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EUR/JPY Price Analysis: Extends its upside above 166.50 amid the overbought condition

Apr 24, 2024 | 23:40 pm

The EUR/JPY cross trades in positive territory for the fifth consecutive day during the early European trading hours on Thursday.

FX option expiries for Apr 25 NY cut

Apr 24, 2024 | 23:17 pm

FX option expiries for Apr 25 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0595 390m 1.0640 1.2b 1.0650 990m 1.0700 750m 1.0750 767m 1.0760 642m 1.0800 689m 1.0850 839m - GBP/USD: GBP amounts 1.2410 400m 1.2500 432m - USD/JPY: USD amounts 153.00 1.7b 154.00 1.2b 155.00 1.9b 155.25 441m 155.85 1.2b - AUD/USD: AUD amounts 0.6430 559m 0.6635 505m - USD/CAD: USD amounts 1.3650 379m 1.3750 457m .

Australian Dollar clings to a psychological level amid subdued US Dollar, US GDP eyed

Apr 24, 2024 | 23:08 pm

The Australian Dollar (AUD) edges higher for the fourth consecutive session on Thursday.

Eurostoxx futures -0.2% in early European trading

Apr 24, 2024 | 23:06 pm

German DAX futures -0.2%UK FTSE futures -0.1%European indices are not tech-heavy so the drag isn't as bad here. It mirrors the slightly softer mood overall, with Dow futures also marked down by 0.2%. Tech shares are the major laggard though following Meta's earnings disappointment. S&P 500 futures are down 0.7% while Nasdaq futures are down 1.3% as concerns surrounding big tech start to grow. This article was written by Justin Low at www.forexlive.com.

AUD/JPY rises amid weaker Yen, eyes on BoJ's policy decision

Apr 24, 2024 | 23:02 pm

AUD/JPY edges higher for the fourth consecutive session on Thursday.

Sweden Producer Price Index (YoY) climbed from previous -1.3% to -0.6% in March

Apr 24, 2024 | 23:00 pm

Sweden Producer Price Index (YoY) climbed from previous -1.3% to -0.6% in March

Sweden Producer Price Index (MoM) climbed from previous 0% to 0.6% in March

Apr 24, 2024 | 23:00 pm

Sweden Producer Price Index (MoM) climbed from previous 0% to 0.6% in March

Germany GfK Consumer Confidence Survey came in at -24.2, above expectations (-25.9) in May

Apr 24, 2024 | 23:00 pm

Germany GfK Consumer Confidence Survey came in at -24.2, above expectations (-25.9) in May

Germany May GfK consumer sentiment -24.2 vs -26.0 expected

Apr 24, 2024 | 23:00 pm

Prior -27.4; revised to -27.3German consumer sentiment is set to rise in the month ahead, backed mostly by an improvement in income expectations. The reading above is a two-year high but compared to historical levels, is still rather depressed. The breakdown shows that:Willingness to buy -12.6 (previously -15.3)Income expectations 10.7 (previously -1.5)Business cycle expectations 0.7 (previously -3.1) This article was written by Justin Low at www.forexlive.com.

EUR/USD Price Analysis: Moves above 1.0700, next barrier at 21-day EMA

Apr 24, 2024 | 22:47 pm

EUR/USD recovers its recent losses registered in the previous session, trading around 1.0710 during the Asian session on Thursday.

Despite bad headlines, Boeing stock Bounces on Q1 results

Apr 24, 2024 | 22:45 pm

It is hard to imagine a company enduring worse headlines last quarter than Boeing (NYSE:BA), but the embattled airplane manufacturer posted some unexpectedly positive news on Wednesday in the form of a decent earnings report.

Pakistan Gold price today: Gold falls, according to FXStreet data

Apr 24, 2024 | 22:38 pm

Gold prices fell in Pakistan on Thursday, according to data compiled by FXStreet.

CBA stock analysis and Elliott Wave technical forecast [Video]

Apr 24, 2024 | 22:33 pm

ASX: COMMONWEALTH BANK OF AUSTRALIA. - CBA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart).

Gold price remains confined in a range, $2,300 holds the key for bulls ahead of US GDP

Apr 24, 2024 | 22:31 pm

Gold price (XAU/USD) extends its consolidative price move above the $2,300 mark during the Asian session on Thursday as traders more cues about the Federal Reserve's (Fed) rate-cut path before placing fresh directional bets.

USD/INR gains momentum, all eyes on US GDP data

Apr 24, 2024 | 22:30 pm

Indian Rupee (INR) extends its downside on Thursday despite the decline of the US Dollar (USD).

USD/CHF holds below 0.9150, US GDP data looms

Apr 24, 2024 | 22:19 pm

The USD/CHF pair trades on a weaker note near 0.9145 during the early European session on Thursday.

Japanese Yen extends its descending trend, fresh multi-decade low and counting

Apr 24, 2024 | 22:10 pm

The Japanese Yen (JPY) extends its weakening trend further below the 155.00 psychological mark and drops to the lowest level since June 1990 against its American counterpart during the Asian session on Thursday.

Pound Sterling struggles to attract follow-through buying

Apr 24, 2024 | 22:04 pm

The GBP/USD pair consolidates its strong recovery gains registered over the past two days, from the 1.2300 mark or the YTD low set earlier this week and oscillates in a range during the Asian session on Thursday.

Japan Coincident Index up to 111.6 in February from previous 110.9

Apr 24, 2024 | 22:02 pm

Japan Coincident Index up to 111.6 in February from previous 110.9

Japan Leading Economic Index meets forecasts (111.8) in February

Apr 24, 2024 | 22:02 pm

Japan Leading Economic Index meets forecasts (111.8) in February

Not much on the data docket in European trading today

Apr 24, 2024 | 21:57 pm

On the two related focus points:The line in the sand is shiftingUS data comes into focus in the second half of the weekAs such, European trading today might not offer too much if Tokyo decides to let things be. USD/JPY is at 155.52 currently as buyers are slowly pushing the limit but the rest of the major currencies bloc is rather muted.That will keep things more interesting ahead of the US Q1 advance GDP data later.In other markets, equities are down after a more mixed performance yesterday. Meta earnings disappointed and are sparking renewed concern among investors, with tech shares leading the downside. S&P 500 futures are down 0.6% currently. So far, that's not leading to any broader risk off mood in markets just yet though.Looking to the session ahead, there isn't much on the data docket to really influence things. So, the spotlight will continue to stay on the above developments for the most part.0600 GMT - Germany May GfK consumer sentiment0645 GMT - France April business confidence1000 GMT - UK April CBI retailing reported salesThat's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there. This article was written by Justin Low at www.forexlive.com.

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

Apr 24, 2024 | 21:48 pm

With plenty of focus on USD/JPY, let's not forget about what else is driving markets at the moment. The softer US PMI data earlier this week continues the debate on Fed rate cuts for the year. And we'll have more data to add to the mix over the next few sessions. Here's the rest of the upcoming US data releases today and tomorrow:US Q1 advance GDP figures (25/04)US weekly initial jobless claims (25/04)US March pending home sales (25/04)US March PCE price index (26/04)University of Michigan April final consumer sentiment, inflation expectations (26/04)The two main ones are highlighted in bold.The GDP report later today will also feature the GDP deflator and PCE price reading. So, those are also related to inflation and could stir up some impact in broader markets.As for tomorrow, the PCE price index is the Fed's preferred measure of inflation. As such, that is one to pay attention to and might offer something for traders to work with before the weekend comes along. This article was written by Justin Low at www.forexlive.com.

NZD/USD rises to near 0.5950 on improved risk appetite

Apr 24, 2024 | 21:47 pm

The NZD/USD pair moves in the positive direction, trading around 0.5940 during the Asian session on Thursday.

GBP/USD Price Analysis: Acceptance above 23.6% Fibo. favors bulls ahead of US Q1 GDP

Apr 24, 2024 | 21:44 pm

The GBP/USD pair consolidates its strong recovery gains registered over the past two days, from the 1.2300 mark or the YTD low set earlier this week and oscillates in a range during the Asian session on Thursday.

The line in the sand is shifting

Apr 24, 2024 | 20:59 pm

It's about testing the waters now but the idea is not to get too carried away. That is the line of thinking among buyers in pushing USD/JPY higher above the 155.00 mark currently. The pair finally breached the figure level in US trading yesterday but there is no major overshoot yet. Right now, it is trading around 155.45 - its highest level since 1990.From a technical perspective, the April 1990 high only comes in at 160.40. That is arguably the next key level on the charts to watch. At the same time, it seems like the line in the sand is shifting as Japanese authorities are alluding to the 160 mark as being a more critical one than at 155.That being said, the pace of any decline in the yen is also a rather important factor in all of this. And that is also why USD/JPY buyers are being rather cautious to not overstep the boundary to trigger a reaction from Tokyo.In any case, we're less than 24 hours until the BOJ policy decision tomorrow. That is going to be one to be mindful of, especially Ueda's press conference. The language that he uses is going to be heavily scrutinised and will surely be a make or break moment for the yen this week.For now though, buyers are certainly dipping their toes in the water to see if the line in the sand has really shifted in USD/JPY. I reckon we'll only get confirmation on that tomorrow after the BOJ, and not before the market closes as well. This article was written by Justin Low at www.forexlive.com.

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

Apr 24, 2024 | 20:46 pm

ANZ sticks to their forecast for a November 2024 interest rate cut from the RBABOJ Governor Ueda will be keen to avoid the mistake of his predecessor, Kuroda, on FridaySouth Korea regulator head says does not know when to remove the short selling banJapan chief cabinet secretary Hayashi: rapid FX moves undesirable, ready for full responseECB Board member Schnabel speaks on monetary policy on ThursdayJP Morgan's proprietary US Tactical Positioning Monitori points to promising S&P 500 setupPBOC sets USD/ CNY reference rate for today at 7.1058 (vs. estimate at 7.2472)The pace of the drop in the JPY not particularly alarming for the BOJ at this pointJapan finance minister Suzuki says he won't comment on FX levelsPotential Bank of Japan yen intervention on Friday: USD/JPY on the radarAustralia's inflation nightmare - Australia's inflation rate is the highest globallyGoldman Sachs raises Brent crude oil price forecasts for 2024 and 2025Suez Canal shipping chaos: Iran-linked Houthi terrorist attacks spark inflation concernsUS data focus for Monday - Q1 advance GDP - the range of expectations to watch (and why)Czech central bank vice-governor sees a rate cut, perhaps as much as 50bp, at next meetingGoldman Sachs are looking for a blockbuster Q1 GDP number, way higher than everyone elseS&P 500 rate of earnings surprises the highest since Q3 2021BOA predicts USD/JPY surge to 160 as BoJ stands helplessA summary of the major earnings after the close. Chipotle, Ford higher. Meta gets hammeredLatest China crackdown ICYMI - brokers told to limit exposure to "snowball" derivativesServiceNow EPS $3.41 vs. $3.14 est. Revenues $2.60 billion vs.$2.59 billion estIBM EPS $1.68 vs $1.59. Revenues $14.46 billion vs $14.52B est.Chipotle EPS $13.37 vs $11.66 est. Revenues $2.70 billion vs $2.67B est.Forexlive Americas FX news wrap: USD/JPY cracks 155Meta Platforms EPS $4.71 vs $4.32 est. Revenues $36.46B vs $36.1B est.Trade ideas thread - Thursday, 25 April, insightful charts, technical analysis, ideas It was a light day for data and news flow.Yen was once again a focal point, with USD/JPY rising to 155.50 after breaking 155.00 during US time on Wednesday. We had some jawboning from Japanese officials that failed to halt the rise. The Bank of Japan meet on Friday, the statement (due some time around 0230 to 0330 GMT / 2230 to 2300 US Eastern time) will be followed a few hours later (0630 GMT / 0230 US Eastern time) by Bank of Japan Governor Ueda’s news conference. Speculation continues that there will be intervention, but that's been the case for months now. Ueda may well take the opportunity to sound a little more hawkish and support the yen in that way.Elsewhere across major FX the moves have been held to tight ranges awaiting UP GDP data on Thursday and PCE inflation on Friday.Gold dropped back under 2310. Meta’s stock price dived after its earnings announcement. The firm beat consensus expectations for both sales and earnings. Concerns included a lighter-than-expected sales forecast for the current quarter, and raised guidance for total expenses, citing infrastructure investments needed to support its "AI road map”. This article was written by Eamonn Sheridan at www.forexlive.com.

Elliott Wave analysis: S&P 500, Nasdaq 100 and top-tier stocks [Video]

Apr 24, 2024 | 20:29 pm

Today's focus on Meta Platforms, Amazon, and their impact on broader markets.

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

Apr 24, 2024 | 19:37 pm

Head of South Korea's market regulator says its difficult to say at the moment when to lift stock short selling banThe ban was announced back in November, with June floated originally as the potential end date:South Korea will re-impose a ban on short-selling shares at least until June This article was written by Eamonn Sheridan at www.forexlive.com.

Japan’s Hayashi: Won't comment on forex levels or forex intervention

Apr 24, 2024 | 19:06 pm

Japan's Hayashi Won't comment on forex levels or forex intervention.

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

Apr 24, 2024 | 18:37 pm

This comes via a Bloomberg article (gated) conveying info from JP Moprgan:their proprietary US Tactical Positioning Monitor, which measures clients’ exposure to US equities, hit a level that reflects an “attractive set-up” for the snp500the gauge has historically gained approximately 3% in the subsequent 20 days after a similar four-week change in positioning, compared to circa ~1% gain in all periods. Bloomberg add that their own info shows investors have pulled around US$200 million out of value based exchange-traded funds this month:growth stocks have attracted more than US$3 billion in inflows This article was written by Eamonn Sheridan at www.forexlive.com.

WTI loses traction below $82.50, concerns over Middle East fade

Apr 24, 2024 | 18:30 pm

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 on Thursday.

PBoC sets USD/CNY reference rate at 7.1058 vs 7.1048 previous

Apr 24, 2024 | 18:17 pm

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1058 as compared to the previous day's fix of 7.1048 and 7.2472 Reuters estimates.

EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data

Apr 24, 2024 | 17:36 pm

The EUR/USD pair hovers around the 1.0700 psychological level on Thursday during the early Asian session.

Japan Foreign Investment in Japan Stocks fell from previous ¥1740B to ¥-492.4B in April 19

Apr 24, 2024 | 16:50 pm

Japan Foreign Investment in Japan Stocks fell from previous ¥1740B to ¥-492.4B in April 19

USD/CAD rebounds above 1.3700, investors await US GDP data

Apr 24, 2024 | 16:47 pm

The USD/CAD pair extends its recovery around 1.3705 during the early Asian trading hours on Thursday.

AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDP

Apr 24, 2024 | 16:23 pm

The Aussie Dollar finished Wednesday’s session with decent gains of 0.15% against the US Dollar, yet it retreated from weekly highs of 0.6529, which it hit after a hotter-than-expected inflation report.

USD/JPY finds its highest bids since 1990, approaches 156.00

Apr 24, 2024 | 16:22 pm

USD/JPY broke into its highest chart territory since June of 1990 on Wednesday, peaking near 155.40 for the first time in 34 years as the Japanese Yen continues to tumble across the broad fx market.

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

Apr 24, 2024 | 16:07 pm

Goldman Sachs has lifted its H2 2024 and 2025 Brent crude oil price forecasts higher:US$86/bbl and $82/bbl respectivelyfrom previously at $85 and $80In a note Tuesday Goldman Sachs said it expects further moderation in the still-elevated geopolitical risk premium of $5-10 per barrel for crude oil in the coming monthsstill holds a range-bound viewsees a build in landed crude inventories over the past month as crude oil on water unloads on land “Inventories are rising in our tracking of OECD landed stocks—a key driver of oil prices—as large prior builds of oil on water (partly as a result of Red Sea rerouting) are now unloading on land, reducing physical tightness.”Oil price update: This article was written by Eamonn Sheridan at www.forexlive.com.

GBP/USD snaps the two-day winning streak above 1.2450, eyes on US GDP data

Apr 24, 2024 | 16:05 pm

The GBP/USD pair snaps the two-day winning streak near 1.2460 amid the modest rebound of the US Dollar (USD) on Thursday during the early Asian session.

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

Apr 24, 2024 | 15:56 pm

UK data shows that shipping traffic through the Suez Canal artery in Egypt has plunged by 66%. This is due to cargo forced to divert due to attacks on vessels by Iran-backed Houthi terrorists. Sky News reports on data from the UK's Office for National Statistics (ONS)data from mid-December to the begining of AprilFor financial markets the implication of this is on inflation - fears that higher costs for insurance, fuel and wages risk stoking a fresh wave due to so many vessels diverting the long way around the southern tip of Africa. This adds up to 14 days to transit times. This article was written by Eamonn Sheridan at www.forexlive.com.

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

Apr 24, 2024 | 14:59 pm

The US GDP reading, Q1 preliminary, is due at 8.30 US Eastern time on Thursday, 25 April 2024. Goldman Sachs are forecasting 3.1%, from 2.5% previously and well above consensus at 2.5%. Analsyst at the bank cite:strong personal consumptionstrong labor market, pointing to March payrolls +303,000 & unemployment down to 3.8%industrial production +0.4% (March also) ***Get your crash helmet ready for S&P 500 if the number is Goldman Sachs' 3.1!Earlier:Goldman Sachs shifted their June Federal Open Market Committee (FOMC) call from the June meeting to the July meeting. This article was written by Eamonn Sheridan at www.forexlive.com.

S&P 500 rate of earnings surprises the highest since Q3 2021

Apr 24, 2024 | 14:40 pm

A snippet from UBS analysts on US stocks, looking for the strongest quarterly earnings growth in over two year. UBS acknowledge that earnings season is still ongoing, but so far earnings are beating estimates by over 8% (8.3%) in aggregate. Q3 2021 was 9.7%, this quarter is the best since then. UBS project Q1 earnings will improve further as more come in:"on pace for 9.3%, assuming the historical beat rate of 4.8% for the rest of this season" This article was written by Eamonn Sheridan at www.forexlive.com.

A summary of the major earnings after the close. Chipotle, Ford higher. Meta gets hammered

Apr 24, 2024 | 13:30 pm

ServiceNow Inc: Shares down -4.85%Adj. EPS: $3.41, beating expectations of $3.14Revenue: $2.60 billion, beating expectations of $2.59 billionChipotle Mexican Grill Inc: Shares are higher by +3.36%Adj. EPS: $13.37, beating expectations of $11.68Revenue: $2.70 billion, beating expectations of $2.67 billionInternational Business Machines Corp. Shares of their -6.03%.Adj. EPS: $1.68, beating expectations of $1.60Revenue: $14.46 billion, missed expectations of $14.55 billionLam Research Corp: Shares are down -0.55%Adj. EPS: $7.79, beating expectations of $7.30Revenue: $3.79 billion, beating expectations of $3.72 billionMeta Platforms Inc. Shares are tumbling -12.09%.EPS: $4.71, beating expectations of $4.32Revenue: $36.46 billion, beating expectations of $36.16 billionQ2 2024 Revenue View: $36.5-39 billion, The midpoint is lower than the markets estimateFY24 Capex View: $35-40 billion, higher than expectations of $34.73 billionFord Motor Co: Shares are up 2.08%Adj. EPS: $0.49, beating expectations of $0.42Revenue: $42.80 billion, beating expectations of $40.10 billion This article was written by Greg Michalowski at www.forexlive.com.

Latest China crackdown ICYMI - brokers told to limit exposure to "snowball" derivatives

Apr 24, 2024 | 13:23 pm

China is taking steps to regulate the derivatives market, targeting "snowball" derivatives.Authorities have instructed some of the largest brokerages to halt any increase in their net exposure to over-the-counter derivatives involving domestic A shares, including snowball products.Snowballs have seen a surge in interest.While the restrictions are said to be temporary no indication was given for an end date on curbs. Snowball derivatives, which function similarly to exotic options, offer bond-like coupons (but much higher) if the stock index remains within a certain range, with potential returns increasing the longer the investment is held. This article was written by Eamonn Sheridan at www.forexlive.com.

ServiceNow EPS $3.41 vs. $3.14 est. Revenues $2.60 billion vs.$2.59 billion est

Apr 24, 2024 | 13:20 pm

ServiceNow earnings are out:EPS $3.41 versus $3.14 estimate. BEAT..Revenues $2.60B vs $2.59 billion estimate. BEATShares of ServiceNow are trading down $36.13 or -4.84% at $710.16 This article was written by Greg Michalowski at www.forexlive.com.

Chipotle EPS $13.37 vs $11.66 est. Revenues $2.70 billion vs $2.67B est.

Apr 24, 2024 | 13:16 pm

Chipotle expectations:Revenue: $2.7 billion versus expectations of $2.67 billionEPS: $13.37 versus expectations of $11.66Shares of AAA are training up $123 or 4.21% at $3050.09 This article was written by Greg Michalowski at www.forexlive.com.

IBM EPS $1.68 vs $1.59. Revenues $14.46 billion vs $14.52B est.

Apr 24, 2024 | 13:16 pm

EPS: $1.68 vs $1.59 estimateRevenues: $14.46 billion vs $14.52 billion estimateIBM confirmed that they entered an agreement to acquire HashiCOrp for $35 per share or $6.4 billionShares of IBM are trading down $7.10 or -3.86% as markets react to the acquisition. This article was written by Greg Michalowski at www.forexlive.com.

Meta Platforms EPS $4.71 vs $4.32 est. Revenues $36.46B vs $36.1B est.

Apr 24, 2024 | 13:06 pm

Meta Platforms expectations:EPS: $4.71 vs $4.32 estimate. A year ago, EPS was at $2.20. Revenue: $36.46 billion vs $36.1 billion.estimate A year ago revenues were at $28.64 billion.Q2 $36.50 to $39B. Estimate $38.29 billionTotal expense range to $96 to $99 billion versus 94 billion estimateExpects capital expenditures will be in the range of $35-$40 billion. The market was expecting $34.7 billion. Capital expenditures are expected to increase next year as wellAdvertising revenue 35.635 main dollars versus $28.101 million last yearThe price of Meta was at $209.47 before the April 2023 earnings. The current after hours price is trading down $-52 or -10.62% at $441.62 as markets react to the higher expenses and Q2 average estimate for revenues below the markets average. This article was written by Greg Michalowski at www.forexlive.com.

Forexlive Americas FX news wrap: USD/JPY cracks 155

Apr 24, 2024 | 13:06 pm

Canada February retail sales -0.1% vs +0.1% expectedAtlanta Fed Q1 GDPNow 2.7% vs 2.9% priorBOC Minutes: Agreed taht any monetary policy easing would probably be gradualSpanish Prime Minister Pedro Sanchez says he's suspending public dutiesUS sells $70 billion of five-year notes at a high yield of 4.659%EIA weekly US oil inventories -6368K vs +825K expectedDavid EInhorn (Greenlight Capital) says investors don't care about value investingMarkets:WTI crude oil down 40-cents to $82.92US 10-year yields up 4.8 bps to 4.66%GOld flat at $2321S&P 500 flatAUD leads, JPY lagsAnother big round number has given way in USD/JPY and marked a fresh high dating back to 1990. The market was flirting with 155 in Asia and early European trading and then finally broke through at the start of US trading. It was helped by earlier comments from an LDP official that they weren't currently contemplating intervention. The initial probe above 155.00 was shortlived but the retracement held at 154.75 and there was no sign of a real fight. So a second push came later, taking it as high as 155.37.The Canadian dollar was also lively following a weaker February and March advance retail sales report. The numbers suggest a weakening consumer and that helped boost the pair by 40 pips to 1.3725.However there was a late-day slide in the US dollar that helped to lift the pound to a session high and the euro back to unchanged. That came despite a broader rise in sovereign yields. That was something of a curious move that appeared to originate in Europe and included a 13 bps rise in Italian 10s. Those moves did fade some what later in the day, in part due to an ok US 5-year sale. Tomorrow we get 7s to round out the weekly slate.More importantly will be tomorrow's US GDP report and weekly initial jobless claims data. This article was written by Adam Button at www.forexlive.com.

S&P and NASDAQ close higher for the third consecutive day

Apr 24, 2024 | 13:02 pm

The broader S&P and NASDAQ index closed higher for the third consecutive day. The gains were modest ahead of key earnings starting with Meta Platforms after the close. Chipotle, ServiceNow, IBM, Lam research are all scheduled to release after the close today.For the rest of the week:Other key earnings this week:Thursday: American Airlines, Caterpillar, Southwest, Bristol-Myers Squibb. After close Microsoft, Alphabet, Intel, Western Digital, T-Mobile, Gilead.Friday: Exxon Mobil, Chevron, Colgate-Palmolive.The final numbers today show:Dow industrial average down -42.57 points or -0.11% at 38461.04S&P index rose 1.11 points or 0.02% at 5071.67NASDAQ index rose 16.11 points or 0.10% at 15712.75Russell 2000 index fell -7.21 points or -0.36% at 1995.42 This article was written by Greg Michalowski at www.forexlive.com.

Trade ideas thread - Thursday, 25 April, insightful charts, technical analysis, ideas

Apr 24, 2024 | 13:00 pm

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.

Economic calendar in Asia Thursday, 25 April 2024 - a light one

Apr 24, 2024 | 13:00 pm

The calendar is light.A couple of things to note for the session ahead are:1. USD/JPY has popped above its latest 'line in the sand' (the sand blew away again) @155.00. Expect verbal intervention from Japanese officials again today. This will present dip buying opportunities, yet again. 2. It's a national holiday in Australia for ANZAC Day, markets are closed. ANZAC stands for Australian and New Zealand Army Corps. Anzac Day falls on the 25th of April each year. The 25th of April was officially named Anzac Day in 1916. On the 25th of April 1915, Australian and New Zealand soldiers formed part of the allied expedition that set out to capture the Gallipoli peninsula. These became known as Anzacs.The meaning of Anzac Day today includes the remembrance of all Australians killed in military operations. (more info here) This article was written by Eamonn Sheridan at www.forexlive.com.

Meta Platforms, ServiceNow and Chipotle report after the close. What to expect?

Apr 24, 2024 | 12:31 pm

Meta Platforms expectations:EPS: Expected to be $4.32. A year ago, EPS was at $2.20. That is a gain of 96%Revenue: Projected at $36.1 billion. A year ago revenues were at $28.64 billion. That represents a gain of 26.0%Daily Active Users (DAUs): Expected to be 2.12 billionMonthly Active Users (MAUs): Forecasted to be 3.09 billionLast quarter, Meta initiated a $0.50 per share dividend and increased its stock buyback authorization by $50 billion.The price of Meta was at $209.47 before the April 2023 earnings. The current price is at $492.35. That is a gain of 135%. Chipotle expectations:Revenue: Projected at $2.67 billion, an increase of 12.9% from $2.37 billion in Q1 2023.EPS: Expected to be $11.66, up 11.1% from $10.50 in Q1 2023.Same-Store Sales Growth: Anticipated to be 5.13%.Menu Price Increases: Estimated at 2.87%.Transactions Growth: Projected to grow by 3.03%.Average Check Growth: Expected to increase by 2.00%.Digital Sales Growth: Forecasted to be 3.39%.New Restaurant Openings: Chipotle plans to open between 285 to 315 new restaurants in 2024, conditional on avoiding worsened delays related to developers, permits, inspections, and utilities.The price of Chipotle was at $1780 just before Q1 2023 earnings. It's currently chairs trade at $2938.90. The stock is up 65.10%. A lot is priced in. I love the food and options and especially love that 1 bowl feeds both my wife and I and is relatively healthy alternative. ServiceNow expectations. EPS: The expectations for earnings-per-share of $3.13. That is up from $2.37 a year ago. That is a gain of 32.06% from a year agoRevenues: Revenues are expected at $2.59 billion versus $2.096 billion a year ago. That's a gain of 23.56%.The price of ServiceNow has moved from a $442 a year ago, to the current price of $748 for a gain of 69.23%. This article was written by Greg Michalowski at www.forexlive.com.

No help from the inventory data as WTI crude settles down 55 cents

Apr 24, 2024 | 11:39 am

WTI crude oil traded in a $1.25 range today and initially traded higher briefly on weekly US inventory data before fading afterwards. I think that you need to go back to yesterday to get some of the context of the rally. There was a big intraday rally in oil that looks to me like the private inventory numbers leaked (which is common).That was compounded when today the EIA reported a 6.3 million barrel draw compared to a 0.8m build expected and oil jumped and then dropped. Zoom out and oil is about where it was at the start of the week. I take that as something of a win for the bulls, given the declining Middle East tensions.If oil can continue to consolidate for another week or two above $80, then there's a good chance the bulls take a run at $90. This article was written by Adam Button at www.forexlive.com.

Steady buying pulls US equities back higher

Apr 24, 2024 | 11:04 am

The intraday swings in equities in the past two weeks have been tough to manage and that's been the case again today. Stocks opened higher then were beaten down, in part due to rising Treasury yields.However the tide has turned since the 5-year sale of Treasuries came in close enough (0.4 bps tail). The bids have been non-stop since then, pulling the index 30 points from the lows.I wouldn't expect any break in the volatility from here with Meta, IBM, Ford and Chipotle among the names reporting after the bell. This article was written by Adam Button at www.forexlive.com.

Aussie dollar trades below US$0.65

Apr 23, 2024 | 17:00 pm

AUD - Australian dollar The Australian dollar is stronger this morning when valued against the Greenback currently trading at US$0.6480 at the time of writing. The Aussie dollar continues its upward trajectory for the second consecutive session on Tuesday, buoyed by improved risk appetite. On the data front yesterday Australia's Judo Bank Purchasing Managers Index (PMI) Composite rose to a 24-month high of 53.6 in April compared to the previous month's 53.3. The Australian private sector ticked up into an accelerated pace of growth in the second quarter bolstered primarily by Services sector growth. Australia's Manufacturing PMI Output rose to an eight-month high of 49.1 compared to March's 45.7, brushing off a 2-month low of 54.2 in the Services Business Activity compared to March's 54.4. Looking ahead today the Australian Bureau of Statistics will release the latest Consumer Price Index (CPI) which is expected to increase from 0.6% to 0.8% for the last quarter. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Finally, on Friday we will see the release of the Producer Price Index (PPI). There will be no commentary tomorrow due to the Anzac Day public holiday. Key Movers The pound bounced back from US$1.2300 in Tuesday’s early session as the S&P Global/CIPS posted stronger-than-expected United Kingdom preliminary Services PMI data for April. Surprisingly, the Services PMI jumped to 54.9 from the prior reading of 53.1. Investors forecasted the Services PMI to drop slightly to 53.0. The preliminary Manufacturing PMI, surprisingly contracted, remains below the 50.0 threshold that separates expansion from contraction after expanding in March. The factory PMI falls sharply to 48.3 from expectations and the prior reading of 50.3. Looking ahead to the rest of this week investors will shift focus to the core Personal Consumption Expenditure Price Index (PCE) data for March, which will be published on Friday. The monthly core PCE Price Index is estimated to grow steadily by 0.3%. Annually, the underlying inflation data is expected to soften to 2.6% from 2.8% in February. The US Dollar Index (DXY) is trading softly at 105.70 tallying daily losses on Tuesday's session. Investors will be keeping an eye on vital economic reports due this week, including the preliminary figures of Q1’s Gross Domestic Product (GDP) Growth Rate and the Personal Consumption Expenditures (PCE) Price Index from March to gain further insight into the economy's health. During Tuesday’s session, S&P PMIs came in lower than expected and made the USD face selling pressure. US Treasury bond yields are dwindling with the 2-year yield at 4.93%, the 5-year yield at 4.61%, and the 10-year yield at 4.58%. Expected RangesAUD/USD: 0.6400 - 0.6600 ▲AUD/EUR: 0.5950 - 0.6150 ▲GBP/AUD: 1.9050 - 1.9250 ▼AUD/NZD: 1.0800 - 1.1000 ▲AUD/CAD: 0.8750 - 0.8950 ▼

Aussie dollar trades back above US$0.64

Apr 22, 2024 | 17:00 pm

AUD - Australian dollar The Australian dollar is stronger this morning when valued against the Greenback, currently trading at 0.6446 at time of writing. The Aussie dollar yesterday fared better than most of its rival counterparts against the Greenback partly because commodities, which Australia is a major exporter of, are holding their value better than expected. The supportive effect may not last, however, since Iron Ore, which is Australia’s largest export, could be peaking and about to roll over. The Australian dollar may encounter challenges ahead, particularly as domestic inflation continues to moderate, aligning with the Reserve Bank of Australia's (RBA) latest forecasts. Furthermore, the persistently tight labour market could lead to calls for an RBA rate reduction before the year's end. On the data front, today we will see the release of the Purchasing Managers' Index (PMI). On Wednesday, the Australian Bureau of Statistics will release the latest Consumer Price Index (CPI), which is expected to increase from 0.6% to 0.8% for the last quarter. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Finally on Friday we will see the release of the Producer Price Index (PPI). Key Movers US equities on Monday opened higher in the early going, but there have been frequent bouts of strength in the latest six-day losing streak that have ultimately been overwhelmed by sellers. In early trading, the index is up 20 points, or 0.45%, which is a tad softer than futures indicated. 10-year US Treasury yields jump to 4.64% as Federal Reserve (Fed) policymakers argue that the current restrictive monetary policy framework is appropriate given strong labor demand and stubbornly higher price pressures. On the data front, the Chicago Fed National Activity Index (CFNAI) rose to +0.15 in March from +0.09 in February. Two of the four broad categories of indicators used to construct the index increased from February and two categories made positive contributions in March. The Chicago Fed's National Activity Index is a monthly indicator designed to gauge overall economic activity and related inflationary pressure. The personal consumption and housing category's contribution to CFNAI was -0.01 in March, down from +0.02 in February, the Chicago Fed said on Monday. Looking ahead for the rest of the week and Federal Reserve officials will begin its blackout period ahead of the May 1 meeting. However, April PMIs and housing data will be released by S&P Global. Expected RangesAUD/USD: 0.6350 - 0.6550 ▲AUD/EUR: 0.5950 - 0.6150 ▲GBP/AUD: 1.9050 - 1.9250 ▼AUD/NZD: 1.0800 - 1.1000 ▲AUD/CAD: 0.8750 - 0.8950 ▼

Aussie dollar trades below US$0.64

Apr 21, 2024 | 17:00 pm

AUD - Australian dollar The Australian dollar is weaker this morning when valued against the Greenback currently trading at 0.6411 at the time of writing. The Aussie dollar fell on Friday below 0.6400 as riskier assets faced pressure due to heightened geopolitical risk across financial markets. Last week on the local front Australia's unemployment rate rose slightly to 3.8 per cent after 6600 jobs were lost in March, a stronger-than-expected result that will likely end any chance of a mid-year interest rate cut. The jobless rate, revealed today by the Australian Bureau of Statistics, is only a marginal increase on last month's surprisingly low figure of 3.7 per cent and slightly better than market forecasts of a larger rise to 3.9 per cent. A tight labour market means the Reserve Bank is unlikely to pull the trigger on an interest rate cut until towards the end of the year. Looking ahead to this week and today we will see the release of the Flash Manufacturing PMI. A survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. On Wednesday the Australian Bureau of Statistics will release the latest Consumer Price Index (CPI) which is expected to increase from 0.6% to 0.8% for the last quarter. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Finally, on Friday we will see the release of the Producer Price Index (PPI). Key Movers The US dollar Index (DXY) is currently trading at 106.09, a mild loss from its recent peak of 106.35. Despite this, the index remains geared toward testing its November 1 high of 107.10. The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength that is driving the economy. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 212,000 for the week ended April 13, the Labor Department said on Thursday. Labor market resilience, together with elevated inflation have led financial markets and some economists to expect that the Federal Reserve could delay cutting interest rates until September. A few economists doubt that the U.S. central bank will lower borrowing costs this year. The Pound Sterling tumbled against the US dollar during the mid-North American session on Friday after a volatile trading day due to geopolitical risks. The GBP/USD currently trades at 1.2367, down 0.49%. British Retail Sales showed signs of stagnation during the European session in March compared to February’s reading. Analysts were expecting sales to grow 0.3% MoM, which came at 0%, while core sales tumbled from 0.3% to -0.3%. On an annual basis, the Office for National Statistics (ONS) revealed that sales rose by 0.8%, which is up from a drop of -0.3% in February. Expected RangesAUD/USD: 0.6300 - 0.6500 ▼AUD/EUR: 0.5900 - 0.6100 ▼GBP/AUD: 1.9150 - 1.9350 ▲AUD/NZD: 1.0800 - 1.1000 ▲AUD/CAD: 0.8700 - 0.8900 ▼

Aussie slides on prospect of US rate hike

Apr 18, 2024 | 17:00 pm

AUD - Australian dollar The AUD is lower this morning having given up a quarter percent amid higher US treasury yields and a hawkish Federal Reserve. Domestic employment data did little to move the AUD with unemployment rate edging higher, up to 3.8%, yet holding onto most of the decline seen in February when the rate fell from 4.1% to 3.7%. If we exclude January as a seasonal outlier the unemployment rate has tracked below 4% through the last two years, suggesting there is resilience within the labour force despite signs employment growth is stalling. This latest print does little to alter market expectations for RBA monetary policy and we are still looking toward a possible cut in Q4. Having tracked between US$0.6440 and US$0.6450, the AUD then fell through overnight trade amid the prospect of a potential US rate hike. Fed policy makers made clear that if inflation remained sticky and the data indicated a rate hike was needed to bring inflation back to target then that is what they would do. Having slipped below US$0.6420 the AUD tracked sideways into this morning’s open and currently trades at US$0.6419. With no domestic data on hand to drive direction we look to Japan CPI and UK retails sales as the only items of note on the macroeconomic calendar. US yields will continue to determine direction and we anticipate the AUD will remain on the back foot next week. Key Movers The US dollar is stronger this morning having reversed losses suffered through trade on Wednesday amid hawkish Fed commentary and a general risk-off tone. Yields pushed higher after NY Fed President and FOMC member Williams suggested another rate hike was not out of the question, stating “monetary policy is in a good place, I am in no hurry to cut interest rates and if the data are telling us that we need higher interest rates to bring inflation back to target then we obviously want to do that”. With USD again on the front foot, the euro slid back below 1.0650, while sterling gave up 1.2450 and the yen again gave up 154.50 and appears poised to break through 155. US treasury Secretary Yellen and the Finance Ministers of Japan and Korea met to discuss the recent and sharp depreciation of the yen and the won, offering a joint statement acknowledging the US would not stand in the way of any official currency intervention. Upon release of the statement the yen tracked higher, but Treasury yields carried the day and the USD recovered losses and is back near 154.70 on open this morning. Our attentions turn now to Japanese CPI data and UK retail sales data as the only tier one data headlining an otherwise quiet macroeconomic calendar. Expected RangesAUD/USD: 0.6380 - 0.6500 ▼AUD/EUR: 0.6000 - 0.6100 ▼GBP/AUD: 1.9250 - 1.9500 ▲AUD/NZD: 1.0820 - 1.0920 ▼AUD/CAD: 0.8800 - 0.8900 ▼

Forex Today: Stocks Tumble – Sell in May and Go Away?

Apr 18, 2024 | 00:27 am

Stocks Make Deepest Pullback in Months; Precious Metals Remain Strong; Dollar Weakens After G7 Statement; Several Trends May Be Reversing

AUD finds support as market ignores risk off tone

Apr 17, 2024 | 17:00 pm

AUD - Australian dollar The Australian dollar outperformed through trade on Wednesday, pushing back against recent losses to break above US$0.6450. Commodity currencies were well supported as currency markets ignored a broader risk-off mood and instead forced the USD lower amid a steady fall in treasury yields across the curve. With the USD on the back foot, the AUD found support in higher iron ore prices and stability across the Chinese yuan daily fixing. PBOC officials set a rate largely unchanged from the week's earlier downward revision helping stabilise the yuan and limiting the negative spillover into the AUD as a proxy. Reports of increased activity across China’s steel mills help drive a 5.5% increase in iron ore prices and a break back above $115, adding a floor under the AUD at US$0.64 for the day. Our attention now turns to domestic labour market data for March. Stability across the employment landscape will give the RBA confidence in maintaining the current policy setting and may lend support to the AUD ahead of US jobless claims and commentary from 3 key Fed officials. Key Movers The euro was the day's notable outperformer Wednesday up half a percent and back through 1.0650, marking session highs at 1.0670. European Central Bank President Christine Lagarde paved the way for the Euro advance, suggesting there were clear signs of a euro area recovery and that the Bank was closely monitoring the exchange rate and its potential impact on the euro and inflation. While euro bonds fell, US treasuries also retreated and markets appeared content in ignoring a broader risk-off tone, forcing the USD lower against most major counterparts. UK yields rallied after a stronger-than-expected UK CPI inflation print, driven by a surprise uptick in services inflation. While Governor Bailey suggested he expected a significant correction in next month’s numbers, market pricing for BoE policy change barely shifted with a first full cut not priced in until September, leaving August an outside chance should policymakers choose to move early. Sterling edged higher against the USD, pushing back above 1.2450, yet falling short of a break above 1.25. Our focus now turns to US jobless claims and commentary from key ECB and Fed officials. Expected RangesAUD/USD: 0.6380 - 0.6500 ▲AUD/EUR: 0.6000 - 0.6100 ▼GBP/AUD: 1.9200 - 1.9500 ▼AUD/NZD: 1.0800 - 1.0900 ▲AUD/CAD: 0.8800 - 0.8900 ▲

Bitcoin Halving: Will it Trigger a Market Frenzy?

Apr 17, 2024 | 04:41 am

Bitcoin is all over the news, as “Bitcoin halving” is expected to occur on Friday, April 19. What is Bitcoin halving and how will it affect the price of Bitcoin?

Forex Today: US Yields Rise on Powell Cut Delay Signal

Apr 17, 2024 | 02:00 am

Fed Chair Powell Says Inflation Falling Too Slowly; Israel Hints at Soft Retaliation, Crude Oil Weaker; USD/JPY Reaches New 34-Year High at ¥154.79; UK CPI Higher Than Expected; Bitcoin Close to Halving

Forex Today: Stock Markets See Strong Selling

Apr 15, 2024 | 23:10 pm

Global Stock Markets Firmly Lower; Israel Signals Retaliation Likely Soon; USD/JPY Reaches New 34-Year High at ¥154.44; Energies, Precious Metals Firm; Markets Await Canadian CPI Data

Forex Today: Risk Sentiment Improves as Mideast Tension Lowers

Apr 15, 2024 | 00:51 am

Immediate Retaliation Against Iran Unlikely; USD/JPY Breaks Out to New 34-Year High Near ¥154; Market Await US Retail Sales Data

Forex Today: US Monthly CPI Unchanged, Triggers Hawkish Shift on Rate Cuts

Apr 10, 2024 | 23:28 pm

US CPI data released yesterday showed the annualized rate rising higher than expected to 3.5%.

US Inflation Higher Than Expected, Accelerates to 3.5%

Apr 10, 2024 | 09:37 am

US inflation for March rose 3.5% year-on-year. This was higher than expected and the US dollar is higher following the inflation release.

Forex Today: US CPI Expected to Show Slower Monthly Increase

Apr 9, 2024 | 23:43 pm

US CPI data will be released today, with the market expecting a slower pace of monthly increase.

Forex Today: Gold Makes New Record at $2,354

Apr 7, 2024 | 23:24 pm

Metals Rise Strongly to New Highs; USD/JPY Likely to Retest 34-Year High at ¥152; Crude Oil, Gasoline Futures Pull Back From Highs

Forex Today: Gold Beats $2,300

Apr 4, 2024 | 00:08 am

Spot Gold has continued to rise to new all-time high prices.

Forex Today: Gold Makes New Record at $2,288

Apr 2, 2024 | 22:27 pm

Precious Metals Rise Firmly to New Highs; Fed’s Daly Expects 3 Rate Cuts in 2024; USD/JPY Remains Close to 34-Year High Near ¥152; Crude Oil Breaks Higher; Eyes on Cocoa Futures After Spectacular Gains

German Inflation Eases to 3-Year Low

Apr 2, 2024 | 07:54 am

Germany’s CPI climbed 2.2% year-on-year in March, down from 2.7% in February and matching expectations. This is the lowest inflation rate since May 2021.

Forex Today: Yen Nears Record Low, Markets Await Possible BoJ Intervention

Apr 1, 2024 | 23:20 pm

USD/JPY Advances Close to 34-Year High Near ¥152; US Dollar Stronger on Firm US Manufacturing Data; Crude Oil Breaks Higher; Eyes on Cocoa Futures After Spectacular Gains

Forex Today: Gold Hits $2265 Per Ounce

Mar 31, 2024 | 23:13 pm

Gold Reaches Record High in Asian Session; USD/JPY Remains Below Record High Near ¥152; Strong Chinese Manufacturing Data; Eyes on Cocoa Futures After Spectacular Gains

United States GDP Expanded in Fourth Quarter by 3.4%

Mar 28, 2024 | 07:44 am

US GDP rises 3.4%, Canada GDP rebounds; US dollar steady, while stock markets show little movement following the announcement.

Forex Today: Fed’s Waller: No Rush to Cut Rates, Prospect of Hikes Remote

Mar 28, 2024 | 01:25 am

US Fed’s Waller Reiterates Ongoing Fed Message of Slow Path to Rate Cuts; USD/JPY Remains Below Record High Near ¥152; Cocoa Futures Make Another Record High Close; Gold Also Makes Record High Closing Price

Forex Today: Japanese Yen Hits 34-Year Low

Mar 27, 2024 | 00:13 am

USD/JPY Hits Record High Near ¥152, Japanese Officials Try to Talk Up Yen; Cocoa Futures Surpass $10,000 to Hit All-Time High; Aussie CPI Unchanged

Forex Today: Cocoa Futures Break $9,000 for Record High

Mar 26, 2024 | 00:38 am

Cocoa Futures Gain 8% in a Day; US Stocks, Gold Remain Bullish; Japanese Officials Try to Talk Up Yen; Bitcoin Rises Above $70k Despite Record Crypto Fund Outflows

United States Federal Reserve Holds Interest Rates, Remains Cautious

Mar 21, 2024 | 04:26 am

The Federal Reserve left interest rates unchanged for a fifth straight time at its meeting on March 20. The US dollar fell against the major currencies following the announcement.

Forex Today: Fed Says 3 Rate Cuts in 2024, Stocks, Gold Boom

Mar 21, 2024 | 00:07 am

Fed Gives Dovish Surprise by Forecasting 3 Cuts in 2024; Markets Await BoE, SNB; Gold, Stock Markets Reach Record Highs; Japanese Yen Regains Ground; Bitcoin Pares Losses; UK CPI Falls

Forex Today: Markets Await FOMC Meeting

Mar 20, 2024 | 00:06 am

FOMC Expected to Leave Rate at 5.50%; Japanese Yen Continues to Fall After BoJ; Bitcoin Weaker; Markets Await UK Inflation Data, New Zealand GDP

Forex Today: Bank of Japan Ends Negative Interest Rates

Mar 19, 2024 | 00:26 am

BoJ Makes First Rate Hike Since 2007, Japanese Stocks Rally, Yen Weakens; RBA Leaves Rates at 4.35%; Cocoa Futures Slightly Lower After Record High Yesterday; Bitcoin Weaker; Markets Await Canadian Inflation Data

Forex Today: Markets Expecting First BoJ Rate Hike in 17 Years

Mar 18, 2024 | 00:19 am

90% Expect BoJ to Ditch Negative Rates Policy Tuesday, Japanese Stocks Rallying; Bitcoin Rising After Another Record High Thursday; Cocoa Futures Roar Ahead With Dramatic Gains

Forex Today: Markets Await US PPI

Mar 14, 2024 | 00:24 am

US PPI Expected at 0.2%; Bitcoin Makes Another Record High Above $73,000; Cocoa Futures Roar Ahead.

Forex Today: US Inflation Ticks Higher to 3.2%

Mar 12, 2024 | 23:29 pm

US CPI Rises Unexpectedly; S&P 500 Makes Record High Close; Bitcoin Makes All-Time High Above $73,000

US Inflation Rises Unexpectedly to 3.2%

Mar 12, 2024 | 07:02 am

The US consumer price index (CPI) climbed 3.2% year-on-year in February, up from 3.1% in January and above the market estimate of 3.1%.

Forex Today: Markets Expecting Unchanged US Inflation Data

Mar 12, 2024 | 01:03 am

US CPI Seen at 3.1%; Bitcoin Hits New Record Below $73,000; Gold’s Bullish Momentum Starts to Pause

Forex Today: Gold, Bitcoin Looking Bullish Near Friday’s Record Highs

Mar 11, 2024 | 00:17 am

Gold, Bitcoin Advancing Again; Yen Higher on Japanese Rate Hike Bets and GDP Growth

ECB Maintains Interest Rates, Revises Lower Inflation Forecast

Mar 7, 2024 | 14:06 pm

The European Central Bank (ECB) maintained its deposit rate at a record high of 4.00% at today’s policy meeting. This decision was widely expected, and the Euro’s response has been muted.

Forex Today: Gold Makes New Record High Above $2161

Mar 6, 2024 | 23:41 pm

Gold Powers to New All-Time High; Powell Says Inflation Progress Not Assured; Japanese Rate Hike Seen Likely as Wages Rise; Bank of Canada Holds Rates; Markets Await ECB Meeting

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