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:

  • Italian Business Confidence Rises to 88.6 in March, Boosting Economic Outlook

    Mar 28, 2024 | 07:00 am

    In positive news for the Italian economy, the latest data released on March 28, 2024, indicates that Italian business confidence has increased to 88.6 in March from 87.5 in February 2024. This uptick in business confidence suggests a growing optimism among Italian business owners and managers about the economic outlook.The rise in business confidence could potentially lead to increased investment, hiring, and overall economic activity in Italy. This positive trend is crucial for the country as it seeks to recover from the economic challenges posed by the COVID-19 pandemic.With Italian business confidence on the rise, all eyes will be on how this optimism translates into actual economic performance in the coming months and its impact on Italy's overall economic recovery.The material has been provided by InstaForex Company - www.instaforex.com

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  • Italian Consumer Confidence Slightly Dips to 96.5 in March 2024

    Mar 28, 2024 | 07:00 am

    In a recent report released on March 28, 2024, the Italian Consumer Confidence index for the month of March has shown a slight decline to 96.5 compared to the previous reading of 97 in February 2024. The data indicates a somewhat less optimistic outlook among Italian consumers regarding economic conditions, reflecting potential concerns such as rising prices or geopolitical uncertainties. Despite the marginal decrease, consumer confidence in Italy remains relatively stable, suggesting that overall sentiment is still cautiously positive. Analysts will be closely monitoring future trends to gauge the impact of various factors on consumer behavior and the broader economy. Stay tuned for further updates on Italy's economic landscape.The material has been provided by InstaForex Company - www.instaforex.com

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  • Czech Republic's M3 Money Supply Dips to 8.2% in February 2024

    Mar 28, 2024 | 07:00 am

    The M3 Money Supply in the Czech Republic showed a slight decline in February 2024, dropping to 8.2% from the previous level of 8.7% in January 2024. This indicator, which measures the total amount of money circulating in the economy, is closely monitored by analysts and policymakers for insights into the country's monetary conditions. The data was updated on March 28, 2024, reflecting the most recent developments in the Czech Republic's monetary landscape.Despite the slight decrease in the M3 Money Supply, experts believe that the Czech economy remains stable and resilient. The adjustment in the money supply is seen as a normal fluctuation and is not expected to have a significant impact on the country's overall economic performance. Analysts will continue to monitor future data releases to assess any emerging trends or potential shifts in monetary policy that could influence market conditions in the Czech Republic and beyond.The material has been provided by InstaForex Company - www.instaforex.com

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  • Euro Zone M3 Money Supply Sees 0.3% Increase in February 2024

    Mar 28, 2024 | 07:00 am

    In the Euro Zone, the M3 Money Supply showed a significant increase in February 2024 according to the latest data released on 28 March 2024. The indicator rose to 0.4%, marking a notable jump from the previous month's 0.1%. This change in the money supply measure, which tracks the total amount of money in circulation within the economy, is calculated on a year-over-year basis.The 0.3% increase in the Euro Zone's M3 Money Supply suggests a rise in liquidity and potential economic activity within the region. It indicates that more funds are available for consumption, investment, and lending, which could have positive implications for economic growth. As global markets continue to monitor developments in the Euro Zone, this uptick in the money supply could be seen as a positive sign for the region's financial outlook. Investors and analysts will be keeping a close eye on future data releases to gauge the ongoing economic trends in the Euro Zone.The material has been provided by InstaForex Company - www.instaforex.com

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  • Euro Zone Sees Loans to Non-Financial Corporations Increase in February 2024

    Mar 28, 2024 | 07:00 am

    In the Euro Zone, the latest data on loans to non-financial corporations indicates a positive trend for the month of February 2024. The indicator, which had previously stood at 0.2% in January 2024, surged to 0.4% in February 2024. This increase suggests that lending to businesses within the Euro Zone has picked up, potentially signaling growing confidence in the region's economic outlook.The data update, released on 28th March 2024, provides insight into the evolving financial landscape within the Euro Zone. By tracking changes in loans to non-financial corporations, analysts and policymakers can assess the availability of credit to businesses, which plays a crucial role in driving investment, growth, and overall economic activity. As the Euro Zone continues to navigate various challenges, including geopolitical uncertainties and inflationary pressures, monitoring such indicators becomes essential to understanding the broader economic trajectory.The material has been provided by InstaForex Company - www.instaforex.com

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  • Euro Zone Private Sector Loans Maintain Steady Growth at 0.3% Year-Over-Year

    Mar 28, 2024 | 07:00 am

    According to the most recent data updated on 28 March 2024, private sector loans in the Euro Zone have shown consistent growth, with the indicator remaining unchanged at 0.3% year-over-year. The comparison period indicates that this growth is measured by comparing the change in the current month to the same month a year ago.This stability in private sector loans suggests a positive trend in lending within the Euro Zone, indicating potential economic growth and stability in the region. Analysts will be closely monitoring these indicators to assess the overall health of the economy and to anticipate any potential shifts in lending patterns that could impact the broader financial landscape.The material has been provided by InstaForex Company - www.instaforex.com

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  • Nigeria's Foreign Reserves Rise to $34.26 Billion: Data Updated on March 28, 2024

    Mar 28, 2024 | 07:00 am

    Nigeria's foreign reserves have shown a positive increase, reaching $34.26 billion as of the latest update on March 28, 2024. This marks a noticeable growth from the previous recorded level of $33.52 billion in February 2024. The increase in foreign reserves signifies a boost to Nigeria's economic stability and ability to meet its international financial obligations.Foreign reserves play a crucial role in supporting a country's currency stability and overall economic resilience. The rise in Nigeria's foreign reserves indicates a positive trend that could help bolster investor confidence and support the country's economic growth prospects. Monitoring these indicators provides valuable insights into the financial health of nations and their ability to navigate global economic challenges.The material has been provided by InstaForex Company - www.instaforex.com

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  • South Africa's Budget Balance Improves Significantly in February

    Mar 28, 2024 | 06:59 am

    In a positive turn of events, South Africa's budget balance showed a significant improvement in February 2024. According to the latest data released on 28 March 2024, the country's budget deficit decreased from -54.66 billion in January 2024 to 20.78 billion in February 2024. This marks a noteworthy shift towards a more favorable financial position for South Africa.The month-over-month comparison reveals a remarkable progress in managing the country's budget, indicating a promising outlook for its economic stability. The positive change in the budget balance reflects potential advancements in fiscal management and government spending strategies. As South Africa continues to make strides in improving its financial situation, investors and economists will be closely monitoring further developments to assess the overall economic health of the country.The material has been provided by InstaForex Company - www.instaforex.com

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  • German Unemployment Sees Slight Increase in March

    Mar 28, 2024 | 06:55 am

    In the latest economic update from Germany, the country's unemployment figures for the month of March 2024 show a slight increase. The previous indicator, which stood at 2.713 million in February, has now risen to 2.719 million as of March. This increase of 6,000 unemployed individuals marks a small shift in the country's labor market.The data, updated on 28 March 2024, reflects the current economic conditions in Germany. Despite this uptick in unemployment, experts are closely monitoring the situation to assess any potential long-term implications and to track the country's economic recovery post-pandemic.The material has been provided by InstaForex Company - www.instaforex.com

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  • German Unemployment Sees Improvement in March 2024

    Mar 28, 2024 | 06:55 am

    In a positive turn of events for the German economy, the latest data released on 28 March 2024 shows a decline in unemployment numbers for the month of March. The seasonally adjusted unemployment rate fell to 2.769 million from 2.814 million in February 2024. This improvement suggests a positive trend in the labor market, indicating potential economic growth and stability in the country.With the decrease in unemployment numbers, Germany seems to be making strides in mitigating job losses and providing opportunities for its workforce. The latest figures provide hope for both job seekers and the overall economic outlook, indicating progress towards recovery in the face of global economic challenges. As the world watches closely, Germany's improving unemployment situation could potentially have a positive impact on the broader European and global economies.The material has been provided by InstaForex Company - www.instaforex.com

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  • German Unemployment Drops Significantly by 7K in March 2024

    Mar 28, 2024 | 06:55 am

    In a positive turn of events for the German economy, recent data shows a significant decrease in unemployment figures for the month of March 2024. The German Unemployment Change indicator ceased at 4K, a notable drop from the previous month's 11K. This decline of 7K in unemployed individuals signifies a potential upturn in employment opportunities within the country.The latest statistics, updated on 28 March 2024, highlight a promising trend towards a more robust job market in Germany. This decrease in unemployment could indicate improved economic conditions and bolster consumer confidence in the region. As the country continues to navigate through various challenges, this reduction in joblessness offers a glimmer of hope for both job seekers and the overall economy of Germany.The material has been provided by InstaForex Company - www.instaforex.com

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  • German Unemployment Rate Stays Steady at 5.9% in March 2024

    Mar 28, 2024 | 06:55 am

    In a recent report released on March 28, 2024, it has been revealed that the German unemployment rate remained unchanged at 5.9% in March. This rate mirrors the figure recorded in February 2024, showcasing stability in the job market. Despite various economic challenges, Germany has managed to maintain a consistent unemployment rate, indicating resilience in the face of global uncertainties.The steady unemployment rate suggests that the German economy continues to showcase signs of robustness, with businesses managing to sustain employment levels. As one of Europe's leading economies, Germany's ability to maintain a low unemployment rate is a positive indicator for both domestic and international stakeholders. The data update provided on March 28, 2024, offers insights into the labor market dynamics and provides valuable information for policymakers and investors alike.The material has been provided by InstaForex Company - www.instaforex.com

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  • Germany Retail Sales Unexpectedly Fall In February

    Mar 28, 2024 | 06:50 am

    In recent economic news from Germany, retailers experienced an unforeseen downturn in sales for the month of February, as reported by Destatis on Thursday.Sales dropped by 1.9 percent from January, contradicting the predicted increase of 0.3 percent. This represents a year-on-year decline of 2.7 percent in real terms, a more significant fall than the anticipated 0.8 percent decrease forecasted by economists.In terms of specific sectors, food sales saw a reduction of 1.7 percent from the previous month, while non-food retail sales witnessed a 1.0 percent slump.Moreover, in nominal terms, February's retail sales fell by 1.8 percent on a monthly basis and by 0.4 percent annually.The material has been provided by InstaForex Company - www.instaforex.com

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  • UK Car Production Surges 14.6% On Domestic Demand: SMMT

    Mar 28, 2024 | 06:43 am

    The United Kingdom's car production increased for the sixth consecutive month in February. This growth has been attributed to the strong demand in the local market, according to data from the Society of Motor Manufacturers and Traders (SMMT), released on Thursday.In February, overall car production rose 14.6 percent, compared to the previous year, marking the most substantial February performance since 2021. A total of 79,997 units were manufactured during the month.In the same month, domestic market demand surged by 58.0 percent to 20,658 units, and demand in foreign markets saw a 4.6 percent increase. The EU continued to be the largest global market for the UK car industry, accounting for 59.9 percent of exports, while the US followed with 14.8 percent.The data also demonstrated a continued upwards trend in the production of electrified vehicles, which rose by 6.0 percent to 29,038 units in February.For the year's initial two months, UK car production experienced a 17.8 percent rise to 162,904 units. This has been the most positive start to a year since 2021.However, as Mike Hawes, SMMT Chief Executive, pointed out, the UK industry is in a competitive environment, with global competitors vying to secure new models and technologies. Therefore, it's crucial for all political parties to maintain a commitment to our industrial competitiveness, especially in this probable election year.The material has been provided by InstaForex Company - www.instaforex.com

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  • UK Economy Shrinks 0.3% As Estimated

    Mar 28, 2024 | 06:35 am

    Final figures from the Office for National Statistics (ONS) confirm that the UK's economy shrank in the last quarter, as previously indicated. The gross domestic product (GDP) decline was 0.3%, following a 0.1% dip in the previous quarter, confirming a technical recession towards the end of 2023. The overall growth for that year was a meagre 0.1%, a stark contrast to the 4.3% growth seen in 2022.Ignoring the coronavirus impacted year of 2020, this represented the weakest year-on-year change in real GDP since the financial crisis of 2009, according to the ONS. When compared to the same quarter in the previous year, the real GDP fell by 0.2% in the fourth quarter.The data reveals a decrease in the volume of net trade, gross capital formation, and household consumption in the last quarter of 2023, which was partially balanced out by a rise in government spending. Household expenditure slipped by 0.1% in sequence, while government spending rose by 0.1%.Gross fixed capital formation saw a revised increase of 0.9%, with business investment contributing a 1.4% increase. The trade deficit for goods and services came to 1.1% of GDP in the same quarter, showing an upward revision from the initially estimated deficit of 1.6%.The material has been provided by InstaForex Company - www.instaforex.com

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  • Hong Kong's M3 Money Supply Shows Signs of Recovery in February 2024

    Mar 28, 2024 | 06:30 am

    In an encouraging sign for Hong Kong's economy, the M3 money supply indicator for the country showed a positive turnaround in February 2024. According to the latest data released on 28 March 2024, the M3 money supply, which had previously declined by -0.7% in January 2024, rebounded to reach 0.1% in February 2024.The increase in the M3 money supply indicator suggests that there might be improved liquidity in the economy, which could potentially lead to increased spending and investment. This positive development could help bolster Hong Kong's economic recovery efforts amid ongoing global economic uncertainties.The rise in the M3 money supply indicator is an important metric for policymakers and investors to monitor as they assess the health and trajectory of Hong Kong's economy. It will be crucial to continue observing future trends in the M3 money supply indicator to gauge the sustainability of the economic recovery in Hong Kong.The material has been provided by InstaForex Company - www.instaforex.com

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  • Uganda's CPI Shows Slight Dip in March 2024

    Mar 28, 2024 | 06:30 am

    Uganda's Consumer Price Index (CPI) for March 2024 has shown a slight decrease, reaching 3.3% compared to the previous month's 3.4%. The data, updated on 28th March 2024, indicates a small shift in the country's inflation rate. The CPI comparison is done on a Year-over-Year basis, which means the current indicator is compared to the same month a year ago.While the decrease is marginal, it reflects a subtle adjustment in the prices of goods and services in Uganda. The CPI is a crucial economic indicator that measures the average change over time in the prices paid by consumers for a basket of goods and services. This slight dip could have varying impacts on different sectors of the economy and consumer purchasing power in the country. Analysts will closely monitor future CPI trends to assess the overall economic stability and inflation rate in Uganda.The material has been provided by InstaForex Company - www.instaforex.com

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  • Zambian CPI Increases Slightly to 13.7% in March 2024

    Mar 28, 2024 | 06:10 am

    The latest data update from Zambia reveals that the Consumer Price Index (CPI) in the country rose slightly to 13.7% in March 2024. This uptick comes after the previous indicator had plateaued at 13.5% in February 2024. The comparison period for this data is Year-over-Year, meaning the current indicator of 13.7% is compared to the same month a year ago, indicating a slight increase in inflation within the country.The new CPI figure may indicate potential challenges for the Zambian economy, as higher inflation rates can impact consumer purchasing power and overall economic stability. It will be crucial for policymakers to closely monitor these developments and implement appropriate measures to mitigate any adverse effects on the economy. As of the latest update on 28th March 2024, the Zambian CPI stands at 13.7%, highlighting the importance of carefully managing inflation to support sustainable economic growth.The material has been provided by InstaForex Company - www.instaforex.com

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  • Zambian CPI Drops to 1.2% in March 2024

    Mar 28, 2024 | 06:10 am

    In a recent update on March 28, 2024, the Consumer Price Index (CPI) for Zambia revealed a decrease to 1.2% in March from the previous indicator of 2.2% in February 2024. The CPI measures the average change over time in the prices paid by urban consumers for a basket of consumer goods and services. This data is crucial for understanding inflation and making informed economic decisions.The month-over-month comparison indicates a decline in the CPI, showing a decrease in consumer price levels in Zambia from February to March. This drop could have implications for the country's economy, influencing decisions on monetary policies and consumer spending patterns. Analysts and policymakers will likely closely monitor this trend to assess its impact on the overall economic stability of Zambia.The material has been provided by InstaForex Company - www.instaforex.com

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  • Casino Announces Effective Completion Of Financial Restructuring - Quick Facts

    Mar 28, 2024 | 06:08 am

    Casino, Guichard-Perrachon has announced the successful accomplishment of its financial restructuring, which took effect on the 27th of March, 2024. Following this restructuring, Casino's share capital now consists of 37,304,080,735 shares, which account for 37,351,145,246 theoretical voting rights. The restructuring led to a shift in control of the Casino group in favor of France Retail Holdings. The trading of Casino shares is set to recommence on the forthcoming Thursday morning.The company also has some planned transactions slated for April. These include a reverse share split of the shares, along with a decrease in share capital via a reduction in the par value of the shares issued by Casino.The material has been provided by InstaForex Company - www.instaforex.com

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  • Czech Republic's GDP Shows Recovery with 1% Growth in Fourth Quarter 2023

    Mar 28, 2024 | 06:00 am

    The Czech Republic's Gross Domestic Product (GDP) showed signs of recovery in the fourth quarter of 2023, with a 1% increase compared to the previous quarter. According to the latest data updated on 28th March 2024, the previous GDP indicator had stopped at -0.6%, while the current indicator reached 0.4% in the same period.This Quarter-over-Quarter comparison reflects a positive turnaround in the Czech economy, indicating a shift towards growth after facing a decline in the previous quarter. The increase in GDP suggests improving economic conditions and potential for further expansion in the coming months. The data provides a hopeful outlook for the Czech Republic's economic recovery moving forward.The material has been provided by InstaForex Company - www.instaforex.com

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  • Austrian Producer Price Index (PPI) Shows Stagnation in February 2024

    Mar 28, 2024 | 06:00 am

    The latest data on the Austrian Producer Price Index (PPI) for February 2024 indicates a stagnation in prices, with the indicator remaining unchanged at 0%. This comes after a significant decrease of 7.2% in January 2024. The year-over-year comparison reveals a stark contrast, with the current figure showing no change compared to the same month last year. This data, updated on 28th March 2024, suggests that the Austrian economy is experiencing stability in producer prices. The PPI is a key economic indicator that tracks the average changes in prices received by domestic producers for their output, providing insights into inflationary pressures in the economy. Investors and policymakers will closely monitor these developments to assess the impact on overall economic stability and inflation rates in Austria.The material has been provided by InstaForex Company - www.instaforex.com

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  • Austrian Producer Price Index Stagnates in February 2024

    Mar 28, 2024 | 06:00 am

    In February 2024, Austria's Producer Price Index (PPI) remained unchanged, standing at 0% growth, according to recent data. This comes after a decrease of 1% in January 2024. The month-over-month comparison reveals a halt in the decline observed in the previous period.The latest figures indicate a stabilization in the Austrian PPI, suggesting a potential balancing effect in the country's production costs. The data, updated on 28 March 2024, provides insights into the economic landscape, showing resilience in the face of previous downward trends. With the PPI holding steady in February, analysts will be closely monitoring future developments to assess the impact on Austria's industrial sector and overall economic performance.The material has been provided by InstaForex Company - www.instaforex.com

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  • Czech Republic Records GDP Growth of 1% in Fourth Quarter of 2023

    Mar 28, 2024 | 06:00 am

    The Czech Republic recently reported a significant turnaround in its Gross Domestic Product (GDP) for the fourth quarter of 2023. After experiencing a contraction with a -0.8% indicator in the previous quarter, the country saw growth with a current indicator of 0.2%. This positive change represents a 1% increase in GDP and signals a potential economic recovery for the nation.The data, last updated on 28 March 2024, shows that the comparison period for this improvement is year-over-year. The Year-over-Year comparison depicts the growth of the current quarter in comparison to the same period the previous year. This rise in GDP indicates a positive shift in the Czech Republic's economic performance, offering hope for continued progress in the coming months.The material has been provided by InstaForex Company - www.instaforex.com

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  • Switzerland's Official Reserves Assets Reach $751 Billion in February 2024

    Mar 28, 2024 | 06:00 am

    In the latest update on Switzerland's official reserves assets, data released on March 28, 2024, shows a significant increase from the previous period. Switzerland's official reserves assets rose to $751 billion in February 2024, up from $733.7 billion in January 2024. This notable increase highlights Switzerland's commitment to managing its reserves effectively amidst a changing global economic landscape.The growth in official reserves assets can be a positive sign for Switzerland's economic stability and confidence in its financial markets. It reflects the country's efforts to strengthen its position in the global economy and maintain a robust financial footing. As Switzerland continues to navigate economic challenges, the substantial increase in official reserves assets in February 2024 showcases resilience and prudent financial management. Investors and analysts will be closely monitoring Switzerland's economic performance in the coming months to gauge the impact of these reserve assets on the country's overall economic outlook.The material has been provided by InstaForex Company - www.instaforex.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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  • EUR/GBP retreats from 0.8570 on weak German Retail Sales

    Mar 28, 2024 | 01:23 am

    The EUR/GBP pair falls back from 0.8570 as German Retail Sales data for February remains weaker than expected.

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  • Pound Sterling faces pressure on firm BoE rate cut bets

    Mar 28, 2024 | 01:19 am

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

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  • India Gold price today: Gold rises, according to MCX data

    Mar 28, 2024 | 01:17 am

    Gold prices rose in India on Thursday, according to data from India's Multi Commodity Exchange (MCX).

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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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  • EUR/USD could crack the 1.0800 mark on the Easter weekend – Commerzbank

    Mar 28, 2024 | 01:14 am

    EUR/USD struggles to gain traction in the second half of the week.

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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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  • US stock markets recover as expected in the longer term bull trend [Video]

    Mar 28, 2024 | 01:06 am

    Emini S&P June futures bounce from 5263 to recover 3 days of losses.

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  • EUR/USD could head to 1.0780 and perhaps 1.0750 under 1.0800 support – ING

    Mar 28, 2024 | 01:03 am

    EUR/USD holds slightly above the 1.0800 level. Economists at ING analyze the pair’s outlook.

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  • Austria Producer Price Index (MoM) increased to -0.3% in February from previous -1%

    Mar 28, 2024 | 01:02 am

    Austria Producer Price Index (MoM) increased to -0.3% in February from previous -1%

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  • Austria Producer Price Index (YoY) rose from previous -7.2% to -6.4% in February

    Mar 28, 2024 | 01:02 am

    Austria Producer Price Index (YoY) rose from previous -7.2% to -6.4% in February

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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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  • USD/CHF advances to near 0.9060 on risk aversion, subdued Swiss Leading Indicator

    Mar 28, 2024 | 00:58 am

    USD/CHF moves higher to near 0.9060 during the early European session on Thursday.

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  • Gold Price Forecast: Rising XAU/USD suggests market expects further inflation falls to support rate cuts – ANZ

    Mar 28, 2024 | 00:53 am

    Gold extended recent gains amid expectations of lower inflation.

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  • Gold price bulls keenly await US PCE Price Index on Friday before placing fresh bets

    Mar 28, 2024 | 00:52 am

    Gold price (XAU/USD) continues with its struggle to make it through the $2,200 mark and oscillates in a range during the Asian session on Thursday.

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  • USD/INR: A modestly stronger Rupee by the end of 2024 – ANZ

    Mar 28, 2024 | 00:28 am

    Economists at ANZ Bank expect the Indian Rupee (INR) to enjoy a mild appreciation over the course of the year.

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  • GBP/JPY loses ground near 191.00 following UK GDP data

    Mar 28, 2024 | 00:21 am

    The GBP/JPY cross trades in negative territory for two straight days, hovering around the 191.00 mark on Thursday.

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  • ASX 200 clings to 7,900, market sentiment improves on expectation of RBA's rate cuts

    Mar 28, 2024 | 00:03 am

    The ASX 200 Index rises to nearly 7,900, up by 0.26% on Thursday, extending gains to new record highs.

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  • German Retail Sales decline 2.7% YoY in February vs. -0.8% expected

    Mar 28, 2024 | 00:02 am

    Germany's Retail Sales dropped 1.9% MoM in February, slowing from a 0.4% decline in January, according to the official data released by Destatis on Thursday.

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  • United Kingdom Gross Domestic Product (QoQ) in line with expectations (-0.3%) in 4Q

    Mar 28, 2024 | 00:01 am

    United Kingdom Gross Domestic Product (QoQ) in line with expectations (-0.3%) in 4Q

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  • United Kingdom Gross Domestic Product (YoY) meets expectations (-0.2%) in 4Q

    Mar 28, 2024 | 00:01 am

    United Kingdom Gross Domestic Product (YoY) meets expectations (-0.2%) in 4Q

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  • United Kingdom Total Business Investment (QoQ) declined to 1.4% in 4Q from previous 1.5%

    Mar 28, 2024 | 00:01 am

    United Kingdom Total Business Investment (QoQ) declined to 1.4% in 4Q from previous 1.5%

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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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  • Germany Retail Sales (MoM) below forecasts (0.3%) in February: Actual (-1.9%)

    Mar 28, 2024 | 00:00 am

    Germany Retail Sales (MoM) below forecasts (0.3%) in February: Actual (-1.9%)

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  • Germany Retail Sales (YoY) below expectations (-0.8%) in February: Actual (-2.7%)

    Mar 28, 2024 | 00:00 am

    Germany Retail Sales (YoY) below expectations (-0.8%) in February: Actual (-2.7%)

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  • United Kingdom Total Business Investment (YoY): 2.8% (4Q) vs previous 3.7%

    Mar 28, 2024 | 00:00 am

    United Kingdom Total Business Investment (YoY): 2.8% (4Q) vs previous 3.7%

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  • United Kingdom Current Account came in at £-21.177B, above forecasts (£-21.4B) in 4Q

    Mar 28, 2024 | 00:00 am

    United Kingdom Current Account came in at £-21.177B, above forecasts (£-21.4B) in 4Q

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  • Turkey Economic Confidence Index climbed from previous 99 to 100 in March

    Mar 28, 2024 | 00:00 am

    Turkey Economic Confidence Index climbed from previous 99 to 100 in March

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  • Australian Dollar depreciates amid improved US Dollar, US GDP Annualized awaited

    Mar 27, 2024 | 23:56 pm

    The Australian Dollar (AUD) manages to pare its intraday losses but remains in negative territory on Thursday.

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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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  • WiseTech Global Limited Elliott Wave technical forecast [Video]

    Mar 27, 2024 | 23:44 pm

    Unlocking ASX Trading Success: WISETECH GLOBAL LIMITED – WTC Stock Analysis & Elliott Wave Technical Forecast.

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  • Forex Today: Subdued action continues heading into Easter holiday

    Mar 27, 2024 | 23:37 pm

    Here is what you need to know on Thursday, March 28: Major currency pairs continue to fluctuate in familiar ranges in the second half of the week.

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  • USD/INR trades strongly as Fed’s hawkish comments spur US Dollar demand

    Mar 27, 2024 | 23:22 pm

    Indian Rupee (INR) edges lower on Thursday amid the higher demand for the US Dollar (USD) from oil importers and the hawkish remarks from the Federal Reserve (Fed) officials.

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  • Pound Sterling trades on a softer note below the mid-1.2600s

    Mar 27, 2024 | 23:15 pm

    The GBP/USD pair remains on the defensive around 1.2630 on Thursday during the early European trading hours.

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  • Japanese Yen remains on the defensive, bears turn cautious amid intervention fears

    Mar 27, 2024 | 23:14 pm

    The Japanese Yen (JPY) struggles to capitalize on the previous day's modest recovery against its American counterpart from the lowest level since 1990 and edges lower during the Asian session on Thursday.

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  • Silver Price Forecast: XAG/USD rises to $24.70 ahead of US core PCE Inflation

    Mar 27, 2024 | 23:13 pm

    Silver price (XAG/USD) advances to $24.70 in the late Asian session on Thursday.

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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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  • More Waller headlines: "Fed's Waller Says No Rush to Cut Interest Rates"

    Mar 27, 2024 | 18:23 pm

    Federal Reserve Board Governor Christopher Waller spoke earlier. Headlines are focused on his reasons for delaying cuts.Reuters, for example:Fed's Waller still sees 'no rush' to cut rates amid sticky inflation dataBloomberg:Fed's Waller Says No Rush to Cut Interest RatesCNBC:Fed Governor Christopher Waller says no rush to cut interest ratesAnd, I already posted on another headline:Check out this headline: "Why the Fed Is Delaying Interest-Rate Cuts: Waller"Comments from Waller's speech and Q&A are here: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 dollar(ps still is too)More 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 panicIn one of those you'll see references to similar from Bostic and Kashkari. Waller is not a lone voice here. Fed's Bostic say he now anticipates only one rate cut this yearKashkari If economy continues to be healthy, why would we cut ratesAnd markets are beginning to be swayed:"Why a Fed rate cut in June is not yet a done deal"---Folks, don't get caught with an outdated view of Fed rate cuts. Its looking more and more like the bank will delay rate its first rate cut. FOMC members are flicking the switch to 'wait' right in front of our eyes. Yes, there are still two more CPI readings to come from the US before June. Indeed we'll get more info on Friday with the PCE report (I'll have more on this to come later today, it's a hugely important data point, and markets will be closed when it hits!). So, if inflation dribbles lower again (I don't think it will) then maybe June is still a prospect, but from what I am seeing and hearing the first cut will be later and there won't be three this year. This article was written by Eamonn Sheridan at www.forexlive.com.

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  • China hopes the Netherlands would ensure "normal" trade of lithography machines

    Mar 27, 2024 | 17:52 pm

    China hopes the Netherlands would support companies in fulfilling their contractual obligations and ensure "normal" trade of lithography machines, said Chinese Commerce Minister Wang Wentao. Info via Reuters on the meeting with Dutch Trade Minister Geoffrey van Leeuwen on Wednesday, Both men held in-depth talks on issues including the export of lithography machines to China and cooperation in the semiconductor industry, according to a statement from the Chinese commerce ministry--- This is in the context of earlier this year, the Dutch government began denying licences for Dutch firm ASML to export advanced "DUV" tool lines to China, joining a U.S. effort to curb chip exports to China.This from last year:US is expected to further restrict export of Dutch chip making equipment to China This article was written by Eamonn Sheridan at www.forexlive.com.

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  • Australian Retail Sales for February +0.3% m/m (expected 0.4%, prior +.1%)

    Mar 27, 2024 | 17:33 pm

    The data release is not moving around AUD too much atall. It dropped earlier on Waller, as did pretty much everything else (the USD gained). Waller here ICYMI: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 dollar(ps still is too)More 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" This article was written by Eamonn Sheridan at www.forexlive.com.

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  • New Zealand March business confidence 22.9 (prior 34.7)

    Mar 27, 2024 | 17:06 pm

    New Zealand data - ANZ Business Survey for March 2024 - big drops seenBusiness confidence 22.9% vs. 34.7 in FebruaryActivity Outlook 22.5% vs. 29.5 in FebruaryANZ's report on the survey is titled 'The R word' (R for recession)And their 'Key points'The steady improvement in consumer confidence over recent months took a blow this month.ANZ-Roy Morgan consumer confidence fell 9 points in March to 86.4, with a fall across most questions, likely affected by recession headlines. Late-month responses were markedly weaker than those that preceded the GDP data. Inflation expectations were unchanged at 4.5%, while expected house price inflation fell from 4.1% to 3.4%. This series has no predictive power for house prices, but is a lens on the “wealth effect” on spending.NZD/USD took a hit, extending its Waller losses from earlier:Has hit its lowest since November. 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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  • Waller's remarks have pumped up the US dollar

    Mar 27, 2024 | 15:24 pm

    Federal Reserve Board Governor Christopher Waller is the latest Fed official to back pedal on rate cut expectations. Hos comments are here:Fed's Waller says may need to hold current rate for longer than expected, no rush to cutEUR, AUD, GBP, CAD, NZD and of course the hapless yen, have all given up some ground against the dollar on these. USD/CAD for example:I chose USD/CAD for no particular reason, all major FX lost ground on the knee jerk to Waller. This article was written by Eamonn Sheridan at www.forexlive.com.

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  • Forexlive Americas FX news wrap: Stocks stay hot, FX stays cool

    Mar 27, 2024 | 15:15 pm

    SNB's Jordan: Lower inflation pressure allowed them to lower interest ratesUS sells 7-year notes at 4.185% vs 4.193% WIEIA weekly US crude oil inventories +3165K vs -1275K expectedUS judge rules that Coinbase failed to register as a securities businessSouth African reserve bank keeps repo rate at 8.25%Markets:S&P 500 up 45 points, or 0.9%Gold up $15 to $2194US 10-year yields down 4.6 bps to 4.19%WTI crude oil up 10-cents to $81.72JPY leads, EUR lagsFX closing moves were small today as the market sorts through quarter-end and waits for some meaningful economic data. The economic calendar was bare today save for oil inventories and a 7-year auction. The fixed income sale was strong and that put downward pressure on yields and led to some dollar selling that reversed earlier gains.On net, we have the euro down 2 pips on the day and the pound up 13 with commodity currencies broadly flat. That's hardly the kind of price action to get the pulse racing but there were some moves in Asia and into the London fix.Eyes are on the yen after the threat of intervention. The market doesn't appear to be overly worried though as the Asia lows were bought in a steady 20 pip rise. With a slate of Japanese data coming up on Friday that includes CPI, retail sales, employment and industrial production, eyes will remain on the yen.I like this take from BMO on the broader picture:The US rates market (and arguably the financial market more broadly) is taking a step back from trading the macro story – at least that is the sense we’ve gathered from the combination of the price action and conversations with market participants. Last week’s Fed events have set the stage for a June rate cut if all goes according to expectations and as a result, volatility is on the decline and the incentive to establish new positions has decreased. Those with core positions for the year are holding them, but there is little incentive to add here in the middle of the range. That said, comments from Waller shortly could re-introduce some volatility. This article was written by Adam Button at www.forexlive.com.

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  • New Zealand data - March consumer confidence plunges to 86.4 (prior 94.5)

    Mar 27, 2024 | 14:14 pm

    From New Zealand comes the ANZ-Roy Morgan Consumer Confidence Index for March 202486.4prior 94.5The recession in New Zealand obviously weighing.ANZ comments:net 24% think it is a bad time to buy a major household item, down 6 percentage points, bringing to an end a steady run of improvement"News that the economy re-entered recession in the second half of last year appears to have hit consumer confidence hard"--- A reading above 100 shows optimism, while below that indicates pessimism. Auckland New Zealand This article was written by Eamonn Sheridan at www.forexlive.com.

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  • US Treas Sec Yellen says not ready to discuss potential US retaliation over China

    Mar 27, 2024 | 13:24 pm

    US Treasury Secretary Yellen: Says not ready to discuss potential US retaliation over Chinese excess capacity and subsidiesWants to have 'constructive' talks with Chinese officialsThis is going to be an issue for sure as Chinese output continues to recover but domestic demand in the country languishes. This article was written by Eamonn Sheridan at www.forexlive.com.

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  • Trade ideas thread - Thursday, 28 March, insightful charts, technical analysis, ideas

    Mar 27, 2024 | 13:17 pm

    Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.

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  • Forex Today: Japanese Yen Hits 34-Year Low - 27 March 2024

    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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  • Forex Today: Markets Await US Inflation Data

    Feb 12, 2024 | 23:09 pm

    US Inflation Expected to Fall to 2.9%; S&P 500, NASDAQ 100, Dow Jones 30 Hit All-Time Highs; Cocoa Futures Slightly Lower After High; Bitcoin Testing $50k; Swiss Inflation Data Due

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