forex for beginners
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New Zealand Treasury forecasts unemployment lower than earlier estimated, GDP growth aheadNew Zealand Treasury statement, pre-election economic and fiscal update: forecasts the jobless rate at 4.8% in 2023/24 vs. earlier at 5.0%...
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Australian monthly consumer confidence for September falls 1.5% m/m to 79.7Westpac - Melbourne Institute Consumer Confidence for September 2023 falls 1.5% from August to to dismal 79.7. Numbers under 100 mean that...
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Former IMF official rings alarm bell on US dollar - US needs to "get its act together"An interesting piece on what could bring down the USD: Whether the dollar retains its global role will depend not simply on the United States'...
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US wage rises continue - California fast food workers to get a $20 minimum wageI doubt this will impact the Federal Open Market Committee (FOMC) September decision, due on the 20th, but it all goes into the mix. Added - this...
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Australia data - ANZ Roy Morgan weekly consumer confidence 77.6 (prior 78.7)Australian Weekly ANZ Roy Morgan Consumer Confidence survey. ANZ comment: the recent upswing has hit a roadblock confidence has now printed...
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New Zealand retail sales indicator for August +0.7% m/m (prior 0.0%)New Zealand electronic card retail sales for August 2023: +0.7% m/m prior 0% +3.7% y/y prior +2.2% Card spending data covers around 68%...
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NZDUSD Technical Analysis - The pair is at a key supportUS: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency...
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ForexLive European FX news wrap: Dollar recovers some ground, eyes CPI data tomorrowHeadlines: Japan senior lawmaker says took Ueda's remarks to mean BOJ will continue with easing BOE's Breeden: The risks to inflation around...
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Bitcoin jumps as BOE policymaker says better to regulate crypto under financial servicesTo be fair though, there were a couple of light bids leading up to the sudden jump if you zoom in to the minute-chart. But the big spike came...
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AUDUSD Technical Analysis - Key levels in playUS: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency...
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US August NFIB small business optimism index 91.3 vs 91.9 priorThe reading is once again below the 49-year average of 98, with this being the 20th month in a row at that. NFIB does note that Q3 economic...
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BOE's Breeden: The risks to inflation around August forecast are to the upsideSees balanced risks to growth and unemployment in both directions Expects inflation to be around the 2% target in two years She's currently...
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USDCAD Technical Analysis - The pair is at a key supportUS: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency...
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The ECB will have to sell a hawkish pause if they do not hike this week, but can they?It's a tough call but the bottom line is that if the ECB is unsure that they have done enough on rate hikes, then this week is perhaps the last...
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Germany September ZEW survey current conditions -79.4 vs -75.0 expectedPrior -71.3 Expectations -11.4 vs -15.0 expected Prior -12.3 That's the lowest reading since August 2020 as the German economy continues to...
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Dollar keeps steadier to start the sessionMajor currencies are still mostly little changed as we settle down after the whole fuss with the Japanese yen, which was stirred up by BOJ...
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European equities open slightly higher to kick start the dayEurostoxx +0.2% Germany DAX +0.1% France CAC 40 +0.2% UK FTSE +0.2% Spain IBEX +0.3% Italy FTSE MIB +0.2% US futures are mostly little...
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USDJPY Technical Analysis - Watch the US dataUS: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency...
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Spain August final CPI +2.6% vs +2.6% y/y prelimHICP +2.4% vs +2.4% y/y prelim There is no change to the initial estimates but the core reading remains high at 6.1% year-on-year. That is just...
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UK August payrolls change -1k vs 97k priorPrior 97k; revised to -4k July ILO unemployment rate 4.3% vs 4.3% expected Prior 4.2% July employment change -207k vs -185k expected Prior...
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Germany August wholesale price index +0.2% vs -0.2% m/m priorPrior -0.2% Compared to a year ago, wholesale prices were seen down 2.7% and this marked the fifth consecutive decrease in the year-on-year...
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GBPUSD Technical Analysis - Watch this key resistanceUS: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency...
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FX option expiries for 12 September 10am New York cutThere aren't any significant expiries to take note of for the day. As such, trading sentiment will revolve around the risk mood and bond market...
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Japan senior lawmaker says took Ueda's remarks to mean BOJ will continue with easingUeda has said that exit from easy policy will be after achieving 2% price target Took his comments to mean that BOJ will continue with easing as...
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It's a slow one as we look towards European trading todayAfter all the fuss surrounding BOJ governor Ueda's remarks yesterday, markets are not really up to much in the new day. In the FX space, dollar...
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FX Sniper MT4 IndicatorIn the dynamic realm of forex trading, where split-second decisions can make or break a trade, having the right tools at your disposal is...
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Market Outlook for the Week of 25 - 29 SeptemberFollowing a bustling week with significant Central Bank decisions in the limelight, the upcoming week holds the potential for a quieter economic...