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Latest Posts

China's National People's Congress begins on Sunday

<p>China's parliamentary committees meet in the week ahead, beginning on Sunday in an event that will outline key …

Mar 4, 2023

Combining volume profile in technical analysis: Bitcoin's target is $21250 (apx 5% lower)

<p>An effective bitcoin trading method based on volume profile (AKA market profile)</p><p>Combining volume…

Mar 4, 2023

EUR/USD Weekly Outlook

EUR/USD recovered after edging lower to 1.0532 last week, but failed to extend gain above 1.0690. Initial bias remains neutr…

Mar 4, 2023

GBP Weekly Forecast: Pound Eyes UK GDP Alongside US NFP

GBP/USD is preparing for some price volatility next week including UK GDP, Fed Chair Jerome Powell and US NFP data from Da…

Mar 4, 2023

Fed's Barkin: If inflation persists we can raise rates further than forecast

<ul><li>Labor market is still 'quite tight'</li><li>Inflation is likely past its peak</li…

Mar 3, 2023

The USDCHF tests 200 hour MA

<p>The USDCHF has extended to a new session low and in the process is dipping below the rising 200 hour moving average…

Mar 3, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0558; (P) 1.0616; (R1) 1.0654; More… EUR/USD is staying in range of 1.0532/0690 and intraday bias stays…

Mar 3, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 136.16; (P) 136.63; (R1) 137.23; More… Intraday bias in USD/JPY is turned neutral again with current retr…

Mar 3, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1904; (P) 1.1970; (R1) 1.2016; More… GBP/USD recovered ahead of 1.1914 support as range trading continu…

Mar 3, 2023

Cash rate in Australia seen at 3.85% by end of June (poll) and held there until end-2023

<p>Reuters poll of analysts ahead of the Reserve Bank of Australia meeting next week, Tuesday March 7 at 2.30pm Sydney…

Mar 3, 2023

ECB's Wunsch says Bank could consider raising its key interest rate as high as 4%

<p>ECB Governing Council member Pierre Wunsch and Governor of the National Bank of Belgium.</p><p>The Euro…

Mar 3, 2023

JP Morgan like AUD vs. GBP ... advocate trade via options

<p class="western" align="left"> This is via the folks at eFX. </p><p class="western…

Mar 2, 2023

Australian February Judo Bank Services PMI (final) 50.7 (prior 48.6)

<p>The </p><p>Flash readings are here:</p><ul class="text-align-start vertical-align-baselin…

Mar 2, 2023

The market takes a more-hawkish Waller in stride

<p>It's an odd time for a Fed speech to cross so I wonder if the market is slow to pick up on the comments from Wa…

Mar 2, 2023

USD/CAD threatens the range bottom as risk trades improve

<p>The S&P 500 is at the highs of the day, up 0.6% after trading lower early. The mood improved after the Fed'…

Mar 2, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.1965; (P) 1.2027; (R1) 1.2089; More… Intraday bias in GBP/USD stays neutral as range trading continues.…

Mar 2, 2023

Goldman Sachs raise its estimate for ECB interest rate hikes for the 2nd time in 2 weeks

<p>Goldman Sachs had expected the European Central Bank to raise its rate by 25 bp in May, but has revised this to +50…

Mar 2, 2023

Goldman Sachs see bearish USD/JPY factors but remain unconvinced it'll drop significantly

<p>Last week I <a href="https://ift.tt/Ah1jPoD" target="_blank" rel="follow">poste…

Mar 1, 2023

Note for the diary - Fed Chair Powell will testify in Congress on March 8

<p>Federal Reserve System Chair Powell will give his semiannual monetary policy testimony to the House Financial Servi…

Mar 1, 2023

Economic calendar in Asia - Thursday, 2 March 2023

<p>There is nothing high priority on the data agenda for the session ahead. This lot is unlikely to shift around the f…

Mar 1, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 135.68; (P) 136.30; (R1) 136.86; More… USD/JPY is staying in consolidation below 136.91 temporary top and…

Mar 1, 2023

Germany February preliminary CPI +8.7% vs +8.5% y/y expected

<ul><li>Prior +8.7%</li><li>CPI +0.8% vs +0.6% m/m expected</li><li>Prior +1.0%</li&g…

Mar 1, 2023

ForexLive European FX news wrap: Dollar slumps as March trading gets underway

<p>Headlines:</p><ul><li><a href="https://ift.tt/msCNfYI Bailey: Further rate hikes may be a…

Mar 1, 2023

FTSE 100 Gains As Miners Surge On Strong China Data

The FTSE 100 has shared in a global move into riskier assets on hopes that China’s post-Covid economy is firing up from Da…

Mar 1, 2023

PBOC is expected to set the USD/CNY reference rate at 6.9409 – Reuters estimate

<p>I wrote about the imminent stability for the yuan this week earlier:</p><ul><li><a href="…

Mar 1, 2023

Goldman Sachs CEO says inflation is going to be even more sticky - bumpy 18 months ahead

<p>Goldman Sachs CEO David Solomon spoke Tuesday, US time. With the warning:</p><ul><li> says inflat…

Mar 1, 2023

Australian Industry Index rose in February but stayed in contraction

<p>This is a new index from the <a href="https://ift.tt/ZlIoHKP" target="_blank" rel="nofo…

Feb 28, 2023

Forexlive Americas FX news wrap: US dollar rebounds late as the month winds down

<ul><li><a href="https://ift.tt/ZSXiRvY February Conference Board consumer confidence 102.9 vs 108.5 exp…

Feb 28, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 135.92; (P) 136.23; (R1) 136.55; More… No change in USD/JPY’s outlook as focus stays on 38.2% retracement…

Feb 28, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0555; (P) 1.0587; (R1) 1.0642; More… Intraday bias in EUR/USD stays neutral for the moment. The decline…

Feb 28, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1969; (P) 1.2017; (R1) 1.2112; More… Focus in GBP/USD is now back on 1.2146 resistance as rebound form …

Feb 28, 2023

US Dollar Sees Setback on Weak Durable Goods Orders, But DXY Trend Holds Bullish

The US Dollar fell the most since the beginning of February following disappointing durable goods orders. Still, the DXY may…

Feb 28, 2023

Eurozone inflation data for February due this week - preview (&what markets will focus on)

<p>A 50bp European Central Bank rate hike at the next meeting (March 16) appears to be locked in. this the latest from…

Feb 28, 2023

More from Morgan Stanley - favouring further upside for the US dollar (the why is a doozy)

<p>Adam had this from Morgan Stanley earlier:</p><ul><li><a href="https://ift.tt/LTSutRF&quo…

Feb 27, 2023

MUFG expect the Bank of Japan to abandon YCC by July 2023 - but here is the risk

<p>This via MUFG on the yen and also on Bank of Japan policy ahead. </p><p>MUFG note the strong up move in…

Feb 27, 2023

Trade ideas thread - Tuesday, 28 February 2023

<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive tr…

Feb 27, 2023

Warren Buffett: If you don’t see the world the way it is...

<p>Warren Buffett released his <a href="https://ift.tt/4liTkXD" target="_blank" rel="nofol…

Feb 27, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 134.87; (P) 135.69; (R1) 137.33; More… Intraday bias in USD/JPY remains on the upside with focus on 38.2%…

Feb 27, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0516; (P) 1.0566; (R1) 1.0595; More… A temporary low is formed at 1.0532 with 4 hour MACD crossed above…

Feb 27, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1899; (P) 1.1971; (R1) 1.2012; More… GBP/SUD recovered ahead of 1.1914 and intraday bias is turned neut…

Feb 27, 2023

PBOC sets USD/ CNY reference rate for today at 6.9572 (vs. estimate at 6.9586)

<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offsh…

Feb 27, 2023

Weekend report that Russia halts pipeline oil to Poland

<p>Via Reuters, citing a refiner (CEO of PKN Orlen), news that Russia has halted supplies of oil to Poland via the Dru…

Feb 27, 2023

Australia maintains key macroprudential policy settings - warns of possible deterioration

<p>The Australian Prudential Regulation Authority (APRA) with a statement this morning here. </p><p>APRA h…

Feb 27, 2023

Trade ideas thread - Monday, 27 February 2023

<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive tr…

Feb 26, 2023

Economic calendar in Asia - 27 February 2023

<p>It's a light data agenda ahead. Incoming Bank of Japan governor Ueda is speaking again. </p><p>He w…

Feb 26, 2023

Monday morning open levels - indicative forex prices - 27 February 2023

<p>Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week!</p>&…

Feb 26, 2023

Technical analysis for META stock: How to catch the dip and strengthen your long position

<p>What exactly is meant by the term "technical analysis," and how exactly does it have an impact on Meta St…

Feb 26, 2023

Week Ahead: ISM, BoJ Governor, China PMI, EZ flash inflation, ECB minutes

<ul><li>MON: EZ Economic Sentiment (Feb), US Durable Goods (Jan), Japanese Retail Sales (Jan), German Prelim. CP…

Feb 26, 2023

Gold Price Fundamental Forecast: XAU/USD Under Pressure From Raging Dollar

Gold prices head into the week on the backfoot after a resilient dollar remains supported by salivated inflationary pressure…

Feb 26, 2023

What's next for the Israeli shekel in light of the protests?

<p>Forex Trading Strategies for the USD/ILS Pair: Tips and Analysis</p><p>If you trade foreign exchange, y…

Feb 26, 2023

USD/CAD at Fresh 2023 Highs After Bullish Breakout, Oil Forges Bearish Pattern

USD/CAD presents a constructive outlook after this past week’s bullish breakout. Meanwhile, oil exhibits a negative technica…

Feb 26, 2023

US Dollar Outlook Turns More Bullish as Bond Yields Skyrocket Post PCE Data

The U.S. dollar (DXY) has risen to its best level since early January, driven by surging U.S. Treasury yields in response to…

Feb 25, 2023

EUR/USD Weekly Outlook

EUR/USD’s decline from 1.1032 continued last week and hit as low as 1.0535. Initial bias stays on the downside this week for…

Feb 25, 2023

GBP/USD Weekly Outlook

GBP/USD reversed after rebounding to 1.2146 last week and stayed below falling 55 day EMA. Near term outlook remains bearish…

Feb 25, 2023

USD/JPY Weekly Outlook

USD/JPY’s rally from 127.20 accelerated to as high as 136.51. Initial bias remains on the upside this week with focus on 38.…

Feb 25, 2023

Forexlive Americas FX news wrap: Highs of the year for USD as PCE inflation runs hot

<ul><li><a href="https://ift.tt/5P8xKe0 January PCE core inflation 4.7% vs 4.3% expected.</a></…

Feb 24, 2023

US equities wrap up a tough week as inflation bites

<p>On the day:</p><ul><li>S&P 500 -1.0%</li><li>DJIA -1.1%</li><li>Nasda…

Feb 24, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 134.32; (P) 134.85; (R1) 135.20; More… Intraday bias in USD/JPY remains on the upside for 38.2% retraceme…

Feb 24, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0572; (P) 1.0600; (R1) 1.0623; More… EUR/USD’s fall from 1.1032 continues today and intraday bias stays…

Feb 24, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1980; (P) 1.2028; (R1) 1.2063; More… Immediate focus is now on 1.1914 in GBP/USD with today’s decline. …

Feb 24, 2023

Reuters poll - Nearly half of Japan firms want the BOJ to change the negative rates policy

The Reuters Corporate Survey is a monthly poll. Main findings from the latest: 47% say new BOJ chief should change policy on…

Feb 24, 2023

Westpac have raised their FOMC fed funds forecast peak to 5.25%-5.5% from 4.75-5%

<p>Also:</p><ul><li><a href="https://ift.tt/8SW3izU" target="_blank" rel=&quo…

Feb 23, 2023

Westpac have raised their RBA forecast: Peak cash rate to 4.1% (from 3.85%)

<p>More to come</p><p>WPAC on the Reserve Bank of Australia:</p><ul><li>We have lifted o…

Feb 23, 2023

JP Morgan CEO Dimon said Fed "lost a little bit of control of inflation”

<p>JPMorgan Chase CEO Jamie Dimon spoke on Thursday in an interview with CNBC. Greg had the headline comments here:<…

Feb 23, 2023

RBNZ Silk says all rate hike options are on the table for the April meeting

<p>Karen Silk is Assistant Governor / General Manager of Economics, Financial Markets and Banking at the Reserve Bank …

Feb 23, 2023

US stocks recover and close higher on the day

<p>The major US stock <a href="https://ift.tt/wSpt1be" class="terms__main-term" id="eb50e0…

Feb 23, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 134.50; (P) 134.78; (R1) 135.19; More… USD/JPY’s rally continues today and intraday bias stays on the ups…

Feb 23, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0581; (P) 1.0623; (R1) 1.0646; More… Intraday bias in EUR/USD remains on the downside. Corrective decli…

Feb 23, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2009; (P) 1.2072; (R1) 1.2110; More… Outlook in GBP/USD remains unchanged and intraday bias stays neutr…

Feb 23, 2023

PBOC sets USD/ CNY central rate at 6.9028 (vs. estimate at 6.9028)

<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offsh…

Feb 23, 2023

PBOC is expected to set the USD/CNY reference rate at 6.9028. – Reuters estimate

<p>PBOC CNY reference rate is due around 0115 GMT.</p> This article was written by Eamonn Sheridan at www.forexl…

Feb 23, 2023

WSJ: U.S. Considers Release of Intelligence on China’s Potential Arms Transfer to Russia

<p><a href="https://ift.tt/5z49Aid" target="_blank" rel="nofollow">The Journal cit…

Feb 23, 2023

US Dollar Rallies as Fed Minutes Point to More Hikes amid Upside Inflation Risks

The U.S. dollar, as measured by the DXY index, extended session gains after FOMC minutes showed that policymakers continue t…

Feb 22, 2023

RBNZ Orr: There are some early signs that inflation is abating

<p>RBNZ Governor Orr is speaking. The RBNZ raised rates by 50 basis points yesterday in New Zealand</p><ul>…

Feb 22, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0623; (P) 1.0661; (R1) 1.0683; More… Range trading continues in EUR/USD and intraday bias stays neutral…

Feb 22, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 134.48; (P) 134.85; (R1) 135.40; More… USD/JPY continues to lose upside momentum as seen in 4 hour MACD. …

Feb 22, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2017; (P) 1.2082; (R1) 1.2177; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. A…

Feb 22, 2023

PBOC is expected to set the USD/CNY reference rate at 6.8776 – Reuters estimate

<p>The reference rate is expected to be weaker for the yuan given the overnight strength in the USD:</p><ul&g…

Feb 22, 2023

Goldman Sachs $100 / barrel oil forecast is getting trotted out again

<p>I seem to be posting the 'Goldman Sachs forecast $100 oil' around once a week or so. </p><p>Thi…

Feb 22, 2023

Australian wages data due today, likely to keep the pressure on RBA

<p>Australian wages data for Q4 2022 is due at</p><ul><li>11.30 am Sydney time</li><li>0…

Feb 21, 2023

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