Prior -25.1; revised to -25.4As we get into the new year, the dark clouds continue to circle around German economy. And that is dashing any hopes of a recovery in the consumption sector especially. The unexpected dip here makes this the lowest reading since March last...
A couple of light data releases coming up in Europe today
Major currencies aren't up to much as the push and pull in trading this week is not giving traders much conviction to work with. That is exemplified by the situation in the bond market as outlined here earlier. So far today, dollar pairs are little changed and mostly...
Japan’s largest trade union chief reaffirms desire for wages and prices to grow further
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,...
Bond yields hold lower ahead of European trading
10-year Treasury yields are down around 3 bps to 4.097% on the day as yields are keeping lower ahead of European trading. The week has been exemplified by a push and pull mood with the high having touched 4.192% and the low being 4.075% on Monday. As you can see,...
EUR/USD on the edge after the drop yesterday
To be fair, Lagarde's speech went about as one would thought it would have. She acknowledged better inflation developments while reaffirming a more data-dependent approach. While she did say that it is fairly premature to discuss rate cuts now, she did mention that...
As a Commodity Currency, CAD Gets Support from Rising Oil Prices
The Bank of Canada kept the overnight interest rate at 5.00%, as expected. As stated, the BOC remains concerned about risks to the inflation outlook, particularly with regard to the persistence of underlying inflation. The central bank continues to monitor wage...
Nomura forecasts Fed rate cuts of 25bp in May, July, September and December 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,...
ForexLive Asia-Pacific FX news wrap: Tokyo inflation collapse, yen loses ground
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,...
Venezuela’s President Maduro says election deal with opposition could collapse
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Onshore yuan looks set for its first weekly gain in three weeks
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PBoC, government stimulus in China are merely a “painkiller, not a cure” for the economy
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,...
European Central Bank’s Centeno will be speaking Friday on monetary policy
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The US will sell over $130 million in bitcoin linked to the Silk Road forfeitures
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,...
Japan finance minister Suzuki says govmt and BOJ working together to hit inflation target
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Here are the ranges of importance for the US inflation data due on Friday
US inflation data is due on Friday, 26 January 2024 at 8.30 am US Eastern time:I posted a preview here:The US data day kicks off at 8.30am US Eastern time.For the m/m core PCE inflation the consensus (seen in the screen shot above) is 0.2% with a range of expectations...
PBOC sets USD/ CNY reference rate for today at 7.1074 (vs. estimate at 7.1733)
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’s Foreign Minister Wang Yi and US National Security Adviser Jake Sullivan to meet
Wall Street Journal (gated) reports that the two will meet in Bangkok to discuss the Houthi attacks on Red Sea shipping“China has influence over Tehran; they have influence in Iran. And they have the ability to have conversations with Iranian leaders that—that we...
North Koreas Kim Jong Un may order lethal military action against South Korea or US forces
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JP Morgan predict easing selling pressure on Bitcoin as Grayscale profit taking stabilizes
JP Morgan says in a note on Thursday that the bulk of the profit taking selling in Grayscale’s bitcoin ETF (GBTC) is likely to have been completed and that selling p[pressure on BTC should now ease. JPM had previously projected around US$3bn would depart GBTC as...
PBOC is expected to set the USD/CNY reference rate at 7.1733 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...