Prior -0.1%Services +0.1% vs +0.1% m/m expectedPrior 0.0%; revised to -0.1%Industrial output -0.4% vs +0.1% m/m expectedPrior -0.6%Manufacturing output -0.3% vs 0.0% m/m expectedPrior -0.6%Construction output +0.4% vs +0.4% m/m expectedPrior -0.4%; revised to -0.3%The...
AUD/USD erases post-CPI advance as sellers wrestle back some near-term control
AUD/USD hourly chartThe pair is posting a slight double-top from the overnight high around 0.6245 and that is leading to a reversal in the past few hours. The fall now threatens a break below its 200-hour moving average (blue line). And in doing so, that will see the...
China reportedly eyes unwanted Volkswagen factories to gain foothold in German market
It is reported that Chinese officials are trying to pave the way for local automakers to purchase German factories that are slated for closure. In particular, they are rather interested in Volkswagen's sites and another source said that the German automaker would be...
Russell 2000 Index Futures Analysis for Today
TradeCompass: Russell 2000 Index Futures Analysis – 16 January 2025Financial Instrument: Russell 2000 Index Futures (RUT Futures)Price at the Time of Analysis: 2279.3Key Levels and Trade Scenarios for Russell 2000 Futures TodayBullish Above: 2291.3Why Bullish Above:If...
ForexLive Asia-Pacific FX news wrap: Yen added to its gains, USD/JPY back under 156.00
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Euro Futures Analysis for Today
TradeCompass: Euro FX Futures Analysis – 16 January 2025Financial Instrument: Euro FX Futures (EUR/USD Futures)Price at the Time of Analysis: 1.0318Key Levels and Trade Scenarios for Euro FX Futures TodayBullish Above: 1.03455Why Bullish Above:If Euro FX Futures rise...
European Central Bank policy makers Patsalides and Centeno speaking Thursday
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Expectations are that Japan will intervene in the currency market if the yen falls to 165
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Rabobank sees a likely weaker AUD/USD ahead, forecast to 0.60
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Bank of Canada deputy governor Gravelle speech on balance sheet normalization
1745 GMT/1245 Eastern timeBank of Canada deputy governor Toni Gravelle Will speak on the Bank's balance sheet normalization process and how it will manage its balance sheet once normalization ends***The Bank of Canada began cutting rates in 2024, beginning in June....
Netanyahu says that Hamas has reneged on the previously agreed terms of a ceasefire.
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BoJ Gov Ueda says will raise policy rate if economic, price conditions continue to improve
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UBS forecast USD/CNY to hit 7.5 by June 2025
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Recapping Japan’s wholesale inflation data earlier – helping to fuel rate hike chatter
Japan's wholesale inflation remained at 3.8% in December 2024, driven primarily by high food prices, particularly a 31.8% increase in agricultural goods costs. The steady inflation rate, which matched market expectations, was also influenced by rising fuel costs due...
BOK’s Rhee says need for further rate cuts is higher, downside risk to economy has risen
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Bloomberg says Bank of Japan likely to hike rates next week
Bloomberg with the report. Says the Bank of Japan likely to hike rates at next weeks meeting (23 and 24 January), unless there is a 'major rout in markets' following Trump's swearing in. Bloomberg cite several, all unnamed, sources. USD/JPY is down on the day already....
BOK plans to expand the cap on temporary special loans for small and medium businesses
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USD/JPY back under 156.00
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
PBOC sets USD/ CNY central rate at 7.1881 (vs. estimate at 7.3247)
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 within a certain...