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Symbol Bid Ask Spread
EUR/USD 109.300 109.311 1.1
GBP/USD 109.300 109.311 1.1
USD/JPY 1.28109 1.28120 1.1
AUD/USD 0.96329 0.96344 1.5
EURCHF 1.25335 1.25356 2.1
EUR/GBP 0.78958 0.78973 1.5
EUR/GBP 0.78958 0.78973 1.5
Symbol Bid Ask Spread
USD/JPY 1.28109 1.28120 1.1
AUD/USD 0.96329 0.96344 1.5
EURCHF 1.25335 1.25356 2.1
EUR/GBP 0.78958 0.78973 1.5
EUR/JPY 0.78958 0.78973 1.8
EUR/JPY 0.78958 0.78973 1.8
Symbol Bid Ask Spread
EURCHF 1.25335 1.25356 2.1
EUR/GBP 0.78958 0.78973 1.5
EUR/JPY 0.78958 0.78973 1.8
EUR/JPY 0.78958 0.78973 1.8
Symbol Bid Ask Spread
EUR/GBP 0.78958 0.78973 1.5
EUR/JPY 0.78958 0.78973 1.8
EUR/JPY 0.78958 0.78973 1.8
Symbol Bid Ask Spread
EURCHF 1.25335 1.25356 2.1
EUR/GBP 0.78958 0.78973 1.5
EUR/JPY 0.78958 0.78973 1.8
EUR/JPY 0.78958 0.78973 1.8

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  • ForexLive Asia-Pacific FX news wrap: USD extends higher again
    by Eamonn Sheridan on April 16, 2024 at 3:41 am

    Heads up for European Central Bank's Nagel speaking TuesdayFederal Reserve Chair Powell speaks Tuesday. Also Williams, Jefferson, BarkinBank of England's Lombardelli (next Deputy Governor for Monetary Policy) speaks on TuesdayChina reports air passenger numbers +37.7% y/y in Q1 2024China's Statistics bureau says its expects a mild recovery in consumer inflationChina: March Industrial output +4.5%y/y (expected +5.4%) Retail sales +3.1% (4.5% exp)China Q1 2024 GDP growth 5.3% y/y (expected +5.0%)Chinese state banks are in the spot market seen selling dollars for CNYChina March new house prices -0.3% m/m (prior also -0.3%)PBOC sets USD/ CNY mid-point today at 7.1028 (vs. estimate at 7.2475)Japan chief cabinet secretary Hayashi - Prepared to take all measures on fxFed's Daly getting with the jargon now, says doesn't know if r* has risenFed's Daly says inflation bumps along the way are not particularly surpsisingS Korean Vice Finance Minister says will take immediate bold measures against excess movesJapan finance minister Suzuki is closely watching FX movesIran's foreign minister says willing to exercise restraint3 Chinese asset managers have received initial approval to offer BTC & ETH backed ETFsAustralia weekly consumer confidence survey +1.6 points on the week to 83.5ICYMI - S&P rating agency has downgraded another Chinese property developerChina's Foreign Minister expresses support in phone call with Iranian counterpartStop with the USD/JPY Numberwang intervention level guesses - do this insteadFed rate cut expectations - Société Générale expect no interest rate cut in 2024More on the wave of CTA selling forecast by Goldman SachsBank of Japan to place less emphasis on inflation rate when setting monetary policyJP Morgan says earnings beats don't mean prices higher this seasonResearch shows impact of geopolitical events "have tended to lead to short-sharp selloffs"Goldman Sachs warns trend following hedge funds could sell up to US$42bn over next monthForexlive Americas FX news wrap 15 Apr: Stocks lower/yields w/ geopolitical &strong growthUS stocks close with sharp declines. Higher yields/geopolitical risk weighs on the indicesIran says it will respond to a a possible Israeli retaliatory attack 'within seconds'Trade ideas thread - Tuesday, 16 April, insightful charts, technical analysis, ideas The US dollar added to its gains from Monday here during Tuesday trade:AUD/USD to a 5 month lowEUR/USD to a 5 month lowGBP/USD to a 5 month lowNZD/USD is at its lowest since NovemberJPY is, of course, still around 34 year lowsMary Daly, Federal Reserve Bank of San Francisco President, spoke at the Stanford Institute for Economic Policy Research. In brief, Daly said there is no urgency to cut US interest rates, with the economy and labour market strong, and inflation still above the Fed's 2% target. She warned on the dangers of a near term rate cut:"The worst thing to do is act urgently when urgency is not required". The People’s Bank of China set its USD/CNY reference rate (the mid-point at which the onshore yuan is permitted to trade) at its weakest (for CNY) since March 1. The weakness in the yuan that followed prompted intervention to support the yuan, conducted through Chinese State Banks selling USD/CNY. From China today we had Q1 economic growth data and also March 2024 economic activity data:GDP growth beat expectations at 5.3% y/y (vs. expected +5.0%) and +1.6% q/q (expected 1.4%)Industrial production and retail sales missed estimates, but the unemployment rate dropped by a tenth of a percent (see bullets above for the data on these and more). USD/CNH jumped on the weaker yuan setting but dropped as USD/CNY was hit with USD selling intervention: This article was written by Eamonn Sheridan at www.forexlive.com.

  • China reports air passenger numbers +37.7% y/y in Q1 2024
    by Eamonn Sheridan on April 16, 2024 at 2:51 am

    China air passenger numbers +37.7% y/y in Q1 2024to nearly 180 mln trips+10.2% from Q1 2019 Total cargo turnover 34.93 billion ton-kilometers, up 45.6% year-on-yea+12.9% compared to the same period in 2019Adding to the news earlier out China of a beat for GDP:China Q1 2024 GDP growth 5.3% y/y (expected +5.0%)But a miss on much of the March data:China: March Industrial output +4.5%y/y (expected +5.4%) Retail sales +3.1% (4.5% exp) This article was written by Eamonn Sheridan at www.forexlive.com.

  • 3 Chinese asset managers have received initial approval to offer BTC & ETH backed ETFs
    by Eamonn Sheridan on April 15, 2024 at 11:42 pm

    Chinese media outlet Caixin with the info (gated)Three Chinese asset managers have received initial approval to offer exchange-traded funds (ETFs) backed by spot virtual assets such as Bitcoin in Hong Kong, as part of the city’s ongoing efforts to turn itself into a global cryptocurrency hub. Hong Kong’s Securities and Futures Commission (SFC) gave the go-ahead in principle to Harvest Global Investments Ltd., Bosera Asset Management (International) Co. Ltd. and China Asset Management (Hong Kong) Ltd., according to separate announcements released Monday by the trio. They are all Hong Kong subsidiaries of major Chinese mainland mutual fund companies.BTC update, the halving is approaching in the next week or so:---Bitcoin 'halvening' (some call it 'halving'):halvening cuts in half the amount of tokens that Bitcoin miners receive as reward for their workthis happens every 4 yearsdue next around April 2024is part of the process of capping Bitcoin supply at 21 million tokens This article was written by Eamonn Sheridan at www.forexlive.com.

  • Bitcoin trades to a new session low. What next?
    by Greg Michalowski on April 15, 2024 at 5:55 pm

    So much for a safe haven? Or store of value?The price of bitcoin is trading below the $64,000 level again. The low price for the day reached $63,696. Over the weekend, the price moved down to a low of $61,308. That was the lowest level since March 20. In the trading today, the high price extended up to $66,900, but could not keep the momentum going.On the downside, the low price from March 20 comes in at $60,760. That is the next major target. Below that, and the 38.2% retracement of the last run to the upside from the January 2024 low comes in at $60314.The price has been consulting up and down but has remained above the 38.2% retracement target keeping the buyers in play and more in control technically (at least on the daily chart). The not so good is the price of bitcoin reached a new all-time high price at $73,794 on March 14. That run took the price above the 2021 high near $69,000. The price over the weekend move back below that level and remained below the level in trading today. . This article was written by Greg Michalowski at www.forexlive.com.

  • What Does the Latest US Inflation Report Mean for the US Dollar?
    by Jeff Patterson on April 12, 2024 at 9:09 am

    Gather around the campfire for a tale scarier than any ghost story. Picture this: the Federal Reserve is like a bogeyman, always threatening to lower interest rates but never actually doing it. That’s what’s going on in the market. Investors have been waiting for a rate drop for the second year in a row, and it looks like they'll be waiting a while longer.The latest inflation report for March spooked everyone, showing consumer prices soaring by 3.5%, way above expectations. What does high inflation mean? It means the Fed's gonna keep interest rates high for longer to fight it. As soon as that data hit, you could practically hear the market's collective gulp, with the EURUSD and XAUUSD taking a nosedive right after.Let’s take a look at the chart illustrating how these assets have been faring since the beginning of the year. From this perspective, the drop wasn’t significant, yet noticeable. But sometimes, the most crucial thing is beyond the chart. Recent economic stats (like inflation and unemployment data), the Fed meetings, and the overall strength of the US economy have got investors and experts singing a different tune. Those predictions about a rate drop in June? Yeah, they're sounding more like a broken record. First, it was fall, then winter, spring... and now, even summer's feeling uncertain.More and more analyst firms agree that we won't see that rate drop until late summer or September. That means we'll be seeing a solid US dollar for a while longer. Besides, other big central banks might start cutting rates before the Fed does. Frankly speaking, it’s too early not to consider the USD as a rival.We're not expecting a major surge in the US dollar because the market's gonna be hanging on every word from the Fed. Yet, in the short term, notably during the summer months, expect heightened volatility and intricate market movements. So, keep an eye on the news, and don't make any moves without some serious analysis. This article was written by Jeff Patterson at www.forexlive.com.

  • FMAS:24 - Discover the Benefits of Attending
    by Jeff Patterson on April 11, 2024 at 11:37 am

    The Finance Magnates Africa Summit (FMAS:24) will be here in a few weeks, with the countdown officially underway to the biggest event of the year in Africa in 2024. FMAS:24 returns for its second year in Sandton City, South Africa on May 20-22, 2024, at the luxurious Sandton Convention Centre. With so many benefits to attending, this is one event you cannot afford to miss!As the largest in Africa, FMAS:24 will be providing many unique opportunities for professionals in the financial services industry to come together and exchange ideas, insights, and best practices. The premium event brings together industry leaders, innovators, and experts from across Africa and beyond, offers a platform for networking, learning, and collaboration. With a focus on the latest trends, challenges, and future insights shaping the finance sphere in Africa, FMAS:24 provides attendees with valuable knowledge and actionable insights to help them set up operations in Africa or take their business or trading to the next level. Registration is already live for FMAS:24 and can be accessed via the following link. Make sure to register online ahead of the event to avoid lengthy queues on-site!Why Attend FMAS:24 This MayDiverse Networking OpportunitiesAnything can happen on the exhibition floor at FMAS:24. Attendees can network with traders, investors, businesses, and industry leaders from around the world, and build valuable connections for your future endeavors.Insightful DiscussionsWith face-to-face engagement and a curated content track spanning four industry verticals, participants will be at the vanguard of any trends. Stay ahead with in-depth conversations about the latest topics and opportunities in Africa's financial sector.Forge New PartnershipsEstablish new and long-lasting partnerships and collaborations with the industry’s biggest talent, brands, and experts in a one-of-a-kind environment. Explore InvestmentsAfrica is the continent filled with potential. Participants can discover unique investment opportunities within the African region, allowing anyone the chance to diversify their portfolio and unlock potential growth avenues.Engage and Network with ExpertsNetwork and interact with expert speakers who will share their wealth of knowledge and experiences, offering invaluable perspectives to inspire and guide your journey.Diverse Agenda in Focus at FMAS:24FMAS:24 will feature a newly expanded content track covering two stages. This includes the newly launched Trader Zone, which caters to a growing retail trading demographic.Look for plenty of insightful discussions to take place across each of these stages during the two-day event. Topics will cover four industry verticals, including online trading, fintech, payments, and blockchain & digital assets.Register Today for the Biggest Event of the Year in Africa!These sessions, panels, workshops, and more will be given by leading CEOs, policymakers, fintech entrepreneurs, and investors. FMAS:24 will bring together a diverse range of voices and perspectives to offer attendees a comprehensive understanding of the challenges and opportunities facing the industry. By hearing from industry leaders and experts, attendees can gain valuable insights, learn from real-world experiences, and stay ahead of the curve and map out the rest of 2024 and beyond. This article was written by Jeff Patterson at www.forexlive.com.

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