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There is more inflation data to come from New Zealand later - RBNZ's own preferred measure

We just had the CPI data from Stats NZ: New Zealand Q1 CPI 1.2% q/q (vs. 1.7% expected) Which hit the NZD: NZD/USD mar…

Apr 20, 2023

New Zealand Q1 CPI 1.2% q/q (vs. 1.7% expected)

January - March 2023 quarter inflation data from New Zealand. 1.2% q/q expected 1.7%, prior 1.4% lower energy prices in …

Apr 19, 2023

Forexlive Americas FX news wrap 19 Apr:The USD falls in US trading but still closes higher

NASDAQ and S&P close little change for the 2nd consecutive day AUDUSD buyers and sellers start to look for a break. He…

Apr 19, 2023

Asia economic calendar Thursday, 20 April: People's Bank of China interest rate setting

New Zealand Q1 inflation data is due at 2245 GMT, 1845 US Eastern time. The CPI is at lofty heights which should see the Res…

Apr 19, 2023

Trade ideas thread - Thursday, 20 April 2023

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders wou…

Apr 19, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2379; (P) 1.2414; (R1) 1.2461; More… GBP/USD is still staying in sideway trading and intraday bias rema…

Apr 19, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0936; (P) 1.0960; (R1) 1.0997; More… Range trading continues in EUR/USD and intraday bias stays neutral…

Apr 19, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 133.74; (P) 134.23; (R1) 134.58; More… Intraday bias in USD/JPY stays on the upside as rally from 129.62 …

Apr 19, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0936; (P) 1.0960; (R1) 1.0997; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.1…

Apr 19, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2379; (P) 1.2414; (R1) 1.2461; More… GBP/USD recovers further today but it’s staying gin range of 1.234…

Apr 19, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 133.74; (P) 134.23; (R1) 134.58; More… USD/JPY’s rally from 129.62 resumed after brief consolidations. In…

Apr 19, 2023

Gold Prices Gain as US Dollar Falls, Keep a Close Eye on Bearish Engulfing Follow-Through

Gold prices gained on Tuesday as the US Dollar fell. XAU/USD remains vulnerable to follow-through after a Bearish Engulfing …

Apr 19, 2023

ICYMI - ECB's Lane says Bank will hike rate in May, +25 or +50bp is data dependent

European Central Bank Chief Economist Philip Lane was speaking at a Bloomberg (gated) New Economy Gateway Europe conference …

Apr 19, 2023

White House Bernstein says China wants the USD to weaken as international reserve currency

Jared Bernstein is a member of the White House Council of Economic Advisers. He was speaking before a US Senate Banking Comm…

Apr 19, 2023

Reserve Bank of Australia minutes recap: ANZ says upcoming May meeting rate hike is 'live'

Justin had the breaking on the April meeting minutes here: RBA minutes show strong case to pause and reassess need for tigh…

Apr 18, 2023

Hong Kong's central bank has intervened in the currency again

The Hong Kong Monetary Authority (HKMA) has bought around 6.9bn Hong Kong dollars to support the currency. The Hong Kong do…

Apr 18, 2023

Trade ideas thread - Wednesday, 19 April 2023

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders wou…

Apr 18, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0892; (P) 1.0946; (R1) 1.0982; More… EUR/USD is continuing the consolidation below 1.1075 and intraday …

Apr 18, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2341; (P) 1.2389; (R1) 1.2426; More… GBP/USD is still bounded in range of 1.2343/2545 and intraday bias…

Apr 18, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 133.93; (P) 134.25; (R1) 134.79; More… A temporary top is formed at 134.69 in USD/JPY with current retrea…

Apr 18, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0892; (P) 1.0946; (R1) 1.0982; More… Intraday bias in EUR/USD remains neutral and outlook stays bullish…

Apr 18, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 133.93; (P) 134.25; (R1) 134.79; More… USD/JPY’s rally is still in progress and intraday bias stays on th…

Apr 18, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2341; (P) 1.2389; (R1) 1.2426; More… Intraday bias in GBP/USD remains neutral for the moment. Another r…

Apr 18, 2023

China Q1 GDP and March activity data due at 0200 GMT (10pm US Eastern time)

Via ING, preview thoughts: China will release its GDP report for the first quarter and activity data for March. We expect…

Apr 18, 2023

Bank of Japan Governor Ueda will speak in the Japanese parliament Tuesday, 18 April 2023

Bank of Japan Governor Ueda is appearing before a Diet committee the financial committee from just after 10am Tokto time …

Apr 18, 2023

Deutsche Bank see a near-term S&P 500 rally above 4250

Bankim Chadha, head US equity and global strategist at Deutsche Bank spoke on Bloomberg TV on Monday. He expects a near term…

Apr 17, 2023

Cryptocurrency: CME to offer 'one-day options' on Bitcoin, Ether. Expiries every week day.

CME Group is to list bitcoin and ether options that expire each day of the week from May 22, pending regulatory review C…

Apr 17, 2023

Trade ideas thread - Tuesday, 18 April 2023

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders wou…

Apr 17, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 132.68; (P) 133.26; (R1) 134.35; More… Breach of 130.04 suggests that USD/JPY’s rebound from 129.26 is re…

Apr 17, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2361; (P) 1.2454; (R1) 1.2508; More… Intraday bias in GBP/USD remains neutral for consolidations below …

Apr 17, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0952; (P) 1.1014; (R1) 1.1055; More… Intraday bias in EUR/USD remains neutral for consolidation below 1…

Apr 17, 2023

Nikkei touches the highest since March 6, then backs off

Japanese stocks have fallen to unchanged on the session after climbing 0.4% at the open. The early high was the best level s…

Apr 17, 2023

New Zealand inflation data due this week - preview

New Zealand January - March quarter inflation data is due on Thursday at 10.45am New Zealand time. This is Wednesday 19 Apr…

Apr 17, 2023

China Defence Minister says China willing to work with Russia, strengthen coordination

China Defence Minister Li Shangfu reiterating his country's support for Russia's invasion of Ukraine: China is wil…

Apr 17, 2023

Weekend data: China's March new home prices rose at their fastest pace in 21 months

New home prices in March + 0.5% m/m February was +0.3% third consecutive monthly rise For the y/y, -0.8% prior -1.2% …

Apr 17, 2023

Recap of Bank of Japan Governor Ueda dovish comments - staying the course for now

Reuters popped up a piece over the weekend summarising Bank of Japan Governor Uedas' messaging to the barrage of meeting…

Apr 16, 2023

ECB's Lagarde (weekend comments): "narrow path" to navigate for global economic recovery

European Central Bank President Lagarde spoke in an interview with US TV on Sunday, CBS’ “Face the Nation”. Lagarde didn…

Apr 16, 2023

Trade ideas thread - Monday, 17 April 2023

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders wou…

Apr 16, 2023

Monday morning open levels - indicative forex prices - 17 April 2023

On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online. Prices are liable to…

Apr 16, 2023

Markets Week Ahead: S&P 500, Gold, US Dollar, Global Inflation Data, US Earnings Season

Global equity markets rose while the US dollar slipped in the past week on growing expectations that the US Federal Reserve …

Apr 16, 2023

G7 Communique highlights push to speed up energy transition. Eyes on copper

One of the great investment themes this decade is the green transition. It will involve incredible amounts of spending, gove…

Apr 16, 2023

Wheat futures price forecast: Analyzing the technicals and potential targets

In this article, we will explore wheat futures technical analysis and provide a price forecast based on current market trend…

Apr 16, 2023

MUFG trade of the week: Stay short USD/JPY, sell USD/CAD

MUFG Research maintains a short USD/JPY exposure (spot ref: 134:70) in its TOTW portfolio with a target at 129.00, and a sto…

Apr 15, 2023

Yellen says outflows from banking system have stabilized but what about within the system?

Deposit outflows from the banking system have stabilized. Things have been calm but monitoring carefully Bank lending stan…

Apr 15, 2023

S&P 500 technical analysis: Understanding the recent sell-off and forecasting future price

In this video, I look at the recent S&P 500 technical analysis and provide a price forecast based on the findings (spoil…

Apr 15, 2023

Forexlive Americas FX news wrap 14 Apr:Feds Waller/U of Michigan inflation send USD higher

Major US stock indices close lower but recover about half of the day declines Gold tumbles and falls back below $2000, but…

Apr 14, 2023

Major US stock indices close lower but recover about half of the day declines

The major US stock indices are closing the day lower but recovered nicely off of session lows. The final numbers are showin…

Apr 14, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0993; (P) 1.1031; (R1) 1.1084; More… A temporary top is formed at 1.1075 in EUR/USD with current retrea…

Apr 14, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 131.94; (P) 132.66; (R1) 133.31; More… Intraday bias in USD/JPY remains neutral for the moment as sideway…

Apr 14, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2489; (P) 1.2513; (R1) 1.2547; More… A temporary top is formed at 1.2545 with current retreat and intra…

Apr 14, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0993; (P) 1.1031; (R1) 1.1084; More… Intraday bias in EUR/USD remains on the upside for the moment. Up …

Apr 14, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2489; (P) 1.2513; (R1) 1.2547; More… Intraday bias in GBP/USD remains on the upside at this point. Curr…

Apr 14, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 131.94; (P) 132.66; (R1) 133.31; More… No change in USD/JPY’s outlook as range trading continues. Intrada…

Apr 14, 2023

NZ finmin Robertson says New Zealand might have a recession, a shallow one

New Zealand Finance Minister Grant Robertson spoke in an interview with CNBC: many economists are expecting a recession in…

Apr 13, 2023

ICYMI - ECB's Nagel said core inflation is very high, another rate hike coming in May

Bundesbank head, and thus a key member of the European Central Bank Governing Council, Joakim Nagel spoke with reporters on …

Apr 13, 2023

New Zealand data - BusinessNZ Manufacturing PMI for March 48.1 (prior 52)

New Zealand data, the BNZ – BusinessNZ Performance of Manufacturing Index (PMI) long-run average is around 53. March drops …

Apr 13, 2023

Bank of Korea Governor says not worried about a specific USD/KRW (won) rate

Bank of Korea Governor Rhee is speaking on Bloomberg TV. not worried about a specific USD/KRW (won) rate wanted to give a…

Apr 13, 2023

ICYMI - OPEC forecasts higher oil demand this year - implication is of a large shortfall

Justin had the news on this Thursday: OPEC leaves demand forecast unchanged but flags downside risks to summer outlook T…

Apr 13, 2023

S&P 500 Soars as Falling Inflation Boosts Fed Pause Hopes, Bank Earnings in Focus

The S&P 500 rallied and closed at its best level since mid-February, boosted by weaker-than-expected U.S. inflation data…

Apr 13, 2023

Economic calendar in Asia 14 April 2023 - Singapore's central bank statement

Data from New Zealand and Singapore and thats about it. Neither of the NZ data points are likely to move the New Zealand do…

Apr 13, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0935; (P) 1.0968; (R1) 1.1024; More… EUR/USD’s break of 1.1032 resistance indicate resumption of whole …

Apr 13, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0935; (P) 1.0968; (R1) 1.1024; More… Intraday bias in EUR/USD remains on the upside with focus now on 1…

Apr 13, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2424; (P) 1.2459; (R1) 1.2520; More… Immediate focus is now back on 1.2524 resistance as GBP/USD’s rebo…

Apr 13, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 132.58; (P) 133.31; (R1) 133.88; More… Intraday bias in USD/JPY stays neutral for the moment. On the upsi…

Apr 13, 2023

ICYMI - RBA Dep Gov Bullock spoke Wednesday - says April pause not driven by bank stress

Reserve Bank of Australia Deputy Governor Michele Bullock spoke yesterday. The main message of note from her was that the R…

Apr 13, 2023

North Korea has launched another ballistic missile

South Korean media (Yonhap) and Japanese Coast Guard both with the info. Missile launch towards the East Sea / Sea of Japan…

Apr 12, 2023

White House Brainard is seeing some signs of pulling back on credit - could help the Fed

Lael Brainard is director of the National Economic Council, spoke after the US CPI report: Banks have shown some signs of …

Apr 12, 2023

Trade ideas thread - Thursday, 13 April 2023

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders wou…

Apr 12, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 133.18; (P) 133.50; (R1) 134.01; More… With break of 132.92 minor support, intraday bias in USD/JPY turne…

Apr 12, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2385; (P) 1.2420; (R1) 1.2461; More… GBP/USD is still bounded in sideway consolidation from 1.2425. Int…

Apr 12, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0868; (P) 1.0898; (R1) 1.0943; More… Intraday bias in EUR/USD is back on the upside as rise from 1.0525…

Apr 12, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2385; (P) 1.2420; (R1) 1.2461; More… GBP/USD is still extending the consolidation pattern from 1.2524 a…

Apr 12, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0868; (P) 1.0898; (R1) 1.0943; More… Intraday bias in EUR/USD stays neutral as consolidation from 1.097…

Apr 12, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 133.18; (P) 133.50; (R1) 134.01; More… Intraday bias in USD/JPY is back on the upside as rebound from 129…

Apr 12, 2023

Lower house of Swiss parliament votes to reject the CHF109bn Credit Suisse rescue package

Swiss Lower House has voted to retrospectively reject the 109bn CHF rescue package for CS. On Tuesday the upper house app…

Apr 11, 2023

US CPI previews, BoA and JP Morgan both looking for strong core price pressures

Earlier preview is here: Goldman Sachs US CPI preview - wary of a scenario where S&P 500 will collapse at least 2% A…

Apr 11, 2023

Trade ideas thread - Wednesday, 12 April 2023

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts , views, ForexLive traders wo…

Apr 11, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 132.33; (P) 133.10; (R1) 134.37; More… Intraday bias in USD/JPY stays neutral with focus on 133.74 resist…

Apr 11, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2338; (P) 1.2390; (R1) 1.2436; More… Intraday bias in GBP/USD remains neutral as consolidation pattern …

Apr 11, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0823; (P) 1.0870; (R1) 1.0908; More… EUR/USD recovers today but stays inside range below 1.0972. Intrad…

Apr 11, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0823; (P) 1.0870; (R1) 1.0908; More… EUR/USD is staying in consolidation below 1.0972 and intraday bias…

Apr 11, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 132.33; (P) 133.10; (R1) 134.37; More… Focus stays on 133.74 resistance in USD/JPY. Firm break there will…

Apr 11, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2338; (P) 1.2390; (R1) 1.2436; More… GBP/USD is staying in consolidation from 1.2524 and intraday bias …

Apr 11, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2386; (P) 1.2421; (R1) 1.2452; More… GBP/USD’s retreat from 1.2524 extends lower today but stays well a…

Apr 10, 2023

Forexlive Asia-pacific FX news wrap: Yen slumps as we await Ueda's debut

New Bank of Japan Governor Ueda to hold inaugural press conference at 1015 GMT Australia, New Zealand and Hong Kong market…

Apr 10, 2023

Gold sinks through $2000 as a big week begins

It's inflation week in the United States and that means gold will be a major focus. So far, it's off to a bad start …

Apr 10, 2023

US Dollar May Keep Weighing on the Chinese Yuan if Exports Soften

An anticipated weakening in Chinese exports for the second quarter y/y could keep the US Dollar pressuring the Yuan. USD/CNH…

Apr 10, 2023

Australia, New Zealand and Hong Kong markets are closed today

Reminder: Today is Easter Monday and that will mean a glacial start to the week. The Easter Monday holiday is celebrated in…

Apr 10, 2023

USD/JPY runs higher as yields jump.More talk on the US unemployment rate

USD/JPY has extended today's gain to 30 pips and 132.43. USD/JPY initially opened lower but is now reacting to higher U…

Apr 10, 2023

Volatility May See Range Breaks across Markets but Trends Might be Short-Lived

Going into the second quarter, the macro environment for financial markets is characterized by stubbornly high inflation and…

Apr 10, 2023

Risk FX starts the new week soft but then rebounds

The late-Friday news that US regional bank First Republic was cutting its preferred dividend sparked some worry and many mar…

Apr 10, 2023

Markets in the Second Quarter: S&P 500, US Dollar, Gold, Crude Oil, Euro, Recession Woes

To some, how markets performed in the first quarter might have come as a surprise. But, is price action deviating away from …

Apr 9, 2023

US Dollar Q2 Fundamental Forecast: USD Weakness to Make Headway as Fed Abandons Hawkish Pledge

The U.S. dollar is likely to have a challenging second quarter as the Fed’s tightening campaign comes to an end and markets …

Apr 9, 2023

Oil Fundamental Forecast: WTI to Head Lower in Q2 as Fundamentals Weaken

OPEC forecasts a drop in global oil demand in Q2 as the Biden administration backtracks on SPR refills, effectively removing…

Apr 9, 2023

Euro Q2 Technical Forecast: EUR/USD Presents Attractive Price Action for Now

Despite retaining a positive bias in early 2023, EUR/USD has lacked strong bullish conviction. The outlook, however, could c…

Apr 8, 2023

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