Former Boston Fed President Eric Rosengren, who retired after trading misconduct, is still thinking about markets."Market overreacted to the CPI report. While above analysts expectation, monetary policy is not set to analyst expectations. Nothing in the report...
December US PPI revised to -0.2% from -0.1%
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,...
The Fed’s Goolsbee highlights the economic calendar as CPI moves retrace
Fed's GoolsbeeWe get US retail sales tomorrow but it's a bare economic calendar today aside from weekly US oil inventories. The speaker calendar is a bit more lively with three Fed officials starting with Goolsbee at 9:30 am ET. When he last spoke he said a March cut...
ForexLive European FX news wrap: No post-CPI follow through for now
Headlines:Markets:AUD leads, GBP lags on the dayEuropean equities higher; S&P 500 futures up 0.5%US 10-year yields down 1 bps to 4.306%Gold down 0.1% to $1,989.82WTI crude flat at $77.90Bitcoin up 4.1% to $51,630There was no significant follow through to the...
US MBA mortgage applications w.e. 9 February -2.3% vs +3.7% 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,...
Gold hangs on at key support level for now
Gold (XAU/USD) daily chartThe sharp move higher in Treasury yields and the dollar yesterday resulted in a steep drop in gold. Of note, the fall took out the January low as well as the $2,000 mark. But at least for the time being, buyers are able to hang on as the...
Eurozone December industrial production +2.6% vs -0.2% m/m 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,...
Eurozone Q2 GDP second estimate 0.0% vs 0.0% q/q prelim
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,...
Whose victory would be most beneficial for the dollar?
With the US presidential election drawing closer, the question of which outcome would be better for the global economy is gaining urgency. Both sides have their sound strategies, but let's focus on the impact on the dollar by taking a closer look at the dollar index...
All You Need to Know Before Trading in Singapore
Forex trading is currently considered a global affair. Daily, the market sees approximately $6.6 trillion volume across different countries. With such figures and promises of financial security, it is only natural that more people across the globe are trying to get...
Inflation Expectations Were Too Optimistic. Investors Consider More Buys
UK inflation unexpectedly remains at 4.0% and Core Inflation data also read lower than expectations causing the Pound to decline. US inflation declines but at a weaker pace compared to expectations. US inflation falls from 3.4% to 3.1% (previously expectations were...
Bitcoin shakes off yesterday’s setback, eyes firm break above $50,000 mark
Bitcoin (BTC/USD) daily chartThe post-ETF fallout did not last too long for Bitcoin as it is off to the races once again in the last two weeks. The drop last month was held and defended by the 100-day moving average (red line) just under $40,000. And since then,...
EUR/USD eyes downside break to start the session
EUR/USD daily chartThere was a bit of a question mark even with the break of the December low of 1.0723 yesterday. Price action still traded more sideways around 1.0700-20 mostly but are we finally seeing a crack to the downside? The pair is down just slightly to...
ECB’s de Guindos: Disinflation process is continuing
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,...
European equities see light changes at the open today
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,...
What are the BOE rate cut odds showing now after the UK CPI data?
That is a step up from the ~40% pricing before the UK CPI data release. But it still lacks an oomph to it, in reassuring that the central bank will follow through at the end of 1H 2024. I mean when you look at the data itself, goods inflation did ease slightly from...
FX option expiries for 14 February 10am New York cut
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,...
Japan’s Hayashi says closely watching FX moves with a high sense of urgency
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 January CPI +4.0% vs +4.2% y/y expected
Prior +4.0%Core CPI +5.1% vs +5.2% y/y expectedPrior +5.1%The figures are slightly lower than estimated but they are similar to the December readings. With core inflation still holding above 5%, I don't think this changes much of the current outlook for the BOE. The...
The next leg higher for the dollar might be tougher to come by
The dollar ripped higher after a stronger-than-expected US CPI data here yesterday. Since then, there is a lack of follow through today with price action trending more sideways. So, what gives? In my view, the answer lies in the charts at the moment. In particular,...