Latest Posts

Latest Posts

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0875; (P) 1.0923; (R1) 1.0954; More… Intraday bias in EUR/USD remains neutral for consolidation below 1…

Apr 6, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0875; (P) 1.0923; (R1) 1.0954; More… A temporary top was formed at 1.0972 and intraday bias in EUR/USD …

Apr 6, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2425; (P) 1.2469; (R1) 1.2506; More… A temporary top is formed at 1.2524 and intraday bias in GBP/USD i…

Apr 6, 2023

China stimulus - Local govt bond issuance +15.6% in Q1 2023, infrastructure projects.

China state-controlled media with the report( Yicai Global, the English-language news service of Yicai Media Group, the fina…

Apr 6, 2023

Mainland China retaliating against Taiwan - conducting "inspections" in the Taiwan Strait

China’s Maritime Safety Administration plans to conduct on-board inspections of container ships operating between Pingtan an…

Apr 6, 2023

Nasdaq 100 Dips as Soft ISM Services Data Fuels Economic Woes, Will Support Hold?

The tech-heavy Nasdaq 100 underperformed on Wednesday as soft US ISM Services data fueled economic woes. Will key support ho…

Apr 5, 2023

Former BOJ official says Yield Curve Control could be ended this month

Before I begin, thanks and h/t to JC in the comments on this post. - Overnight from Bloomberg ( gated ), comments reported…

Apr 5, 2023

Reserve Bank of New Zealand recap - look set for a +25bp rate hike in May

BNZ's take on the larger-than-expected +50bp cash rate target hike from the Reserve Bank of New Zealand: Following the…

Apr 5, 2023

Forexlive Americas FX news wrap 5 Apr: Weaker US data starts to pile on

Oil trades at a standstill as tighter inventories compete with negative sentiment The message from the bond market: The Fe…

Apr 5, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 131.11; (P) 132.14; (R1) 132.76; More… Intraday bias in USD/JPY remains on the downside for the moment. R…

Apr 5, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2422; (P) 1.2473; (R1) 1.2552; More… Intraday bias in GBP/USD remains on the upside as rise from 1.1801…

Apr 5, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0902; (P) 1.0937; (R1) 1.0992; More… EUR/USD’s rise from 1.0515 is in progress and intraday bias stays …

Apr 5, 2023

More from Fed's Mester: The actions the Federal Reserve took seem to have stabilised banks

<p>Loretta Mester, president and CEO of Federal Reserve Bank Cleveland branch.</p><p>Earlier:</p><…

Apr 5, 2023

Reserve Bank of New Zealand policy decision due today, +25bp rate hike expected

<p>A preview of the Reserve Bank of New Zealand policy decision due 05 April 2023 at 2pm New Zealand time</p><…

Apr 4, 2023

China is holding back its required approval for mergers that involve US companies

<p>This via the <a href="https://ift.tt/ob4L1YF" target="_blank" rel="nofollow">Wa…

Apr 4, 2023

Forexlive Americas FX news wrap: US dollar dumps as job openings fall

<ul><li><a href="https://ift.tt/EXdmpxS job openings for February 9.931M. vs 10.4M estimate</a><…

Apr 4, 2023

Major US indices close the day lower

<p>The slowdown in the economy was more evident in the economic data today. Factory orders came in weaker than expecte…

Apr 4, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 131.83; (P) 132.79; (R1) 133.38; More… USD/JPY is staying in consolidation from 133.74 and intraday bias …

Apr 4, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0822; (P) 1.0869; (R1) 1.0951; More… Intraday bias in EUR/USD remains mildly on the upside. Current ris…

Apr 4, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2320; (P) 1.2372; (R1) 1.2470; More… Intraday bias in GBP/USD remains on the upside for the moment. Up …

Apr 4, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2320; (P) 1.2372; (R1) 1.2470; More… GBP/USD’s rally today and break of 1.2445/6 indicates resumption o…

Apr 4, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 131.83; (P) 132.79; (R1) 133.38; More… Intraday bias in USD/JPY remains neutral for consolidations below …

Apr 4, 2023

US Dollar Slide Fast Approaching Pivotal Support Zone After ISM Manufacturing Miss

The US Dollar continued its slide, with disappointing ISM Manufacturing amplifying its selloff. This means the DXY Dollar In…

Apr 4, 2023

Upside risk to Brent oil forecasts due to OPEC output cut - Barclays

<p>A snippet from Barclays on thier oil price forecasts.</p><ul><li>Analysts at the bank say the OPE…

Apr 4, 2023

The EU launched its new LNG price benchmark on Friday in attempt to calm price spikes

<p>Info via Reuters:</p><ul><li>LNG prices in Europe have historically been pegged to the Dutch TTF …

Apr 3, 2023

Russia's Lavrov says "the west" trying to drive wedge between China and Russia friendship

<p>Lavrov is Foreign Minister of Russia.</p><ul><li>says the west is trying to pout a wedge into the…

Apr 3, 2023

Dow Industrial Average and S&P higher. Nasdaq lower.

<p>The major US stock <a href="https://ift.tt/58n2zSB" class="terms__main-term" id="eb50e0…

Apr 3, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0811; (P) 1.0869; (R1) 1.0900; More… EUR/USD is staying in consolidation from 1.0929 and intraday bias …

Apr 3, 2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9119; (P) 0.9149; (R1) 0.9181; More… USD/CHF is still extending the corrective pattern from 0.9058 low.…

Apr 3, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2296; (P) 1.2360; (R1) 1.2394; More… Intraday bias in GBP/USD remains neutral and further rise is in fa…

Apr 3, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0811; (P) 1.0869; (R1) 1.0900; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0…

Apr 3, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 132.40; (P) 132.99; (R1) 133.40; More… Intraday bias in USD/JPY remains mildly on the upside for the mome…

Apr 3, 2023

BOJ compares downbeat manufactures vs. upbeat service providers

<p>A Bank of Japan official comments on the divergence seen in the Tankan:</p><ul><li> Many manufact…

Apr 3, 2023

USD rising in Asia morning trade pretty much across the majors board (CAD excepted)

<p>CAD is higher against the USD with the oil price. Apart from that the US dollar is up. </p><p>EUR/USD i…

Apr 3, 2023

USD/CAD has filled its gap, USD/JPY has not. Where now for the oil price?

<p>The driver of moves so far today is this shock news from Sunday:</p><ul><li><a href="http…

Apr 2, 2023

Goldman Sachs is expecting a Reserve Bank of Australia interest rate hike tomorrow

<p>The Reserve Bank of Australia monetary policy meeting is on Monday, 3 April 2023. </p><p>The Statement …

Apr 2, 2023

Economic calendar in Asia 03 April 2023 - another Chinese manufacturing PMI

<p>Before we start, check ut the huge weekend nes:</p><ul><li><a href="https://ift.tt/kfioaq…

Apr 2, 2023

Markets Q2 Outlook: US Dollar, Gold, Oil, Dow, Euro, Yen, Sterling, AUD, BTC

The collapse of Silicon Valley Bank has so far seen markets squarely focus on the upside of dovish central banks as the firs…

Apr 2, 2023

Saudi Arabia and other gulf states announce 1 million barrels per day in oil output cuts

<p>This is a bolt of lightning out of the blue for the oil bulls. </p><p>Saudi Arabia announced a voluntar…

Apr 2, 2023

US Dollar Q2 Technical Forecast: Sellers Take Hold of Steering Wheel

The U.S. dollar heads into the second quarter with a negative bias, challenging a key technical support and at risk of a sig…

Apr 2, 2023

WTI Technical Forecast: Long-Term Downtrend Remains but Signs of Fatigue Appear

Q1 unfolded with price action oscillating between key levels. Q2 shows potential for a continuation of the long-term downtre…

Apr 2, 2023

Week Ahead Preview: Highlights include NFP, ISM, RBA , RBNZ, BoJ Tankan, BoC BOS

<ul><li>MON: Japanese Tankan Survey (Q1), Caixin Manufacturing PMI Final (Mar), EZ/UK/US Final Manufacturing PMI…

Apr 1, 2023

Is gold on the verge of a big short?

<p class="text-align-start">Did you spot the triple top in <a href="https://ift.tt/mTHAdb7" cla…

Apr 1, 2023

Japanese Yen Q2 Technical Forecast: Yen Looks Set for Gains in Q2

The Yen has displayed resilience in the final month of Q1 as recent price action hints at Yen strength in the months ahead. …

Apr 1, 2023

EUR/USD Weekly Outlook

EUR/USD stayed in range below 1.0929 last week despite attempt to break through the resistance. Initial bias is turned neutr…

Apr 1, 2023

USD/JPY Weekly Outlook

USD/JPY’s extended rebound last week argues that fall from 137.90 has completed at 129.62. Rise from there is seen as the th…

Apr 1, 2023

Bitcoin Technical Outlook: Candlestick Patterns Suggest Bullish Continuation is Possible in Q2

Bitcoin bulls have come back with vengeance after a disappointing 2022, resuming the uptrend from the first quarter of this …

Apr 1, 2023

It quarter end. How did the major currency pairs vs the USD do? What levels to eye in 2Q

<p>Today is quarter end. The USD is ending the quarter mixed with declines vs the <a href="https://ift.tt/N7S2…

Apr 1, 2023

US stock indices close the day near session highs

<p>The major US stock <a href="https://ift.tt/rIvjRbt" class="terms__secondary-term" id="e…

Mar 31, 2023

Australia builder collapse: rising costs, supply chain delays, labor shortage, demand drop

<p>The firm, Porter Davis, had more than 1500 homes in progress in Victoria and a further 200 homes in Queensland.<…

Mar 31, 2023

US Dollar Continues Diverging from the Fundamentals, Will PCE Data Realign Traders?

The US Dollar still found no love as traders continued piling into Wall Street despite not-so-dovish commentary from Federal…

Mar 30, 2023

Commonwealth Bank of Australia expect an RBA pause at the April 4th meeting

<p>From CBA, in brief:</p><ul><li>We ascribe a 55% chance to no change and a 45%probability to a 25b…

Mar 30, 2023

Former US President Trump has been indicted in New York after porn star payment

<p>A Manhattan Grand Jury has voted to indict Trump.</p><p>The New York Times reporting, citing "four…

Mar 30, 2023

Trade ideas thread - Friday, 31 March 2023

<p>Good morning, afternoon and evening all. Last call for the month - the bar is closing soon!</p><p>Any c…

Mar 30, 2023

US equities ring up another gain

<p>US equities opened strongly, then sagged midway through the day on banking worries, then finished about where they …

Mar 30, 2023

PBOC is expected to set the USD/CNY reference rate at 6.8901 – Reuters estimate

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

Mar 30, 2023

ICYMI - Fed's Barr points the finger all over the place to blame for the SVB failure

<p> Federal Reserve Board Vice Chair for Supervision Michael Barr and Federal Deposit Insurance Corporation Chairman M…

Mar 30, 2023

Here's what to expect from the review of the RBA - "biggest shake-up in three decades"

<p>The review of the Reserve Bank of Australia is expected to be delivered to Australia's Treasurer Jim Chalmers o…

Mar 29, 2023

ECB's Schnabel says labour costs possibly indicate 2nd round inflationary effects

<p>ECB board member Isabel Schnabel is speaking in the US, in a panel discussion at 39th Annual National Association f…

Mar 29, 2023

Trade ideas thread - Thursday, 30 March 2023

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

Mar 29, 2023

OPEC+ Committee meeting is scheduled for next week - no change recommendation is expected

<p>OPEC's Joint Ministerial Monitoring Committee (JMMC) meets on April 3 2023. </p><p>At the previous …

Mar 29, 2023

US Dollar Dismissed Despite Upbeat Consumer Confidence, Further Pain Ahead?

Despite upbeat US consumer confidence data, the US Dollar did not receive any love on Tuesday as the 2-year Treasury yield g…

Mar 28, 2023

Goldman Sachs targets GBP/USD at 1.19 in 6-months

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

Mar 28, 2023

ICYMI - Barclays highlights supply issue implying upside risk to its $92 Brent forecast

<p>Barclay's Brent <a href="https://ift.tt/19eEP40" class="terms__main-term" id="e1f1b…

Mar 28, 2023

Trade ideas thread - Wednesday, 29 March 2023

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

Mar 28, 2023

UK data: Annual inflation hits an 18 year high

<p>British Retail Consortium (BRC) said overall shop price inflation rose to 8.9% from 8.4% in February</p><u…

Mar 28, 2023

JP Morgan's Kolanovic repeats that US equities have seen their 2023 high in Q1

<p>A snippet via Marko Kolanovic, JPM's chief global markets strategist:</p><ul><li>Our view rem…

Mar 27, 2023

BoA expect no further Bank of England rate hikes, then rate cuts from 2024

<p>Bank of America on Bank of England monetary policy following the +25bp rate hike last week.</p><p>ICYM …

Mar 27, 2023

Australian Assistant Treasurer says domestic funding markets continue to function well

<p>Assistant Treasurer and Minister for Financial Services Stephen Jones:</p><ul><li> We’ve seen som…

Mar 27, 2023

EUR/USD Bolts Toward Trendline Resistance, GBP/USD Threatens Bullish Breakout

The U.S. dollar weakened widely at the start of the week amid positive market sentiment and reduced demand for haven positio…

Mar 27, 2023

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