There is no particular headline driving the move but at the same time, risk appetite looks to be sapped after a mildly positive open earlier. European indices are now down around 0.1% to 0.3% with bond yields sitting a little higher on the day. The early flows are...
Eurozone November industrial production -0.3% vs -0.3% 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 November trade balance €20.3 billion vs €11.1 billion 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,...
German economy ministry says key economic headwinds likely to diminish this year
The economy ministry adds that a recovery will be primarily driven by the domestic economy, although early indicators do not signal any quick recovery as of yet. A positive takeaway is that German GDP is at least still 0.7% higher than what it was in 2019, the year...
JPN225 Again Renews its All-Time Highs, Yen Down Against All Currencies!
China keeps interest rates on hold at 2.5%, whereas investors were previously expecting another rate cut. Asian stocks mainly rise after the Bank of China announcement and Taiwan election results. The World Economic Forum kicks off in Davos. Economists, brokers and...
Market Outlook for the Week of 15-19 January
The week kicks off with a U.S. holiday in observance of Martin Luther King Jr. Day.On Tuesday, Australia will release the Westpac Consumer Sentiment data; the U.K. will print the Claimant Count Change, Average Earnings Index 3m/y and the unemployment rate; Canada will...
SNB total sight deposits w.e. 12 January CHF 476.3 bn vs CHF 468.8 bn 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,...
Germany 2023 full-year GDP -0.3% vs -0.3% 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,...
NZD/USD threatens bigger drop on break of recent consolidation
Besides outright weakness in Chinese yuan, I'm not seeing all too much other reason for the drop in the antipodean currencies today. The aussie and kiwi are among the laggards alongside the Japanese yen, with the kiwi being the weakest of the bunch. NZD/USD is down...
European equities hold light gains 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,...
Apple Had the Worst Start of the Year Since the 80s. What’s in Store Next?
The company, boasting the world’s largest capitalization, emerged as a gainer in the unstable market of 2023. However, the onset of 2024 witnessed a setback, with Apple stock decreasing for the first four sessions of the year. Let's delve into the reasons behind this...
China economic growth to slow to 4.6% in 2024 – Reuters poll
The latest poll by Reuters shows that economists are not convinced of much improvement in China's economic prospects for next year. The forecast shows 2024 GDP growth to slow to 4.6%, although this is a marginal improvement to the 4.5% forecast in the October...
FX option expiries for 15 January 10am New York cut
There are a couple to take note of, as highlighted in bold.And both are for EUR/USD, at the 1.0950 and 1.1000 levels. Given that there is still notable resistance at the 1.1000 mark, the expiries could help to keep price action more contained just below that and...
Germany December wholesale price index -0.6% vs -0.2% m/m 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,...
A slower start to the week with a US holiday overcast
The bond market is still the key spot to watch at the moment and with Treasuries out for the day, we have to wait until tomorrow to get a better sense of the recent moves at the end of last week. The sizzling bid at the front end is the main talking point and we'll...
Gold looks to get back on track in January trading
The US PPI data on Friday certainly sparked some notable moves in markets, with the standout being in the front end of the curve in Treasuries. At the same time though, that sparked a revival in gold that has seen a major technical turnaround as well:Gold (XAU/USD)...
ForexLive Asia-Pacific FX news wrap: Subdued ranges heading into the US market holiday
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,...
Barclays slashed their Brent Crude oil price forecast by $8 a barrel
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,...
WSJ survey of economists indicates that the probability of a US recession is down sharply
The latest Wall Street Journal (gated) survey of economists lowered the probability of a recession within the next year to 39% from 48% in the October surveyReasoning cited included: interest rates are trending lowergas prices are down from last yearincomes are...
Household spending in Australia, December, -3.1% m/m (prior +1.8%)
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,...