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,...
ECB lowers inflation forecasts
The inflation scare in Europe is over.The ECB lowered its 2024 inflation forecast to 2.3% this year from 2.7% previously. The ECB said that was mainly on lower energy prices.The 2025 projection was also nudged lower to 2.0% from 2.1% while 2026 was left unchanged at...
ECB leaves key interest rates unchanged in March monetary policy meeting
Prior decisionMain refinancing rate 4.50% vs 4.50% expectedPrior 4.50%Deposit facility rate 4.00% vs 4.00% expectedPrior 4.00%Marginal lending facility 4.75%Prior 4.75%Since last policy meeting in January, inflation has declined furtherCore inflation projections...
The JPY is the strongest and the EUR is the weakest as the NA session begins
As the North American session begins, the JPY is the strongest and the EUR and USD are the weakest (they are battling it out for the weakest crown). The focus day has been on the USDJPY and the JPY crosses as the anticipation for an exit from the yield curve controls...
US February Challenger layoffs 84.64k vs 82.31k 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,...
USD/JPY extends fall and runs into test of key technical level
USD/JPY daily chartThat is the first stop on the way down as highlighted earlier here. The BOJ has gotten the ball rolling on the Japanese yen and we're now just seeing things set in motion.A break below the 100-day moving average (red line) at 147.73 will see buyers...
Has China’s affection for Apple waned?
Despite worsening Sino-American relations, Apple ranked as the second best-selling smartphone brand in China last year. However, it has now slipped to fourth place following a 24% decline in iPhone sales during the first eight weeks of 2024.Apple's stock has seen a...
ForexLive European FX news wrap: Yen jumps on BOJ anticipation, ECB coming up next
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All eyes are on Lagarde’s press conference when it comes to the ECB today
The ECB policy meeting decision later is going to be a dud. There's almost no doubts about that really. The central bank is not in a position to cut rates just yet and so, they can't really force such a communication in their policy statement in case inflation...
US futures pare early losses in European morning trade
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UK businesses expect output price inflation to decline over the next year – BOE survey
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Market Recap – Yen & Gold on a Ride; ECB Today
Economic Indicators & Central Banks: Stock markets corrected across Asia. US futures are down, and European markets are also trading cautiously in early trade ahead of ECB. Ueda: Chance of reaching target getting higher little by little. BOJ board member Junko...
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AUD/USD holds out hope for a technical break higher this week
AUD/USD daily chartIn the second half of February trading, AUD/USD saw a modest rebound from its lowest levels since November last year to around 0.6580-95. The rebound stalled amid a test of the 200-day moving average (blue line) at the time as well. That considering...
USDJPY Technical Analysis – Rate hike speculations lead to INCREDIBLE moves
USDJPYThe BoJ kept its monetary policy unchanged as expected at the last meeting with interest rates at -0.10% and the 10 year JGB yield target at 0% with 1% as a reference cap. The Japanese CPI beat expectations although all measures eased further from the prior...
European equities hold lower at the open to start the day
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The BOJ has gotten the ball rolling on the Japanese yen
And we're off to the races for the Japanese yen. It has finally reached a point where traders are now starting to price in the BOJ's next steps, either later this month or at the latest next month. USD/JPY has dipped much lower after the technical breakdown yesterday,...
UK February Halifax house prices +0.4% vs +1.3% m/m prior
Prior +1.3%; revised to +1.2%The average house price in the UK rises to £291,699 as prices rose for a fifth month running in February. Halifax notes that:"The average price tag of a home is now only around £1,800 off the peak seen in June 2022. While it is encouraging...
Germany January industrial orders -11.3% vs -6.0% m/m expected
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Switzerland February seasonally adjusted unemployment rate 2.2% vs 2.2% expected
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