Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an […]
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There is just one to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1800 level. It’s not a major one but big enough that it could attract some interest i.e. price magnet, especially with the pair continuing to float around after the drop last week. PMI
Discover how European markets navigate mixed sentiments with upcoming PMI data and central bank insights from the Federal Reserve and Bank of England. Source link
For most of modern market history, trading flows were seen as little more than the smoke from the fire – evidence of deeper forces at work. Growth, inflation, central banks, geopolitics: these were the “real” drivers of price action. Order books and positioning data simply reflected how investors responded. But that causality has shifted. Flows
In August 2025, South Korea experienced a 0.6% year-on-year rise in producer prices, marking the most significant increase since April and an improvement from the 0.5% recorded in July. Notable growth was observed in the services sector, which increased by 1.1%, compared to 1.6% the previous month. Similarly, the categories of electricity, water, and gas
Producer prices in South Korea were down a seasonally adjusted 0.1 percent on month in August, the Bank of Korea said on Tuesday – after rising 0.4 percent in July. Among the individual components, agricultural, forestry and marine products jumped 3.4 percent on month, while utilities and manufacturing products were flat and services fell 0.4
Australian preliminary / flash S&P PMI for September 2025: Composite: 52.1 (prior 55.5) Manufacturing: 51.6 (prior 53.0) Services: 52.0 (prior 55.8) In summary from the report: weaker business activity as new orders slowed and manufacturing slipped back into contraction under U.S. tariff pressure export demand softened confidence fell to a one-year low job growth held
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Log in to today’s North American session Market wrap for September 22 Markets started the week on the back foot today, but shook off early concerns as US tech shares continued their impressive rise. This was fueled by a promise from Nvidia to invest up to $100 billion in OpenAI, boosting excitement around artificial intelligence.
Since gold broke out of its recent range, I’ve been highlighting the reasons why it could go higher. It’s done just and at a neck-breaking pace. It’s up $420/oz in four weeks to $3747, including a $63 gain today. If you’re a gold bull (and I certainly am) this is good news but if you
GBPJPY is one of the most volatile FX pair available to trade including only major currencies – Yet, it’s been stuck in a huge range since August 2024. As explained in our previous article on this currency pair, a continuous uptrend from 2020 lows (127.30!) to July 2024 highs (208.12) has been met with a
St. Louis Fed President Alberto Musalem explained on Monday that he backed last week’s rate cut, describing it as a precaution to safeguard the job market. At the same time, he cautioned that with inflation still running above the Fed’s 2% goal, there might not be much room left for further cuts. Key Quotes He
(Partial video transcript) This week’s trading opportunity Welcome to “Trade of the week” on Monday 22nd September. Last week, I didn’t put a trade on because I didn’t have a clear signal with a high probability, low risk setup. Now, today’s “Trade of the week”, unfortunately for you, has already moved 100 points in the
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The USD/JPY outlook suggests some strength in the yen after Friday’s slightly hawkish BoJ policy meeting. Japan has to choose a new prime minister on October 4th. Traders will watch Fed policymakers’ remarks for more clues on rate cuts. The USD/JPY outlook suggests some strength in the yen after Friday’s slightly hawkish Bank of Japan
Trading remained subdued in the forex markets today, with most major pairs consolidating within Friday’s ranges. Dollar has given back some of last week’s gains, though selling momentum remains modest and order flows are light. Market conviction on the Fed outlook remains steady. Futures price a 92% probability of a rate cut at the October
