Treasury yields are at the highs of the day as the market focuses on the Bank of Japan decision later and the FOMC decision on Wednesday.The market is anxious that the BOJ slowing its pace of bond buying will put upward pressure on global yields. US 10 year yields...
Canada February PPI +0.7% m/m vs +0.1% expected
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Canadian PPI and US home builder sentiment on the agenda
Happy Monday.It's a big week with the BOJ later and Fed on Wednesday among other highlights. Today it starts off slowly with Canadian PPI at the bottom of the hour followed by US homebuilder sentiment at 10 am ET (1230 GMT). The other event that will get some...
Bank of England uber hawk Catherine Mann re-appointed
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ForexLive European FX news wrap: Currencies muted awaiting major central bank decisions
Headlines:Markets:NZD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.7%US 10-year yields down 0.4 bps to 4.300%Gold up 0.2% to $2,160.95WTI crude up 0.5% to $80.98Bitcoin up 0.5% to $68,237It was a quiet session as market tones were...
US futures move higher as tech leads the way
S&P 500 futures are now up 0.5% on the day with Nasdaq futures seen up 1.0% ahead of US trading later. Tech shares are the ones on the move as Dow futures are still seen rather flattish at the moment. Meanwhile, European indices are still just slightly higher so...
USD/JPY needs more than just the BOJ to justify compelling downside momentum
After having dropped from 150.00 to 146.00 levels in early March, it looked like the BOJ finally got the ball rolling in USD/JPY. But amid a combination of more cautious trades and higher Treasury yields, the pair failed to muster much strength in chasing any major...
Eurozone January trade balance €11.4 billion vs €16.8 billion prior
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Eurozone February final CPI +2.6% vs +2.6% y/y prelim
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SNB total sight deposits w.e. 15 March CHF 469.2 bn vs CHF 477.4 bn prior
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China president Xi congratulations Putin on election win, reaffirms continued partnership
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Market Outlook for the Week of 18 – 22 March
We expect a busy week ahead with several significant economic events, but Monday will be relatively quiet, as is often the case, with no major data releases scheduled. Tuesday will bring important announcements for various economies. Japan and Australia will have the...
Swiss industry pleads to the SNB to factor in economic situation in making policy decision
With Swiss inflation looking "under control", the SNB could be one to surprise markets in trading this week. And that is something that the Swiss industry are getting anxious about. And they are now being vocal about that ahead of the central bank's policy decision...
FX option expiries for 18 March 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 1.0900 mark. The expiry is a sizable one and given the lack of appetite in markets today, it should help to play a part in limiting price action in the pair before...
A light one on the data docket in the session ahead
It's a quieter start to the week and things won't look to change too much in European trading today. All eyes are on the major central bank policy decisions to come and we'll only start getting into that tomorrow.For now, major currencies are not much changed while...
FX lightly changed ahead of European trading
There isn't much appetite to start the week so far and understandably so. All the attention is on central banks this week and we'll only see more notable moves when the time comes. For now, dollar pairs are lightly changed as narrow ranges prevail.USD/JPY remains...
The central bank bonanza returns to town this week
The spotlight this week turns to major central policy decisions and there will be a handful of them. The heavyweights are all in action as we will be getting the BOJ, RBA, Fed, SNB, and BOE all on the agenda. That will make for a fun-filled week at the very least. So,...
JP Morgan now sees the Fed delivering 75 bps worth of rate cuts for 2024
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New Zealand’s Prime Minister Luxon says is seeing a deterioration in economic conditions
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ForexLive Asia-Pacific FX news wrap: Expectations of a BoJ policy shift tomorrow rise
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,...