The pair is now up 0.6% to 1.0880 levels as buyers will have more confidence in the break of the 200-day moving average (blue line) of 1.0827 now. The French PMI data came in with beats across the board, which is a welcome development for the ECB.EUR/USD daily...
France February flash services PMI 48.0 vs 45.6 expected
Prior 45.4Manufacturing PMI 46.8 vs 43.5 expectedPrior 43.1Composite PMI 47.7 vs 45.0 expectedPrior 44.6Those are strong beats across the board and the euro is up to fresh highs on the day now. This diminishes the odds of an April rate cut, now seen at ~43%. Going...
European stocks light up at the open as risk trades soar
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Dollar struggles to start European morning trade
The dollar is the laggard today and we're seeing the losses extend to get things going in European trading. It's not just a case of dollar weakness at the moment, as there are some key technical levels being challenged. Of note, both EUR/USD and AUD/USD are pushing...
France February business confidence 98 vs 98 prior
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FX option expiries for 22 February 10am New York cut
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PMI data the highlight on the economic calendar today
The dollar is slightly lower as we get into the thick of things today, as risk trades are buoyed following Nvidia's earnings beat. EUR/USD is up 0.2% to 1.0838 while GBP/USD is up 0.1% to 1.2645 currently. USD/JPY is down 0.1% to 150.20 with slightly lower yields also...
Japan finance minister says there is no ‘defense line’ in exchange rate
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Risk sentiment very much buoyed after Nvidia earnings
And boy, did they deliver. S&P 500 futures are up 0.7% while Nasdaq futures are up 1.5% on the day currently. There were some jitters in the early yesterday but some late dip-buying helped to offset that a little. All before the earnings beat, which is leading to...
Survey shows analysts expect the RBA to lower its cash rate in Q3 (prior Q4)
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ForexLive Asia-Pacific FX news wrap: Japan benchmark Nikkei 225 index hits new record high
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BoJapan Gov Ueda says Japan’s inflation is rising – will make appropriate policy decision
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Reuters poll: 83% of analysts surveyed expect BOJ to end negative rates in April
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Federal Reserve speakers Thursday include Jefferson, Harker, Kashkari, Cook and Waller
It's a packed speakers agenda from the Fed coming up.The times listed are in GMT / US Eastern time format:1500 / 1000 Federal Reserve Vice Chair Philip Jefferson speaks on the U.S. economic outlook and monetary policy before a Peterson Institute for International...
Its official, Japan’s Nikkei 225 index has hit a new all-time high
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Bank of England Monetary Policy Committee member Megan Greene speaking Thursday
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RBNZ survey shows household 2-year inflation expectations rising to 3.2% (prior 3.0%)
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Bank of Korea Governor Rhee sees potential for rate cuts
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Major Australian port used to export iron ore has started clearing ships ahead of cyclone
Dampier is a major industrial port in the Pilbara region in the northwest of Western Australia. Its used by Rio Tinto Group to export iron ore. The port began clearing ships from the harbour ahead of a cyclone that’s expected from Friday. all port anchorages are...
Toyota has cut its March and April domestic production plans
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