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NZDUSD trades toa new low for the week and trades below the 50% midpoint

August 11, 2023

The NZDUSD is trading to a new low for the week and in doing so to the lowest level since the end of June/beginning of …

Technical Analysis

What are the charts telling us for the EURUSD, USDJPY and GBPUSD?

August 11, 2023

The FOREX markets are quiet in the Asia-Pacific session. Japan is on holiday contributing to the lackluster price action. Yesterday’s US CPI data whipped traders …

Market Outlook

Asia Day Ahead: Subdued Start in Asia as Wall Street Rally Fizzles

August 11, 2023

An initial rally in Wall Street eventually fizzled into the close, as Treasury yields headed higher in the aftermath of the US CPI release, prompting …

Central Banks

PBOC sets yuan midpoint at 7.1587/dollar.

August 11, 2023

The PBOC sets the yuan midpoint at 7.1587/dollar vs the last close at 7.2177 This article was written by Greg Michalowski at www.forexlive.com. Source

Central Banks

More Lowe: To get inflation to target in 2024 would require substantially higher rates…

August 11, 2023

More from RBAs Lowe: To get inflation to target in 2024 would require substantially higher rates and not be in the national interest. Understandable that …

Central Banks

PBOC expected to set Yuan midpoint at 7.2193 per dollar

August 11, 2023

The PBOC is expected to set Yuan midpoint at 7.2193 per dollar. The last two days’ estimates were much lower when the official midpoint is …

Central Banks

RBA Lowe: Things are moving in the right direction. Too early to declare victory

August 10, 2023

Prepared remarks from RBA Gov. Lowe It is too early to declare victory on inflation, but things are moving in the right direction. The board …

Central Banks

RBAs Lowe and other speak before the House of Representatives at the bottom of the hour

August 10, 2023

RBA Gov. Philip Lowe will speak before the House of Representatives along with Deputy Gov. Bullock, assistant governors Kohler and Jones. The AUDUSD is trading …