forex for beginners
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US initial jobless claims dropped back to 242k, below expectationUS initial jobless claims dropped -22k to 242k in the week ending May 13, below expectation of 260k. Four-week moving average of initial claims...
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BoE Bailey not seeing balance sheet returning to pre-financial crisis levelsIn his remarks to the Treasury Committee, BoE Governor Bailey commented that he does not foresee the BoE’s balance sheet returning to...
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Dollar Extends Rally, Gold Breaks Key SupportDollar continues to power up today, as traders are rethinking Fed’s policy path ahead. The odds of a hold at June 14 FOMC meeting has...
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Fed Insider Timiraos: Fed members suggest June rate rise will be a close callFed insider/watcher from the WSJ Nick Timiraos is out with an article outlining comments from Fed to Logan from this morning where she said "We...
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Feds Collins: Falling minority unemployment rates promising for the economyA headline comment from Fed Collins (non-voting member) is being broadcast. The Boston Fed President says: Falling minority unemployment rates...
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Feds Jefferson: inflation is too high. Impact of hikes not fully feltFed's Jefferson is now speaking and says: inflation is too high and by some measures progress is slowing, but a year is not long enough to feel...
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Feds Logan: Data at this time does not support skipping rate hike at the next meetingDallas Fed President Logan is expected to speak later but the text of her speech is being leaked out. CNBC is reporting: Data at this time does...
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The USDJPY breaks to the upside after Fed Logan commentsThe USDJPY is trading and breaking to the upside after Fed's Logan said that the data does not support a pause in June. The move to the upside...
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EURUSD falls below KEY support targetsThe EURUSD is breaking to the downside and in the process is falling below its key 100 day moving average currently at 1.0805. The 50% midpoint of...
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US leading index for April -0.6% vs -0.6% expectedPrior month -1.2% The Conference Board Leading Economic Index® (LEI) for the U.S. fell by 0.6% in April 2023 to 107.5 (2016=100), following a...
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The major stock indices are trading mixed in early US tradingThe barbell of the major stock indices is back in play today with the Dow Industrial Average lower. The S&P near unchanged, and the NASDAQ...
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US initial jobless claims 242K vs 254K estimatePrior month Initial jobless claims 242K versus 254K estimate 4-week MA of the initial jobless claims 244.25K versus 245.25K last month...
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US May Philly Fed -10.4 versus -19.8 expectedPrior -31.3 Philly Fed business index -10.4 versus -19.8 expected six-month index -10.3 versus -1.5 last month capital expenditures index...
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Canada new housing price index for April -0.1% versus -0.1% estimatePrior month 0.0% New housing price index -0.1% versus -0.1% estimate This article was written by Greg Michalowski at...
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US Debt default could trigger recession, Harris and Brainard warnU.S. Vice President Kamala Harris and senior White House economic adviser Lael Brainard (ex-Vice Chair of the Federal Reserve) say unless the debt...
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AUD - Citi expect an RBA pause in June and another hike by August. Bearish AUD/NZD.This is via the folks at eFX. For bank trade ideas, check out eFX Plus . For a limited time, get a 7 day free trial, basic for $79 per...
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US and Taiwan have reached an initial agreement on a "21st Century" trade agreementThe Office of the United States Trade Representative (USTR) says the US and Taiwan have reach an initial agreement on what they are referring to...
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Forexlive Americas FX news wrap 18 May: Fed's Logan leans toward a June hikeS&P index closes just below the key 4200 level Poll shows most analysts expect a +25bp RBNZ rate hike on May 24 Mexico central bank...
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UBS sees three reasons to buy goldGold fell on Thursday. If you like it UBS Global Wealth Management outline three reasons to buy. 1. Central bank demand should remain robust...
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S&P index closes just below the key 4200 levelThe major US stock indices are closing solidly higher with the NASDAQ index leading the way with a gain of 1.51%. The S&P index is also up...
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Poll shows most analysts expect a +25bp RBNZ rate hike on May 24Via Reuters polling on expectations for the Reserve Bank of New Zealand Official Cash Rate (OCR) ahead. The next meeting of the RBNZ is on...
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Economic calendar in Asia Friday, 19 May 2023 - Japan inflation data for AprilJapanese national-level CPI data is the highlight on the calendar. The Tokyo-area CPI for April rose above March levels, and remained above...
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Trade ideas thread - Friday, 19 May 2023Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and...
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USDCHF test 38.2% retracement or 2023 trading rangeThe USDCHF ran to the upside with the broader dollar buying and the pair moved up to a high price of 0.9062. That took the price just above the...
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Mexico central bank leaves benchmark interest rate unchanged at 11.25%Mexican central bank keeps rates unchanged at 11.25%, as expected Mexican Central Bank (MCB) points out downside risks, including a...
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Canadian CPI Preview: Forecasts from five major banks, inflation likely to ease againStatistics Canada will release April Consumer Price Index (CPI) data on Tuesday, May 16 at 12:30 and as we get closer to the release time, here are th
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USD Index gives away gains and drops to 101.40 on soft CPIThe greenback sets aside two daily gains in a row and returns to the 101.40/30 band when tracked by the USD Index (DXY) on Wednesday. USD Index appear
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AUDUSD falls back below the 200 day MAThe AUDUSD fell sharply today after an initial move higher found will sellers vs the 100 day MA. The subsequent fall has now taken the price below...
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AUD/JPY Technical: Potential Push Up Within a Major RangeTwo conflicting fundamental factors are driving the short-term movement of the Aussie dollar. RBA’s hawkish rhetoric has provided a potential...
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Exploring the Surging Interest of Retail Investors in Cryptocurrency in 20232023 has seen a striking increase in interest from retail investors as a result of cryptocurrency's ability to draw in investors from all around...
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AUD/USD slides amidst US economic resilience, weaker Chinese dataAUD/USD retraces from daily highs of 0.6709 and drops 0.62% after a slew of economic data from the United States (US) showed that the economy remains
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Gold Prices Tepid Despite Lower Yields Post-CPI. Is the Bullish Case Over?Gold prices retreat despite falling U.S. Treasury yields following softer-than-expected U.S. inflation data, but the fundamental outlook remains...
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FX Majors Weekly Outlook (15-19 May)UPCOMING EVENTS: Tuesday: UK Labour Market, US Retail Sales, Canada CPI. Thursday: Australian Labour Market, US Jobless Claims. Friday: Fed...
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CAD board chairman announces resignationLou Svetlik’s resignation could be accepted following a discussion between CAD board members, Chief Appraiser Keri Wickliffe said. The board...