New Zealand Card Retail Sales – for purchases made in New Zealand on debit, credit and store cards. In November -2.3% y/y For the mm/m, no change (ie 0% m/m) prior revised to +0.7% m/m (from +0.6) ** Card spending data covers around 68% of core retail sales in NZ. Its used as the main […]
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that the U.S. will “react strongly” when countries try to manipulate their currencies for competitive advantage, but at the moment there is not such market intervention. Yellen said in a live interview on Bloomberg Television that she does not see any […]
The Pound Sterling (GBP) recovers intraday losses and edges higher to near 1.2770 against the US Dollar (USD) in Wednesday’s North American session. The GBP/USD pair moves higher after the release of the United States (US) Consumer Price Index (CPI) data for November, which showed that inflationary pressures rose in line with expectations. Read More… GBP/USD extends its winning streak for the […]
The USDJPY continues to keep both buyers and sellers engaged in a tug-of-war. Following the CPI data release, the price dropped from just above the 200-bar moving average (MA) on the 4-hour chart at 153.79 to briefly break below the converged 100-bar MA on the 4-hour chart and the 200-day MA. However, neither of these […]
Bank of Canada (BoC) Governor Tiff Macklem speaks on the policy outlook and responds to questions from the press after cutting the policy rate by 50 basis points to 3.25% following the December meeting. BoC press conference key highlights “We anticipate a more gradual approach to monetary policy if economy evolves broadly as expected.” “Monetary […]
By Hannah Lang and Alun John NEW YORK/LONDON (Reuters) -The dollar was little changed on Wednesday after U.S. price data came in line with forecasts, reinforcing expectations the U.S. Federal Reserve will cut interest rates next week. The dollar was also boosted by a Reuters report China was considering allowing a weaker currency next year, […]
How to update and upgrade the API
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You have two choices The first choice is to just update and set to default settings. The second choice is to upgrade your api to the best version, i.e. gpt4, you just need to charge from this site and you only need to copy the url. Of course, I think you will be charged 5 […]
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) – High-level discussions in China about allowing its currency to weaken next year underscore the risk for investors and companies that big foreign exchange moves are coming as U.S. tariffs shift global trade and money flows, analysts said. Reuters reported on Wednesday that China was considering letting […]
In the fast-paced and ever-changing world of financial markets, traders are constantly on the lookout for the tools and information necessary to optimize their decision-making. One of the most critical aspects of trading is proper timing, which can have a significant impact on the outcomes of trades. In this article, we aim to address several […]
Fundamental Overview The US Dollar continues to consolidate around the highs although it’s stronger against the commodity currencies. In the bigger picture, the market reached the peak in the repricing of interest rates expectations, and it will need stronger reasons to price out the remaining rate cuts for 2025. In fact, despite lots of strong […]
US Dollar (USD) could test the 7.2400 level before a more sustained rebound is likely. In the longer run, current price movements are likely part of range trading, probably between 7.2400 and 7.2900, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. Current price movements are likely part of range trading 24-HOUR […]
There are just a couple to take note of on the day, as highlighted in bold. And they are both for EUR/USD at the 1.0490-00 levels. With sellers back in near-term control again as price action is below both the key hourly moving averages, it puts focus on the figure level – where price was […]
