Canada retail salesPrior month +0.1% (was expecting 0.0%)The July advanced estimate last month was for a 0.4% gainRetail sales for July 0.3% versus 0.4% expected. Sales advanced in 7 of the 9 subsectors led by an increase in food and beverages of 1.3%Ex Auto 1.0% vs...
Canada retail sales will be released at the bottom of the hour.
At the bottom of the hour Canada retail sales for July will be released. The expectations are for 0.4% versus 0.1% last month. The estimate for July released last month was for a 0.4% gain.Ex Auto, the expectations are for 0.5% versus -0.8% last month. Auto sales held...
ECB’s de Guindos: Risks to inflation are now balanced
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: Euro, pound drop on PMI misses
Headlines:Markets:NZD leads, JPY lags on the dayEuropean equities lower; S&P 500 futures up 0.2%US 10-year yield flat at 4.482%Gold up 0.3% to $1,925.47WTI crude up 1.0% to $90.57Bitcoin up 0.2% to $26,651It was a relatively lively session as the euro and pound...
하루 5분! 집에서 폰으로 쉽게 용돈버는 새로운 부업 BEST2 (10만원 상품권 무료 증정 이벤트 포함! 지금 바로 따라해보세요)
https://www.youtube.com/watch?v=9qNJsGY5okM 재택 부업을 비롯해, 그동안 돈버는 다양한 직장인 부업과 투잡을 소개해드렸는데요, 오늘은 하루 5분 정도만 써서 초간단으로, 언제 어디서나 매일 용돈버는 새로운 2가지 방법을 소개하려고 합니다. 폰만 있으면 누구나 쉽게 도전해볼 수 있는 부업인데요, 영상을 보시고, 월급 외 부수입에 관심이 있으신 분은 지금이라도 당장, 가벼운 부업에 도전하셔서 조금이라도 월급 외 수익을 가져 가시길 추천드립니다....
Dollar sits mixed on the day, consolidates gains on the week
The snapshot today is that the dollar is down against the commodity currencies but higher against the European currencies and the Japanese yen. The poor PMI data in Europe and UK are proving to be the bane for the euro and pound respectively, while the BOJ failing to...
Central Banks Hold Steady: BoE, SNB, and a Closer Look at the UK
BoE and SNB left interest rates on hold, against expectations for additional tightening in both the UK and Switzerland. Both central banks maintained a tightening bias, but the BoE in particular is now expected to peak much earlier than thought just a couple of months...
Where to next for USD/JPY, GBP/JPY and GBP/USD following BOE and BOJ rate decisions?
Article written by Axel Rudolph, Senior Market Analyst at IGUSD/JPY puts pressure on its 10-month highThere is no stopping USD/JPY’s advance as the US dollar is on track for its tenth consecutive week of gains amid the Federal Reserve’s (Fed) hawkish pause while the...
USDJPY Technical Analysis – The economic data is key
US:The Fed left interest rates unchanged as expected.The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike by the end of the...
UK September CBI trends total orders -18 vs -18 expected
The order books measure is as per estimates, seen falling once again. But adding to the woes of UK manufacturers is that output is seen falling again with the reading at -10 in the three months to September, though slightly improved from the -19 reading in the three...
Market Update – September 22 – A Sideways Friday?
Wall Street closed with broad losses, but sentiment stabilised somewhat overnight, with China bourses outperforming. Japanese markets didn’t benefit from the BoJ’s ongoing commitment to its ultra-accommodative policy settings and the Yen sold off as the...
UF AWARDS Global 2023 Winners Revealed
The industry’s elite were on full display on Thursday evening with the highly anticipated UF AWARDS Global 2023 ceremony making a noteworthy splash. All the top brands across multiple industry verticals within fintech and financial services were vying for the...
Cable anchored at six-month lows as PMI data disappoints
The pound nudged lower after the data here, which showed a further slump in services activity. The continued downturn is prompting a call by S&P Global that the UK economy will contract by 0.4% in Q3, underscoring the faltering momentum in the second-half of the...
UK September flash services PMI 47.2 vs 49.2 expected
Prior 49.5Manufacturing PMI 44.2 vs 43.0 expectedPrior 43.0Composite PMI 46.8 vs 48.7 expectedPrior 48.6The BOE did mention that they had gotten a glimpse of the data here and with the services reading falling to a 32-month low, you can understand more on why they...
AUDUSD Technical Analysis – Still stuck in a range
US:The Fed left interest rates unchanged as expected.The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike by the end of the...
Euro area PMI takeaways
I'll try to keep things short and simple with this one, as we saw the euro do a bit of a down and up move after some contrast in the French and German PMI readings:EUR/USD 5 mins chartThe Eurozone economy continues to stay in contraction territory at the end of Q3....
UBS joins in on the chorus, cuts BOE terminal rate forecast to 5.25% from 5.50% 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,...
Eurozone September flash services PMI 48.4 vs 47.7 expected
Prior 47.9Manufacturing PMI 43.4 vs 44.0 expectedPrior 43.5Composite PMI 47.1 vs 46.5 expectedPrior 46.7Overall activity remains in contraction at the end of Q3 but at least it is some improvement to August. Demand conditions remain very weak however, with new orders...
Germany September flash manufacturing PMI 39.8 vs 39.5 expected
Prior 39.1Services PMI 49.8 vs 47.2 expectedPrior 47.3Composite PMI 46.2 vs 44.8 expectedPrior 44.6The beats here, in particular the services sector, is some relief for the euro. But make no mistake, these are still rather poor readings when you take them at face...
BOJ’s Ueda: Sustainability of wage hikes the most important thing for inflation outlook
One of the most important factors to judge prices is strength of wage growthThis looks to be a rather indirect way of saying that they are going to kick the can down the road until the spring wage negotiations in March next year, before firming up any ideas on a...