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There is no PBoC USD/CNY reference rate setting today - China is on holiday
There is no PBoC USD/CNY reference rate setting today - China is on holiday
Its Lunar New Year holidays in China
CNY
China Stock Market
China
CNH
NZD/USD faces some selling pressure below 0.5700 as Trump tariff threat looms
NZD/USD faces some selling pressure below 0.5700 as Trump tariff threat looms
The NZD/USD pair attracts some sellers to around 0.5670 during the early Asian session on Tuesday.
NZDUSD
Majors
Macroeconomics
Australian December 2024 business confidence: -2 (prior -3)
Australian December 2024 business confidence: -2 (prior -3)
National Australia Bank business survey, for December 2024
More on Japan's service-sector inflation data - will keep the BoJ on rate-hike simmer
More on Japan's service-sector inflation data - will keep the BoJ on rate-hike simmer
BOJ is closely monitoring service-sector inflation as an indicator of whether sustained wage growth will encourage businesses to continue raising prices, keeping inflation around its 2% target.
BOJ
JPY
Japan data - Services PPI (December) 2.9% y/y (prior 3%)
Japan data - Services PPI (December) 2.9% y/y (prior 3%)
PPI Services (Corporate Services Price Index)
SNB’s Schlegel: We can't rule negative interest rates out
SNB’s Schlegel: We can't rule negative interest rates out
Swiss National Bank (SNB) Chairman Martin Schlegel said on Monday that while the central bank does not favor negative interest rates, it cannot completely rule them out, per Reuters.
USDCHF
Majors
Macroeconomics
USD surging again  - Trump tariff threats, Bessent want tariffs too
USD surging again - Trump tariff threats, Bessent want tariffs too
Bessent wants a gradual rise in tariffs, could go as high as 20%
Politics
USD
USD/CAD posts modest gains above 1.4350 amid Trump tariff uncertainty
USD/CAD posts modest gains above 1.4350 amid Trump tariff uncertainty
The USD/CAD pair trades with mild gains around 1.4380 during the early Asian session on Tuesday.
USDCAD
Majors
Macroeconomics
Bessent is pushing a starting 2.5% universal US tariff plan, which would rise each month
Bessent is pushing a starting 2.5% universal US tariff plan, which would rise each month
The 2.5% impost would move higher by the same amount each month
Politics
USD
ICYMI - Morgan Stanley slashes UK 2025 GDP growth forecast to 0.9% (from 1.3% previously)
ICYMI - Morgan Stanley slashes UK 2025 GDP growth forecast to 0.9% (from 1.3% previously)
The effects of the BoE 16 year high for the Bank rate lingering
GBP
BOE
Economic calendar in Asia Tuesday, January 28, 2025
Economic calendar in Asia Tuesday, January 28, 2025
Asian Economic Calendar: Key Events and Consensus Expectations for 28 January 2025
economic calendar
Forexlive Americas FX news wrap: Nvidia's market cap loss is the worst in history
Forexlive Americas FX news wrap: Nvidia's market cap loss is the worst in history
Forex news for North American trading on Jan 27, 2025
Session wrap
Wrap Nth America
The AI Underdog: How DeepSeek Triggered Nvidia's Record $560B Plunge
The AI Underdog: How DeepSeek Triggered Nvidia's Record $560B Plunge
News Discussion Forum
By Finance Magnates
The AI Underdog: How DeepSeek Triggered Nvidia's Record $560B Plunge
Nvidia, once the crown jewel of the AI boom, faced an unprecedented $560 billion loss in market value Monday, marking the largest one-day drop in US stock market history, Bloomberg reported.
nvidia
AI
If AI is cheap, there are many winners
If AI is cheap, there are many winners
Nasdaq at the lows, Dow Jones Industrial Average at the highs
Stocks
Forex Today: Markets shift the attention to US data ahead of the Fed
Forex Today: Markets shift the attention to US data ahead of the Fed
The US Dollar began the new trading week on the back foot as market participants continued to digest the narrative of further tariffs from the Trump administration, while investors started gearing up for the FOMC meeting on Wednesday.
DollarIndex
EURUSD
Currencies
Fed
5 winners and losers: How DeepSeek's reshapes the investing landscape
5 winners and losers: How DeepSeek's reshapes the investing landscape
What is the 'Don't Overthink It' trade?
China Stock Market
US sells 5-year notes at 4.330% vs 4.336% WI
US sells 5-year notes at 4.330% vs 4.336% WI
US sells $70 billion in 5-year notes
Swissquote Joins Memecoin Frenzy as Market Sentiment Wanes
Swissquote Joins Memecoin Frenzy as Market Sentiment Wanes
News Discussion Forum
By Finance Magnates
Swissquote Joins Memecoin Frenzy as Market Sentiment Wanes
The Switzerland-based online trading company Swissquote is eying the recent memecoin frenzy to expand its services to users. The added seven meme cryptocurrencies, a term referring to digital asset...
swissquote
Shiba Inu (SHIB)
Pepe
Canadian Dollar eases on Monday as BoC rate call looms ahead
Canadian Dollar eases on Monday as BoC rate call looms ahead
The Canadian Dollar (CAD) fell back once again into familiar consolidation against the US Dollar (USD) on Monday, shedding a recently-gained one-third of one percent and continuing to send the USD/CAD pair on a sideways grind around the 1.4400 handle.
USDCAD
SEO
BOC
InterestRate
US treasury to auction 5-year notes at 1 PM ET
US treasury to auction 5-year notes at 1 PM ET
The two year note auction was disappointing
Price weakness to catalyze a large-scale CTA selling in Copper – TDS
Price weakness to catalyze a large-scale CTA selling in Copper – TDS
CTAs are selling Copper and Aluminum, TDS' Senior Commodity Strategist Daniel Ghali notes.
Metals
Copper
Banks
XAU/XAG ratio sits at the highs – TDS
XAU/XAG ratio sits at the highs – TDS
The set-up for algo flows in Silver are not very promising, TDS' Senior Commodity Strategist Daniel Ghali notes.
Silver
Banks
XAGUSD
The EURUSD moves up to swing area target in the early US session and finds willing sellers
The EURUSD moves up to swing area target in the early US session and finds willing sellers
The pair is trading near the 1.0500 natural support level. What next?
Sellers are making play in the AUDUSD. Can they keep the momentum to the downside going?
Sellers are making play in the AUDUSD. Can they keep the momentum to the downside going?
The AUDUSD is trading back below its 100-hour moving average of 0.6283. The swing area between 0.6287 and 0.63016 is also a key barometer for buyers and sellers.
AUD
USD
DeepSeek Goes Deep: China's AI App Shaking Up US Markets
DeepSeek Goes Deep: China's AI App Shaking Up US Markets
News Discussion Forum
By Finance Magnates
DeepSeek Goes Deep: China's AI App Shaking Up US Markets
In a new turn of events, a Chinese AI chatbot has not only outpaced its American rivals but also sent shockwaves through global markets.
DeepSeek
AI
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