The decisions taken in China reflected limited changes to its main targets as they were largely in line with expectations. China estimates that its GDP for this year will grow around 5%, while the inflation target will be around 3%. The targeted deficit is 3% of GDP...
Why is gold rising?
Why is gold rising when the market sentiment is risk-on?It seems the the crypto boyz are mooning crypto meme coins, the Nasdaq is making another all time high every month, Nvidia and other AI stocks are faking out the bears again, and rallying... again. So why the...
Eurozone PPI m/m -0.9% vs -0.1% expected
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,...
U.K. Final Services PMI 53.8 vs 54.3 expected
Prior 54.3.U.K. Final Services PMI prints below expectations at 53.8 vs 54.3.UK Composite PMI Final prints at 53 lower than forecast 53.3, prior 53.3.U.K. service providers saw an improvement in business activity in February fueled by growth in new orders and a slight...
FMAS:24 – Where Traders Meet Top Brokers in Africa
The Finance Magnates Africa Summit (FMAS:24) is coming to Sandton City, South Africa this May 20-22. The premium event is returning for its second year, bringing together traders and top brokers from across the continent. The 2.5-day summit will bridge local and...
Eurozone Final Services PMI 50.2 vs 50.0 expected
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,...
German Final Services PMI 48.3 vs 48.2 expected
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,...
French Final Services PMI 48.4 vs 48.0 expected
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,...
Italian Services PMI 52.2 vs 52.2 expected
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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Spanish Services PMI 54.7 vs 53.4 expected
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,...
French Industrial Production m/m -1.1% vs -0.1% expected
Prior 1.1%. French Industrial Production m/m it is an economic indicator that measures the percentage change in the total output produced by French industries from one month to the next. This data provides insights into the performance of the industrial sector in...
Japan’s Deputy Chief Cabinet Secretary Murai notes rising growth, wages stabilizing
Japan's Deputy Chief Cabinet Secretary Murai says Japan is gradually seeing a positive cycle of rising growth and wages falling into place.That it is important to embed new business practices in Japan so that costs are appropriately passed on throughout the supply...
Japan’s currency diplomat Kanda pushes for fiscal responsibility
Japan's top currency diplomat, Kanda, stressed the necessity for responsible fiscal management, aiming to achieve primary budget balance by FY2025/26. Additionally, Kanda highlights the escalating challenges confronting the international global order, including those...
Tuesday FX Option Expiries
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,...
Forex Market Update
Crude oil continued its decline since yesterday and is nearing the 78.15 level of support. If that level holds a correction is expected. EUR/USD is stuck near the 1.0855 of resistance waiting for eurozone data. AUD/USD wasn't supported by the larger-than-expected...
What to expect from China’s two sessions meetings
The Two Sessions, or “Lianghui” in Chinese, are the annual meetings of China's National People's Congress (NPC) legislative body and the Chinese People's Political Consultative Conference (CPPCC) advisory group. It is one of the most important annual events in Chinese...
What’s on the calendar today
Good morning everyone, There are many events on the calendar to watch for today. For the eurozone we have the French industrial production m/m and it's also the services PMI release day for the eurozone. In the U.S. we’ll get the final services PMI, the ISM Services...
ForexLive Asia-Pacific FX news wrap: China announces expected ‘around 5%’ 2024 GDP target
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,...
More on Japanese government ministers deny thinking of calling end to deflation
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,...