We're at the end of yet another week filled with impactful data, especially from the US. Throughout this week, we've delved into the US CPI and the retail sales. I almost forgot to mention the positive data that came from Australia yesterday. Employment figures rose,...
DXY Rebounds Off Lows, Ends Flat; AUD, NZD Tumble; Risk-Off
This article was written by ACY Securites’ Michael Moran.Mixed Data, Lower Yields, Fed Uncertainty Weigh on SentimentSummary:The Dollar Index, a popular gauge of the Greenback’s value against a basket of 6 major currencies ended flat at 104.35, after dropping to...
10-year Treasury yields fall towards key technical level
As we look towards the closing stages of the week, the main focus is on the bond market. And with yields slipping further in European trading, it is sparking some broader market moves. Of note, USD/JPY is now down 0.8% to 149.55 while stocks are beginning to pick up...
USD/JPY slides below 150.00 as yields continue to fall
USD/JPY hourly chartThe pair is now down to its lowest level since last Monday in a drop below the 150.00 mark amid a continued fall in Treasury yields. 10-year yields are now down 6 bps to 4.385% and that is dragging the dollar down with it as USD/JPY is the notable...
Eurozone September current account balance €31.2 billion vs €27.7 billion prior
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European equities look to end the week with a flourish
Eurostoxx +0.4%Germany DAX +0.4%France CAC 40 +0.4%UK FTSE +0.5%Spain IBEX +0.5%Italy FTSE MIB +0.4%It's a positive start after the mixed showing yesterday, as European indices are looking to lock in gains for yet another week. For German stocks, it will be the third...
China, US agree to hold first commerce working group meeting in Q1 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,...
Pound dips lower after softer UK retail sales once more
It is another month of disappointment for UK retail sales activity, with the data here missing on estimates significantly once again. ONS cites retailers as saying that cost of living pressures, reduced footfall, and wet weather in the second-half of October to have...
USDCAD Technical Analysis – The market focus switched towards the recession?
USDCADThe BoC left interest rates at 5.00% as expected but remains prepared to raise rates further if needed.BoC Governor Macklem delivered a less hawkish speech in the press conference compared to his previous remarks. The recent Canadian CPI missed expectations...
UK October retail sales -0.3% vs +0.3% m/m expected
Prior -0.9%; revised to -1.1%Retail sales -2.7% vs -1.5% y/y expectedPrior -1.0%; revised to -1.3%Retail sales (ex autos, fuel) -0.1% vs +0.4% m/m expectedPrior -1.0%; revised to -1.3%Retail sales (ex autos, fuel) -2.4% vs -1.5% y/y expectedPrior -1.2%; revised to...
FX option expiries for 17 November 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD, layered in between 1.0800 through to 1.0875. That should keep price action more contained once again in the session ahead, likely revolving in and around the 1.0850...
Japan core inflation likely accelerated again last month – Reuters poll
This is from the latest Reuters poll on Japan inflation estimates, ahead of the CPI data release on 24 November. The median estimate is for annual core CPI to be at 3.0% in October, up from the 2.8% reading from the month before. Mitsubishi UFJ comments that "the pace...
UK retail sales the highlight in European trading today
Major currencies are once again looking a bit more tentative after a mixed showing yesterday. The dollar was steadier initially before losing some ground amid a drop in Treasury yields although the antipodeans remained the laggards. The aussie and kiwi are still in a...
Treasury yields hold at the lows ahead of the final stretch of the week
The dollar may not be down for the count just yet but flailing Treasury yields is not really helping with the overall mood at the moment. 10-year yields were trounced lower on Tuesday before seeing a light bounce on Wednesday. But the latter was basically negated by...
Federal Reserve Friday speakers will discuss full employment, payments, and the economy
The times below are in GMT / US Eastern time layout:1345 / 0845 Federal Reserve Bank of Boston President Susan Collins speaks before the 67th Economic Conference, 'Rethinking Full Employment" 1345 / 0845 Federal Reserve Vice Chair for Supervision Michael Barr...
Oil demand growth to remain solid in 2024, Goldman Sachs forecasts Brent at $92/bbl
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BOJ Gov Ueda says cannot say right now when the BOJ will change ultra-easy policy
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Japanese Prime Minister and Chinese Communist Party Chairman hold discussions
Chinese Communist Party Chairman Xi Jinping met with Japanese Prime Minister Fumio Kishida.Kishida statements following the meeting, plenty of points of contention between the two: There are many areas of common interests as well as issues between Japan and ChinaWas...
ForexLive Asia-Pacific FX news wrap: BOJ Gov Ueda said will maintain easy policy
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 President Lagarde heads a long list of speakers due Friday
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,...