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GBPUSD Technical Analysis – The market takes a breather
Fundamental OverviewThe US Dollar came under pressure last week following the US PPI report as the details that feed into the Core PCE index, which is what the Fed focuses on, were all very soft. That helped to bring the early estimates down to more benign levels. In...
BOE’s Bailey: We are in a period of heightened uncertainty
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Don’t expect any breakthroughs from US-Russia talks today
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EURUSD Technical Analysis – Eyes on the US-Russia talks
Fundamental OverviewThe US Dollar came under pressure last week following the US PPI report as the details that feed into the Core PCE index, which is what the Fed focuses on, were all very soft. That helped to bring the early estimates down to more benign levels. In...
US-Russia talks get underway in Riyadh
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Gold Technical Analysis – Awaiting the next catalyst
Fundamental OverviewGold came under pressure last Friday following the weak US Retail Sales data. That reaction seemed wrong-footed given that it should actually support gold due to falling real yields. Moreover, Retail Sales are volatile so one negative month doesn’t...
France January final HICP +1.8% vs +1.8% y/y prelim
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US futures picking up as the week looks to really get started
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BOJ governor Ueda: We are aware of views we had not been clear enough on policy guidance
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UK December ILO unemployment rate 4.4% vs 4.5% expected
Prior 4.4%Employment change 107k vs 48k expectedPrior 35kAverage weekly earnings +6.0% vs +5.9% 3m/y expectedPrior +5.6%Average weekly earnings ex bonus +5.9% vs +5.9% 3m/y expectedPrior +5.6%January payrolls change 21kPrior -47k; revised to -14kONS continues to put a...
Russia dubs Trump as a problem solver ahead of peace talks in Riyadh
Russia's sovereign wealth fund chief, Kirill Dmitriev, is out in Riyadh saying that: "We really see that President Trump and his team is a team of problem solvers, people who have already addressed a number of big challenges very swiftly, very efficiently and very...
Dollar holds steadier ahead of European trading
The RBA was the key highlight to start the day and they delivered a more hawkish rate cut, more or less what was expected. The central bank made clear that this doesn't mean there will be another in April but they are willing to move again so long as there is evidence...
RBA governor Bullock: We still think policy is in restrictive territory
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RBA’s Bullock: If we thought we needed to raise rates further previously, we would’ve
We felt the best way to bring inflation down was to keep rates where they were for an extended periodNow is the right time to unwind the rate hikesBut policy is still restrictive and that will continue to keep pressure on inflationNeutral rate is a very uncertain...
RBA governor Bullock: We cannot declare victory on inflation yet
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FX option expiries for 18 February 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0500 mark once more. Given the more limited price action and follow through from last week, the expiries should again help to keep a lid on things in European morning...
ForexLive Asia-Pacific FX news wrap: RBA cuts rates for the first time in four years
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AUD/USD chopped higher on the as expected RBA rate cut announcement
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RBA CUTS by 25bp, as widely expected (to 4.1%, from 4.35% previously)
This is the first Reserve Bank of Australia cash rate cut since the cut in November 2020 to 0.1%The RBA rate hike cycle began in May 2022 with a move to 0.35%, and the Bank has been on hold at 4.35% since last hiking in November 2023. Full text of the statement is...