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,...
US February ISM manufacturing 47.8 vs 49.5 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,...
US Feburary S&P Global final manfacturing PMI 52.2 vs 51.5 prelim
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,...
Canada February S&P Global manufacturing PMI 49.7 vs 48.3 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,...
BOE’s Pill: My baseline is that the time for cutting rates is some ways off
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,...
ISM manufacturing highlights the US economic calendar today
Welcome to March trading. If you haven't read my March seasonals package yet, check it out.As the calendar turns over, the yen is giving back all of Thursday's gain while the rest of the FX market is still and oil is on a bit of a run.There is no early US data today...
Fed’s Barkin: Yesterday was a high inflation report
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,...
Martin Schlegel a likely candidate to replace Swiss National Bank’s Jordan
SNB's Chairman JordanI can't think of a G10 central banker who has been at it longer than Thomas Jordan, he was a deputy at the SNB when the financial crisis started.In all, he's been at the central bank for 27 years but the 61-year-old told the SNB yesterday that he...
Goldman Sachs pushes back first ECB rate cut call to June from April previously
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 European FX news wrap: Dollar mixed, gold at one-month high
Headlines:Markets:EUR leads, JPY lags on the dayEuropean equities higher; S&P 500 futures down 0.1%US 10-year yields down 1.3 bps to 4.238%Gold up 0.5% to $2,054.10WTI crude up 1.5% to $78.61Bitcoin up 1.2% to $62,188There wasn't too much action in European...
Bond yields fall back lower in European morning session
It's been a choppy one for the bond market as 10-year yields in the US went up as high as 4.28% earlier only to fall back to 4.22% on the day now. The overall price action is still not really helping the bigger picture outlook, as outlined earlier here.But amid the...
Eurozone January unemployment rate 6.4% vs 6.4% 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 February preliminary CPI +2.6% vs +2.5% 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,...
Stocks Rise To A New All-Time High! ECB Considers An Earlier Pivot.
The US Core PCE Price index read 0.4% in line with analysts’ expectations. January’s Core PCE Price Index was the highest reading since May 2023. The US Dollar Index ended the day higher but did come under pressure at times from the inflation reading. The NASDAQ again...
UK February final manufacturing PMI 47.5 vs 47.1 prelim
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,...
Treasuries still in limbo as we get into March trading
It has been a frustrating last two weeks if you're watching the bond market, to say the least. 10-year Treasury yields have trended sideways, not offering much of anything to work with. Since the break above 4.20% earlier this month, yields are capped by the ceiling...
Eurozone February final manufacturing PMI 46.5 vs 46.1 prelim
Prior 46.6Despite Germany's woes, the overall Eurozone manufacturing sector is seeing better days in February. New orders and purchasing activity saw their slowest contractions since March last year, although output held unchanged to January - which was the...
Germany February final manufacturing PMI 42.5 vs 42.3 prelim
Prior 43.1This marks a setback for Germany's manufacturing sector, as the reading is a four-month low. Both output and new orders saw their downturns intensify on the month, with employment conditions also starting to be pressured further. It just reaffirms that...
France February final manufacturing PMI 47.1 vs 46.8 prelim
Prior 43.1A slightly positive revision reaffirms a modest bounce back in activity in France's manufacturing sector. The contractions in output and new orders softened considerably in February while business optimism improved to its best since May last year. HCOB notes...
Gold faces up against a key question towards the end of the week
Gold is down 0.2% to $2,040 after a push earlier to $2,048 levels to start European morning trade. It coincides with a move higher in yields, with 10-year Treasury yields now up 2.8 bps to 4.28% on the day. But perhaps gold's slight retreat is also a more...