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USDCAD Technical Analysis – All eyes on the US CPI report today
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...
FMAS:24 Website Now Live – Get Ready for the Premier Event in Africa
Registration is now live for Finance Magnates African Summit 2024 (FMAS:24), the year’s largest professional event bridging the B2B and B2C space. The landmark event is returning for its second year this May 27-29, helping connect regional and local providers with...
Germany February ZEW survey current conditions -81.7 vs -79.0 expected
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Gold Climbs Ahead of Inflation and the GBP Jumps on Positive Data!
The UK Claimant Count Change and Average Earnings Index both read higher than analysts’ expectations, supporting the Pound. The best performing currency of the day so far continues to be the Pound after positive economic data. However, the main price driver of the...
The Leading Online Trading Expo is Coming to Mexico
iFX EXPO LATAM 2024 is set to take place in Mexico City on April 9-11, 2024. This global online trading event is expected to be highly sought after, with over 1.6K+ companies and 3.5K+ attendees from more than 120 countries, including thousands of traders preparing to...
Equities retreat further to start the session
S&P 500 futuresOf note, S&P 500 futures are now down some 17 points, or 0.3%, on the day. In turn, European indices are also dribbling lower with the DAX down 0.6% and CAC 40 down 0.3% currently.This looks to be traders taking in some caution as we move...
German official defends economic state, argues that “we don’t have a recession”
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Swiss franc drops on softer inflation numbers
The Swiss franc is testing the lows for the year against the euro now, following the inflation report here. The data reaffirms that price pressures in the Swiss economy is keeping just below 2% and that puts the SNB in a rather enviable position among major central...
Switzerland January CPI +1.3% vs +1.7% y/y 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,...
Pound nudges a little higher after UK jobs data
The UK jobs data here was better than expected, even though it might come with some caveat. Traders are looking past that as the pound pushes higher with GBP/USD up from 1.2620 to 1.2640 levels currently.GBP/USD daily chartThe pair had looked like it was setting out...
UK December ILO unemployment rate 3.8% vs 4.0% expected
Prior 4.2%January payrolls change 48kPrior -24k; revised to 31kDecember employment change 72k vs 73k expectedPrior 73kDecember average weekly earnings +5.8% vs +5.6% 3m/y expectedPrior +6.5%; revised to +6.7%December average weekly earnings (ex bonus) +6.2% vs +6.0%...
GBPUSD Technical Analysis – Key levels in play ahead of the UK jobs data
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...
FX option expiries for 13 February 10am New York cut
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UK labour market report coming up in European trading
All eyes are on the US CPI data coming up later today. And only that will shake off the more tentative mood in markets to start the new week so far. The dollar is keeping steadier as we look towards European trading but I wouldn't expect much more fireworks until we...
There’s only one game in town in markets today
The week won't officially begin until we get the inflation numbers later. Major currencies were sidelined yesterday and while equities initially ripped higher, US stocks gave it all back to wrap up the trading day. That speaks to the tentative mood as we await the...
Japan PM Kishida intensifying efforts to meet North Korea’s Kim Jong Un – summit meeting
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ForexLive Asia-Pacific FX news wrap: NZD drops on lower inflation expectations, USD pop
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RBNZ unlikely to hike its cash rate this year, and ‘forget about easings’ too
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