Canada jobs change trendsPrior month 0.1Kemployment change 37.3K vs 15K est.Unemployment rate 5.7% versus 5.9% expectedPrior unemployment rate 5.8%Full time employment -11.6K vs -23.5K last monthpart-time employment 48.9K vs +23.6 last monthAverage hourly wages...
Coming up next: US CPI revisions and the Canadian jobs report
US CPI yyToday is certainly the most-anticipated benchmark revision of an economic data point I can remember. One reason for that is that Powell himself highlighted its importance to policymakers after a large upward revision to 2022 numbers at this time last year...
FTSE 100 drops, Dow remains bid and Nikkei 225 makes new 34-year high
Major Indices Update:FTSE 100 drops on AstraZeneca disappointmentDow trades close to record highsNikkei 225 scales new 34-year high Recommended by Axel Rudolph Get Your Free Equities Forecast Get My Guide FTSE 100 drops on AstraZeneca disappointmentThe FTSE 100 has...
ECB Publishes Paper on Forward-looking Trackers of Negotiated Wages
According to the paper the new trackers are based on collective wage agreement data from seven countries, including the 5 largest eurozone economies: Germany, France, Italy, Spain, the Netherlands, Austria and Greece. Trackers for three more countries – Belgium,...
The Yen’s Downward Trend: Unpacking the Start of 2024
The Japanese yen experienced significant growth at the end of 2023, appearing to mark a long-awaited turning point as it broke away from the previous year's trend. The USD’s drop was easy to explain. However, following the New Year, the situation took a sudden turn....
Next Week’s Key Economic Events
As traders gear up for the week ahead, there's no shortage of important economic events on the horizon that could impact the market. The week will kick off with bank holidays in Japan and China, marking National Foundation Day and the Spring Festival, respectively....
GBPUSD Technical Analysis – Just a retest or we go back into the range?
USDThe Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a...
Italian Industrial Production m/m 1.1% vs 0.8% expected
The Italian industrial production index measures the output of industrial activities in Italy, including manufacturing, mining, and utilities, but excluding construction. It is a key economic indicator that provides insight into the health and performance of the...
Market Recap – Yen, Oil & Bitcoin Hit Key Resistance Levels Ahead of US Inflation Week
Economic Indicators & Central Banks: Markets are closed for the holiday in mainland China, Taiwan, South Korea, Indonesia, the Philippines and Vietnam. Treasuries declined for a 2nd straight session & Wall Street closed with small gains, as the market...
Friday 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,...
ECB’s Villeroy Says the ECB Will Probably Cut Rates This Year
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,...
USDCAD Technical Analysis – Watch what happens around this key support
USDThe Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a...
German Final CPI m/m 0.2% vs 0.2% expected
The previous print was 0.2%.No expected market impact as it doesn’t deviate from the consensus. German Final CPI m/m refers to the final release of the Consumer Price Index (CPI) for Germany on a month-over-month (m/m) basis. Economic indicators often undergo...
NZD Outperforms on Rate Hike Bets
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’s Kazaks Not Optimistic for Spring Rate Cuts
ECB's Kazaks, in an interview with Latvian Radio as reported by Bloomberg, emphasized that monetary policy is effective and noted a significant decline in inflation.He also highlighted geopolitics as the primary risks for inflation. He mentioned that this year will...
BOEs Haskel: Waiting for More Evidence on Inflation Before stopping Raising Interest Rates
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,...
Today’s Key Focus: Final CPI in Germany and Industrial Production data in Italy
Good morning everyone, I'm Gina Constantin and I’m covering for Justin today. I am a global macro analyst and trader based in Romania with a background in economics and international affairs. The economic calendar looks relatively light, though we might have...
ForexLive Asia-Pacific FX news wrap: NZD jumps on rate hike forecast
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,...
IMF says Bank of Japan should consider ending its YCC and massive asset purchases now
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,...
RBA Governor Bullock warned on inflation today, market pushed rate hike forecasts later
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,...