Author: FX

© Reuters. Taiwan’s President Tsai Ing-wen speaks during the Yushan Forum in Taipei, Taiwan October 11, 2023. REUTERS/Annabelle Chih TAIPEI (Reuters) – Taiwan’s top security official said on Thursday he does not currently recommend President Tsai Ing-wen visit the South China Sea given the possible risk to her flight from “interference by relevant countries”. Both Taiwan and China claim most of the South China Sea as their own territory, but Taiwan only controls one main islet in the contested Spratly Islands deep in the southern part of the sea called Itu Aba, which Taiwan refers to as Taiping island. Some…

The composite of the two comes in at 52.3prior 50.6Solid results for these latest PMIs for services and composite. the niggle of course is that manufacturing remains in contraction. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

FORECAST – GOLD, EUR/USD, NASDAQ 100The Fed held borrowing costs unchanged and continued to indicate it would deliver three rate cuts this yearThe dovish policy outlook weighed on the U.S. dollar and yields, boosting gold prices and the Nasdaq 100This article examines the technical outlook for XAU/USD, EUR/USD and the NDXMost Read: Fed Holds Rates Steady, 2024 Policy Outlook Unchanged – What Now?U.S. stocks and gold prices rallied while the U.S. dollar skidded lower on Wednesday after the Federal Reserve stuck to the script and largely maintained the same policy outlook embraced three months ago in the previous Summary of…

AUD up 0.83% vs. USD after Fed holds policy steady. Wall Street up, praises US economy, labor strength post-Fed. US 10-year yield dips, Dollar Index down, hints AUD/USD rise. Mixed Australia PMI, strong job outlook may sway RBA policy. The Australian Dollar soared 0.83% against the US Dollar on Wednesday as the Federal Reserve held rates steady while maintaining their monetary policy outlook from last year, with 75 basis points (bps) of rate cuts in 2024. As the Asian session begins, the pair trades at 0.6595, up 0.14%. Aussie Dolar gains momentum amid the beginning of Asia session Wall Street…

SlavkoSereda/iStock via Getty Images Crude oil futures finished lower Wednesday, edging off five-month highs after back-to-back session gains, weighed by strength in the U.S. dollar even after some gains were trimmed following the Federal Reserve’s policy announcement. The policy-setting Federal Open Market Committee kept its main policy rate target unchanged at a 5.25%-5.5% range and left its median estimate for rates by year-end at a level that implies three quarter-point rate cuts for 2024. The Fed’s rate decision was within expectations and the impact on oil markets was limited, oil analyst Andrew Lipow told Reuters. Meanwhile, the U.S. Energy Information…

The Federal Reserve Open Market Committee gave their latest monetary policy statement today, holding the target range at 5.25% to 5.5%, as widely expected. Read the Federal Reserve Statement Press release here The FOMC also released their “Summary of Economic Projections” (SEP), which showed  notable upward revisions of 2024 GDP (median moved from 1.4% to 2.1%) and the Core PCE inflation rate (from 2.4% in December to 2.6%). The SEP also included the closely watched Fed ‘Dot Plot’, which showed the majority of members seeing interest rates for 2024 falling to around 4.6%, and signaling only three rate cuts in…

Avanti Helium (OTCPK:ARGYF) announced on Wednesday a non-brokered private placement financing of up to 1.25M units at a price of $0.40/unit, for total proceeds of up to $500K. According to ARGYF, each Unit under the offering will consist of one common share and one share purchase warrant. The company expects some of its directors and officers to participate in the private placement. ARGYF plans to use the offering proceeds for various work related to its Helium Recovery Plant located on the Sweetgrass Pool in Montana, and for general working capital. Press Release More on Avanti Helium Corp. Source link

© Reuters. FILE PHOTO: Pedestrians walk past the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File Photo (Reuters) -The Bank of Japan is expected to hike the interest rate in either July or October, though an October hike is considered more likely, as it would give the BOJ around half a year to evaluate the impact, newspaper reported on Thursday. The central bank ended eight years of negative interest rates on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus. “Additional hikes are of course on the…

The BOE is dropping its March monetary policies this Thursday! Are members still waiting for more signs of an inflation slowdown? Or are they about ready to cut their interest rates? Read on to see what the markets are expecting and how GBP may react to the event! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

FOMC DECISION – MARCH MEETINGThe Federal Reserve leaves interest rates unchanged at the end of its March meeting, in line with expectationsThe 2024 policy outlook remains the same, with the Fed still signaling 75 basis points of easing for the yearGold prices head higher as the U.S. dollar and yields take a turn to the downsideMost Read: UK Inflation Falls to a Two-Year Low, GBP/USD Stable for NowThe Federal Reserve on Wednesday left its benchmark interest rate unchanged at its current range of 5.25% to 5.50% after concluding its March policy gathering, keeping borrowing costs on hold for the fifth…