The export restrictions mostly covers advanced computing chips used for AI and builds on previous curbs set out last year on exporting certain chips to China itself. The new controls on AI chips will see quotas on exports to about 120 countries but 18 US allies and partners will be exempt from that. The list […]
Category Archives: Forex News
13
Jan
Jan
Fundamental Overview The USD got another boost on Friday following the NFP report as the data beat expectations by a big margin almost across the board. The market scaled back the rate cuts expectations further with now just one cut expected by the end of the year. The focus remains on inflation and this week […]
13
Jan
Jan
Rate cuts by year-end Fed: 24 bps (98% probability of no change at the upcoming meeting) ECB: 85 bps (90% probability of rate cut at the upcoming meeting) BoE: 42 bps (66% probability of rate cut at the upcoming meeting) BoC: 41 bps (57% probability of rate cut at the upcoming meeting) RBA: 61 bps […]
13
Jan
Jan
ECB unlikely to accelerate rate cuts. Cutting faster would need a more significant departure from out projections. Gradual moves are best amid uncertainty. Near-term market bets are justified. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link
13
Jan
Jan
Over the weekend, he adds that “the preparations are underway”. And that while “we haven’t set the exact framework for it yet”, the call is a starting point and they will take on discussions from there. As for the nature of the call itself, Waltz merely mentioned that: “You can’t enter a deal if you […]
13
Jan
Jan
Prior to the strong US jobs report at the end of last week, traders had priced in the first rate cut for June this year. In total, market players were looking for ~42 bps going into Friday at the time. Fast forward to today and the landscape has shifted quite dramatically. As things stand, Fed […]
13
Jan
Jan
Its been a notable session of new highs and lows. I’ve been tweeting them as they happened rather than posting them, but here they are for the record: GBP/USD hits a 14 month low under 1.2193 (GBPeso?) … and its since dropped lower AUD/USD falls under 0.6140 and to its lowest since April 2020 (ps. […]
13
Jan
Jan
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
13
Jan
Jan
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
13
Jan
Jan
Australian Melbourne Institute Inflation Gauge for December 2024: 0.6% m/m, the largest jump higher in a year prior 0.2% trimmed mean +0.4% m/m, highest since March 2024 2.6% y/y AUD is little changed. Around 0.6155. *** The Australian Melbourne Institute Inflation Gauge is an independent, monthly measure of inflation in Australia. It is designed to […]