Will the upcoming Australian CPI release reinforce the RBA’s monetary policy stance? Or will the inflation numbers convince policymakers to change their bias in their next meeting? Here’s what you need to know about the quarterly CPI report and how AUD usually reacts. This Article Is For Premium Members Only Become a Premium member for full…
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NZD/USD receives downward pressure as RBNZ is widely expected to deliver another 50-basis-point rate cut in November. The NZD could gain support from favorable results stemming from China’s initiatives, its largest trading partner. The US Dollar appreciates as recent positive economic data reinforces expectations for nominal rate cuts by the Fed. The NZD/USD pair steadies near 0.5980 during the…
The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate than expected is typically…
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It’s 9:00 pm. After a long day at work, Jimmy switches on his laptop and turns on the TV to catch the latest Wandavision episode. He’s in the mood to do a bit of scalping and he has decided to open a short GBP/JPY position. His trade is in the money at the moment, and he tells himself he’ll…
Komeito is the coaltion partner of the LDP. Komeito leader Keiichi Ishii lost his seat in the election, he’ll be resigning party leadership. Makes senses.! I posted on Japan’s election multiple times yesterday. ICYMI: ForexLive Asia-Pacific FX news wrap: Yen, oil both sharply lower This article was written by Eamonn Sheridan at www.forexlive.com.
The US dollar treaded water in the upper end of the range despite US yields extending their rebound to new multi-week highs, all ahead of key US data releases and growing speculation prior to the November 5 US election. Here is what you need to know on Tuesday, October 29: The US Dollar Index (DXY) alternated gains with losses…
The tech-heavy Nasdaq 100 ETF (QQQ) finds itself at a critical technical juncture just as tech giants prepare to release earnings! Will strong tech earnings fuel a sustained breakout above the rising wedge, or could any disappointments trigger a pullback to test buyer commitment? Check out these inflection points I’m watching on the 4-hour time frame: Nasdaq 100 ETF…
Crude oil futures are settling the day at $67.38. That is down -$4.40 or -6.13%. The low reached $66.94. The high price reached $68.84. The declines were in response to the limited Israeli retaliatory strike on Iran, which avoided oil facilities. However, there is other fundamental influences which can support or weaken prices going forward. Counter to the retaliation…