A growing number of market-makers and traders say price discovery for several key G10 currencies has already shifted to CME’s foreign exchange futures markets and away from primary venues for certain pairs. In particular, some senior figures say futures contracts have become the primary pricing reference point for the Commonwealth currencies – Australian dollar, Canadian
The US dollar is firm pretty across the major FX board, with the uncertainty over tariffs widely cited as keeping riskier trades out of the spotlight. Cable is no exception, trading heavily during Asia time A report earlier isn’t helping. The Confederation of British Industry’s quarterly survey of services firms showed that profitability among business
The Australian Dollar holds gains after the release of a weaker-than-expected Private Capital Expenditure on Thursday. Australia’s Private Capital Expenditure unexpectedly contracted by 0.2% QoQ in Q4 2024, falling short of market expectations for 0.8% growth. The US Dollar continues to strengthen as traders evaluate the economy’s performance and the outlook on tariffs. The Australian
The total value of new capital expenditure in Australia was down a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Thursday – coming in at A$43.961 billion. That missed forecasts for an increase of 0.6 percent following the 1.1 percent gain in the previous
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
US Dollar Index stabilizes around 106.40, hovering near its lowest levels of 2025. Traders anticipate rate cuts, with Fed bets now pricing in two reductions for 2025. US President Trump confirms 25% tariffs on Canada, Mexico, and the EU but delays implementation until April. Markets await the Personal Consumption Expenditures (PCE) data, the Fed’s preferred
The Japanese yen is slightly lower on Wednesday. In the North American session, USD/JPY is trading at 149.25, up 0.16% on the day. Japanese yen flexing muscles What is the best performing G-10 currency against the US dollar this year? Surprisingly, the Japanese yen is the winner, with gains of about 5% against the greenback.
We’re near month-end so I’m not surprised to see some flows driving trade. Cable has been strong in the last 30 minutes or so and that’s likely on fixing flows and perhaps some stops above yesterday’s high. The pair is now trading at the best levels since December 17. cable 10 mins If it can
2025.02.26 2025.02.26 Thrusting Candlestick Pattern: Learn How To Trade It Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ A Thrusting candlestick is a technical analysis pattern that indicates a trend continuation following a correction. It enables traders to predict price action and identify optimal entry and exit points. Technical analysis empowers traders to assess market intricacies and implement optimal trading strategies
Dollar appears to be gathering steam for a stronger, sustainable near-term rebound, although the precise catalyst remains unclear. One contributing factor an undercurrent of risk aversion, which is reflected in the broad selloff in the Australian and New Zealand Dollars. Yet, the overall market picture is mixed, as US stock futures inch higher and Treasury
BP has released what it calls its reset, with a renewed focus on oil and gas, reallocated capital and more cost cutting. All of this is aimed at driving shareholder returns in the long term. Unfortunately, this means reduced shareholder returns in the short term, which has triggered a small sell off in the stock
The Australian dollar has declined by 0.37% on Wednesday and is trading at 0.6320 in the European session. AUD/USD is down for a fourth consecutive trading day and has lost 1.2% during that time. January inflation unchanged at 2.5% Australia’s consumer price index was unchanged at 2.5% y/y for a second straight month in January.
The USD/CAD forecast is bullish as US yields surge. The Canadian dollar remains under pressure amid weaker WTI and tariff fears. Fed speeches and Nvidia’s earnings are key to watch today. The USD/CAD forecast remains elevated as the price posts a fourth consecutive session in gains. The pair is trading at 1.4330 at the time
2025.02.26 2025.02.26 US Dollar Faces Backlash from New Tariff Threats. Forecast as of 26.02.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As the US economy continues to slow down and the likelihood of a Fed monetary expansion cycle shifts from September to June, the US dollar is experiencing some uncertainty. Let’s discuss this topic and make a trading plan for
Dollar remains stuck in a tug-of-war of conflicting forces. On one side, extended decline in US Treasury yields is pressuring the greenback, while on the other, risk aversion is offering some support. 10-year Treasury yield fell to its lowest level since December, looks on track to test the next Fibonacci support at 4.2%. Bond markets
