<p>The rapid drop in the yen is likely to be met by some sort of attempt at verbal intervention from Japan's Ministry of Finance and/or the Bank of Japan and/or senior government officials. </p><p>These could come along at any time now, today, tomorrow, it won't take much to trigger them. </p><p>Along the lin
Blogs
Forexlive Americas FX news wrap 17 Jan: Better retail sales push the USD/Yields higher.
<ul><li><a href="https://www.forexlive.com/news/oil-private-survey-of-inventory-shows-headline-build-vs-draw-that-was-expected-20240117/">Oil – private survey of inventory shows headline build vs. draw that was expected</a></li><li><a href="https://www.forexlive.com/centralbank/the-feds-wi
New Zealand December Food Price Index -0.1% m/m (prior -0.2%)
<p>While core inflation is usually the most focus, the FPI in New Zealand can give the kiwi $ a bit of a wiggle from time to time. </p><p>—</p><p>The New Zealand Food Price Index (FPI) is a measure of the changes in the average price of food items sold in New Zealand.</p><ul><li>calculated and p
Asian Economic Calendar: Key Events and Consensus Expectations for 18 January 2024
<p>The item of most note on the data calendar for the session ahead is the Australian Laour Market report for December 2023. The November report showed:</p><ul><li>another massive rise in jobs</li><li>the 'participation rate' – i.e folks in the workforce or looking for work, also rose</li>&l
Trade ideas thread – Thursday, 18 January, insightful charts, technical analysis, ideas
<p>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: </p> This article was written by Eamonn Sheridan at www.forexlive.com.
Credit Agricole: Two key risks for GBP ahead
<p>Credit Agricole evaluates the British Pound, focusing on two significant risks that could impact its performance in the near future.</p><p>Key Risks:</p><ol><li><p>Contrast Between GBP Strength and UK Economic Data:</p><ul><li>There is a notable discrepancy between the recent surge in G
The Fed's Williams doesn't comment on moentary policy in speech
<p>The Fed blackout is on Friday at midnight but it sounds like Williams is starting early. The last speech on Friday will be from Daly so that will be one to watch.</p> This article was written by Adam Button at www.forexlive.com.
New Zealand December house prices -0.7% y/y — REINZ
<ul><li>Prices unchanged in December y/y</li><li>Prices down 0.7% y/y</li></ul><p>The latest drop in NZD isn't going to keep the foreign money out.</p> This article was written by Adam Button at www.forexlive.com.
Comments from NY Fed President John Williams coming up next
<p>Williams isn't usually shy to weigh in on the economy. He's speaking at 3 pm ET at an event called 'An economy that works for all: Measurement matters'.</p><p>The idea is equitable growth so he might stay away from monetary policy. Here's the primer from the NY Fed:</p><blockquote>On Wednesd
Crude oil futures settle at $72.56 and near the high for the day
<p>The price of the WTI crude oil futures are settling at $72.56. That is up $0.16 or 0.22%. The low for the day reached $70.50. The-high for the day reached $72.70.</p><p>Yesterday the price settled at $72.40. The initial move today was to the downside as China data led to expectations of slower growth and lower […]