Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
The USD/CAD pair recovers from recent losses and trades around 1.3790 during European hours on Wednesday.
The USD/CAD pair recovers from recent losses and trades around 1.3790 during European hours on Wednesday. On the daily chart, the analysis shows that the pair is testing the lower boundary of an ascending channel, which, if remains within the channel, supports the bullish trend.
The 14-day Relative Strength Index (RSI) is slightly below 70 level, confirming the ongoing bullish sentiment is in play. However, a move above the 70 mark would suggest overbought conditions and signal a potential downward correction.
On the upside, if USD/CAD remains within the ascending channel, it could explore the region around the upper boundary around 1.3870. A break above this level could strengthen bullish momentum, potentially driving the pair toward 1.3946, its highest point since October 2022.
In terms of the support, a decisive break below the lower boundary of the ascending channel at the 1.3790 level, could weaken bullish sentiment, pushing the USD/CAD pair to target its nine-day Exponential Moving Average (EMA) at 1.3718.
Further support is found at the former resistance, now acting as support, around 1.3620, with the key psychological level of 1.3600 just below.
Japanese Prime Minister Shigeru Ishiba's administration has pledged to draft another big spending package, shifting further away from his calls for fiscal discipline in a move that will likely lead to increased borrowing.
Deputy Chief Cabinet Secretary Kazuhiko Aoki told a news conference on Wednesday the government will draft a package that will exceed the size of last year's stimulus.
On Tuesday, Ishiba said in an election campaign speech the government would aim for a spending package funded by a supplementary budget that exceeds last year's ¥13 trillion (US$87 billion or RM373.7 billion).
Such big spending would keep Japan an outlier among advanced nations that had mostly phased out crisis-mode stimulus.
It would also come at a time when the Bank of Japan is raising interest rates from near-zero levels, adding to the cost of funding Japan's public debt that already stands at double the size of its economy.
While expectations that the BOJ will go slow with raising borrowing costs has kept the yields on 10-year Japanese government bonds (JGB) below 1%, the prospect of more debt issuance may start to hurt bond market sentiment, analysts say.
"Some (players) became cautious of buying JGBs as concern emerged over the risk of increasing debt issuance," said Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management.
The fading chances of Japan meeting a commitment to achieve a primary balance surplus in fiscal 2025 could also weigh on bond prices, he added.
Analysts at SMBC Nikko Securities predict the government will need to issue over ¥10 trillion in new debt to fund a supplementary budget sized more than ¥13 trillion this year.
That would come on top of ¥182 trillion worth of JGBs already scheduled to be sold under current fiscal year's budget.
In the past, Japan has used supplementary budgets, typically worth a few trillion yen, to deal with one-off, emergency spending, such as disaster relief.
That changed in 2020, when the size ballooned to ¥73 trillion to combat the Covid-19 pandemic. Since then, Japan has continued to compile outsized, largely debt-funded, supplementary budgets. Last year, nearly ¥9 trillion of the ¥13-trillion spending was funded by new debt.
Once considered a fiscal and monetary hawk, Ishiba had toned down his earlier calls for Japan to wean off the radical stimulus, named "Abenomics" after the late former premier Shinzo Abe.
Since taking over on Oct 1, Ishiba has stressed that his focus is to get the economy to fully shake off the growth-sapping deflation of the last three decades.
While few analysts expect the ruling coalition to lose power in a general election scheduled on Oct 27, some predict a tough battle that could keep Ishiba under pressure to appease voters with promises of big spending.
Japan's public debt is the largest among advanced nations. Its ratio of government spending to gross domestic product stood at 42.3% compared with 37.0% in the US and the G7 average of 41.2%, according to estimates by Japan's finance ministry.
Thailand's baht held largely steady and stocks jumped after the Bank of Thailand (BOT) surprisingly cut its key interest rate on Wednesday, while the Philippine central bank lowered rates and Bank Indonesia maintained a status quo as expected.
The baht was last up 0.1%, while stocks in Southeast Asia's second-biggest economy rose as much as 1.6% to 1,488.59 points, its highest since September 2023.
The BOT reduced the one-day repurchase rate by 25 basis points to 2.25%. It had left the rate unchanged at a decade-high of 2.5% since September 2023.
Despite government support for the rate cut, including recent lobbying by Finance Minister Pichai Chunhavajia for accelerated economic growth, the baht remains the second-best performing currency in Asia this year, surpassed only by the Malaysian ringgit, said Daniel Tan, a fund manager at Grasshopper Asset Management.
"The BOT's latest stance may have come because of the high level of household debt," Tan said.
Bangko Sentral ng Pilipinas cut rates by 25 basis points and with inflation now below the 2%-4% target range, it is likely to continue its easing cycle that began in August, potentially implementing another reduction in December.
The Philippine peso was largely unchanged and stocks in Manila slipped by 0.3%.
The Indonesian central bank kept interest rates unchanged despite inflation falling to 1.84% last month, its lowest since 2021 and within the central bank's target range of 1.5% to 3.5%.
The Indonesian rupiah extended gains, advancing as much as 0.4% to 15,515 per US.dollar, while shares in Jakarta traded flat.
Meanwhile, the US dollar hovered near two-month peaks versus major peers, supported by expectations the Federal Reserve will proceed with modest rate cuts.
Recent monetary policy decisions across Asia suggest a trend towards rate reductions, following the Fed's lead in September, said Jeff Ng, head of Asia Macro Strategy at Sumitomo Mitsui Banking Corporation.
"This comes as inflation stays relatively within central bank targets, setting the stage for lower policy rates," he said.
As widely anticipated, the Monetary Authority of Singapore maintained its stance for the sixth consecutive time since April 2023 on Monday, while the Bank of Korea (BOK) reduced its policy rate by 25 basis points to 3.25% last week.
Stock markets in the region tracked a fall in US semiconductor names after chip equipment maker ASML cut its annual sales forecast.
The tech-heavy stock indexes of Taiwan and South Korea fell 0.9% and 1.21%, respectively, with industry giants Taiwan Semiconductor Manufacturing Co and Samsung Electronics spearheading the declines in their respective markets.
The GBP/JPY cross attracts heavy selling following the release of the UK consumer inflation figures on Wednesday and retreats further from over a two-week high touched the previous day. The second straight day of a downfall drags spot prices to a multi-day low, around the 193.70 area during the first half of the European session, with bears now awaiting a break below the 200-day Simple Moving Average (SMA) before placing fresh bets.
The UK Office for National Statistics (ONS) reported that the headline Consumer Price Index (CPI) remained flat in September and the yearly rate decelerated to 1.7% from 2.2% in August. This was the lowest reading since April 2021 and comes on top of the recent remarks by the Bank of England (BoE) Governor Andrew Bailey, saying that the central bank could cut interest rates more aggressively if there's further good news on inflation. The markets were quick to react and are now pricing in a 90% chance that the BoE will lower borrowing costs in November, which, in turn, weighs heavily on the British Pound (GBP).
Meanwhile, the lack of specifics about the overall size of the fiscal stimulus from China left investors uncertain. Apart from this, persistent geopolitical risks stemming from the ongoing conflicts in the Middle East take a toll on the global risk sentiment, which is evident from a generally weaker tone across the equity markets. This, in turn, benefits the Japanese Yen's (JPY) relative safe-haven status and exerts additional pressure on the GBP/JPY cross. That said, doubts over the Bank of Japan's (BoJ) rate-hike plans keep a lid on any meaningful appreciating move for the JPY and should act as a tailwind for the currency pair.
Even from a technical perspective, the GBP/JPY cross has been oscillating in a familiar range over the past two weeks or so. This constitutes the formation of a rectangle on the daily chart and points to indecision over the next leg of a directional move. Moreover, the aforementioned mixed fundamental backdrop makes it prudent to wait for strong follow-through selling and a sustained break below the 200-day SMA before confirming a bearish breakdown.
The Mexican Peso (MXN) manages to hold the line on Wednesday after depreciating an average of 1.5% in its most heavily traded pairs the previous day. The Peso sold off heavily after former US President Donald Trump said he would put tariffs of over “100%, 200% or even 300%” on Mexican cars entering the US to prevent a further erosion of the beleaguered US car industry by foreign competitors. This, along with a critical report about Mexico’s economy from the International Monetary Fund (IMF), contributed to the Peso’s steep sell-off.
The Mexican Peso depreciated over 1.60% against the US Dollar (USD) on Tuesday after Donald Trump threatened to whack prohibitory tariffs on Mexican-made autos entering the US market.
“Mexico is a tremendous challenge for us,” said Trump in an interview with John Micklethwait, the Editor-in-Chief of Bloomberg News, “China is building massive auto plants in Mexico. And they are going to make those cars and then take those cars and sell them into the border – they are very near the border. And they are going to have all the advantages and none of the disadvantages. And that is going to be the end of Michigan, the end of South Carolina,” the former president said at the Chicago Economic Club.
Trump’s comments had all the more bite because, according to bookmakers he is now more likely to win the presidential election than Harris. According to OddsChecker Trump has an almost 58% probability of winning against Harris’ 42%.
That said, in the latest opinion polls, Vice-President Kamala Harris is still in the lead with 48.5% of the vote versus Trump’s 46.1%, according to FiveThirtyEight.
The Mexican Peso was further undermined after the release of an IMF report on the country, which highlighted a slowdown in activity and growth.
“Activity is decelerating. Despite an expansionary fiscal stance, growth is slowing to around 1.50% percent this year, partly due to binding capacity constraints and a tight monetary policy stance,” said the IMF report, adding, “Risks to growth are tilted to the downside while inflation risks remain on the upside.”
That said, the IMF saw inflation falling steadily to the Bank of Mexico’s (Banxico) 3.0% target in 2025.
Downside risks to the outlook came from weaker-than-expected growth in the US, an increase in global risk aversion, and the “unforeseen effects from recent institutional reforms”, said the IMF.
On the upside, the IMF highlighted Mexico’s unique nearshoring advantages given its proximity and current free-trade agreement with the US.
In relation to Mexico’s controversial new judicial reforms, which seek to have judges elected by popular vote rather than appointed, the IMF said these could “create important uncertainties about the effectiveness of contract enforcement and the predictability of the rule of law,” adding they were “a new source of uncertainty that may impinge upon private investment decisions.” However, overall, the IMF was optimistic about the new laws, saying, “Staff’s current baseline does not incorporate potential headwinds from these uncertainties.”
USD/MXN rallies from a strong belt of support at the base of a rising channel and the 50-day Simple Moving Average (SMA) situated at 19.42.
USD/MXN is now probably in a short-term uptrend, and given the technical analysis principle that “the trend is your friend,” this favors a continuation higher.
The next target is at 19.83 (October 1 high), and a break above that would probably lead to a move up to 20.10 and the vicinity of the September 10 high.
The Moving Average Convergence Divergence (MACD) (blue) line has broken above its (red) signal line, further indicating a bullish bias.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.