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,...
Market News – Stocks and currencies sell off; USD up
Economic Indicators & Central Banks: Stocks and currencies sell off, while the US Dollar picks up haven flows. Treasuries yields spiked again to fresh 2024 peaks before paring losses into the close, post, the stronger than expected retail sales eliciting a broad...
Heads up: Fed chair Powell will be making a speaking appearance later today
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GBP/USD Extends Losses as UK Labor Market Shows Signs of Weakness
GBP/USD Analysis and ChartsUK jobs market stalls, real average earnings remain positive.Tomorrow’s UK inflation report looks key for Sterling.Cable may test the 1.2300 area.Most Read: British Pound Weekly – Will UK Data Help Stem the Latest GBP/USD Sell-Off?According...
European stocks struggle at the open, tracking Wall Street losses
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,...
Xi says China and Germany have huge potential for win-win cooperation
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,...
UK February ILO unemployment rate 4.2% vs 4.0% expected
Prior 3.9%Employment change -156k vs 58k expectedPrior -21kAverage weekly earnings +5.6% vs +5.5% 3m/y expectedPrior +5.6%Average weekly earnings (ex bonus) +6.0% vs +5.8% 3m/y expectedPrior +6.1%March payrolls change -67kPrior 20k; revised to -18kIt is a bit of a...
Germany March wholesale price index +0.2% vs -0.1% m/m 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,...
GBPUSD Technical Analysis – Key levels to watch for a pullback
USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate...
FX option expiries for 16 April 10am New York cut
There isn't much to really take note of for the day. As such, trading sentiment will continue to rely more on the overall market mood instead. And at the moment, the prevailing narrative is in favour of a stronger dollar as Fed rate cut bets are pared while...
Dollar continues to stay in prime position
The dollar continues to stay buoyed in trading this week, as it runs a little higher again today. The stronger US retail sales data from yesterday is reverberating, alongside the geopolitical nuances that are playing out. Rate cut bets have receded significantly with...
ForexLive Asia-Pacific FX news wrap: USD extends higher again
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,...
Heads up for European Central Bank’s Nagel speaking Tuesday
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Federal Reserve Chair Powell speaks Tuesday. Also Williams, Jefferson, Barkin
Times below are in GMT / US Eastern time format:1300 / 0900 Federal Reserve Vice Chair Philip Jefferson speaks on "Monetary Policy During Periods of Uncertainty" before the International Research Forum on Monetary Policy hosted by the Federal Reserve1630 / 1230...
Bank of England’s Lombardelli (next Deputy Governor for Monetary Policy) speaks on Tuesday
0915 GMT / 0515 US Eastern time - The Bank of England's next deputy governor for monetary policy, Clare Lombardelli, will take questions from lawmakers in parliament's Treasury Committee Lombardelli was the OECD's Chief Economist and G20 Finance Deputy since May...
China reports air passenger numbers +37.7% y/y in Q1 2024
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China’s Statistics bureau says its expects a mild recovery in consumer inflation
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: March Industrial output +4.5%y/y (expected +5.4%) Retail sales +3.1% (4.5% exp)
Key economic indicators from China for March 2024. Plenty of misses here, not a good report. Urban Jobless Rate 5.2%expected 5.2%, prior 5.3%Property Investment YTD -9.5% y/yexpected -9.2%, prior -9.0%Residential Property Sales YTD -30.7% y/yprior -32.7%Industrial...
China Q1 2024 GDP growth 5.3% y/y (expected +5.0%)
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,...
Chinese state banks are in the spot market seen selling dollars for CNY
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,...