Well, but is he saying that it sort of did play a role in the decision today? Personally, I would think so. If they didn’t go with a rate hike today, the backlash after their intervention from earlier this month might have been quite brutal. The volatility in the yen continues to play out with […]
The Australian Dollar declines after the release of CPI data. Australia’s Monthly CPI rose by 3.8% YoY, easing from the 4.0% posted in May. The US Dollar extends losses ahead of the Fed interest rate decision scheduled for Wednesday. The Australian Dollar (AUD) falls against the US Dollar (USD) after the release of mixed Consumer […]
Investing.com– Most Asian currencies rose on Wednesday before more cues on interest rate cuts from the Federal Reserve, while the Japanese yen was volatile following mixed signals from the Bank of Japan. The Australian dollar was an exception among its regional peers, with the currency sliding to a three-month low after data showed mild easing […]
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
Definition of Order Book The Order Book is a fundamental component in financial trading that lists buy and sell orders for a particular asset. It organizes these orders by price level, showcasing the market’s supply and demand dynamics. In the context of Forex trading, the Order Book comprises pending or limit orders, such as buy […]
The Australian Monthly Consumer Price Index is foreseen at 3.8% YoY in June. Quarterly CPI inflation is expected to have risen at an annualized pace of 1% in Q2. The Reserve Bank of Australia will meet on August 6 to discuss monetary policy. The Australian Dollar retains its weak tone, trading against the USD at […]
The Bank of Japan statement is expected sometime in the 0230 to 0330 GMT time window this is 2230 – 2330 US Eastern time The Bank don’t have a firmly scheduled time for their policy announcements. Overnight was a leak: BOJ to discuss hike to 0.25% – report Another Bank of Japan leak says 0.25% […]
Mexican Peso slumps to weekly low of 18.81 as disappointing GDP data sparks USD buying. Mexican Q2 GDP growth at 0.2% QoQ, below estimates of 0.4%, trails Q1’s 0.3%. Economic slowdown increases odds of Bank of Mexico rate cut; next meeting on August 8. The Mexican Peso extended its agony and printed losses of more […]
The EURUSD has fallen below the 200-day MA at 1.08173, and preceded to extend lower on the technical break. However, once the price reached the 200 bar MA on the 4-hour chart and the 100-day MA between 1.07946 and 1.07994, the buyers have stalled the fall, and there is a modest bounce higher. That bounce […]
By Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Japan will retain its basic approach on the yen with intervention remaining an option to tackle excessively volatile moves in the exchange rate, the country’s new top currency diplomat Atsushi Mimura told Reuters. “Japan will act under internationally agreed commitments that exchange rates should be determined […]
Article written by Yeap Jun Rong – Market Strategist Singapore When does Coinbase Inc report earnings? Coinbase is set to release its quarter two (Q2) 2024 financial results on 1 August 2024, after the US market closes. Coinbase’s 2Q 2024 results – what to expect Key Metrics 2Q 2023 2Q 2024E YoY Growth % Total […]
Silver price becomes flat after the release of the better-than-expected US JOLTS Job Openings data for June. US employers posted fresh 8.18 million vacancies. The Fed is expected to leave interest rates steady for eighth straight time. Silver price (XAG/USD) surrenders its intraday gains and falls slightly below $28.00 in Tuesday’s New York session. The […]
