Forex News Live Today: The Ultimate Source for Forex News

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Are you looking for the latest and most reliable Forex news from all corners of the web? If yes, then “Forex News Live Today” is the perfect web page for you. It is the ultimate source of Forex news and analysis that scours the entire web for the latest news, wherever it appears, and brings it to you in one place. You can find Forex news from all known sources. “Forex News Live Today” saves you time and effort by doing all the work for you. You can get an overview of everything that's happening in the forex market with just one click. Monitoring this page regularly is the best way to stay ahead of the market and make informed Forex trading decisions. Good luck in your trading.

 

  The Latest Forex News Live Today:

  • US Corporate Profits Soar to 3.9% in Third Quarter 2023, Marking Impressive Growth

    Mar 28, 2024 | 11:30 am

    In a significant development for the United States economy, corporate profits surged to 3.9% in the third quarter of 2023. This marks a substantial increase from the previous indicator of 0.5% in the fourth quarter of 2023. The data, which was updated on 28 March 2024, reflects a strong Quarter-over-Quarter comparison, showcasing the remarkable growth in corporate profits during this period.The impressive rise in corporate profits is a positive sign for the economy, indicating improved performance and increased profitability for businesses in the US. This growth trend in corporate profits can have a ripple effect on various sectors, stimulating further economic activity and contributing to overall economic stability and growth. As the US continues on this path of robust corporate profits, it sets a promising tone for the future of the country's economy.The material has been provided by InstaForex Company - www.instaforex.com

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  • Russian Central Bank Reserves Drop to 590.1B USD as of March 28, 2024

    Mar 28, 2024 | 11:00 am

    The latest data on Russian Central Bank reserves reveals a decrease to 590.1 billion USD as of March 28, 2024, down from the previous recorded figure of 594.3 billion USD. The decline in reserves could impact Russia's ability to weather economic challenges or stabilize its currency in the face of external pressures. Analysts are closely monitoring the situation to assess the potential implications for the country's financial stability and exchange rate. As global economic conditions remain uncertain, fluctuations in central bank reserves can serve as a key indicator of a country's resilience in times of economic turmoil.The material has been provided by InstaForex Company - www.instaforex.com

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  • FinWise Bancorp Names Robert Wahlman CFO To Succeed Javvis Jacobson

    Mar 28, 2024 | 10:35 am

    FinWise Bancorp, the holding company of FinWise Bank, announced on Thursday that its current president, Jim Noone, has been appointed as the company's president.The company also revealed that Robert Wahlman has been appointed as Chief Financial Officer, with the changes taking effect immediately. Wahlman takes over the role from Javvis Jacobson, who will assume the role of the bank's Treasurer.Having spent over 35 years in the banking sector, Wahlman previously held the position of Chief Financial Officer at both Axiom Bank and Axiom Bancshares, Inc.The material has been provided by InstaForex Company - www.instaforex.com

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  • Gilead, Xilio Announce Exclusive License Agreement For Tumor-Activated IL-12 Program XTX301

    Mar 28, 2024 | 10:33 am

    Pharmaceutical companies Gilead Sciences, Inc. and Xilio Therapeutics, Inc. have recently announced a partnership on Xilio's early-stage tumor-focused program, XTX301. As part of this agreement, Gilead will provide Xilio with an initial payment of $43.5 million, which includes a $30 million cash component and a $13.5 million initial investment in Xilio's common stocks at a higher value than usual.In addition to the upfront payment, Xilio could potentially earn up to $604 million more in the form of contingent payments. These potential bonuses include further investment by Gilead into Xilio's stocks, a transition fee and specific payments that are dependent on the achievement of certain development, regulatory and sales milestones.Under the contract, Xilio will retain control over the clinical trial's current Phase 1 clinical trial until it reaches the dose expansion stage. Once Xilio submits the complete set of clinical data for XTX301, Gilead has an option to assume responsibility for the program's development and future commercialization. However, this decision is conditional on the agreement's terms and includes a payment of $75 million by Gilead to Xilio.Before the possibility of incurring a transition fee, Xilio could receive further investments up to $29 million and an additional milestone payment for development. This partnership is anticipated to slightly reduce Gilead's profits per share, as calculated through both GAAP and non-GAAP methods, in 2024 by approximately $0.03 - $0.04.The material has been provided by InstaForex Company - www.instaforex.com

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  • Italy's Consumer Confidence Weakens; Business Morale Improves

    Mar 28, 2024 | 10:33 am

    According to March survey results from the Italian statistical office, Istat, consumer confidence in Italy decreased for the first time in five months. The consumer sentiment index fell to 96.5 from February's 97.0. Within the specific components of the survey, the personal climate index fell to 94.6 from 95.2, the current climate index dropped to 96.0 from 97.0, and the economic climate remained mostly unchanged at 101.9. However, the future climate index experienced a slight increase to 97.2 from 97.1.Furthermore, the composite business confidence index showed improvement in March, rising to 97.0 from 95.9 in February. Manufacturing sector sentiment reached a seven-month high of 88.6, up from 87.5. Confidence in the construction sector also grew, with the index increasing from 102.5 to 105.8. Market services and retail trade sectors similarly saw a bolstering of confidence.The material has been provided by InstaForex Company - www.instaforex.com

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  • Mannatech Posts Narrower Loss In Q4; Net Sales Down 4.7%

    Mar 28, 2024 | 10:30 am

    Mannatech Incorporated (MTEX) reported a net loss of $1.8 million in the fourth quarter, equaling $0.94 per share. This is a significant decrease compared to the net loss of $6.5 million, or $3.50 per share, experienced in the fourth quarter of the previous year of 2022. The net sales for the fourth-quarter also saw a drop of 4.7%, coming at $32.7 million compared to the $34.3 million of the corresponding period in 2022.Stanley Fredrick, the Chairman of the Board of Mannatech, commented on these financial results by stating that the weakened demand throughout the fourth quarter was evident in the decline in sales compared to the same period in the prior year.The material has been provided by InstaForex Company - www.instaforex.com

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  • United States Jobless Claims Continue to Rise, Reaching 1819K

    Mar 28, 2024 | 10:30 am

    The latest data on continuing jobless claims in the United States shows a concerning trend as the number has increased to 1819K, up from the previous figure of 1807K. The updated information, as of 28 March 2024, indicates a rise in the number of individuals who have filed for unemployment benefits and continue to be out of work.The steady climb in jobless claims reflects ongoing challenges in the labor market, potentially signaling a slowdown in economic recovery or difficulties in certain industries. Economists and policymakers closely monitor these figures as they provide insights into the overall health of the economy and the impact on consumer spending and sentiment. As the situation continues to evolve, stakeholders will be paying attention to further developments in the job market and the effectiveness of government support programs to address unemployment concerns.The material has been provided by InstaForex Company - www.instaforex.com

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  • Initial Jobless Claims in the US Remain Stable at 210K

    Mar 28, 2024 | 10:30 am

    Recent data from the United States shows that initial jobless claims have held steady at 210,000. This figure reflects the number of individuals filing for unemployment benefits for the first time, indicating the state of the job market and overall economy. With the previous indicator also standing at 210,000, there has been no significant change in the number of new claims.The consistent level of initial jobless claims suggests that the labor market in the US remains relatively stable. This data is crucial for policymakers, economists, and investors as they assess the strength of the economy and potential future trends. As of the latest update on March 28, 2024, the figures indicate a continued sense of stability in the job market despite ongoing global economic challenges.The material has been provided by InstaForex Company - www.instaforex.com

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  • U.S. Jobless Claims 4-Week Avg. Remain Steady at 211K

    Mar 28, 2024 | 10:30 am

    The latest data released on March 28, 2024, shows that the 4-week average of jobless claims in the United States has remained stable at 211,000. This figure is in line with the previous indicator, which also stood at 211,250. The consistency in these numbers suggests that the labor market is holding steady, with no significant increase or decrease in initial claims for unemployment benefits.While the exact date of when these events occurred is not provided, the most recent data update indicates that the job market in the U.S. is maintaining its course. Economists closely monitor jobless claims data as it serves as a key indicator of the labor market's health and overall economic conditions. The fact that the 4-week average has not seen a significant change is regarded as a positive sign for the economy, indicating that the job market remains relatively stable. Investors are likely to find reassurance in this latest update on jobless claims.The material has been provided by InstaForex Company - www.instaforex.com

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  • Canadian Average Weekly Earnings Decrease Slightly in January 2024

    Mar 28, 2024 | 10:30 am

    According to the most recent data released on March 28, 2024, Canadian average weekly earnings experienced a slight decline in January 2024 compared to the same period the previous year. The average weekly earnings indicator stopped at 3.9% in January 2024, down from 4.46% in December 2023.The comparison, which is year-over-year, shows a decrease in the growth rate of average weekly earnings in Canada. While the difference is modest, it indicates a slowdown in the rate of increase in earnings from the previous year.These figures provide valuable insights into the labor market trends in Canada and offer a glimpse into the economic landscape of the country. Economists will continue to monitor these indicators closely to assess the overall health of the Canadian economy and its impact on individuals and households.The material has been provided by InstaForex Company - www.instaforex.com

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  • Canadian GDP Shows Significant Improvement in January 2024

    Mar 28, 2024 | 10:30 am

    The latest data update reveals that Canada's Gross Domestic Product (GDP) experienced a notable upturn in January 2024, with the indicator reaching 0.6%. This positive shift marks a significant improvement compared to the previous period when the GDP had dipped to -0.1% in January 2024. The month-over-month comparison highlights the turnaround in economic performance, reflecting a promising trajectory for Canada's financial landscape. As of 28th March 2024, the revised figures indicate a noticeable boost in economic activity, signaling a potential upswing in the country's overall economic prospects.The material has been provided by InstaForex Company - www.instaforex.com

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  • US Core PCE Prices Slightly Dip to 2% in Q4 2023

    Mar 28, 2024 | 10:30 am

    The latest data on the US Core PCE Prices for the fourth quarter of 2023 shows a slight dip from the previous indicator. The core PCE price index, closely monitored by the Federal Reserve as a measure of inflation, has dropped to 2% from its previous level of 2.1%. This change reflects a moderation in price pressures in the US economy during the last quarter of 2023.The updated figures, released on 28th March 2024, indicate that the inflationary momentum cooled off slightly compared to the previous period. The Core PCE index is a key metric used by the Federal Reserve to gauge inflation trends and make decisions regarding monetary policy. The small decrease in the Core PCE Prices suggests a tempered inflation outlook in the US, providing insights into the overall economic conditions in the country.The material has been provided by InstaForex Company - www.instaforex.com

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  • United States GDP Grows to 3.4% in Q4 2023

    Mar 28, 2024 | 10:30 am

    The United States GDP showed a growth of 3.4% in the fourth quarter of 2023, according to the latest data released on March 28, 2024. This marks a slight increase from the previous quarter, where the GDP stood at 3.2%. The comparison period used for this data is quarter-over-quarter, which means the current indicator is compared to the previous quarter.The growth in GDP is a positive sign for the economy, indicating that it is continuing to expand. This increase could be attributed to various factors such as consumer spending, business investments, and government expenditure. With the GDP figures on an upward trend, it suggests a healthy and stable economic environment in the United States. Investors and analysts will be closely monitoring these developments to assess the overall economic outlook of the country.The material has been provided by InstaForex Company - www.instaforex.com

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  • United States GDP Price Index Remains Stable at 1.7% in Fourth Quarter 2023

    Mar 28, 2024 | 10:30 am

    The United States GDP Price Index for the fourth quarter of 2023 remained stable at 1.7%, according to data updated on March 28, 2024. This indicator reflects the changes in the prices of goods and services within the country's economy. The comparison period, which is quarter-over-quarter, shows that there was no significant change in the index between the previous quarter and the current one.The stability in the GDP Price Index indicates that inflationary pressures within the United States economy have not seen a significant shift. Economists often analyze the GDP Price Index to understand how inflation is impacting overall economic growth. With the index holding steady, it suggests that the economy maintained a consistent rate of price increases at the end of 2023. Investors and policymakers closely monitor such indicators to make informed decisions about monetary policy and investments.The material has been provided by InstaForex Company - www.instaforex.com

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  • United States GDP Sales Increase to 3.9% in Fourth Quarter of 2023

    Mar 28, 2024 | 10:30 am

    The United States has experienced a positive growth in its GDP sales during the fourth quarter of 2023, with the indicator reaching 3.9%. This marks an improvement from the previous indicator of 3.5% during the same period in 2023. The data was updated on 28 March 2024, indicating a steady economic performance. This increase in GDP sales reflects a boost in consumer spending, investments, and overall economic activity in the country. The rise in GDP sales is a positive sign for the United States economy, showing resilience and strength in the face of global economic challenges.The material has been provided by InstaForex Company - www.instaforex.com

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  • United States PCE Prices Remain Stable at 1.8% in the Fourth Quarter of 2023

    Mar 28, 2024 | 10:30 am

    According to the latest data released on March 28, 2024, the Personal Consumption Expenditures (PCE) Prices in the United States remained unchanged at 1.8% during the fourth quarter of 2023. This figure matches the previous indicator from the same period, indicating stability in consumer price movements.The PCE price index is a key indicator used by the Federal Reserve to gauge inflation levels and consumer spending patterns. The fact that it held steady suggests that inflationary pressures have remained moderate, which could influence future monetary policy decisions by the central bank.As the Federal Reserve continues to closely monitor economic indicators like the PCE Prices, market analysts will be looking for any potential shifts in inflation trends that could impact the broader financial landscape.The material has been provided by InstaForex Company - www.instaforex.com

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  • US Real Consumer Spending Rises to 3.3% in Fourth Quarter 2023

    Mar 28, 2024 | 10:30 am

    In the latest economic update from the United States, real consumer spending saw a notable increase in the fourth quarter of 2023. According to data updated on March 28, 2024, the previous indicator had stagnated at 3% in the same quarter before climbing to 3.3%. This rise in consumer spending suggests a growing confidence among Americans in the economy, translating into increased purchases of goods and services. The uptick in real consumer spending could have positive implications for the overall economic growth and stability of the country as consumer spending plays a significant role in driving economic activity. As the US continues to navigate through various economic challenges, this boost in consumer spending comes as a welcome development that could potentially spur further growth in the upcoming quarters.The material has been provided by InstaForex Company - www.instaforex.com

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  • Germany Jobless Rate Remains Unchanged At 5.9%

    Mar 28, 2024 | 10:17 am

    The unemployment rate in Germany remained steady in March, as anticipated, according to data released by the Federal Labor Agency.The rate of unemployment remained consistent at 5.9 percent, matching both February's figures and predicted expectations.The count of individuals without work saw a marginal increase of 4,000, a figure that was less than the anticipated rise of 10,000 following a 12,000 increase in February.Additional data provided by Destatis revealed that the adjusted unemployment rate remained at 3.2 percent in February.February's total number of unemployed individuals stood at 1.41 million, this represented a 5,000 increase from the previous month, January.The material has been provided by InstaForex Company - www.instaforex.com

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  • American Oncology Network Q4 Revenue Improves On Growth In Patient Encounters

    Mar 28, 2024 | 10:16 am

    The American Oncology Network, Inc. (AONC) - a network focused on providing local access to cancer care through numerous community oncology practices - announced a growth in its fourth-quarter revenue this past Thursday. This rise was attributed to a surge of 9.5 percent in patient encounters, culminating in a revenue increase of $28.4 million.During the last quarter, the company tallied a net loss of $3.749 million, equivalent to $0.76 per share, specifically for class A shareholders. There were no profits or losses recorded during the same timeframe last year by the network.The total comprehensive loss reported for class A shareholders was around $3.688 million. The net loss, before any non-controlling interest was taken into account, was estimated at $22.353 million. This is a stark difference from the profit of $1.363 million posted the previous year.The network recorded an operating loss of $20.612 million, contrasting with a profit of $3.258 million in 2022. Eliminating certain factors, the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was $5 million - a decline from the previous year's $8 million, largely resulting from escalated drug costs.The company's overall costs and expenses saw a spike, increasing from last year's $297.140 million to $344.794 million. Meanwhile, revenue elevated to $324.182 million from $300.398 million last year.Patient service revenue also saw a commendable uptick, improving from the prior year's $297.425 million to $320.038 million.The material has been provided by InstaForex Company - www.instaforex.com

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  • Eurozone M3 Growth Improves; Private Sector Credit Rises At Faster Pace

    Mar 28, 2024 | 10:07 am

    The European Central Bank recently reported that the Eurozone's money supply experienced an accelerated growth, with an increase in private sector credit growth. The generalized monetary aggregate, M3, recorded an annual upswing of 0.4%, registering a significant increase from the 0.1% rise seen in January. This growth, marking the third consecutive increase, is also the fastest on record since June of the previous year.The data illustrated an increase in the annual growth rate of credit to the private sector, rising to 0.7% in February from January's 0.4%. Similarly, adjusted loans to the private sector exhibited an annual growth of 0.7%, indicating a rise from January's 0.4%.Breaking down credit growth by sectors, adjusted loans to households remained stable with an annual growth rate of 0.3% in February. At the same time, loans to non-financial corporations saw a growth rate that doubled to 0.4% from 0.2%.Reflecting on the current lending rate, ING economist Bert Colijn suggested that investment is likely to remain somber. Capital Economics' economist Jack Allen-Reynolds, however, predicted that the expected interest rate cuts later in the year may facilitate a gradual rebound in net lending growth, despite an expected slow recovery.The material has been provided by InstaForex Company - www.instaforex.com

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  • Walgreens Boots Alliance, Inc. Q2 Earnings Summary

    Mar 28, 2024 | 10:06 am

    The financial performance of Walgreens Boots Alliance, Inc. (WBA) featured remarkable highlights in the second quarter.While they experienced a loss of around $5.91 billion, as opposed to their earnings of $703 million in the same period the previous year, it was not all grim. Their earnings per share (EPS) were also at a negative with -$6.85 in Q2, a stark contrast to the EPS of $0.81 during the same period in the previous year. However, after taking certain items into consideration, Walgreens Boots Alliance, Inc. recorded an adjusted profit of $1.04 billion or $1.20 per share for that duration.With regard to their shares, analysts had predicted an average of $0.82 per share. On the revenue front, the company generated $37.05 billion in Q2, which is higher compared to the $34.86 billion they earned in the same period last year.Looking ahead, the company provided an earnings per share guidance for the full year, projecting figures between $3.20 to $3.35. It's noteworthy information for individuals and entities interested in the company's financial future.The material has been provided by InstaForex Company - www.instaforex.com

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  • Brazil's Unemployment Rate Rises to 7.8% in Latest Update

    Mar 28, 2024 | 10:00 am

    The latest update on Brazil's unemployment rate has shown a slight increase, reaching 7.8%. This uptick comes after the previous indicator had stabilized at 7.6%. The data, last updated on 28 March 2024, reflects the current state of the job market in Brazil. The rise in the unemployment rate may indicate challenges in the labor market and could have implications for the country's economy. As policymakers and economists analyze this new information, attention will likely focus on strategies to address unemployment and support job creation in Brazil.The material has been provided by InstaForex Company - www.instaforex.com

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  • Chile's Copper Production Surges 9.9% in February 2024

    Mar 28, 2024 | 10:00 am

    Chile's copper production experienced a significant surge in February 2024, with the current indicator reaching 9.9%, up from the previous month's 0.5%. The latest data update on March 28, 2024, reveals a remarkable increase in copper output for the country. This growth in production is a positive sign for Chile's economy, as copper is one of its key exports and plays a crucial role in driving economic activity.The year-over-year comparison further highlights the impressive performance in copper production, showcasing a substantial improvement from the same period last year. Chile's copper industry is a vital component of its economy, and the recent surge in production indicates a positive trend that could have beneficial effects on the country's economic outlook moving forward.The material has been provided by InstaForex Company - www.instaforex.com

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  • Chilean Manufacturing Production Surges by 8.8% in February 2024

    Mar 28, 2024 | 10:00 am

    The latest data on Chilean manufacturing production for February 2024 has shown a significant surge, with the indicator reaching 8.8%. This marks a notable increase from the previous month of January 2024, where the indicator was at 6.5%. The year-over-year comparison indicates a positive trend in the manufacturing sector, showcasing growth and resilience in the Chilean economy.The data, updated on 28 March 2024, highlights the steady progress in manufacturing activities in Chile despite global economic uncertainties. The substantial jump in manufacturing production reflects increased demand and productivity within the sector. Investors and economic analysts are optimistic about the outlook for Chile's manufacturing industry based on these latest figures, which indicate a promising start to the year 2024. As Chile continues to strengthen its position in the global market, the positive momentum in manufacturing production sets a bullish tone for the country's economic prospects.The material has been provided by InstaForex Company - www.instaforex.com

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  • Chile's Retail Sales Surge by 3.9% Year-over-Year in March 2024

    Mar 28, 2024 | 10:00 am

    Chile's retail sector has shown strength with a significant increase in sales, as the latest data reveals a growth of 3.9% compared to the previous year. The previous indicator had shown a growth of 1.8%, indicating a notable improvement in consumer spending in the country. The data was updated on 28 March 2024, highlighting the recent positive performance of Chile's retail market.The Year-over-Year comparison underscores the resilience and expansion of Chile's retail sector, showcasing a steady increase in sales over the past year. This growth in retail sales signifies a positive trend in consumer confidence and economic activity within the country. As Chile's retail industry continues to thrive, experts are optimistic about the overall economic outlook and consumer spending behavior in the coming months.The material has been provided by InstaForex Company - www.instaforex.com

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  • New Zealand Dollar depreciates on weaker consumer confidence

    Mar 28, 2024 | 06:26 am

    The New Zealand Dollar (NZD) is weakening across the board on Thursday, after a leading indicator of consumer confidence in New Zealand deteriorated sharply in February.

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  • US Dollar retreats off the highs with uptick Continuing Claims taking the wind out of the rally

    Mar 28, 2024 | 06:15 am

    The US Dollar (USD) retreats from its earlier fresh highs for March after the Greenback rallied on comments from Fed Board Member Christopher Waller who pulled the plug on a June interest-rate cut. The Greenback is rolling through the markets

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  • Pound Sterling recovers sharply as US Dollar falls back

    Mar 28, 2024 | 06:08 am

    The Pound Sterling (GBP) drops to 1.2600 against the US Dollar in Thursday’s London session.

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  • Canadian dollar climbs after stronger January and February GDP

    Mar 28, 2024 | 06:08 am

    USD/CAD fell about 20 pips on a strengthening Canadian dollar following upbeat numbers on January and February GDP.Canada's economy grew 0.6% in January 2024 in the best monthly gain in a year. That follows a series of flat-or-negative numbers stretching over the prior six months. Unfortunately, the number isn't quite as strong as it seems. It was boosted by a big contribution from educational services after a teachers' strike in Quebec ended.However the good news didn't end there as the preliminary February GDP reading was +0.4% in a broad based gain that shows the Canadian economy still has some strength, even if it's largely driven by population growth.USD/CAD was at 1.3592 before the data and fell to 1.3572 afterwards.The fall today looks like another rejection of the 1.3600 level. The pair has touched that level on 10 separate days since February 27, failing to close above it every single time.The Canadian dollar is being helped along by oil prices, which are up $1.26 today to $82.60 and have risen $5 since mid-February.If that level breaks, it could create a run on stops but that won't happen if Canadian economic data keeps beating estimates and the housing market holds up. My latest checks show decent on-the-ground housing demand in what's a critical moment for the struggling sector. This article was written by Adam Button at www.forexlive.com.

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  • Russia Central Bank Reserves $ down to $590.1B from previous $594.3B

    Mar 28, 2024 | 06:00 am

    Russia Central Bank Reserves $ down to $590.1B from previous $594.3B

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  • S&P 500 bounced – Will it attempt to break the record?

    Mar 28, 2024 | 05:52 am

    Stock prices broke their short-term losing streak yesterday, as the S&P 500 index gained 0.86%.

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  • Natural Gas flat with energy sentiment turning bearish for the summer

    Mar 28, 2024 | 05:52 am

    Natural Gas (XNG/USD) sank below $1.80 on Thursday after prices already slid by more than 3% on Wednesday. The move came in tandem with a stronger US Dollar after US Federal Reserve official Christopher Waller pushed back against the

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  • USD/CAD: Near-term risks geared towards some drift back to the 1.3550/1.3575 area – Scotiabank

    Mar 28, 2024 | 05:50 am

    USD/CAD has edged slightly higher to retest the 1.3600+ area.

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  • Silver Price Analysis: Continues lower after Bearish Engulfing

    Mar 28, 2024 | 05:48 am

    Silver price (XAG/USD) is trading in the $24.580s on Friday.

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  • Gold price jumps to all time highs ahead of US core PCE inflation

    Mar 28, 2024 | 05:47 am

    Gold price (XAU/USD) holds onto gains near $2,200 in Thursday’s late European session.

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  • US Q4 GDP growth revised higher to 3.4% from 3.2%

    Mar 28, 2024 | 05:39 am

    The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.4% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its final estimate on Thursday.

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  • US weekly Initial Jobless Claims decline to 210K vs. 215K expected

    Mar 28, 2024 | 05:34 am

    There were 210,000 initial jobless claims in the week ending March 23, the weekly data published by the US Department of Labor (DOL) showed on Thursday.

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  • Canada January GDP +0.6% vs +0.4% expected

    Mar 28, 2024 | 05:30 am

    Prior was 0.0%Services industries +0.7%Goods producing +0.2%Manufacturing +0.9%, led by transportation equipmentFebruary advance Canadian GDP +0.4%Full reportCanadian GDP got a boost from educational services (+6.0%) after a teachers' strike in Quebec ended in December.The bullish number for CAD is the advance February reading, which combined with January is setting up an impressive quarter. It was driven by broad-based increases, with main contributions from mining, quarrying, and oil and gas extraction, manufacturing, and finance and insurance, and partially offset by decreases in utilities.USD/CAD is down 15 pips in reaction. This article was written by Adam Button at www.forexlive.com.

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  • US Q4 GDP final reading +3.4% vs +3.2% expected

    Mar 28, 2024 | 05:30 am

    Second Q4 reading was +3.2% annualizedFinal Q3 reading was +4.9% annualized Q2 was +2.1% annualizedDetails:Consumer spending +3.3% vs +3.0% second reading Consumer spending on durables % vs +3.2% second reading GDP final sales +3.9% vs +3.5% second reading GDP deflator 1.7% vs +1.7% second reading Core PCE +2.0% vs +2.1% second reading Business investment +0.7% vs +0.9% second reading Corporate profits +3.9%Government added 0.79 pp to GDPInventories subtracted 0.47 pp from GDPFull reportThe final GDP report is rarely a market mover but can offer some hints at the following quarter. It's also another tick in the box showing a resilient economy. This article was written by Adam Button at www.forexlive.com.

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  • United States Initial Jobless Claims 4-week average fell from previous 211.25K to 211K in March 22

    Mar 28, 2024 | 05:30 am

    United States Initial Jobless Claims 4-week average fell from previous 211.25K to 211K in March 22

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  • Canada Gross Domestic Product (MoM) came in at 0.6%, above forecasts (0.4%) in January

    Mar 28, 2024 | 05:30 am

    Canada Gross Domestic Product (MoM) came in at 0.6%, above forecasts (0.4%) in January

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  • United States Core Personal Consumption Expenditures (QoQ) came in at 2% below forecasts (2.1%) in 4Q

    Mar 28, 2024 | 05:30 am

    United States Core Personal Consumption Expenditures (QoQ) came in at 2% below forecasts (2.1%) in 4Q

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  • United States Personal Consumption Expenditures Prices (QoQ) meets forecasts (1.8%) in 4Q

    Mar 28, 2024 | 05:30 am

    United States Personal Consumption Expenditures Prices (QoQ) meets forecasts (1.8%) in 4Q

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  • United States Gross Domestic Product Annualized came in at 3.4%, above expectations (3.2%) in 4Q

    Mar 28, 2024 | 05:30 am

    United States Gross Domestic Product Annualized came in at 3.4%, above expectations (3.2%) in 4Q

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  • United States Continuing Jobless Claims above forecasts (1.807M) in March 15: Actual (1.819M)

    Mar 28, 2024 | 05:30 am

    United States Continuing Jobless Claims above forecasts (1.807M) in March 15: Actual (1.819M)

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  • United States Initial Jobless Claims below expectations (215K) in March 22: Actual (210K)

    Mar 28, 2024 | 05:30 am

    United States Initial Jobless Claims below expectations (215K) in March 22: Actual (210K)

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  • United States Gross Domestic Product Price Index meets forecasts (1.7%) in 4Q

    Mar 28, 2024 | 05:30 am

    United States Gross Domestic Product Price Index meets forecasts (1.7%) in 4Q

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  • US initial jobless claims 210K vs 212K estimate

    Mar 28, 2024 | 05:30 am

    Prior week revised to 212K revised from 210KInitial jobless claims at 210K vs 212K estimate4-week moving average 211K vs 211.75K last weekContinuing claims 1.819MPrevious week revised -12 K to 1.795M from 1.807M previously reported4-week moving average 1.803M versus previous week 1.799M (revised from 1.802M)The largest increases in initial claims for the week ending March 16 were in Missouri (+1,443), Michigan (+1,204), Tennessee (+538), Mississippi (+353), and Arkansas (+279), The largest decreases were in California (-5,794), Oregon (-1,651), Texas (-856), Pennsylvania (-740), and Illinois (-626).The data is still indicative of a solid employment market. This article was written by Greg Michalowski at www.forexlive.com.

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  • Pound Sterling drops to 1.2600 against the US Dollar

    Mar 28, 2024 | 05:22 am

    GBP/USD came under bearish pressure and fell slightly below 1.2600 in the European session on Thursday.

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  • Japan PM Kishida: Won't rule out any steps to respond to disorderly FX moves

    Mar 28, 2024 | 05:19 am

    Intervention watch in yen trading is high at the moment. Comments from Kishida are crossing:Important for currencies to move in stable manner, reflecting fundamentalsWon't rule out any stepsClosely watching FX moves with a high sense of urgencyWill take out appropriate action without ruling out any options to deal with FX movesUSD/JPY is flat today at 151.30. This article was written by Adam Button at www.forexlive.com.

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  • Full slate of economic data coming up as North America nears the holiday

    Mar 28, 2024 | 05:17 am

    It's a strange week in the market in that the highlight comes on Friday, which is of course Good Friday and a holiday in stocks, bonds and futures markets.However we get some potentially market moving economic data today as well, starting at the bottom of the hour with:Initial jobless claimsUS final Q4 GDPCanadian January GDPThen we skip ahead to 10 am ET with the release of:US pending home salesUMich consumer sentimentIt should wind down quickly from there and the bond market closes today at 2 pm ET. This article was written by Adam Button at www.forexlive.com.

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  • GBP/USD: Gains through 1.2640/1.2650 resistance needed to give Cable an additional lift from here – Scotiabank

    Mar 28, 2024 | 05:17 am

    GBP/USD holds support below 1.2600. Economists at Scotiabank analyze the pair’s outlook.

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  • EUR/USD declines after disappointing German Retail Sales

    Mar 28, 2024 | 05:08 am

    EUR/USD sells off on Thursday, breaking below key support at 1.0800 after the release of subpar German Retail Sales data raised further concerns over the health of Europe’s largest economy, weighing on the Euro (EUR).

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  • South Africa Trade Balance (in Rands) registered at 14.04B above expectations (8.6B) in February

    Mar 28, 2024 | 04:59 am

    South Africa Trade Balance (in Rands) registered at 14.04B above expectations (8.6B) in February

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  • Japan PM Kishida: We are still half way in completely emerging from deflation

    Mar 28, 2024 | 04:57 am

    Well, he's not wrong. If not for the Covid pandemic, it would have been unfathomable to imagine the BOJ being able to normalise monetary policy. The main worry for Japan now is that they might have gotten onto the ship a little too late. This article was written by Justin Low at www.forexlive.com.

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  • EUR/USD: Additional gains back above 1.0800 in the session would be supportive of a mild rebound – Scotiabank

    Mar 28, 2024 | 04:41 am

    EUR/USD is edging off its intraday low open but remains below 1.0800.

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  • ForexLive European FX news wrap: Dollar nudges higher, gold on the move

    Mar 28, 2024 | 04:38 am

    Headlines:EUR/USD falls to fresh five-week low just under 1.0800Gold continues to knock on the door of the $2,200 levelThe bond market continues to cook in trading this weekBOE's Haskel: I think rate cuts are a long way offECB's Panetta: The conditions to start easing monetary policy are materialisingGermany February retail sales -1.9% vs +0.3% m/m expectedGermany March unemployment change 4k vs 10k expectedUK Q4 final GDP -0.3% vs -0.3% q/q prelimCiti raises China 2024 GDP growth forecast to 5.0% from 4.6% previouslyMarkets:USD leads, AUD and NZD lag on the dayEuropean equities mildly higher; S&P 500 futures down 0.1%US 10-year yields up 2.4 bps to 4.220%Gold up 0.8% to $2,212.35WTI crude up 1.3% to $82.47Bitcoin up 2.7% to $70,730The session started off with a quieter mood but picked up as the dollar nudged higher across the board. Other major currencies all have their own struggles and the greenback looks to be taking advantage.EUR/USD is down to a five-week low, touching 1.0775 during the session. The euro is not helped by another poor German retail sales print for February. Meanwhile, GBP/USD is down 0.2% to 1.2620 but is off earlier lows of 1.2585 at least.USD/JPY was calmer though, keeping little changed at around 151.20-30 levels as traders remain disinterested after the warnings from Japan yesterday.Besides that, USD/CAD is up a touch to test 1.3600 and is keeping just below that now. And AUD/USD is down 0.6% to a three-week low just under the 0.6500 mark.In the equities space, the mood is more tentative at best. European indices are following up on Wall Street gains yesterday but US futures are marginally lower today.In other markets, gold is shining brightly as it pushes up above the $2,200 mark once again. Buyers are hoping that the break this time will hold better than it did a week ago at least.As a reminder, it is going to be an extended weekend for a number of markets starting from tomorrow until Monday. Of note, Australia, New Zealand, and Europe in general will be off for the next four days with Canada also observing a holiday tomorrow. This article was written by Justin Low at www.forexlive.com.

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  • Freeport-McMoRan (FCX) should continue upside

    Mar 28, 2024 | 04:22 am

    Freeport-McMoRan Inc., (FCX) engages in the mining of minerals in North America, South America & Indonesia.

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  • Italy Producer Price Index (YoY) down to -10.8% in February from previous -10.7%

    Mar 28, 2024 | 04:22 am

    Italy Producer Price Index (YoY) down to -10.8% in February from previous -10.7%

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  • Italy Producer Price Index (MoM): -1% (February) vs -1.7%

    Mar 28, 2024 | 04:22 am

    Italy Producer Price Index (MoM): -1% (February) vs -1.7%

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  • USD/JPY consolidates above 151.00 ahead of US core PCE inflation for fresh cues

    Mar 28, 2024 | 04:19 am

    The USD/JPY pair trades sideways in a narrow range around 151.30 in the London session on Thursday.

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  • AMC entertainment will bring us more selling opportunities

    Mar 28, 2024 | 04:18 am

    AMC Entertainment Holdings, Inc. is an American movie theater chain headquartered in Leawood, Kansas, and the largest movie theater chain in the world.

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  • Ireland Retail Sales (MoM) declined to -2% in February from previous 0.5%

    Mar 28, 2024 | 04:01 am

    Ireland Retail Sales (MoM) declined to -2% in February from previous 0.5%

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  • Gold continues to knock on the door of the $2,200 level

    Mar 28, 2024 | 03:23 am

    The precious metal is staying poised in trading today despite the dollar also sitting higher on the session. After hitting record highs last week, gold buyers have found it a bit tough to contest the $2,200 mark again so far. But we're getting another run at that key level again at the moment.If it breaks, expect that to potentially lead to a quick shoot higher for gold. I would argue that the onus is on sellers to keep price down, especially since gold is staying bid despite the dollar's strength on the day.Update (1025 GMT): Well, that was quick. Gold now threatens that particular break in a quick jump to $2,206 at the moment. This article was written by Justin Low at www.forexlive.com.

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  • Eurozone February M3 money supply +0.4% vs +0.3% y/y expected

    Mar 28, 2024 | 02:02 am

    Prior +0.1% This article was written by Justin Low at www.forexlive.com.

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  • Germany March unemployment change 4k vs 10k expected

    Mar 28, 2024 | 01:55 am

    Prior 11kUnemployment rate 5.9% vs 5.9% expectedPrior 5.9%German unemployment rose less than expected during the month, with the jobless rate keeping stable at 5.9%. The labour office notes that the economic downturn is still having an impact on the labour market though. So, there are still some signs of caution to be heeded. This article was written by Justin Low at www.forexlive.com.

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  • AUD/USD eases to three-week low, eyes on support just below 0.6500

    Mar 28, 2024 | 01:43 am

    With the retreat today, the pair is down to its lowest since 6 March with price just under 0.6500 now. Sellers remain in control, having kept a defense of the 200-day moving average (blue line) earlier this week. But all eyes now will be on the swing region around 0.6485-90, before looking to the February lows of 0.6442-46 next.As we approach month-end and quarter-end, the dollar is staying supported so far. That is not to say that this is the trend for this month-end and quarter-end. However, just remember that the dollar was checked back earlier this week. And it is now responding in kind by holding on to the key technical levels called into question.The only factor working in favour of the aussie now is that at least stocks are still in a positive mood this week. But we'll see if that is enough to help arrest any stronger downside momentum in AUD/USD going into the Easter break. This article was written by Justin Low at www.forexlive.com.

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  • Dollar benefits from the struggles among its peers

    Mar 28, 2024 | 01:32 am

    In case you missed it, Eamonn had the post on Waller (and a good summary of others) earlier here. That is one contributing factor to the dollar's nudge higher so far today. But there also several other reasons plaguing other major currencies, helping to prop up the dollar inadvertently.The euro continues to see rather weak economic data with an ECB rate cut in June almost a given now. Meanwhile, the yen is struggling post-BOJ despite Tokyo's best efforts to try and stem the bleeding. The franc is returning to its funding currency status as the SNB leads the rate cut race. The loonie is also not faring too much better on softer inflation numbers, perhaps seeing the BOC act quicker. Then, we have the aussie and kiwi getting dragged into the mud by the Chinese yuan's fall this week.Yada, yada. The cleanest shirt among the dirty laundry again, the dollar that is. Or at least one can argue it that way.How ironic it is that we can use this meme again this year. 😜 This article was written by Justin Low at www.forexlive.com.

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  • Forex Today: Fed’s Waller: No Rush to Cut Rates, Prospect of Hikes Remote - 28 March 2024

    Mar 28, 2024 | 01:25 am

    US Fed’s Waller Reiterates Ongoing Fed Message of Slow Path to Rate Cuts; USD/JPY Remains Below Record High Near ¥152; Cocoa Futures Make Another Record High Close; Gold Also Makes Record High Closing Price

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  • EUR/USD falls to fresh five-week low just under 1.0800

    Mar 28, 2024 | 01:15 am

    At the same time, a firmer dollar is also contributing to the drop we're seeing to start the session. The greenback is up across the board, posting modest gains now as European traders enter the fray. EUR/USD is looking to break the 1.0800 mark, as sellers maintain the recent downside momentum by leaning on the 200-day moving average this week:The euro side of the equation is also contributing to the fall, as German consumption activity continues to sit in the doldrums. Europe's largest economy remains uninspiring and is arguably the region's biggest source of worry and uncertainty now. And that isn't providing much comfort for the euro, as the ECB looks set to begin cutting rates in June. Meanwhile, there are still some reservations with regards to the Fed as mentioned here.Going back to EUR/USD, there is a trendline resistance to deal with around 1.0775 next. But if we are able to keep a daily break below 1.0800, there will be added momentum for a further downside shove going into next week. This article was written by Justin Low at www.forexlive.com.

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  • European stocks mostly a touch higher to start the day

    Mar 28, 2024 | 01:08 am

    Eurostoxx +0.2%Germany DAX +0.1%France CAC 40 +0.2%UK FTSE +0.3%Spain IBEX -0.2%Italy FTSE MIB +0.1%With the Easter break coming up, European indices look poised to hold at the highs ahead of the holiday period. US futures are more muted today after rallying yesterday, with S&P 500 futures seen down 0.1%. So, that is counter-balancing the mood a slight bit to start the session. This article was written by Justin Low at www.forexlive.com.

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  • Switzerland March KOF leading indicator index 101.5 vs 102.0 expected

    Mar 28, 2024 | 01:00 am

    Prior 101.6; revised to 102.0Following the revision, Switzerland's leading economic barometer drops slightly in March. Overall, it continues to hint at some caution with regards to the performance of the economy in six months' time. This article was written by Justin Low at www.forexlive.com.

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  • UK Q4 final GDP -0.3% vs -0.3% q/q prelim

    Mar 28, 2024 | 00:00 am

    Prior -0.1%GDP -0.2% vs -0.2% y/y prelimPrior +0.2%No changes to the initial estimates as the UK economy contracted in the final quarter of last year. It confirms a technical recession in the second half of 2023. But at least that slump is offset by improving conditions to start Q1 this year. This article was written by Justin Low at www.forexlive.com.

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  • Germany February retail sales -1.9% vs +0.3% m/m expected

    Mar 28, 2024 | 00:00 am

    Prior -0.4%Once again, you can still count on German retail sales missing estimates and continuing to struggle. As seen from the chart above, retail sales have been down in the dumps for quite some time now - at least in real terms. And that continues to highlight the impact of inflation on consumption activity in the German economy. This article was written by Justin Low at www.forexlive.com.

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  • Citi raises China 2024 GDP growth forecast to 5.0% from 4.6% previously

    Mar 27, 2024 | 23:45 pm

    On the change, Citi cites "recent positive data and policy delivery". But personally, I still think it is too early to tell especially on effectiveness of the latter. We'll see in due time.But in terms of the official numbers, we are likely to see China tout the 5% benchmark come year-end. That after having announced such a target earlier in the month here. This article was written by Justin Low at www.forexlive.com.

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  • The bond market continues to cook in trading this week

    Mar 27, 2024 | 22:00 pm

    It's not the most exciting of weeks for bonds, as the action has trended rather sideways. 10-year yields in the US have been sticking around 4.20% to 4.25% for the last few days. And for the most part, that owes to some technical pull as seen in the chart below:The confluence of the 100 and 200-day moving averages at 4.191% to 4.208% is holding yields in a tight grip. That considering that traders have little in terms of economic data and headlines to work with during the week.But after finding a double-bottom and then a double-top, yields are now put in a spot where traders have to dig deep to justify their convictions.Besides the pull of the moving averages above, there is also the trendline support (white line) for yields around the 4.14% mark. In that sense, one can also point to a triangle pattern forming on the chart above.As such, the argument can be made that a break of that pattern could see yields move much more significantly next. But whether that move will be a break higher or lower will ultimately depend on one question. And that is how is the market feeling about a June rate cut by the Fed?Currently, the odds priced in for that are ~68% based on Fed funds futures. That is not an overwhelmingly convincing signal by any stretch of the imagination. It means that traders will still need to rely on more economic data before firming up any further convictions.If anything else, this further solidifies the notion of how data dependent this market really is in its current state. And you only have to look at the lack of meaningful price action throughout this week to confirm that. This article was written by Justin Low at www.forexlive.com.

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  • Major currencies still stuck in a lull for the most part this week

    Mar 27, 2024 | 21:31 pm

    It's looking fairly quiet in the handover from Asia to Europe today. But that has sort of been the theme for most of the week for FX, no? Once again, the dollar remains steady as price action has been rather sideways over the last few days. Here's a snapshot of things currently:While little changed, the immediate standout is USD/JPY after it fell from its highest levels since 1990 yesterday - albeit briefly. The pair hit a high of 151.97, before verbal intervention by Japan helped to keep things in check. And here we are now, holding around 151.30 levels.With little to work with so far on the week, it would seem that traders are adopting a more cautious approach. If anything else, it highlights how data dependent this market is at the moment. It's all about the headlines and we might only get something to scrutinise tomorrow.There will be the US PCE price index as well as Fed chair Powell making an appearance. That being said, it comes during a time when most other markets are on holiday. That is not to mention month-end and quarter-end also being in play today and tomorrow.But for now, there is still an air of calm prevailing but I'd perhaps call it haziness for the most part. It's all about waiting for the next big data and the US jobs report next Friday is the one circled on everyone's calendar at the moment. This article was written by Justin Low at www.forexlive.com.

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  • Reminder: It is a holiday-shortened week for a number of markets

    Mar 27, 2024 | 21:02 pm

    Given the holiday, we should see market conditions take on a quieter look and feel to end the week tomorrow. US markets will be open though, so it isn't a complete shutdown. During which, we will get the PCE price index and also an appearance by Fed chair Powell here. But more importantly, Japanese markets will also be open and that might be the big one to watch.After several warnings already yesterday, could Japanese officials deliver an Easter surprise before the weekend? Times of lesser liquidity are always most preferred, so just be mindful of that.USD/JPY has backed off after attempting to contest the 2022 and 2023 highs near 151.90-94 yesterday. The pair is now trading little changed today at 151.35. However, if Tokyo decides to sit on their hands when most markets return to action on Tuesday next week, I reckon the bulls might find some courage to work towards the above highs again. This article was written by Justin Low at www.forexlive.com.

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  • ForexLive Asia-Pacific FX news wrap: Fed’s Waller not in a rush to cut rates

    Mar 27, 2024 | 19:46 pm

    Waller:Fed's Waller says may need to hold current rate for longer than expected, no rush to cutWaller's remarks have pumped up the US dollarMore Fed's Waller: The economy has supported the cautious approach by the Federal ReserveStill more from Fed's Waller: If unemployment goes up no reason to panicCheck out this headline: "Why the Fed Is Delaying Interest-Rate Cuts: Waller"More Waller headlines: "Fed's Waller Says No Rush to Cut Interest Rates"Other:Critical US inflation report coming up on Friday when markets will be closedTwo new appointees to the Reserve Bank of New Zealand have been namedImportant Japanese inflation data will be released on the Good Friday holidayBank of Japan Summary - rate hikes ahead will be slow to comeJapan chief cabinet secretary Hayashi won't rule out any option against excessive FX movesECB's Knot and BoE's Mann speaking on ThursdayPBOC sets USD/ CNY reference rate for today at 7.0948 (vs. estimate at 7.2259)China hopes the Netherlands would ensure "normal" trade of lithography machinesAustralian Retail Sales for February +0.3% m/m (expected 0.4%, prior +.1%)New Zealand March business confidence 22.9 (prior 34.7)BOJ 'Summary' of the historic March 2024 meetingForexlive Americas FX news wrap: Stocks stay hot, FX stays coolNew Zealand data - March consumer confidence plunges to 86.4 (prior 94.5)SNB Vice President Schlegel says the Bank has no target for the franc (CHF) exchange rateUS Treas Sec Yellen says not ready to discuss potential US retaliation over ChinaTrade ideas thread - Thursday, 28 March, insightful charts, technical analysis, ideas The main event of the session were comments in a speech and following Q&A from Federal Reserve Board Governor Christopher Waller. His remarks were nuanced but leant towards holding rates higher for longer (delaying the first rate cut) and indicative of fewer rate cuts this year than have been indicated earlier. We’ve heard the same recently from Bostic and Kashkari. Waller’s remarks sent the US dollar higher across the major FX board. As I post, though, those moves have been fully retraced. USD/JPY was a bit of a laggard, but it did rise eventually to above 151.50. It too has subsequently retraced, back down to earlier levels around 151.25 or so. We have had just one comment from a Japanese official cross the wires to support the yen today, so far at least. Japan’s chief cabinet secretary Hayashi said he won't rule out any option against excessive FX moves. Also from Japan was the ‘Summary’ of the historic Bank of Japan last week when rates were raised for the first time in 17 years. From the Summary a key takeaway is that this was a tentative step and further tightening will be slow to come. The People’s Bank of China set the reference rate for the onshore yuan more than 1300 pips stronger than estimated (for CNY) again today. Note, it’s a holiday across much of Asia tomorrow, Good Friday, 29 March 2024:New Zealand, Australia, Hong Kong and Singapore are all outJapan and mainland China will be open. There is inflation data coming from Japan during tomorrow’s session (Tokyo area, a leading indicator of nationwide inflation). ForexLive will be in to cover this, and more. This article was written by Eamonn Sheridan at www.forexlive.com.

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  • Critical US inflation report coming up on Friday when markets will be closed

    Mar 27, 2024 | 19:42 pm

    US markets, along with UK and EU, will be closed on Good Friday, 29 March 2024. Stocks, futures, bonds, all closed.A few FX desks may be manned with a skeleton crew. Liquidity will be super-thin. Spreads will be wide. Against that backdrop, the good news is the all-important PCE inflation data for February will be released! What is this? More on it below. Oh yeah, Powell will be on deck with comments too. At 11.30 am US Eastern time. OK, back to PCE (at 0830 US Eastern time), and ranges to watch. For the Core PCE Price Index m/m, expected is 0.3%prior was 0.4%range of estimates is 0.3% to 0.3% (yes, all the same)Core PCE Price Index y/y, expected 2.8%prior was also 2.8%range of estimates is 2.7 % to 2.8 %Why is knowledge of such ranges important?Data results that fall outside of market low and high expectations tend to move markets more significantly for several reasons:Surprise Factor: Markets often price in expectations based on forecasts and previous trends. When data significantly deviates from these expectations, it creates a surprise effect. This can lead to rapid revaluation of assets as investors and traders reassess their positions based on the new information.Psychological Impact: Investors and traders are influenced by psychological factors. Extreme data points can evoke strong emotional reactions, leading to overreactions in the market. This can amplify market movements, especially in the short term.Risk Reassessment: Unexpected data can lead to a reassessment of risk. If data significantly underperforms or outperforms expectations, it can change the perceived risk of certain investments. For instance, better-than-expected economic data may reduce the perceived risk of investing in equities, leading to a market rally.Triggering of Automated Trading: In today’s markets, a significant portion of trading is done by algorithms. These automated systems often have pre-set conditions or thresholds that, when triggered by unexpected data, can lead to large-scale buying or selling.Impact on Monetary and Fiscal Policies: Data that is significantly off from expectations can influence the policies of central banks and governments. For example, weaker data will fuel speculation of nearer and larger Federal Open Market Committee (FOMC) rate cuts. A stronger result will diminish such expectations.Liquidity and Market Depth: In some cases, extreme data points can affect market liquidity. If the data is unexpected enough, it might lead to a temporary imbalance in buyers and sellers, causing larger market moves until a new equilibrium is found.Chain Reactions and Correlations: Financial markets are interconnected. A significant move in one market or asset class due to unexpected data can lead to correlated moves in other markets, amplifying the overall market impact.***The Federal Reserve prefers the Core Personal Consumption Expenditures (PCE) Price Index over the Consumer Price Index (CPI) as a measure of inflation for several key reasons:The Core PCE covers a broader range of goods and services than the CPI. While CPI focuses on out-of-pocket expenses for urban consumers, PCE includes expenditures on behalf of households, such as employer-paid health insurance and Medicare. This wider scope makes PCE a more comprehensive measure of consumer spending.PCE adjusts for the substitution effect, where consumers might switch from higher-priced goods to lower-priced alternatives as prices change. CPI, on the other hand, uses a fixed basket of goods and services, which can overstate inflation if consumers shift their consumption patterns in response to price changes.PCE specifically measures spending by individuals and can more accurately reflect the consumption patterns that are central to the U.S. economy.The 'core' version of both indices (Core PCE and Core CPI) excludes food and energy prices, which are volatile. However, the Fed often gives more weight to Core PCE because of its broader coverage and substitution bias adjustment.PCE data are subject to regular and comprehensive revisions that reflect the latest and most accurate information available. This can make PCE a more reliable measure over the long term.Core PCE is a more stable and accurate reflection of the long-term inflation trends that guide monetary policy. This article was written by Eamonn Sheridan at www.forexlive.com.

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  • Important Japanese inflation data will be released on the Good Friday holiday

    Mar 27, 2024 | 19:35 pm

    Good Friday, 29 March 2024, is a holiday in much of the Asian time zone.New Zealand, Australia, Singapore and Hong Kong are all out for the day. Markets are closed in those centres. However, Japan and mainland China re open. Due from Japan at 2330 GMT, which is 1930 US Eastern time (both of those times are Thursday 28 March evening) is the inflation data for Tokyo in March. Tokyo area inflation data:National-level CPI data for this month will follow in about three weeks, it takes longer to gather and collate the national data.Tokyo CPI is a sub-index of the national CPIIt measures the change in prices of goods and services in the Tokyo metropolitan areaIts considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hubHistorically, Tokyo CPI data has been just slightly higher than national Japan CPI data. The cost of living in Tokyo is a touch higher than in most other parts of Japan. Higher rents, for example***Separately, given the widespread holidays (the EU, UK and US are all out too, markets closed) my tin hat senses tell me that it may be a very good day for the Bank of Japan to intervene to support the yen. I'll be on the lookout for this. ForexLive Asia shift will be up and running tomorrow, so if you are seeing FX moves you know who to check in with! This article was written by Eamonn Sheridan at www.forexlive.com.

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  • Aussie dollar continues to hold above US$0.65

    Mar 27, 2024 | 17:00 pm

    AUD - Australian dollar The Australian dollar is relatively unchanged again this morning when valued against the Greenback, currently trading at US$0.6533 at the time of writing. On the local data front yesterday, inflation has held steady for the second month in a row, as cheaper meat and seafood helped offset increases in rents and automotive fuel. The monthly index of consumer prices rose only 3.4% in the year to February, stabilising near the pace of the increases in January and December, the Australian Bureau of Statistics said on Wednesday. Economists had predicted February’s CPI would come in at 3.5%. Excluding volatile items such as fresh produce and fuel, inflation fell from 4.1% in January to 3.9% last month. Holiday and accommodation prices continued to fall, offsetting price rises in other categories. The category’s prices fell 1.3% in the year to February, falling more slowly than the two previous months, reflecting boosts from Taylor Swift’s blockbuster Eras tour. The AUD has faced downward pressure following the release of Westpac's Consumer Confidence Index on Tuesday, which dipped 1.8% to 84.4 in March 2024 from February's 86.0, easing from 20-month highs. Key Movers The US dollar Index saw its second consecutive day of gains amid a risk-off sentiment, driven by anticipation surrounding the upcoming release of US Personal Consumption Expenditures (PCE) scheduled for Friday. However, the decline in US Treasury yields may be attributed to the expectations surrounding the US Federal Reserve regarding potential rate cuts. This sentiment could limit the advances of the US dollar. On the data front, US durable goods orders increased by 1.4% in February, against the 1.3% expected and previous decline of 6.9%. US durable goods orders excluding defense rose by 2.2% in February, compared to the expected 1.1% and 7.9% previous decline. US Housing Price Index decreased MoM by 0.1% in January, against the December’s increase of 0.1%. The Pound sterling fell to near 1.2600 in Wednesday’s early American session. The broader appeal remains weak as investors expect the Bank of England (BoE) will start reducing interest rates sooner than previously anticipated. The BoE said last week in its monetary policy statement that the central bank is not at a point where interest rates can be reduced. However, policymakers didn’t rule out the market’s view of two or three rate cuts this year. Investors will keenly focus on the United States core Personal Consumption Expenditure Price Index (PCE) data for February, published on Good Friday. The annual Core PCE is forecasted to have grown at a steady pace of 2.8%. Daily Commentary will be on break for the long weekend from Friday, March 29th to Monday, April 1st and will resume Tuesday, April 2nd. Expected RangesAUD/USD: 0.6430 - 0.6630 ▲AUD/EUR: 0.5930 - 0.6130 ▼GBP/AUD: 1.9230 - 1.9430 ▼AUD/NZD: 1.0780 - 1.0980 ▲AUD/CAD: 0.8760 - 0.8960 ▼

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  • Forex Today: Japanese Yen Hits 34-Year Low

    Mar 27, 2024 | 00:13 am

    USD/JPY Hits Record High Near ¥152, Japanese Officials Try to Talk Up Yen; Cocoa Futures Surpass $10,000 to Hit All-Time High; Aussie CPI Unchanged

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  • Aussie dollar holds above US$0.65

    Mar 26, 2024 | 17:00 pm

    AUD - Australian dollar The Australian dollar is relatively unchanged this morning when valued against the Greenback currently trading at US$0.6531 at the time of writing. The Australian dollar extended its gains on Tuesday. In the European session, AUD/USD is trading at US$0.6557, up 0.26%. The broader outlook reveals that the bears exhibit a somewhat stronger presence, which could maintain a certain level of pressure on the pair. There were no local data releases yesterday. Looking ahead today all eyes will be on the Australian Bureau of Statistics monthly release of Consumer Price Index (CPI) which is expected to rise from 3.4% to 3.5%. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. That could set back expectations for a rate cut from the Reserve Bank of Australia, which has kept rates unchanged at 4.35% for four straight times. The markets are of the view that the RBA’s tightening cycle is done and have priced in a rate cut later in the year. Still, the RBA hasn’t ruled out rate hikes, with inflation still well above the 2% target. Finally, on Thursday we will see the release of the monthly Retail Sales figures. Key Movers On the data front on Monday, the US February New Home Sales dropped 0.3% MoM from a 1.7% gain in January, below the market expectations for a 2.3% MoM rise. Meanwhile, the Dallas Fed Manufacturing Survey fell to -14.4 in March from the previous reading of -11.3. Overnight we saw the release of US Durable Goods Orders for February, which roundly beat expectations, according to data from the US Census Bureau. The data showed headline Durable Goods Orders rising 1.4% when 1.3% had been forecast, and Durable Goods Orders ex Defense rising 2.2% when 1.1% had been estimated. Durable Goods ex Transport also beat forecasts, coming in at 0.5% versus 0.4% expected. Finally, Nondefense Capital Goods ex-Aricraft rose 0.7% versus 0.1% expected. The US PCE report on Friday will be in the spotlight. The headline PCE is estimated to show an increase of 0.4% MoM, while the Core CPE is projected to rise by 0.3% MoM. The pound faces pressure near US$1.2650 against the US Dollar in Tuesday’s early American session as the latter rebounds. The GBP/USD pair exhibits falls as investors expect that the Bank of England will be more dovish this year than previously anticipated, driven by lower-than-anticipated inflation data in January and February. A senior Bank of England policymaker has warned that financial markets are expecting too many interest rate cuts this year and that the UK central bank is unlikely to move before the US Federal Reserve. Catherine Mann, an external member of the Bank’s rate-setting monetary policy committee (MPC), said there were risks that UK inflation could persist at higher levels than in the US or the eurozone. Last month the Bank’s monetary policy committee voted by a majority to keep interest rates at the current level of 5.25%, the highest level since the 2008 financial crisis. Expected RangesAUD/USD: 0.6430 - 0.6630 ▼AUD/EUR: 0.5920 - 0.6120 ▼GBP/AUD: 1.9200 - 1.9400 ▲AUD/NZD: 1.0760 - 1.0960 ▲AUD/CAD: 0.8760 - 0.8960 ▼

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  • Forex Today: Cocoa Futures Break $9,000 for Record High

    Mar 26, 2024 | 00:38 am

    Cocoa Futures Gain 8% in a Day; US Stocks, Gold Remain Bullish; Japanese Officials Try to Talk Up Yen; Bitcoin Rises Above $70k Despite Record Crypto Fund Outflows

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  • Aussie dollar continues to trade above US$0.65

    Mar 25, 2024 | 17:00 pm

    AUD - Australian dollar The Australian dollar is slightly stronger this morning when valued against the Greenback, currently trading at US$0.6538 at the time of writing. Yesterday, The Aussie dollar bounced off last Friday’s low of US$0.6508 and is climbing but faces a key resistance level at US$0.6550. The Australian dollar receives upward momentum as the ASX 200 Index extends its winning streak, led by gains in the mining and energy sectors. Additionally, the Aussie dollar is bolstered by a stronger Chinese yuan (CNY), with the People's Bank of China (PBoC) setting the mid-rate for the onshore yuan significantly higher than expected. Looking ahead today, we will see the Westpac Consumer Sentiment a survey of about 1,200 consumers that asks respondents to rate the relative level of past and future economic conditions, employment and climate for major purchases. On Wednesday, all eyes will be on the Australian Bureau of Statistics monthly release of Consumer Price Index (CPI) which is expected to rise from 3.4% to 3.5%. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Finally, on Thursday we will see the release of the monthly Retail Sales figures. Key Movers Overnight the Pound sterling had a mild recovery against the Greenback in the mid-North American session, as the Greenback remains offered amid speculations the Federal Reserve (Fed) would cut rates in June. At its March meeting last week, the Fed held the benchmark rate to the 5.25%-5.5% range. After that meeting, Fed Chairman Jerome Powell emphasized that policymakers are likely to cut interest rates later this year. Still, only once they have greater confidence that inflation is moving toward its 2% target. At the time of writing, the GBP/USD trades at 1.2635. gains 0.32%. On the data front, US housing data was weaker than expected as New Home Sales slumped 0.3%, with sales coming at 0.662 million, below estimates of  0.675 million and January’s 0.664 million. Elsewhere, the Chicago Fed announced the National Activity Index saw improvement, moving from -0.54 to 0.05, with positive developments across all four index categories. The tiny decline registered was likely owed to an uptick in mortgage rates during the month. According to Freddie Mac, the average 30-year mortgage rate rose to 6.8% in February, from 6.6% the month prior. Moving forward, a structural shortfall of available single-family homes and home builders' ability to bridge the affordability gap with price incentives, should continue as tailwinds and support an improving sales pace this year. Expected RangesAUD/USD: 0.6440 - 0.6640 ▲AUD/EUR: 0.5930 - 0.6130 ▲GBP/AUD: 1.9200 - 1.9400 ▼AUD/NZD: 1.0800 - 1.1000 ▲AUD/CAD: 0.8800 - 0.9000 ▲

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  • Aussie dollar holds above US$0.65

    Mar 24, 2024 | 17:00 pm

    AUD - Australian dollar The Australian dollar is weaker this morning when valued against the Greenback currently trading at 0.6508 at the time of writing. The Aussie dollar traded back down at the bottom of its multi-week range in the lower 0.6500s on Friday, after positive US data led to a reversal in the pair from its 0.6635 Thursday highs. On the data front last week the Unemployment Rate fell to 3.7% from 4.1% in February, and the number of new employees hit 116,500, a number well above the average. Both data points beat expectations of 4.0% and 40,000 respectively. A deeper dig into Australia’s labor market statistics and seasonal effects, however, suggests the incredible data in February obscured a much more modest underlying trend. Looking ahead this week and on Tuesday we will see the Westpac Consumer Sentiment a survey of about 1,200 consumers which asks respondents to rate the relative level of past and future economic conditions, employment, and climate for major purchases. On Wednesday all eyes will be on the Australian Bureau of Statistics monthly release of Consumer Price Index (CPI) which is expected to rise from 3.4% to 3.5%. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Finally, on Thursday we will see the release of the monthly Retail Sales figures. Key Movers In the US on Friday the S&P Global Services PMI exhibited a slight decline in March, dropping to 51.7 from 52.3, slightly below the expected reading of 52.0. Conversely, the Manufacturing PMI increased to 52.5, surpassing expectations of 51.7 and the previous figure of 52.2. However, the Composite PMI showed a slight dip to 52.2 from the previous 52.5. The Dow Jones Industrial Average (DJIA) was forced into the low side around three-quarters a percent as US equities drifted in multiple directions on Friday. Most of the US equity market’s major sectors were in the red on Friday, with Real Estate down around 1.25%, closely followed by the Financial Sector which fell 1.21%. The Communications Services Sector closed up around 0.85% as telecoms rebounded from recent selling pressure. The US economy is holding resilient with a strong labor market and inflation remaining sticky. Next week, February’s Personal Consumption Expenditures (PCE) will provide additional guidance to markets. The Pound Sterling remains vulnerable against the US dollar in Friday’s early New York session as the market sentiment is quite bearish. The GBP/USD pair fails to find support as increasing expectations that the Bank of England (BoE) will cut interest rates this year outweigh February Retail Sales data, which broadly beat market expectations. The United Kingdom Office for National Statistics (ONS) reported that monthly Retail Sales were unchanged after increasing by a significant 3.6% in January, a figure that was upwardly revised from 3.4%. Investors had anticipated sales to decline by 0.3%. On an annual basis, sales contracted by 0.5% against expectations of a 0.7% decline. The GBP/USD pair is currently trading at 1.2558 at the time of writing. Expected RangesAUD/USD: 0.6400 - 0.6600 ▼AUD/EUR: 0.5900 - 0.6100 ▼GBP/AUD: 1.9150 - 1.9350 ▲AUD/NZD: 1.0650 - 1.0850 ▼AUD/CAD: 0.8750 - 0.8950 ▼

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  • Aussie dollar trades back down below US$0.66

    Mar 21, 2024 | 17:00 pm

    AUD - Australian dollar The Australian dollar is slightly weaker this morning when valued against the Greenback, currently trading at 0.6569 at time of writing. The Aussie dollar reached a high of 0.6634 yesterday, but traded back down at the lows of the day, during the US session on Thursday, after a batch of relatively strong American data helped the US dollar (USD) claw back lost ground. On the data front yesterday a shock surge in employment last month has seen the unemployment rate tumble back to levels not seen since September last year. The unemployment rate has dropped back to 3.7 per cent with more than 116,000 extra Australians in employment last month, compared with January, according to seasonally adjusted data from the Australian Bureau of Statistics (ABS). The estimated 116,500 increase in employment was the biggest monthly jobs gain since the east coast COVID lockdowns ended in November 2021, and the largest on record outside of the pandemic period. Economists were generally expecting about 40,000 extra people to be employed last month and an unemployment rate of 4 per cent. Markets are currently pricing in an 80 per cent chance of rates falling by August, while a rate cut by September is almost fully priced in, however any rate move before then is seen as very unlikely. Looking ahead today and the Reserve Bank of Australia (RBA) will release the Financial Stability Review. It's an assessment of conditions in the financial system and potential risks to financial stability, the evidence on strains and imbalances can provide insight into the future of monetary policy. Key Movers In the US, overnight we saw the release of US PMI data for March, Initial Jobless Claims and the Philadelphia Fed Manufacturing Index, which all supported the USD. Business activity in the US private sector continued to expand at a healthy pace in early March, with the S&P Global Composite PMI coming in at 52.2. This reading came in slightly below the February's 52.5. S&P Global Manufacturing PMI improved to 52.5 from 52.2 in the same period, while S&P Global Services PMI edged lower to 51.7 from 52.3. The latest Philadelphia Fed manufacturing index remained in positive territory for a second straight month, indicating continued expansion. In March, the index inched down to 3.2 from 5.2 in February, coming in above the forecast of -2.6. In the latest report the index remained in positive territory for a second straight month. This is only the fourth positive reading for the index in the past 22 months. In other words, the index has had 18 negative readings in the past 22 months, which more closely resembles those periods during recessions. While the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, sales of previously owned homes increased by the most in a year in February, signs the economy remained on solid footing in the first quarter. Initial claims for state unemployment benefits dropped 2,000 to a seasonally adjusted 210,000 for the week ending March 16, the Labor Department said. Economists polled by Reuters had forecast 215,000 claims in the latest week. Claims have been mostly bouncing around a 200,000-213,000 range since February. Despite a flurry of high-profile layoffs at the start of the year, employers have largely been hoarding labour after struggling to find workers during and after the COVID-19 pandemic. Expected RangesAUD/USD: 0.6465 - 0.6665 ▼AUD/EUR: 0.5940 - 0.6140 ▼GBP/AUD: 1.9140 - 1.9340 ▲AUD/NZD: 1.0750 - 1.0950 ▲AUD/CAD: 0.8780 - 0.8980 ▼

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  • United States Federal Reserve Holds Interest Rates, Remains Cautious

    Mar 21, 2024 | 04:26 am

    The Federal Reserve left interest rates unchanged for a fifth straight time at its meeting on March 20. The US dollar fell against the major currencies following the announcement.

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  • Forex Today: Fed Says 3 Rate Cuts in 2024, Stocks, Gold Boom

    Mar 21, 2024 | 00:07 am

    Fed Gives Dovish Surprise by Forecasting 3 Cuts in 2024; Markets Await BoE, SNB; Gold, Stock Markets Reach Record Highs; Japanese Yen Regains Ground; Bitcoin Pares Losses; UK CPI Falls

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  • Forex Today: Markets Await FOMC Meeting

    Mar 20, 2024 | 00:06 am

    FOMC Expected to Leave Rate at 5.50%; Japanese Yen Continues to Fall After BoJ; Bitcoin Weaker; Markets Await UK Inflation Data, New Zealand GDP

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  • Forex Today: Bank of Japan Ends Negative Interest Rates

    Mar 19, 2024 | 00:26 am

    BoJ Makes First Rate Hike Since 2007, Japanese Stocks Rally, Yen Weakens; RBA Leaves Rates at 4.35%; Cocoa Futures Slightly Lower After Record High Yesterday; Bitcoin Weaker; Markets Await Canadian Inflation Data

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  • Forex Today: Markets Expecting First BoJ Rate Hike in 17 Years

    Mar 18, 2024 | 00:19 am

    90% Expect BoJ to Ditch Negative Rates Policy Tuesday, Japanese Stocks Rallying; Bitcoin Rising After Another Record High Thursday; Cocoa Futures Roar Ahead With Dramatic Gains

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  • Forex Today: Markets Await US PPI

    Mar 14, 2024 | 00:24 am

    US PPI Expected at 0.2%; Bitcoin Makes Another Record High Above $73,000; Cocoa Futures Roar Ahead.

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  • Forex Today: US Inflation Ticks Higher to 3.2%

    Mar 12, 2024 | 23:29 pm

    US CPI Rises Unexpectedly; S&P 500 Makes Record High Close; Bitcoin Makes All-Time High Above $73,000

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  • US Inflation Rises Unexpectedly to 3.2%

    Mar 12, 2024 | 07:02 am

    The US consumer price index (CPI) climbed 3.2% year-on-year in February, up from 3.1% in January and above the market estimate of 3.1%.

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  • Forex Today: Markets Expecting Unchanged US Inflation Data

    Mar 12, 2024 | 01:03 am

    US CPI Seen at 3.1%; Bitcoin Hits New Record Below $73,000; Gold’s Bullish Momentum Starts to Pause

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  • Forex Today: Gold, Bitcoin Looking Bullish Near Friday’s Record Highs

    Mar 11, 2024 | 00:17 am

    Gold, Bitcoin Advancing Again; Yen Higher on Japanese Rate Hike Bets and GDP Growth

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  • ECB Maintains Interest Rates, Revises Lower Inflation Forecast

    Mar 7, 2024 | 14:06 pm

    The European Central Bank (ECB) maintained its deposit rate at a record high of 4.00% at today’s policy meeting. This decision was widely expected, and the Euro’s response has been muted.

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  • Forex Today: Gold Makes New Record High Above $2161

    Mar 6, 2024 | 23:41 pm

    Gold Powers to New All-Time High; Powell Says Inflation Progress Not Assured; Japanese Rate Hike Seen Likely as Wages Rise; Bank of Canada Holds Rates; Markets Await ECB Meeting

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  • Forex Today: Gold, Bitcoin Set New Record Highs

    Mar 5, 2024 | 23:18 pm

    Gold & Bitcoin Briefly Reach New All-Time Highs, Bitcoin Plunges Then Recovers; Markets Await Fed Chair Powell Testimony; Bank of Canada Expected to Hold Rates

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  • Forex Today: Bitcoin Retreats Just Shy of Record High

    Mar 5, 2024 | 01:01 am

    Bitcoin Makes New 2-Year High Just Below $69,000; WTI Crude Oil Retreats From Key Resistance Near $80.50; Swiss Inflation Ticks Higher; Markets Await Fed Chair Powell Testimony

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  • Forex Today: Major Stock Markets Advance to Record Highs

    Mar 4, 2024 | 00:14 am

    NASDAQ, S&P 500, DAX, Nikkei 225 All Reach All-Time Highs; Bitcoin Makes New 2-Year High; WTI Crude Oil Trying to Break Key Resistance Around $80.50; Swiss CPI Data Due Later

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  • Forex Today: Bitcoin Powers to New 2-Year High Above $63,000

    Feb 28, 2024 | 23:35 pm

    Bitcoin Strongly Bid, Advancing to Long-Term Record Price; Yen Gains as Bank of Japan Signals Policy Shift Coming Closer; Fed Officials Say Data Will Guide Rate Path

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  • New Zealand Central Bank Maintains Rates, New Zealand Dollar Slides

    Feb 28, 2024 | 02:54 am

    The Reserve Bank of New Zealand (RBNZ) held the cash rate at 5.50% at today’s meeting.

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  • Forex Today: Kiwi Lower on RBNZ Dovish Tilt

    Feb 27, 2024 | 22:48 pm

    RBNZ Less Hawkish on Inflation, Sinking Kiwi; Australian Inflation Lower than Expected; US Preliminary GDP Data Release Later

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  • Forex Today: Nikkei 225 Index Breaks Another Record

    Feb 25, 2024 | 23:17 pm

    Nikkei 225 Index Reaches New High Price; Yen Volatility Falling

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  • Forex Today: FOMC Minutes Show Fed Go Slow on Rate Cuts

    Feb 21, 2024 | 23:14 pm

    FOMC Minutes Show More Progress Needed on Inflation; Nikkei 225 Index Reaches Record High; Stocks Mostly Higher After FOMC Release

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  • Forex Today: Canadian Inflation Falls Faster

    Feb 20, 2024 | 23:13 pm

    Canadian CPI at 2.9%; Markets Await FOMC Minutes; Australian Wage Price Index Data as Expected.

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  • Inflation in Canada Falls to 2.9% in January

    Feb 20, 2024 | 20:41 pm

    Canada’s Consumer Price Index (CPI) dropped to 2.9% year-on-year in January.

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  • Forex Today: RBA Minutes Show Rate Hike Was Considered

    Feb 19, 2024 | 23:13 pm

    RBA Minutes Justify Rates Pause; Yen Weakens; Markets Await Canadian Inflation Data.

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  • Forex Today: Bitcoin Threatens High Price

    Feb 18, 2024 | 23:15 pm

    Bitcoin Rising Firmly; Global Stocks Mixed; Cocoa Futures Sell Off

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  • Forex Today: UK in Recession

    Feb 14, 2024 | 23:19 pm

    UK GDP Down 0.3% in Last Quarter; Global Stocks Rebound; Bitcoin Makes New High Above $52,000

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  • Forex Today: UK Inflation Unchanged at 4.0%

    Feb 13, 2024 | 23:17 pm

    UK Inflation Slightly Lower Than Expected; US Inflation Falls to 3.1%; Dollar Advances to 3-Month High, S&P 500, NASDAQ 100, Dow Jones 30 Sell Off; Bitcoin Testing $50k; Swiss Inflation Weaker Than Expected

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  • US Inflation Drops to 3.1% but Higher than Expected

    Feb 13, 2024 | 10:44 am

    The US consumer price index (CPI) climbed 3.1% year-on-year in January, down from 3.4% in December and above the market estimate of 2.9%.

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