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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
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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
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Bank of Japan Governor Ueda spoke on Central Bank Digital Currency
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Why the Fed won’t cut rates in 2024: US economy not slowing, Fed tailwind since December
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,...
Suspected China state-backed buying to prop up stock markets
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ISM Services data due from the US on Tuesday – range to expect
ISM services is due at 10 am US Eastern time. This snapshot from the ForexLive economic data calendar, access it here.The range of expectations for this is 51.0 to 54.3.Keep an eye on any services inflation information in this release, while goods prices have been...
Why central bank rate cuts will be at a slower pace than rate hikes were
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,...
Federal Reserve Vice Chair for Supervision Michael Barr is speaking twice on Tuesday
As a member of the Board of Governors at the Fed Barr has a permanent vote on the Federal Open Market Committee (FOMC). 1700 GMT / 1200 US Eastern time: Federal Reserve Vice Chair for Supervision Michael Barr participates virtually in a panel:"CRA Modernization: A...
China February Services PMI 52.5 (prior 52.7)
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China’s Premier Li says the foundation of China’s economic recovery is not yet solid
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