Latest Posts

Latest Posts

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2369; (P) 1.2432; (R1) 1.2471; More… Intraday bias in GBP/USD is turned neutral first with current reco…

May 19, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0739; (P) 1.0794; (R1) 1.0824; More… Intraday bias in EUR/USD remains on the downside and outlook is un…

May 19, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2369; (P) 1.2432; (R1) 1.2471; More… Intraday bias in GBP/USD remains on the downside for the moment. F…

May 19, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0808; (P) 1.0841; (R1) 1.0872; More… Intraday bias in EUR/USD remains on the downside as fall from 1.10…

May 18, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2436; (P) 1.2473; (R1) 1.2524; More… Intraday bias in GBP/USD remains neutral at this point. On the dow…

May 18, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 136.78; (P) 137.24; (R1) 138.18; More… Intraday bias in USD/JPY remains on the upside at this point. Deci…

May 18, 2023

Fed's Goolsbee says there's still some potential for a soft landing

Federal Reserve Bank of Atlanta President Raphael Bostic and Federal Reserve Bank of Chicago President Austan Goolsbee parti…

May 17, 2023

Australian Dollar Sinks with Dow Jones After US Retail Sales, Where to for AUD/USD?

The sentiment-linked Australian Dollar fell alongside the Dow Jones on Tuesday as solid US retail sales cooled Fed rate cut …

May 16, 2023

ICYMI - International Energy Agency raised its global demand outlook - China strong

Justin had the news on Tuesday: IEA warns latest oil price drop is running against backdrop of a supply crunch in 2H 2023 …

May 16, 2023

Deutsche Bank are still expecting a US recession to begin in Q4 this year

DB on their US recession call (this in summary), citing, amongst other indications: the aggressive rate hikes, curve inver…

May 16, 2023

Australian wage growth data due today is expected to show subdued growth (preview)

Q1 2023 Wage Price Index (WPI) data is due from Australia today at 11.30am local time 0130 GMT in the calendar snapshot be…

May 16, 2023

Economic calendar in Asia Wednesday, 17 May 2023 includes the Fed's Bostic speaking

At 19:00 US Eastern time, which is 2300 GMT as noted in the pic from the calendar below, Federal Reserve Bank of Atlanta Pre…

May 16, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0850; (P) 1.0870; (R1) 1.0870; More… Despite some loss of downside momentum as seen in 4H MACD, further…

May 16, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 135.73; (P) 136.02; (R1) 136.40; More… Intraday bias in USD/JPY stays mildly on the upside at this point.…

May 16, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2470; (P) 1.2503; (R1) 1.2560; More… GBP/USD is still staying in range of 1.2434/2678 and intraday bias…

May 16, 2023

Morgan Stanley says US debt ceiling debate is a "lose-lose for markets"

Morgan Stanley’s US equity strategist Michael Wilson says the the debate around raising the US government’s borrowing limit …

May 16, 2023

Weekly Australian Consumer Confidence survey 75.9 (prior 77.7), weakest since April 2020

Another ugly result for the weekly ANZ-Roy Morgan Australian Consumer Confidence survey. Inflation expectations remain abov…

May 16, 2023

US House Speaker McCarthy says not in a good place on raising debt ceiling

US House Speaker McCarthy says that he knows we are not in a good place on raising debt ceiling. - ps. The Biden meeting w…

May 15, 2023

North Korea has stolen US$721 million in Japanese cryptocurrency assets since 2017

Japanese media, Nikkei, has the report, citing a study by a U.K.-based Elliptic, that tracks and identifies money transfers …

May 15, 2023

Gold - Australian gold miner Newcrest Ltd said it supports Newmont takeover offer

Australian gold miner Newcrest Mining said on Monday it would back Newmont Corp's AUD26.2 bn takeover offer. Newcrest …

May 14, 2023

Coinbase says UK & Canadian Customers unable to sell or withdraw to Paypal (fix underway)

Coinbase reports: We're experiencing increased cancelled transactions for PayPal. Your funds are safe while our teams …

May 14, 2023

Turkish election update - with nearly 90% of votes counted Erdogan's vote is below 50%

Incumbent President Erdogan's vote in Turkey's Presidential vote is below 50%. Just under 90% of the vote have been…

May 14, 2023

Economic calendar in Asia - Monday, 15 May 2023 - Japan wholesale inflation indicator

It's a light session ahead for the data agenda. Japanese PPI for April is the highlight, it should give yen a wiggle as …

May 14, 2023

Weekend - G7 and European Union plan to ban restart of Russian gas pipelines

The Financial Times (gated) has the report, saying that the G7 and European Union will ban Russian gas imports on routes whe…

May 14, 2023

Turkish opposition party says a run-off vote for president is highly likely (May 28 date)

More on this: Turkish election update - with nearly 90% of votes counted Erdogan's vote is below 50% Note that if no…

May 14, 2023

Monday morning open levels - indicative forex prices - 15 May 2023

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

May 14, 2023

Markets Week Ahead: Gold, S&P 500, US Dollar; Powell, Debt Ceiling, Australia Jobs, Germany ZEW, China Data

Markets will be looking for cues from Fed Chair Jerome Powell after hawkish remarks from Fed officials raised doubts on …

May 14, 2023

Crude Oil Market Outlook Darkened by Debt Ceiling Debacle and Recession Risks

Crude oil prices are likely to remain subdued in the near term, with growing U.S. recession fears and the debt ceiling impas…

May 14, 2023

Most Commonly Asked Questions About Forex

Spin and Answer the Question Get a Free Analysis ( Your Lucky Pair as shown by the Pointer ) on Request How to Ans…

May 13, 2023
1

Americas FX news wrap 12 May: USD moves higher as flight to safety dominates

US stocks close lower. Dow down for 5 consecutive days Bitcoin trades to the lowest level since March 17 A snapshot of the…

May 12, 2023

US stocks close lower. Dow down for 5 consecutive days

The major US stock indices are ending the day lower. The Dow Industrial Average is closing down (only 0.03% but still lower…

May 12, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0878; (P) 1.0938; (R1) 1.0976; More… EUR/USD’s break of 1.0908 support indicates short term topping at …

May 12, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 133.93; (P) 134.39; (R1) 135.02; More… Intraday bias in USD/JPY stays neutral as consolidation from 133.4…

May 12, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2459; (P) 1.2550; (R1) 1.2603; More… Intraday bias in GBP/USD remains neutral and further rally is expe…

May 12, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0878; (P) 1.0938; (R1) 1.0976; More… EUR/USD recovered after trying to draw support from 1.0908 and int…

May 12, 2023

SUMMARY| Top Finance News Stories From Yesterday

• The Federal Deposit Insurance Corporation (FDIC) proposed that the largest U.S. banks pay the bulk of the cost of refil…

May 12, 2023

US Dollar, Japanese Yen Gain as US Jobless Claims Spook Markets. AUD/USD at Risk

The anti-risk US Dollar and Japanese Yen gained on Thursday as US jobless claims crept higher, spooking financial markets. A…

May 12, 2023

Deutsche Bank on the Bank of England rate hike - the Committee "remains divided"

ICYMI, the Bank of England overnight: ForexLive European FX news wrap: BOE delivers 25 bps rate hike as expected BOE'…

May 12, 2023

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