Author: FX

Share: FX option expiries for Feb 10 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts         1.0500 500m 1.0525 500m 1.0700 203m – USD/CHF: USD amounts                      – EUR/GBP: GBP amounts   – USD/JPY: USD amounts        Source link

USD/JPY Price and Chart AnalysisThe new BoJ governor will have a tough job on his hands.USD/JPY slides lower in volatile end-of-week turnover. Recommended by Nick Cawley Get Your Free JPY Forecast According to breaking news in The Nikkei Asia, a former BoJ policy member, Kazuo Ueda, is set to be offered the position as the next governor of the Bank of Japan (BoJ) when incumbent Haruhiko Kuroda’s term in office expires on April 8. The Japanese paper also reveals that Shinichi Uchida and Ryozo Himino will be offered deputy governor positions.Earlier this week it was reported that deputy governor Masayoshi…

Nautilus curbs workforce by 15% to mange costs better Source link

FEDSpeak (Barkin) – remains Hawkish – Stocks fell again the NASDAQ tumbled -1.02%, while the S&P 500 slid –0.88%, and the Dow lost -0.73%. #TSLA (+3.00%) bucked the trend. All eyes on the credit market as the 2/10yr rate remains 80 bp+ inverted 7 Terminal rate edges higher to 5.15%. Overnight RBA minutes more hawkishness and worries over higher inflation, China CPI dipped, Japanese PPI unchanged, and potential new BOJ Governor Amamiya – “appropriate to maintain ultra-loose monetary policy” and the “Yield Curve Controls do not need more flexibility”. However, UK GDP -0.5% December, avoids recession by a whisper. Raft of other…

Not feelin’ like trading the U.S. dollar today? I gotchu! Take a look at EUR/CAD and GBP/CHF are hitting key support levels: EUR/CAD 4-hour Forex Chart by TradingView EUR/CAD just registered another higher high after bouncing from the 1.4360 zone! Does this mean that EUR/CAD’s uptrend is still valid? The pair’s bounce from the 4-hour chart’s ascending channel says YOU BET. Before you aim for previous highs like 1.4650, however, you should also note that EUR/CAD hasn’t passed key resistance levels yet. I’m talking about the mid-channel line near the 100 and 200 SMAs! Stochastic is also favoring EUR bears…

UK GDP Q4 ’22 (PRELIM) KEY POINTS: Recommended by Zain Vawda Get Your Free GBP Forecast UK GDP preliminary data for Q4 2022 indicated a definite slowdown despite matching estimates. Monthly real gross domestic product (GDP) is estimated to have fallen by 0.5% in December 2022 while the bigger picture showed that GDP was flat in the 3 months to end December 2022. As a whole 2022 GDP came in at 4.1%.Customize and filter live economic data via our DailyFX economic calendarThe services sector fell by 0.8% in December 2022, after unrevised growth of 0.2% in November 2022; the largest…

German DAX futures -0.7%UK FTSE futures -0.3%It is now a catch up to the opposite end for European equities, having closed before the late slump in Wall Street yesterday. The overall market mood is leaning more cautious today with S&P 500 futures down 0.1% as well. Source link

Share: EUR/USD is expected to deliver more downside to near 1.0700 amid the risk-aversion theme. The USD Index has got strength as investors are worried about higher interest rates by the Federal Reserve. European Central Bank is still favoring a continuation of a bumper policy tightening spell despite softened German Inflation. EUR/USD is struggling to find direction beyond the 50% and 61.8% Fibo retracements gamut. EUR/USD has dropped firmly to near 1.0720 in the early European session. The major currency pair is expected to deliver more downside to near the round-level support of 1.0700 as Germany’s Harmonized Index of…

Asia-Pacific markets trade mixed at the end of the week Source link

© Reuters. A man pays for meat at a market in Beijing, China January 11, 2021. REUTERS/Tingshu Wang/Files By Joe Cash BEIJING (Reuters) – China’s January factory gate prices fell more than economists expected, suggesting that flashes of domestic demand that had stoked consumer prices after the zero-COVID policy ended are not yet strong enough to rekindle upstream sectors. The producer price index (PPI) was down 0.8% on a year earlier, extending the 0.7% drop the prior month and faster than the 0.5% fall tipped in a Reuters poll, even though manufacturing activity returned to growth in January. The consumer…