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 January final services PMI 47.7 vs 47.6 prelim
Prior 49.3Composite PMI 47.0 vs 47.1 prelimPrior 47.4The German economy continues to decline to start the year, with the composite reading falling to a three-month low. While the manufacturing recession is easing, the services sector continues to stutter as well and...
France January final services PMI 45.4 vs 45.0 prelim
Prior 45.7Composite PMI 44.6 vs 44.2 prelimPrior 44.8That's a slight improvement to the initial estimates but the French economy did fare marginally worse than it did in December to start the new year. Of note, the services sector contracted once again and that streak...
Italy January services PMI 51.2 vs 50.8 expected
Prior 49.8Composite PMI 50.7Prior 48.6The Italian economy returns to growth, albeit marginally, in January thanks to an improvement in its services sector. Output and sales were both up for the first time in six months but price pressures are seen intensifying in what...
Market Outlook for the Week of 5th – 9th February
The upcoming week is expected to be relatively light, which is typical following the release of the NFP report. On Monday, attention will center on the Services PMIs for the eurozone, the U.K. and the U.S.Moving to Tuesday, the RBA's monetary policy announcement will...
Spain January services PMI 52.1 vs 52.1 expected
Prior 51.5Spain's services sector activity improved amid better demand conditions to start the new year. Adding to the positive developments is a pick up in jobs growth to its best level since May last year. However, price pressures remain a problem and that will make...
European equities little changed as the new week gets underway
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 December trade balance €22.2 billion vs €18.8 billion 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,...
FX option expiries for 5 February 10am New York cut
There is just one to take note of, as highlighted in bold.That being for USD/JPY at the 148.00 mark. However, it isn't a level which holds much technical significance at the moment although there might be some bids lined up there on the day. As such, it could help to...
The bond market remains a key focus in trading this week
It was a tale of two halves in the bond market last week. The first saw peculiarly strong bids in Treasuries, which led to a big drop in USD/JPY and a decent rally in the likes of gold. The second was a reversal of that after the Friday jobs data, in which bonds were...
ForexLive Asia-Pacific FX news wrap: Fed Chair Powell spoke, reiterated Wednesday comments
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,...
Bank of England Chief Economist Huw Pill speaking Monday, 5 February 2024
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,...
An Australian citizen has been given a (suspended) death sentence by a Chinese court
Chinese-born Australian citizen writer Yang Jun has been given a suspended death sentence in China. The death sentence came with a two-year reprieve that could see him given life imprisonment instead.Australia's Foreign Minister Penny Wong describes it as "harrowing...
Bank of Canada Governor Macklem speech on Monday 5 February 2024, & news conference after
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,...
Chinese stock markets continue to get slammed lower
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 Federal Reserve speakers on the agenda for Monday, 5 February 2024
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,...
New quality glitch to delay some Boeing 737 MAX deliveries – mis-drilled holes
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,...
US Central Command said forces conducted strikes on four Houthi cruise missiles
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,...
China Caixin Services PMI for January 52.7 (prior 52.9)
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,...
PBOC cuts RRR by 50bp from 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,...