Prior 1.75%Easing of policy made possible as fight against inflation has been effectiveInflation likely to remain in the range below 2% over the next few yearsToday's easing ensures that monetary conditions remain appropriate2024 inflation seen at 1.4% (previously...
Germany March flash manufacturing PMI 41.6 vs 43.1 expected
Prior 42.5Services PMI 49.8 vs 48.8 expectedPrior 48.3Composite PMI 47.4 vs 47.0 expectedPrior 46.3It's a tale of two sides again for Germany as manufacturing conditions remain dire but at least offset by a stronger services sector performance. There was also a slight...
France March flash services PMI 47.8 vs 48.7 expected
Prior 48.4Manufacturing PMI 45.8 vs 47.5 expectedPrior 47.1Composite PMI 47.7 vs 48.6 expectedPrior 48.1The euro dips to the lows for the day after the softer readings here. Once again, manufacturing conditions remain a big drag but services activity was also weak in...
European indices follow Wall Street gains as risk sentiment stays upbeat
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,...
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Dollar stays on the backfoot to start the session
The dollar sold off after the FOMC meeting yesterday, as Fed chair Powell let the doves out to play. Policymakers also retained the dot plots view for this year, reflecting 75 bps worth of rate cuts. That was enough to trigger a straightforward reaction in markets in...
France March business confidence 100 vs 98 prior
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,...
Eurostoxx futures +1.1% in early European trading
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,...
FX option expiries for 21 March 10am New York cut
There are ones to watch out for on the day, as highlighted in bold.They are for EUR/USD and layered around the 1.0900-20 level. Alongside a softer dollar after the Fed yesterday, the expiries should help to keep the pair supported in the session ahead. However, do...
Gold still on cloud nine ahead of European morning trade
After a torrid start to the year, gold has more than made up for it with a record-breaking March month. The precious metal is nearing 8% gains this month, as it roars back to $2,200 after having briefly dipped below $2,000 during February trading.Gold (XAU/USD) weekly...
BOJ governor Ueda says JGB holdings will remain roughly unchanged
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,...
EUR/USD bounces back on dovish Fed, awaits PMI data later today
Going into the Fed this week, the pair had been threatening key support levels on the chart. The 200-day moving average (blue line) was where buyers drew the line and they were rewarded amid a more dovish take by Fed chair Powell yesterday. That helps to oversee a...
The central bank bonanza continues with the SNB and BOE later today
It was a straightforward reaction to the FOMC meeting yesterday, as the Fed bolstered expectations of a June rate cut. The dot plots still showed 75 bps of rate cuts this year and Powell rounded that off with a more dovish stance overall. As a result, the dollar fell...
Federal Reserve Vice Chair for Supervision Michael Barr speaks on Thursday
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ForexLive Asia-Pacific FX news wrap: USD lost more ground
PBOC Deputy Governor expects around 8% nominal economic growth for China in 2024China's State Planner Vice Chairman flags 6 trln yuan available for government investmentPeople's Bank of China dep gov says still more monetary policy roomBank of Japan Governor Ueda says...
PBOC Deputy Governor expects around 8% nominal economic growth for China in 2024
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,...
China’s State Planner Vice Chairman flags 6 trln yuan available for government investment
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,...
People’s Bank of China dep gov says still more monetary policy room
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,...
Bank of Japan Governor Ueda says massive stimulus had negative side effects
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,...
Swiss National Bank policy decision due Thursday, 21 March 2024 – preview
The Swiss National Bank is, on balance, expected to hold at 1.75% at its meeting today, though there are some analysts thinking the Bank may cut 25bps. Inflation has slowed in the country, economic growth has slowed also. Market pricing is around 30% for a cut today,...