Blogs

<p>There aren't any major expiries to take note of for the day. As such, trading sentiment will continue to revolve around the same elements as we got from yesterday. The first of which will be the shift in the Fed rates outlook. The central bank said that a rate cut in March is not their […]

<p>The dollar is holding firmer as we start the day and that is putting pressure on other major currencies now. AUD/USD has not enjoyed a good time to start the year, not helped by China woes as well in recent weeks. But in the case of yesterday and today, the post-Fed reaction is the key […]

<p>The pair is now starting to crack under the 1.0800 mark in a firmer manner as we look towards European trading. The next key technical test will be the 100-day moving average (red line), seen at 1.0780 currently.</p><p>This comes as the dollar is keeping firmer across the board, extending gains from the post-Fed moves yesterday

<p>There are quite a few things at play in markets at the moment. For one, the dollar is firmer as the Fed notes that its supposed 'base case scenario' is not for a rate cut in March. EUR/USD is once again testing 1.0800 now ahead of European trading. However, Treasuries are doing their own thing […]

<p>There are plenty of mixed opinions about how the bank rate vote is going to pan out but one thing is for sure. That is the BOE is not going to make any changes to the bank rate today. It will remain at 5.25% as policymakers continue to deliberate their next steps. So, let's take […]

<p>The two big takeaways from the <a href="https://www.forexlive.com/centralbank/the-full-statement-from-the-january-fomc-rate-decision-20240131/" target="_blank" rel="follow">FOMC statement</a> and Powell's press conference were:</p><ol><li>The Fed will only cut rates when &quo

<ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-bought-the-smallest-amount-of-jgbs-in-january-since-june-last-year-20240201/">Bank of Japan bought the smallest amount of JGBs in January since June last year</a></li><li><a href="https://www.forexlive.com/news/xi-jinping-urges

<p>General Secretary of the Communist Party of China (CPC) Central Committee, Xi Jinping has weighed in with some motivational comments to fix China's economy:</p><ul><li>urged efforts to accelerate the development of "new productive forces" and firmly promote high-quality development</li></ul><

<p>This is effectively more economic stimulus, around $79 bln in tax benefits:</p><ul><li> makes it easier for more families to qualify for the child tax credit, while increasing the amount from $1,600 per child to $1,800 in 2023, $1,900 in 2024 and $2,000 in 2025</li><li>bill also includes some revived tax cuts

<p> China Vice Finance Minister</p> <ul><li>2023 tax and fee cuts, rebates totalled 2.2 trillion yuan</li><li>Expects fiscal revenue to continue to recover in 2024</li><li>Will maintain certain intensity in fiscal spending in 2024</li><li>Fiscal policy will help expand domestic demand</