The USA100 is increasing in value for a seventh consecutive week and continues to renew its highs for 2023! The USA100 is only 0.65% lower from fully regaining all of the “lost ground” from 2022. The asset saw a sharp decline after the Ukraine-Russia conflict and the...
Fed rate cut in March too soon but remains a possibility – BofA
The firm forecasts an increase in core consumer price inflation by 0.32% on the month in November, largely due to “swings in volatile components”. Elaborating on that, BofA says:“We expect used car prices to increase because wholesale prices temporarily rose in both...
Impact of US CPI data to near-term monetary policy outlook should be limited – Nomura
The firm expects core consumer price inflation to move up by 0.3% in November, similar to economist estimates, citing a rebound in some of the volatile components that declined in October, including used vehicle prices and airline fares."An expected rebound in monthly...
European equities a touch higher to start the day
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Germany November wholesale price index -0.2% vs -0.7% 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,...
UK November payrolls change -12k vs 33k prior
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FX option expiries for 12 December 10am New York cut
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GBPUSD Technical Analysis – Watch what happens around this key resistance
USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement.Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.The latest US Core...
UK labour market report in focus in the session ahead
The dollar is slightly on the softer side but it is still too early to decide anything, not least in the context of trading this week. For today, all eyes are on the US CPI report to come later as that will be the main event for markets in general.But before we get to...
Dollar slightly on the backfoot, US CPI data eyed
The greenback is slightly lower on the day but it is still early to be deciding its fate as markets are eyeing the US CPI data to come later. So, I wouldn't look too much into the early moves but let's at least take a look at the technicals. USD/JPY is down 0.5% to...
US inflation the main event in trading today
In terms of economic data releases these days, there is none bigger than the US CPI report. And we are going to get that today all before the other important items on the agenda later this week as seen here. The estimates show that headline annual inflation is to fall...
ForexLive Asia-Pacific FX news wrap: USD/JPY falls back to 145.50
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GBP/USD forecast: Goldman Sachs predicts rise to 1.30 amid dovish outliers
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UK firms delaying new investments in China amidst slowing economy
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Goldman Sachs Asset Management sees potential dip in stocks, advises buying
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Reserve Bank of New Zealand to re-weight NZD trade-weighted index: What you need to know
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Unexpected rise in November US Core CPI could impact future rate cuts timing
US inflation data for November is due at 0830 US Eastern time on Tuesday, 12 December. The consensus estimates:The range of estimates for important data is good to be aware of. While it seems unlikely that this data for US CPI will be likely to sway the Federal Open...
Commercial vessel in flames in the Red Sea – missile attack – Houthi territory in Yemen
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USD losing ground in Asia trade, USD/JPY back to 145.50
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