South Korea’s intelligence agency says it has an injured North Korean soldier in custody. No further details as yet. As I said above, tensions on the Korean peninsula will, at the margin, be a yen positive (flight to safety/liquidity … so USD positive also). The moves used to be intense on such news that has […]
Category Archives: Forex News
26
Dec
Dec
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 […]
26
Dec
Dec
The EUR/USD is edging higher, reaching a new daily high while breaking above the 50% midpoint of the trading range since the September 2022 low, which stands at 1.04053 (see daily chart). On the hourly chart, the pair has been oscillating above and below this midpoint over the past five trading days. Following the FOMC […]
26
Dec
Dec
The USD/JPY is trading at a new high for the day, reaching last week’s peak of 157.918—the highest level since July 18. The day began near session lows at 157.122 but saw an acceleration during the early U.S. session, coinciding with the opening of the U.S. debt market. U.S. Treasury yields are also moving higher, […]
26
Dec
Dec
This according to the NPC Standing Committee, as announced yesterday. For now, the agenda is said to encompass “reviewing the government work report, and examining the report on the implementation of the annual plan on national economic and social development for 2024 and the draft plan on national economic and social development for 2025”. Adding […]
26
Dec
Dec
The post on the Bank of Japan October meeting minutes is here: Adding a little more detail now, these Headlines via Reuters: A few members said must scrutinize the impact of past interest rate hikes on the economy and prices when deciding policy. One member said must take time and be cautious in deciding on […]
26
Dec
Dec
Bitcoin Price Update and Forecast: Bitcoin (BTC/USD) appears poised to cross the $100,000 mark again as current price action aligns with bullish technical indicators on the daily chart. Here’s a quick breakdown: BTCUSD daily chart within the Donchian Channel with RSI Donchian Channel Basis Acting as a Magnet:The basis of the Donchian Channel sits at […]
25
Dec
Dec
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate […]
25
Dec
Dec
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 […]
25
Dec
Dec
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 […]