)

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  • Italy Retail Sales n.s.a (YoY) fell from previous 2.4% to 2% in March

    May 8, 2024 | 01:01 am

    Italy Retail Sales n.s.a (YoY) fell from previous 2.4% to 2% in March

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  • AUD/JPY hovers around 102.00 amid less hawkish RBA

    May 8, 2024 | 00:54 am

    AUD/JPY hovers around 102.00 during the European session on Wednesday.

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  • FX option expiries for May 8 NY cut

    May 8, 2024 | 00:36 am

    FX option expiries for May 8 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0640 488m 1.0680 440m 1.0750 946m 1.0775 464m 1.0825 1.1b 1.0900 546m - GBP/USD: GBP amounts 1.2500 460m 1.2750 409m - EUR/GBP: EUR amounts 0.8400 450m 0.8580 449m - USD/JPY: USD amounts 153.75 835m 154.50 490m 155.60 583m - AUD/USD: AUD amounts 0.6500 643m 0.6600 980m - USD/CAD: USD amounts 1.3450 1b 1.3750 400m 1.3760 350m .

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  • Sweden Riksbank Interest Rate Decision in line with forecasts (3.75%)

    May 8, 2024 | 00:30 am

    Sweden Riksbank Interest Rate Decision in line with forecasts (3.75%)

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  • USD/JPY surges to near 155.50 as Fed expects to prolong policy rates

    May 8, 2024 | 00:21 am

    USD/JPY trades around 155.30 during the early European session on Wednesday, marking a third consecutive day of gains.

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  • European equities lightly changed as the session gets underway

    May 8, 2024 | 00:04 am

    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. US futures are also not showing much signs of life, keeping flat for the time being. But in Europe, the UK FTSE continues to nudge higher as it climbs to a fresh record high after breaking 8,300 yesterday. This article was written by Justin Low at www.forexlive.com.

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  • AUD/USD gets a check back after the RBA yesterday

    May 7, 2024 | 23:49 pm

    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 months ahead. The aussie fell but not too much with AUD/USD holding just under 0.6600 for now. But that is still inviting a test of the 100-day moving average (red line) today:The key technical level is seen at 0.6577 and will be one to watch as we look to the second half of the week. Keep above that and buyers will still hold some semblance of upside momentum. But break below and sellers will feel like they can try and search for a renewed downside leg.Looking at the near-term chart though:The price action is looking a bit more neutral currently. The pair broke below its 100-hour moving average (red line), so the near-term bias neither favours buyers or sellers now. There needs to be a break back above that or below the 200-hour moving average (blue line) to affirm a near-term bias next.So, these levels will also be a factor alongside the 100-day moving average highlighted above.As for the fundamental side of the equation, there won't be much to work with for the remainder of this week. If anything else, the risk mood might be the one dictating the state of play. Otherwise, with yields also chopping around, the dollar might be in for more of a push and pull in the sessions ahead. This article was written by Justin Low at www.forexlive.com.

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  • Forex Today: Hawkish Kashkari Boosts Greenback - 08 May 2024

    May 7, 2024 | 23:37 pm

    US Dollar Rises on Kashkari Comments on Rates; Global Stocks Lower; BoJ’s Ueda More Aggressive in Rate Comment

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  • Eurostoxx futures -0.1% in early European trading

    May 7, 2024 | 23:04 pm

    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 work with so far today. This article was written by Justin Low at www.forexlive.com.

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  • Germany March industrial production -0.4% vs -0.6% m/m expected

    May 7, 2024 | 23:00 pm

    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 by 1.0% compared to February. This article was written by Justin Low at www.forexlive.com.

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  • Not much on the agenda in European trading today

    May 7, 2024 | 22:05 pm

    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 up just above 155.00 while AUD/USD is starting to ease lower, down 0.3% to 0.6570 levels.From a technical perspective, AUD/USD is losing some of its recent upside momentum. Price is now contesting its 100-day moving average at 0.6577 with a drop below its 100-hour moving average of 0.6592 earlier in the day. The latter suggests that the near-term bias is now more neutral, with the 200-hour moving average seen at 0.6558.In other markets, equities are looking fairly muted on the day. US futures are little changed and that is seeing the overall mood keep more tepid for now.Looking to the session ahead, it will be a rather light one on the data docket. And that includes for US trading today as well. As such, traders will be left to their own devices once again. It's all about the big picture now, with markets eyeing the US CPI data next week as the next key risk event.0600 GMT - Germany March industrial production1100 GMT - US MBA mortgage applications w.e. 3 MayThat's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there. This article was written by Justin Low at www.forexlive.com.

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  • Morgan Stanley pushes back Fed rate cut forecast to September

    May 7, 2024 | 21:34 pm

    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 first step". This fits with what traders are looking at as well, with the odds of a September rate cut seen at ~82% currently. The total rate cuts priced in for the year is at ~44 bps, not much changed from after the US jobs report last week. This article was written by Justin Low at www.forexlive.com.

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  • Japan finance minister reaffirms that rapid FX moves are undesirable

    May 7, 2024 | 21:06 pm

    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 a modest recovery this week, rebounding off the low of 152.00 from Friday. But it is reasonable for one to expect Japanese officials to still draw the line on any outsized moves at this stage. The hard line though remains at 160.00, at least for now. This article was written by Justin Low at www.forexlive.com.

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  • USD/JPY hurdles around 155 and mid-158 areas

    May 7, 2024 | 20:25 pm

    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 is still expected to regain an upwards trend, but it may face interim hurdles now in the 155.00 area and the mid 158’s.And on the AUD:With AUD stalling into 0.6650 range highs 3 days in a row and the RBA not quite living up to more hawkish expectations the immediate case for AUD upside right here is not compelling. AUD setbacks likely extend no further than 0.6550 for now. AUD/USD can still bank on a more supportive yield spread floor, with the RBA nevertheless adopting a more hawkish and determined posture, while Powell appears to have an asymmetric easing bias, declining to entertain rate hikes last week and repeatedly emphasising the need for more time, meaningfully narrowing the distribution of risks for US rates. This article was written by Eamonn Sheridan at www.forexlive.com.

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  • ForexLive Asia-Pacific FX news wrap: USD/JPY back above 155.00

    May 7, 2024 | 19:56 pm

    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: Doesn't see yen moves as having a big impact on trend inflation so farPBOC sets USD/ CNY mid-point today at 7.1016 (vs. estimate at 7.2202)Yen falls deeper in the hole. FinMin Suzuki keeps on digging: "No comment on intervention"Goldman Sachs have downshifted their GBP forecastsPBOC is expected to set the USD/CNY reference rate at 7.2202 – Reuters estimateBank of Japan Governor Ueda says monetary policy does not seek to control forex ratesJapan finance minister Suzuki says he is watching FX movement with a sense of urgencyOil price dip & the US is back on the bid to buy oil for Strategic Petroleum Reserve (SPR)Former Dallas Fed President Kaplan is back! Gets the Goldman Sachs Vice Chairman gig.The RBA May meeting left the cash rate on hold: What'll make the bank raise rates furtherRBA response from Commonwealth Bank of Australia - Interest rate cut coming in NovemberRBA on hold in May - next move will be a rate cutAustralian Tax Office targeting unreported crypto profits: 1.2m accounts investigationICYMI - Druckenmiller cut his stake in Nvidia, says "AI might be a little overhyped now"Forexlive Americas FX news wrap 7 May: The USD is the strongest of the major currencies.Oil - private survey of inventory shows a headline crude oil build vs. draw expectedStandard Chartered US$200K BTC forecast - says Bitcoin will surge if Trump wins electionA mixed close for US stock indices todayICYMI - Morgan Stanley expect three Fed rate cuts this year! Starting in September.Trade ideas thread - Wednesday, 8 May, insightful charts, technical analysis, ideas We had plenty of comments crossing the news wires from both Japan’s finance minister Suzuki and Bank of Japan Governor Ueda during the Tokyo morning but neither of them managed to give much support to the yen. The counter factual is that JPY would have fallen faster without them, but here in the real world the currency slid again regardless. USD/JPY rose to highs above 155.20.Ueda did say the BOJ won't necessarily wait until inflation achieves their forecasts in 1.5 to 2 years to raise interest rates. This didn't (yet), but likely should, raise a few concerns amongst yen shorts. The yen wasn’t alone in dropping against the US dollar, though. EUR, GBP, AUD, NZD and the hapless CAD are all lower against the big dollar. There was no fresh news as a catalyst, nor data (the data agenda was blank today), so just a continuation of the strength the dollar showed on Tuesday. Bank of Japan Governor Ueda is scheduled to speak again today, at 0830 GMT. USD/JPY update: This article was written by Eamonn Sheridan at www.forexlive.com.

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  • Yen is a big loser against the USD in Asian trade today, but its not the only one

    May 7, 2024 | 19:14 pm

    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: "No comment on intervention"Bank of Japan Governor Ueda says monetary policy does not seek to control forex ratesJapan finance minister Suzuki says he is watching FX movement with a sense of urgencyBut, the US dollar strength is spread more widely. CAD a notable loser again, while EUR, GBP, AUD, NZD and CHF are also offered lower. Gold is under 2310. Apart from what has already been posted there is no fresh news, there is little to point to here in Asia as a smoking gun supporting the dollar. Its contuiing on its overnight move. USD/JPY update, 'cause its everyone's favourite right now: This article was written by Eamonn Sheridan at www.forexlive.com.

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  • AUD slides following dovish RBA commentary

    May 7, 2024 | 17:00 pm

    AUD - Australian dollar The Australian dollar underwhelmed through trade on Tuesday, tracking lower against the USD amid a correction in domestic yields following a somewhat dovish RBA policy update. As anticipated the RBA left rates unchanged at 4.35%, however surprised markets by adopting a less than hawkish tone. Following stronger than anticipated Q1 inflation data markets had expected policy makers may adopt a bias toward one final rate hike. Instead, Governor Bullock noted that the board believes rates are at “the right level”. While she acknowledged a discussion over lifting rates was conducted the board decided the current policy platform was restrictive enough. Q2 inflation data will prove key in shaping near-term direction and rate expectations. Having traded near US$0.6630 leading into the policy announcement the AUD slipped back below US$0.66 and bought US$0.6598 on opening this morning. With little of note on the macro docket today our attentions remain with broader risk trends for direction through trade on Wednesday. Key Movers The US dollar outperformed through trade on Tuesday recovering losses suffered in the wake of the Federal Open Market Committee policy update and softer than anticipated Non-farm payroll print. The DXY dollar index jumped 0.4% on the day led by gains against the yen. Having forced the USD back below ¥152 on Friday last week the yen has been unable to maintain any momentum and now trades just below ¥155 at ¥154.70. After two rounds of Ministry of Finance intervention last week markets are now questioning whether officials can maintain yen support. With gains driven by a backdrop of higher yields and divergent central bank policies, the yen is fundamentally weak, yet markets remain jittery given the prospect of intervention and we are closely monitoring any outsized moves. With the GBP underperforming and the euro trading flat, our attention now turns to Thursday’s Bank of England policy update. We expect rates will be left on hold at 5.25% and are instead keenly focused on the commentary surrounding the meeting for any clues as to the timing and trajectory of future rate movements. Expected RangesAUD/USD: 0.6550 - 0.6650 ▼AUD/EUR: 0.6050 - 0.6180 ▼GBP/AUD: 1.8800 - 1.9100 ▼AUD/NZD: 1.0950 - 1.1050 ▼AUD/CAD: 0.9000 - 0.9100 ▼

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  • Oil price dip & the US is back on the bid to buy oil for Strategic Petroleum Reserve (SPR)

    May 7, 2024 | 16:43 pm

    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 to further replenish Reserve stocks. The DoE says:purchasing oil ... (at) a price around $79 dollars per barrel or below (is) far less than the average of about $95 per barrel DOE received for 2022 emergency SPR sales DOE has already purchased a total of 32.3 million barrels of oil for an average price of $76.98***SPR stockpiles have increased in each of the past six months. In April, though, the Department cancelled planned purchases of 1.5mn barrels each for August and September when prices jumped above the cap. This article was written by Eamonn Sheridan at www.forexlive.com.

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  • Forexlive Americas FX news wrap 7 May: The USD is the strongest of the major currencies.

    May 7, 2024 | 14:16 pm

    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 increases at OPEC+US sells 3-year notes at 4.605% vs 4.608% WIEuropean indices close the day with solid gains. A snapshot of the markets as Europe exitsECBs Nagel: ECB cannot be lenient with structural inflationary forcesMinneapolis Fed Pres. Kashkari: The most likely outlook is the Fed stands put on ratesCanada Ivey PMI for April rises to 63.0 vs 57.5 last monthMinneapolis Fed Pres. Kashkari: housing market is proving more resilient to tighter policyKickstart your FX trading for May 7 w/ a technical look at the EURUSD, USDJPY and GBPUSDAs the North American session begins, the USD is the strongest and the JPY is the weakestLegendary Investor Stanley Druckenmiller cut his stake in NvidiaForexLive European FX news wrap: Aussie dips slightly as RBA keeps policy unchangedThe US session was void of any US data today. The only economic report was the Ivey PMI index out of Canada which came out stronger than expected. Despite the gains, the CAD weakened and was one of the weakest of the major currencies. The USD today, was the strongest of the major currencies, and that came despite rates moving lower on the day. Admittedly, the US rates did come off its low levels and the 2-year is near unchanged, but the benchmark 10 year yields are still down -3 basis points on the day. Today, the US treasury did auction $58 billion of three year notes with a negative tail of -0.3 basis points and a solid bid-to-cover at 2.63X (vs 6-month average of 2.57X). Those results compare favorably to last month when the issue sold with a +2.0 basis point tail with a much lower bid-to-cover of 2.50X. Tomorrow, the 2nd leg of the coupon auction this week will occur at 1 PM with the sale of 10-year notes. On Thursday, the treasry will complete the coupon auctions with the sale of 30-year bonds. The weakest currency for the day was the JPY for the 2nd consecutive day.Fed's Kashkari did release his monthly "essay" and also conducted a Q&A event. Below is a summary of his comments. Federal Reserve official Neel Kashkari commented on the resilience of the housing market to tight monetary policy, suggesting that this resilience might indicate a temporary increase in the neutral rate, which he has modestly adjusted to 2.5% from 2%. Despite progress on inflation in the latter half of 2023, this progress has since stalled, raising questions about the ongoing effectiveness and restrictiveness of current policy measures. The underlying economic demand remains robust, evidenced by recent GDP data affected primarily by changes in inventories and net exports, rather than a slowdown in consumer or business activities. Kashkari noted concerns with a recent soft jobs report and an uptick in new rent rates, which may signal underlying inflation pressures. Although not ruling out further rate hikes if necessary, Kashkari believes the most likely scenario is that the Fed will maintain current rates, with potential cuts contingent on sustained disinflation. He emphasized that the Federal Reserve's decisions will remain data-driven and not influenced by external factors such as elections, committing firmly to the 2% inflation target and expressing a need for patience in monetary policy, suggesting that rates may be held steady longer than the public anticipates.In the US stock market today, the major indices were mixed but little changed. Dow Industrial Average average rose 0.08%S&P index rose 0.13%NASDAQ index fell -0.10%The small-cap Russell 2000 rose by 0.19%.In the US debt market:two year yield 4.830%, +0.8 basis points5-year yield 4.472%, -1.0 basis points10 year yield 4.461%, -2.8 basis points30-year yield 4.602%, -4.0 basis pointsDespite increased geopolitical tensions out of Israel, crude oil is trading at $78.31, down -$0.17 on the day.The price of bitcoin traded within a fairly narrow range of $62,818 and $64,389.Gold fell -$11.87 or -0.51% at $2313.90. This article was written by Greg Michalowski at www.forexlive.com.

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  • Oil - private survey of inventory shows a headline crude oil build vs. draw expected

    May 7, 2024 | 14:09 pm

    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 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.

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  • A mixed close for US stock indices today

    May 7, 2024 | 13:26 pm

    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 points or 0.08% at 38884.27S&P index rose 6.8 points or 0.13% have 5187.71NASDAQ index fell -16.69 points or -0.10% at 16332.56The small-cap Russell 2000 gain 3.97 points for 0.19% at 2064.64.Nvidia shares fell -$15.86 or -1.72% to $905.54 as investors reacted to potential competition from Apple in chip-making. Apple shares edged higher by $0.69 or 0.38% at $182.40Meta Platforms shares rose $2.56 or 0.55% at 468.24Alphabet shares rose $3.15 or 1.87% at $171.25Tesla shares fell $-6.95 or -3.76% at $177.81.After the close:Lyft reported earnings of $0.15 better than the $0.03 estimate. Revenues also beat expectations at $1.28 billion versus expected $1.16 billion. Shares are currently up $0.46 or 2.77% at $17.10.Wynn resorts reported EPS of $1.59 versus $1.27 expected. Revenues also beat $1.86 billion versus $1.79 billion expected. Shares of Wynn are trading up $2.33 or 2.40%.Rivian reported earnings-per-share $-1.24 versus expected $-1.17. Revenues came in and $1.2 billion versus $1.18 billion. Shares are trading down $0.18 or -1.76% This article was written by Greg Michalowski at www.forexlive.com.

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  • Forex Today: RBA Holds Rates, Warns on Recession

    May 6, 2024 | 22:44 pm

    RBA Maintains Cash Rate at 4.35%, Says Cuts Highly Uncertain; Global Stocks Bullish; BoJ Refuses Comment on Intervention

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  • All eyes on RBA as AUD attempts to consolidate a break above US$0.66

    May 6, 2024 | 17:00 pm

    AUD - Australian dollar The Australian dollar edged higher through trade on Monday, consolidating gains won in the wake of last week's softer-than-expected US labour market print. With hopes the Fed will cut rates through the back half of 2024 rekindled, the AUD extended its break above US$0.66, advancing near two-tenths of a per cent to mark intraday highs just short of US$0.6640, before shifting lower and trading sideways around US$0.6620. The AUD has been well supported since last week's FOMC policy update wherein the Fed maintained its easing bias, taking some of the heat out of the treasury market and putting downward pressure on US yields. With the labour market softening and services data pointing to a slowdown in economic activity, expectations the Fed may need to raise rates again have faltered and markets are again looking toward a rate cut before the year is out. With pressure on the USD mounting, there is room for the AUD to extend on gains and our attentions turn to the RBA and its policy update today. We expect policymakers will leave rates on hold, although the hotter-than-expected Q1 inflation print and resilient labour market leave the door open for a hawkish statement. Despite softer activity across the economy, there is still a near-term risk of a hike in the coming months and we are keenly attuned to any commentary that may offer guidance as to future policy moves. Key Movers The USD edged higher through trade on Monday, up 0.1% for the day, recovering losses suffered in the wake of last week's softer-than-expected ISM services and non-farm payroll prints. That said gains have been driven by JPY losses and half a per cent rally in USD/JPY, amid speculation yen gains won last week following two rounds of intervention can be maintained. The gap between US and Japanese rates is unchanged and the cost for the BoJ and Ministry of Finance will become increasingly expensive. Against a positive risk backdrop, the AUD and NZD are up, while the euro pushed above 1.0750 and the GBP consolidated a break back above 1.25. Our attentions turn now to the RBA policy update today ahead of the Bank of England policy meeting on Thursday as key markers guiding direction through a week that is otherwise absent of headline data points. Expected RangesAUD/USD: 0.6520 - 0.6680 ▲AUD/EUR: 0.6080 - 0.06180 ▲GBP/AUD: 1.8800 - 1.9200 ▼AUD/NZD: 1.0980 - 1.1080 ▲AUD/CAD: 0.8980 - 0.9120 ▲

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  • Forex Today: Japanese Yen Sells Off Again

    May 5, 2024 | 23:15 pm

    Yen Falls as New Week Opens; Precious Metals Edge Higher; Markets Await Reserve Bank of Australia Policy Meeting Tomorrow

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  • Aussie dollar trades above US$0.66

    May 5, 2024 | 17:00 pm

    AUD - Australian dollar The Australian dollar is stronger this morning when valued against the Greenback currently trading at 0.6606 at the time of writing. The Aussie dollar continued its winning streak for the third successive session on Friday. The hawkish sentiment surrounding the Reserve Bank of Australia (RBA) bolsters the strength of the Aussie dollar and underpinning the AUD/USD pair. On the data front this week Australia’s central bank is expected to maintain its key policy rate at 4.35% for a fourth consecutive meeting on Tuesday, and likely until the end of September.  Inflation has come in higher than expected during the March quarter, dampening expectations of interest rate cuts later in the year. The latest Consumer Price Index data from the Australian Bureau of Statistics showed prices increased by 1 per cent during the March quarter, leaving the annual inflation rate at 3.6 per cent. Economists had expected inflation to increase by 0.8 per cent in the March quarter, and by 3.5 per cent annually. Key Movers In the United States last week we saw the releases of the US Nonfarm Payrolls (NFP) and Unemployment Rate for April on Friday. Nonfarm Payrolls (NFP) in the US rose 175,000 in April, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 315,000 increase (revised from 303,000) recorded in March and came in below the market expectation of 243,000. Further details of the jobs report showed that the Unemployment Rate edged higher to 3.9% from 3.8%, while the Labor Force Participation Rate held steady at 62.7%. Additionally, wage inflation, as measured by the change in the Average Hourly Earnings, declined to 3.9% on a yearly basis from 4.1%. Federal Reserve (Fed) Chair Jerome Powell remains cautious about inflation's uncertain trajectory, emphasizing that restrictive monetary policy has curtailed economic overheating. Market predictions for a Fed rate reduction by September have intensified due to the weak labor market figures. US Treasury bond yields plunged with the 2-year yield at 4.80%, while the 5-year and 10-year yields declined to 4.50% and 4.58%, respectively. Expected RangesAUD/USD: 0.6500 - 0.6700 ▲AUD/EUR: 0.6030 - 0.6230 ▲GBP/AUD: 1.8830 - 1.9030 ▼AUD/NZD: 1.0900 - 1.1100 ▲AUD/CAD: 0.8930 - 0.9130 ▲

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  • AUD buoyed by Bank of Japan intervention

    May 2, 2024 | 17:00 pm

    AUD - Australian dollar The Australian dollar is stronger this morning having edged back above US$0.6550 amid a weaker USD and stronger Japanese yen. Markets extended the post FOMC trend. With US treasury yields moving down and risk assets edging higher the USD fell, allowing the AUD to consolidate a break above US$0.65. The AUD extended gains toward US$0.6570 following more official intervention in Japan. The Ministry of Finance directed the Bank of Japan to defend the beleaguered yen, pushing the USD lower and spilling over to drive gains across other Asian currencies. With speculators forced to the sidelines, support for the yen has driven support for the Chinese yuan and run into support for the AUD. If the signals sent this week by the Bank of Japan and MoF suggest we have seen a low for the yen, we have removed a headwind for the AUD moving forward and could see an extended break higher if resistance at 0.6580/0.6620 is breached. Having edged above 104 against the yen, the AUD is now trading back below 101. While we continue to monitor JPY performance and interventionist moves, our attentions today turn to US non-farm payrolls data for direction into the weekly close. Key Movers After the flurry of activity that followed the Fed policy meeting on Wednesday, price action through trade on Thursday settled into a more measured pattern, though continued to trend in the same direction. The USD is weaker, while the euro and GBP were flat overnight. The big mover again was the Japanese yen. With US treasury yields trending lower, the yen found support, while another round of intervention forced the USD toward 153. Japan’s Ministry of Finance directed the Bank of Japan to intervene and support the beleaguered yen, extending yesterday’s move and the correction off 160. Increased volatility in yen will make it more and more difficult for speculators to hold positions, forcing analysts to sideline major bets and driving more near-term volatility as existing positions are unwound. With treasury yields lower, equities and risk assets edged higher on the day and our attentions turn now to US employment data. We expect non-farm payroll to show a moderate increase in April, ensuring the unemployment rate remains steady at 3.8%, while wage inflation will be keenly monitored as a critical marker for future inflation trends. Expected RangesAUD/USD: 0.6480 - 0.6620 ▲AUD/EUR: 0.6050 - 0.6150 ▲GBP/AUD: 1.9000 - 1.9300 ▼AUD/NZD: 1.0950 - 1.1050 ▲AUD/CAD: 0.8930 - 0.9030 ▲

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  • United States Federal Reserve Leaves Rates Unchanged

    May 2, 2024 | 03:30 am

    US Federal Reserve holds interest rates steady, cites inflation as still too high; US dollar declined while the stock market surged but then retreated.

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  • Forex Today: Powell Downplays Rate Hike Chances

    May 1, 2024 | 23:25 pm

    US Dollar Drops, Stocks Rise After Powell Says a Hike Unlikely; Suspected BoJ Intervention Sends Yen Higher, But Sellers Rebound.

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  • Aussie dollars rebounds back above US$0.65 after Fed chair issues dovish statement

    May 1, 2024 | 17:00 pm

    AUD - Australian dollar The Australian dollar traded back above US$0.65 on Wednesday following the Federal Open Market Committee (FOMC) policy meeting and accompanying policy statement. With little of note on the domestic ticket, the AUD tracked sideways through the local session before pitching back above US$0.65 and toward intraday highs at US$0.6540 after Federal Reserve Chair, Jerome Powell failed to match markets' Hawkish expectations, all but quashing calls for one final rate hike. With US rates and treasuries on the back foot, the AUD benefited, consolidating and settling near US$0.6520 leading into this morning’s opening. Our attentions now turn to Australian trade data and March building approvals for direction through the local session while Bank of Japan minutes and Eurozone PMIs dominate the offshore docket ahead of tomorrow’s all-important US non-farm payroll print. Key Movers The US dollar opened lower this morning as markets reacted to the FOMC policy meeting and comments from Fed Chair Jerome Powell. As anticipated, committee members opted to leave rates on hold and proffered few changes in the official statement to that issued last month. While policymakers acknowledged the lack of progress toward the 2% target, the introduction of new language was largely in line with recent Fed commentary and had little market impact. Cue, Fed Chair Jerome Powell’s press conference. Markets were expecting a hawkish bias given the persistence of price pressures and wage inflation yet Fed Chair, Powell offered a dovish statement suggesting the Fed was looking for reasons to cut rates and it was “unlikely the next policy move will be a hike”. US treasury yields and rates fell, dragging the USD lower. The Euro has punched back above 1.07, while sterling trades above 1.25 and the Yen is markedly stronger following further suspected intervention from the Ministry of Finance and Bank of Japan. Following Powell’s press conference, the USD fell from 157.60 to 153 before settling around 155. Interestingly and unlike Monday’s suspected intervention following the move to 160 this recent adjustment came during a period of relative stability suggesting “excessive market movements” may not be the sole catalyst for intervention. Instead, it looks like currency officials may adopt a more opportunistic approach to intervention, keeping markets on edge. Our attentions now turn to the Bank of Japan's March meeting minutes and Eurozone PMIs for April as the headline items on the docket through Thursday. Expected RangesAUD/USD: 0.6450 - 0.6580 ▲AUD/EUR: 0.6020 - 0.6120 ▲GBP/AUD: 1.9100 - 1.9400 ▼AUD/NZD: 1.0950 - 1.1050 ▲AUD/CAD: 0.8900 - 0.9000 ▲

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  • Forex Today: Stocks Bearish as Markets Await Fed Meeting

    Apr 30, 2024 | 23:22 pm

    Equity Markets See Quite Strong Losses Over Past Day; Japanese Yen Trade Remains Lively; US Dollar Advances to Near 6-Month High

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  • Forex Today: Markets Weigh Suspected BoJ Yen Intervention

    Apr 29, 2024 | 23:45 pm

    Japanese Yen Makes Huge Swings After 34-Year Lows; Bank of Japan Refuses to Comment; US Dollar Consolidates; Copper Futures Rise to 2-Year High.

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  • 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

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  • 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?

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  • 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

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  • 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

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  • 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

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  • 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%.

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  • 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.

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  • 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.

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  • 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

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  • Forex Today: Gold Beats $2,300

    Apr 4, 2024 | 00:08 am

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

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  • 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

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  • 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.

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  • 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

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  • 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

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  • 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.

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  • 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

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  • 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

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  • 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

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  • 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.

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  • 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

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  • 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

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  • 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

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  • 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

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