Forexlive Latest News

Forexlive Latest News

News

Not much on the data docket in European trading today

Not much on the data docket in European trading today

  • The spotlight is on USD/JPY and US data later today
Justin Low
Justin Low
Thursday, 25/04/2024 | 04:57 GMT-0
25/04/2024 | 04:57 GMT-0
News

US data comes into focus in the second half of the week

US data comes into focus in the second half of the week

  • A couple of notable releases for traders to work with in the days ahead
Justin Low
Justin Low
Thursday, 25/04/2024 | 04:48 GMT-0
25/04/2024 | 04:48 GMT-0
News

The line in the sand is shifting

The line in the sand is shifting

  • Buyers are dipping their toes in the water in pushing USD/JPY higher
Justin Low
Justin Low
Thursday, 25/04/2024 | 03:59 GMT-0
25/04/2024 | 03:59 GMT-0
Education
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FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

FBS

FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

  • Inflationary pressures make gold more attractive as a hedge against currency devaluation.
FBS
Wednesday, 24/04/2024 | 11:29 GMT-0
24/04/2024 | 11:29 GMT-0
News

ForexLive Asia-Pacific FX news wrap: USD/JPY moves higher again

ForexLive Asia-Pacific FX news wrap: USD/JPY moves higher again

  • Forex news for Asian trading on Thursday, 25 April 2024
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 03:46 GMT-0
25/04/2024 | 03:46 GMT-0
Central Banks

ANZ sticks to their forecast for a November 2024 interest rate cut from the RBA

ANZ sticks to their forecast for a November 2024 interest rate cut from the RBA

  • A November rate cut is the bank's base case, but the risk is later
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 03:14 GMT-0
25/04/2024 | 03:14 GMT-0
Central Banks

BOJ Governor Ueda will be keen to avoid the mistake of his predecessor, Kuroda, on Friday

BOJ Governor Ueda will be keen to avoid the mistake of his predecessor, Kuroda, on Friday

  • Ueda will be careful with his words at his press conference on Friday
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 02:52 GMT-0
25/04/2024 | 02:52 GMT-0
News

South Korea regulator head says does not know when to remove the short selling ban

South Korea regulator head says does not know when to remove the short selling ban

  • June was a likely date, but looks uncertain now
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 02:37 GMT-0
25/04/2024 | 02:37 GMT-0
Central Banks

Japan chief cabinet secretary Hayashi: rapid FX moves undesirable, ready for full response

Japan chief cabinet secretary Hayashi: rapid FX moves undesirable, ready for full response

  • While some of the comments are aggressive, they are nothing new
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 02:07 GMT-0
25/04/2024 | 02:07 GMT-0
GBPUSD ping pongs between technical levels
Central Banks

ECB Board member Schnabel speaks on monetary policy on Thursday

ECB Board member Schnabel speaks on monetary policy on Thursday

  • At an event to discuss policy transmission. Central banker remarks play a key role in this.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 01:59 GMT-0
25/04/2024 | 01:59 GMT-0
Education
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Animus Webs
Thursday, 04/04/2024 | 08:19 GMT-0
04/04/2024 | 08:19 GMT-0
News

JP Morgan's proprietary US Tactical Positioning Monitori points to promising S&P 500 setup

JP Morgan's proprietary US Tactical Positioning Monitori points to promising S&P 500 setup

  • Historically leading to 3% gains in 20 days.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 01:37 GMT-0
25/04/2024 | 01:37 GMT-0
Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1058 (vs. estimate at 7.2472)

PBOC sets USD/ CNY reference rate for today at 7.1058 (vs. estimate at 7.2472)

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 01:15 GMT-0
25/04/2024 | 01:15 GMT-0
Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2472 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 7.2472 – Reuters estimate

  • The rate the Bank sets will likely be on the 7.10 big figure
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 00:53 GMT-0
25/04/2024 | 00:53 GMT-0
Central Banks

The pace of the drop in the JPY not particularly alarming for the BOJ at this point

The pace of the drop in the JPY not particularly alarming for the BOJ at this point

  • Forget about sand lines.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 00:52 GMT-0
25/04/2024 | 00:52 GMT-0
Central Banks

Japan finance minister Suzuki says he won't comment on FX levels

Japan finance minister Suzuki says he won't comment on FX levels

  • Open mouth policy continues from Suzuki
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 00:32 GMT-0
25/04/2024 | 00:32 GMT-0
Central Banks

Potential Bank of Japan yen intervention on Friday: USD/JPY on the radar

Potential Bank of Japan yen intervention on Friday: USD/JPY on the radar

  • There are similarities with past interventions post meetings with G-7 counterparts and US officials.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 00:27 GMT-0
25/04/2024 | 00:27 GMT-0
Education
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XCAD Announces Multiple Governments’ Backing for New Initiative to Expand Web3 Education

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XCAD Announces Multiple Governments’ Backing for New Initiative to Expand Web3 Education

  • Education is the first step in bringing new people into the Web3 space.
XCAD Network
Wednesday, 27/03/2024 | 17:25 GMT-0
27/03/2024 | 17:25 GMT-0
Central Banks

Australia's inflation nightmare - Australia's inflation rate is the highest globally

Australia's inflation nightmare - Australia's inflation rate is the highest globally

  • The Reserve Bank of Australia is like a 'roo in the headlights
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 23:41 GMT-0
24/04/2024 | 23:41 GMT-0
News

Goldman Sachs raises Brent crude oil price forecasts for 2024 and 2025

Goldman Sachs raises Brent crude oil price forecasts for 2024 and 2025

  • Nudged up to $86/bbl and $82 from $85 and $80 previously
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 23:07 GMT-0
24/04/2024 | 23:07 GMT-0
News

Suez Canal shipping chaos: Iran-linked Houthi terrorist attacks spark inflation concerns

Suez Canal shipping chaos: Iran-linked Houthi terrorist attacks spark inflation concerns

  • UK data reveals a 66% drop in Suez Canal traffic due to Houthi attacks, causing delays and higher costs.
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 22:56 GMT-0
24/04/2024 | 22:56 GMT-0
Central Banks

US data focus for Monday - Q1 advance GDP - the range of expectations to watch (and why)

US data focus for Monday - Q1 advance GDP - the range of expectations to watch (and why)

  • Knowledge of these ranges is important for traders
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 22:36 GMT-0
24/04/2024 | 22:36 GMT-0
Central Banks

Czech central bank vice-governor sees a rate cut, perhaps as much as 50bp, at next meeting

Czech central bank vice-governor sees a rate cut, perhaps as much as 50bp, at next meeting

  • But does warn of services inflation
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 22:13 GMT-0
24/04/2024 | 22:13 GMT-0
News

Goldman Sachs are looking for a blockbuster Q1 GDP number, way higher than everyone else

Goldman Sachs are looking for a blockbuster Q1 GDP number, way higher than everyone else

  • TL;DR is +3.1 vs. 2.5% consensus
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 21:59 GMT-0
24/04/2024 | 21:59 GMT-0
Education
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Plus500 Launches an Upgraded Trading Academy for New and Experienced Traders

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Plus500 Launches an Upgraded Trading Academy for New and Experienced Traders

  • Trading Academy features new content to empower both beginner and expert traders.
Plus500
Wednesday, 27/03/2024 | 10:11 GMT-0
27/03/2024 | 10:11 GMT-0
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