Category Archives: Forex News

The official PMIs from China’s National Bureau of Statistics (NBS) will be published today. I’ve referred to ‘green shoots’ beginning, tentatively, to show for the Chinese economy. PMIs have been key to this. In H2 of 2024 manufacturing has improved, slowly, while services have held in expansion. Manufacturing PMI: July 2024: 49.4, indicating contraction in […]

Today’s we’ll get the official, National Bureau of Statistics (NBS), PMIs for December from China. Preview here: On Thursday (January 2) we’ll get the other manufacturing PMI, from Caixin/ S&P Global: The two PMIs are quite different. If you are unfamiliar with this, the following will set you up for next year! The PMIs (Purchasing […]

Axios with the info (may be gated): Hackers connected to China’s government successfully breached several Treasury Department workstations and accessed unclassified documents, according to a letter to Congress on Monday. The hackers, which Treasury has linked to an unspecified Chinese state-sponsored hacking group, gained access to Treasury’s networks via software service provider BeyondTrust Chinese hackers […]

The 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 plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate […]

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 […]

Is Tesla Stock a Buy or Sell? Analyzing the Technical and Fundamental Signals Tesla Inc. (NASDAQ: TSLA) is at a pivotal point, with its stock showing significant technical bearish signals and soaring valuation ratios. Investors are keen to understand whether Tesla represents a prudent investment opportunity. Here’s an in-depth look at both the technical patterns […]

Prices up 4.2% y/y vs +4.6% prior Prices down 0.2% m/m vs -0.4% prior non-seasonally adjusted Prices up 0.3% vs +0.2% expected, seasonally adjusted Separate housing data from the FHFA: Prices +0.4% m/m vs +0.7% prior Prices +4.5% y/y vs +4.5% prior Home builders have been one of the worst-performing sectors in Q4 as rates […]

It was a great year for the bulls as every dip was bought. It was a tougher scenario globally but the US market was a big winner. On the day: S&P 500 -0.4% Nasdaq -0.9% DJIA -0.1% Russell 2000 +0.1% Toronto TSX Comp +0.4% On the month: S&P 500 -2.5% Nasdaq +0.5% DJIA +0.5% Russell […]

Happy New Year Welcome to 2025! The clock has turned on the foreign exchange market and we’re onto the new charts. Here are the final closing levels for 2024 for the major pairs Euro: 1.0354 Japanese Yen: 157.21 British Pound: 1.2524 Swiss Franc: 0.9072 Canadian Dollar: 1.4380 Australian Dollar: 0.6188 New Zealand Dollar: 0.5582 US […]

NZDJPY daily chart in 2024 The New Zealand dollar and Japanese yen are the two-worst performing major currencies of 2024. That’s an odd occurrence as they often find themselves on the opposite sides of the spectrum as a traditional high yielder (NZD) and low yielder (JPY). This year, the US dollar took an 11.6% bite […]