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People's bank of china sets usd/ cny reference rate today at 7.1987 (vs. estimate 7.2893)
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...
Pboc loan prime rates (lpr) cut: 1-year 3.45% (prior 3.55%) & 5 year 4.2% (prior 4.20%)
A cut to the one-year rate of 10bp vs. 15 that was widely expected. And no cut to the 5 year rate at all. Thats a shock. ---Background to this is here...
Usd/cad consolidates above the 1.3500 area, canadian retail sales, jackson hole eyed
Market players will focus on the Canadian Retail Sales, Federal Reserve (Fed) Chairman Jerome Powell Speaks. Read Full Story at source (may require re...
Eurusd daily analysis – august 21, 2023
EURUSD has experienced a continued decline, starting from 1.1065 and reaching a low of 1.0844. The current trend indicates that the price is expected ...
Brent: china's weak economy & property debt implosion is weighing, but oil use holding up
Chinese economic data has been disappointing. Last week we had:China July Industrial production +3.7% y/y (expected 4.5%) & Retail sales +2.5% (4.8%)A...
Xrp news: ripple’s forecast brightens as sec backs off security designation
The SEC’s unexpected acknowledgment: XRP, a non-security, reshapes the forecast for Ripple amidst lawsuit tensions. The post XRP News: Ripple’s Fo...
Gbp/usd: uk housing price, employment clues prod pound sterling bulls above 1.2700, focus on jackson hole
GBP/USD remains sidelined after snapping four-week downtrend. UK Rightmove House Price Index, employment survey from Adjuna prods Cable buyers. Hawkis...
Automotive engineering services market shifts gears with tech demand: projected to be worth us$ 3.2 billion by 2033 | future market insights, inc.
The growth of the Automotive Engineering Services Market is being propelled by rising demand for technological solutions such as connectivity and coll...
Usd/chf gains momentum above the 0.8800 mark, eyes on the swiss trade data, fed’s powell
USD/CHF surges above the 0.8800 barrier, bolstered by the upbeat US economic data. The People’s Bank of China (PBOC) would arrange financial support...
Goldman sachs is not expecting a strong signal from federal reserve chair powell this week
Federal Reserve Chair Powell is speaking later this week at the Kansas Fed's Jackson Hole symposium. Note for diary & preview - Powell to speak at 10 ...
Nzd/usd remains in a defensive mood above the 0.5900 mark following new zealand trade data
NZD/USD remains on the defensive near 0.5925, up 0.25 on the day. New Zealand Trade balance recorded a deficit of $15,810B in July YoY compared with a...
Gbp/usd: will reach the 1.2995 resistance level?
An uptrend will start as soon, as the market rises above resistance level 1,2818, which will be followed by moving up to resistance level 1,2995. The ...
Eur/usd remains depressed below 1.0900, us/eu pmi, ecb’s lagarde and fed’s powell eyed
EUR/USD stays defensive at the lowest level since early July after declining for five consecutive weeks. Mixed EU data, risk aversion joined challenge...
Mufg stays short eur/usd in its trade of the week - targeting a drop under 1.08
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 month and premiu...
Jim cramer on how to navigate the august pullback in equities markets
It sure didn’t take long to forget the halcyon days of early summer, did it? We came into August with a full head of steam – and then we found our...
Bitcoin booms and crypto conundrums
A plethora of issues divide opinion in 2023, but there are few more polarising subjects than cryptocurrencies. Read Full Story The post Bitcoin booms ...
Could eur/usd drop to the 1.0635 level?
An uptrend will start as soon, as the market rises above resistance level 1,0912, which will be followed by moving up to resistance level 1,1095. The ...
New zealand july exports dropped on the month while imports rose
New Zealand data for July of 2023.Exports 5.45bn NZDImports 6.56bn NZDNew Zealand dollar not a lot changed, down a few tics to around 0.5928 This arti...
Wall street journal fed insider timiraos expects higher fed 'neutral' rate ahead
Nick Timiraos in the Wall Street Journal over the weekend says to expect higher rates ahead. Despite the Federal Reserve’s raising interest rates to...
Previewing the week ahead in financial markets. tl;dr version is nvda earnings vs. powell
A couple of previews posted on ForexLive over the weekend of what's ahead:Weekly Market Outlook (21-25 August)Newsquawk week ahead: Jackson Hole, PBoC...
How bitcoin works
Miners, hashes, keys, cold storage, blocks—it can all get confusing. Learn more about it all so that you can understand how Bitcoin works beyond a w...
Nzd/hkd technical analysis
Get a NZD HKD forecast – strong Buy, Buy, strong Sell, Sell or Neutral signals and access a detailed NZD HKD technical analysis through moving avera...
Goldman sachs expect 15bp rate cuts from the people's bank of china today
The People's Bank of China will be cutting loan prime rates today, from earlier:Economic calendar in Asia - People's Bank of China rate decision dueLa...
Icymi - japan to boost the minimum wage, "largest increase" ever
The Bank of Japan is keen to see rising wages to help cement inflation at or above its 2% target. The latest data shows CPI well above 2%, and indeed ...
Icymi - nomura slashed their china gdp forecast for 2023 to 4.6% (from 5.1%)
Nomura revised its economic growth forecast for China this year to 4.6% from its previous projection at 5.1%Citing weak data for July (out last week) ...
Here is why bitcoin will continue having bad days
Bitcoin’s notorious volatility has resurfaced, much to the consternation of investors. This unpredictable behavior had taken a brief hiatus but retu...
Emmi reports good result for the first half of 2023
Emmi Management AG / Key word (s): Half Year Results Emmi reports good result for the first half of 2023 18-Aug-2023 / 07:00 CET/CEST Release of an ad...
Weekend - the pboc met with bank executives and told lenders, again, to boost loans
Representatives from the People's Bank of China and other Chinese financial market regulators met with bank executives over the weekend and instructed...
Economic calendar in asia - people's bank of china rate decision due
I posted a heads-up to the PBOC decision last week. Its due around 0115 GMT, which is 9.15 pm US Eastern time. Last week we had rate cuts from the Peo...
Trade ideas thread - monday, 21 august 2023
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discu...
Monday morning open levels - indicative forex prices - 21 august 2023
Good morning/afternoon/evening and welcome to the new forex week!On a Monday morning, market liquidity is very thin until it improves as more Asian ce...
Pomerantz law firm announces the filing of a class action against shift4 payments, inc. and certain officers – four
NEW YORK, Aug. 20, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Shift4 Payments, Inc. (“Shif...
Shareholder investigation: halper sadeh llc investigates reta, ael, prds, cell
NEW YORK, Aug. 20, 2023 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential vio...
Shareholder alert: pomerantz law firm investigates claims on behalf of investors of live nation entertainment, inc. – lyv
NEW YORK, Aug. 20, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Live Nation Entertainment, Inc. (“Live ...
Taylor swift adds another week to billboard artist 100 record
has extended her record for the most weeks as the top musical act in the United States to a 76th week. Read Full Story The post Taylor Swift Adds Anot...