Latest Posts

Latest Posts

Forexlive Americas FX news wrap 10 Mar: SVB overshadows the jobs report

<ul><li><a href="https://ift.tt/SpbLzcB of a 50 bps hike on March 22 fall to 28%</a></li><…

Mar 10, 2023

US equity close: S&P 500 virtually erases the year-to-date gains

<p>US equities were hit hard today and the S&amp;P 500 virtually erased its gains for the year in the second day o…

Mar 10, 2023

WTI crude oil futures settle at $76.68

<p>The price of WTI crude futures are settling at $76.68. That's up $0.96 or +1.27%</p><p>The low toda…

Mar 10, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1857; (P) 1.1898; (R1) 1.1964; More… Intraday bias in GBP/USD remains on the upside at this point. Sust…

Mar 10, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 135.61; (P) 136.49; (R1) 137.04; More… USD/JPY’s break of 135.35 support indicates short term topping at …

Mar 10, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0550; (P) 1.0571; (R1) 1.0603; More… Intraday bias in EUR/USD remains neutral first. Firm break of 1.06…

Mar 10, 2023

New York Fed data shows underlying inflation pressure acceleration, not slowing

<p>This is an interesting piece from Reuters on a New York Federal Reserve report on an in-house inflation model. This…

Mar 10, 2023

One of these markets is going to be wrong about what happens tomorrow

<p>What a mess in markets today.</p><p>Normally, falling yields would be good news for risk trades and bad…

Mar 9, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0521; (P) 1.0548; (R1) 1.0570; More… Intraday bias in EUR/USD is turned neutral with current recovery. …

Mar 9, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 136.59; (P) 137.25; (R1) 138.02; More… Intraday bias in USD/JPY remains neutral for consolidation below 1…

Mar 9, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1813; (P) 1.1836; (R1) 1.1868; More… Intraday bias in GBP/USD remains neural first. Firm break of 1.191…

Mar 9, 2023

PBOC is expected to set the USD/CNY reference rate at 6.9668 – Reuters estimate

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

Mar 9, 2023

Crypto-friendly bank Silvergate is shutting down operations, liquidating bank

<p>News from late Wednesday afternoon US time a couple of hours ago. </p><p>Its been a saga this ...</p…

Mar 9, 2023

S&P 500, Nasdaq 100 Perk Up but Risk Appetite Remains Subdued ahead of NFP Data

The S&P 500 and Nasdaq 100 advanced modestly on Wednesday, but gains were capped by subdued sentiment following Powell&#…

Mar 8, 2023

Trade ideas thread - Thursday, 9 March 2023

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

Mar 8, 2023

Major US indices closing with mixed results. NASDAQ and higher.

<p>The major US indices are closing with mixed results:</p><ul><li>Dow Industrial Average was the we…

Mar 8, 2023

USDJPY trades between 200 day MA above and 100 day MA below (and 100/200 hour MAs)

<p>As we head toward the end of day, the MA technicals for the USDJPY are painting the risk and bias defining levels f…

Mar 8, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1744; (P) 1.1905; (R1) 1.1987; More… Intraday bias in GBP/USD remains on the downside for the moment. C…

Mar 8, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0498; (P) 1.0597; (R1) 1.0647; More… Intraday bias in EUR/USD remains on the downside as fall from 1.10…

Mar 8, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 136.07; (P) 136.63; (R1) 137.72; More… Intraday bias in USD/JPY stays on the upside at this point. Curren…

Mar 8, 2023

US yield curve inversion, the recession indicator, is its deepest in 40+ years

<p>Powell's return to more hawkish triggered bond marekt moves:</p><ul><li>the 2 year UST yield …

Mar 8, 2023

Crypto-focused bank Silvergate in talks with FDIC about how to keep the firm in business

<p>You'll recall the dour news for the firm that saw its stock price collapse:</p><p><a href="…

Mar 7, 2023

While the focus was on Powell Tuesday there were also remarks from the ECB and SNB

<p>A couple of posts from Tuesday ICYMI while Powell was hogging the spotlight:</p><p><a href="htt…

Mar 7, 2023

RBA Lowe says if the data suggest a pause prior to the next meeting, will do that

<p>Reserve Bank of Australia Governor Lowe earlier:</p><ul><li><a href="https://ift.tt/QTMtC…

Mar 7, 2023

BlackRock says Federal Reserve could hike rates to 6%, hold for an extended time there

<p>A note from Rick Rieder, chief investment officer of global fixed income at BlackRock, the world’s largest asset ma…

Mar 7, 2023

Oil - private survey of inventory shows headline draw vs small build expected

<p>This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US…

Mar 7, 2023

Why was the market so oblivious about signs that Powell would be hawkish?

<p>What's annoying about this rout in risk assets is that it didn't come as a shock.</p><p>Last we…

Mar 7, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 135.47; (P) 135.83; (R1) 136.29; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged.…

Mar 7, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0638; (P) 1.0667; (R1) 1.0711; More… At this point, the favored case is still that correction from 1.10…

Mar 7, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1996; (P) 1.2023; (R1) 1.2052; More… Intraday bias in GBP/USD stays neutral at this point. On the downs…

Mar 7, 2023

U.S. energy envoy Hochstein says Russian oil price caps are working well

<p>U.S. Energy Envoy Amos Hochstein spoke on the sidelines of an energy conference, CERAWeek, in Houston.</p><…

Mar 7, 2023

AUDUSD levels in play through rate decision

<p>The AUDUSD is trading below the 100 day /100 hour MA going into the rate decision by the Reserve Bank of New Zealan…

Mar 6, 2023

Economic calendar in Asia - Tuesday, 7 March 2023 - China trade data and RBA decision

<p>There is no time listed for the Chinese trade data coming today. This data tends to hit sometime after 0200 GMT (10…

Mar 6, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 135.45; (P) 136.12; (R1) 136.50; More… Intraday bias in USD/JPY remains neutral at this point. On the dow…

Mar 6, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0602; (P) 1.0621; (R1) 1.0652; More… Intraday bias in EUR/USD stays neutral at this point. Fall from 1.…

Mar 6, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1975; (P) 1.2012; (R1) 1.2082; More… Intraday bias in GBP/USD stays neutral at this point. On the downs…

Mar 6, 2023

PBOC is expected to set the USD/CNY reference rate at 6.8932 – Reuters estimate

<p>PBOC CNY reference rate is due around 0115 GMT.</p><p>Earlier from China:</p><ul><li>…

Mar 6, 2023

Misleading app uses ForexLive brand to target traders - be on guard for your funds

<p>A heads up folks, be on alert for this latest batch of scammers:</p><ul><li>Deceptive website and…

Mar 6, 2023

ECB Lagarde on higher rates: "In the short term, core inflation is going to be high,"

<p>European Central Bank President Lagarde spoke over the weekend, with Spanish media group Vocento.</p><ul&g…

Mar 5, 2023

Mobius says China's government is preventing him from taking capital out of China

<p>Mark Mobius is an emerging markets fund manager. He founded Mobius Capital Partners.</p><p>Mobius spoke…

Mar 5, 2023

Weekend - China sets its 2023 GDP target "around 5%"

<p>Premier Li Keqiang's government work report was released on Sunday at the opening of the National People's …

Mar 5, 2023

Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Powell, NFPs, RBA, BoC, BoJ

The Dow Jones and S&P 500 rallied as the US Dollar fell last week. Ahead, the RBA, BoC and BoJ set rates. Markets also a…

Mar 5, 2023

Week Ahead: Fed's Powell, US NFP; China Two Sessions, CPI; RBA, BoC, BoJ

<ul><li>MON: Swiss CPI (Feb), EZ Sentix Index (Mar), EZ Retail Sales (Jan), South Korean GDP Revised (Q4).</l…

Mar 5, 2023

Fed's Daly: If next inflation data hot, would adjust rate path higher and longer

<p>San Francisco Fed President Mary Daly is out with some candid comments today. She's plugged into the core of th…

Mar 5, 2023

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

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