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Inflation Fears Grip the Market: DJIA Eyes Data Amid Recent Upsurge!
The Dow Jones reaches a 45-day high before investors cash-in profits ahead of this afternoon’s inflation reading. Producer and Consumer inflation has risen for 3 consecutive months, but investors hope for a “cool-down” in April. 73% of the Dow Jones’ stocks trade...
US unveils steep tariff hikes on Chinese chips, cars
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,...
Germany May ZEW survey current conditions -72.3 vs -75.8 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,...
What are the main events to look out for today?
The market today will focus mostly on the US PPI figures even though we will also get the latest US NFIB report and hear from Fed Chair Powell. The US Core PPI Y/Y is expected at 2.4% vs. 2.4% prior, while the Core M/M measure is seen at 0.2% vs. 0.2% prior. US PPI...
Sterling Steady as UK Jobless Rate Rises, Wage Pressures Keep BoE Vigilant
UK Unemployment Rate Rises to 4.3%, While Earnings Remain ElevatedThe UK unemployment rate rose to 4.3% in March from a prior 4.2% as tight monetary conditions are slowly having an effect on the real economy. One area where contractionary policy is not having as much...
BOE’s Pill: We can cut interest rates while maintaining restrictive policy stance
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,...
BOE’s Pill: There is still some work to do on inflation persistence
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,...
DailyForex Reveals the 5 Top-Rated Scalping Forex Brokers
DailyForex analysts have unveiled the best trading platforms for scalping Forex in 2024. Scalping is a popular trading strategy in the Forex market and is one of the key trading strategies for 2024, but not all brokers allow it. Trading specialists at DailyForex have...
GBPUSD Technical Analysis – The focus switches to the US PPI data
Fundamental OverviewToday the UK labour market report showed job losses and an uptick in the unemployment rate, although wage growth remained sticky at high levels. The data hasn’t changed anything for the market though as the focus remains on the two UK CPI reports...
Russian president Putin to visit China later this week
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,...
Spain April final CPI +3.3% vs +3.3% y/y 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,...
What has changed after the UK jobs data?
The UK labour market report showed once again job losses and another uptick in the unemployment rate. On the other hand, wage growth remained sticky at high levels with the data beating expectations. Nonetheless, the data was consistent with the BoE's forecasts and...
BOJ to hold off next rate hike until September, says former central bank executive
Momma says that the BOJ is likely to want to wait until September at least before hiking rates again. That is so policymakers can gather more information from the government's monthly wage data for July and August, to confirm whether or not the stronger wage hikes...
UK March ILO unemployment rate 4.3% vs 4.3% expected
Prior 4.2%Employment change -177k vs -220k expectedPrior -156kApril payrolls change -85kPrior -67k; revised to -5kAverage weekly earnings +5.7% vs +5.5% 3m/y expectedPrior +5.6%; revised to +5.7%Average weekly earnings (ex bonus) +6.0% vs +5.9% 3m/y expectedPrior...
Germany April final CPI +2.2% vs +2.2% y/y 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,...
FX option expiries for 14 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD at the 1.0750 and 1.0800 levels. The latter will be of more interest as it acts alongside offers at the figure level and the 200-day moving average at 1.0790 in limiting topside...
The wait continues..
That will once again make for a quieter session in Europe, barring any surprise headlines. The dollar is little changed currently, after having traded more mixed yesterday. Meanwhile, US stocks started the week in a more muted tone with the S&P 500 closing flat....
US PPI due on Tuesday – Here are the ranges of estimates (& why they’re crucial to know).
Ahead of the much-anticipated CPI data due Wednesday is the 'wholesale' level inflation data, the PPI.Re the PPI.For the PPI excluding food and energy y/y (the red highlit data point above) the range is 2.3 to 2.5%Data results that fall outside of market low and high...
Federal Reserve Chair Powell is speaking on Tuesday, Cook also
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