Decent US Data ahead of Payrolls | Xtreamforex
Decent US Data ahead of Payrolls | Xtreamforex Today brings this week’s most important data releases both from the Euro area and the US. In Euro area, flash inflation print for December will be released. Individual country data released thus far suggest that while headline inflation probably continued to decline in December, underlying price pressures […]
The Minutes from the December FOMC meeting
The Minutes from the December FOMC meeting The Minutes from the December FOMC meeting showed that Fed members observed that a slowing of interest rate increases would allow the central bank to assess the progress on inflation and employment. Recall that the FOMC slowed the pace of interest rates increase to 50bps from 75bps the […]
Upcoming Market Updates: GBP, CHF, EUR, USD, NZD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, CHF, EUR, USD, NZD GBP: Rightmove HPI m/m, it measures Change in the asking price of homes for sale. CHF : PPI m/m, it measures Change in the price of goods and raw materials purchased by manufacturers. EUR: Industrial Production m/m, it measures Change in the total inflation-adjusted value […]
Upcoming Market Updates: JPY, AUD, GBP, USD, EUR, CHF, NZD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, GBP, USD, EUR, CHF, NZD JPY: M2 Money Stock y/y, it measures Change in the total quantity of domestic currency in circulation and deposited in banks. AUD: MI Inflation Expectations, it measures Percentage that consumers expect the price of goods and services to change during the next 12 […]
Upcoming Market Updates: JPY, USD, AUD, GBP
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, USD, AUD, GBP JPY: Bank Lending y/y, it measures Change in the total value of outstanding bank loans issued to consumers and businesses. JPY: Current Account, it measures Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the reported month. JPY: 30-y Bond […]
Australian Business and Consumer Sentiment
Australian Business and Consumer Sentiment Business reported another strong month of sales and profitability, although a dip in new orders and rising costs weighed on sentiment. Whilst consumer-driven demand remains high, National Australian Bank’s chief economist noted that forms appear wary that the current pace of consumption will continue. PMI survey’s for Australia continue to […]
Upcoming Market Updates: AUD, JPY, GBP, NZD, EUR, CHF
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, JPY, GBP, NZD, EUR, CHF AUD: Westpac Consumer Sentiment, it measures Change in the level of a diffusion index based on surveyed consumers. JPY: Average Cash Earnings y/y, it measures Change in the total value of employment income collected by workers. JPY: Household Spending y/y, it measures Change in […]
FOMC Meeting, Expected Hike 75bps
FOMC Meeting, Expected Hike 75bps The FOMC will conclude it’s monetary policy today. The expectation is that traders are pricing in nearly 90% odds of a 75bps interest rate hike, an expectation that was supported by the Wall Street Journal’s. Traders are currently pricing in a peak Fed Funds rate around 4.9% in May 2023, […]
Upcoming Market Updates: NZD, CAD, JPY, GBP, AUD, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, CAD, JPY, GBP, AUD, EUR, USD NZD: RBNZ Gov Orr Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle […]
Euro area annual inflation up to 10.7% – European Union
Euro area annual inflation up to 10.7% – European Union Eurostat’s preliminary estimate indicated an acceleration of annual inflation in the euro region from 9.9% immediately to 10.7%. Economists are expecting no change, and the difference of 0.8 points is one of the most prominent indicators economists predict quite accurately on average. But it’s not […]
Upcoming Market Updates: JPY, AUD, EUR, GBP, CHF, CAD, NZD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, EUR, GBP, CHF, CAD, NZD JPY: Final Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Cash Rate, it measures Interest rate charged on overnight loans between financial intermediaries. AUD: RBA Rate Statement, It’s among the primary tools […]
The RBA with a 25bp hike Expected
The RBA with a 25bp hike Expected The RBA is set to hold their November meeting tomorrow and whilst the consensus is for a 25bp hike, it doesn’t mean they won’t do a 50bp one instead. Economists favor a 25bp hike, although money markets estimate a 51% chance of a 50bp hike tomorrow. It may […]
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, USD JPY: Prelim Industrial Production m/m, it measures Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. JPY: Retail Sales y/y, it measures Change in the total value of sales at the retail level. AUD: MI Inflation Gauge m/m, it […]
Upcoming Market Updates: USD, JPY, AUD, CHF, EUR
Upcoming Market Updates: USD, JPY, AUD, CHF, EUR USD: FOMC Member Bullard Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. JPY: Trade Balance, Export demand and currency demand are directly linked because foreigners […]
Upcoming Market Updates: AUD, GBP, CAD, USD
[vc_row full_width=”stretch_row” el_id=”extra_class”][vc_column][vc_column_text] Upcoming Market Updates: AUD, GBP, CAD, USD AUD: MI Leading Index m/m, it measures Change in the level of a composite index based on 9 economic indicators. GBP: CPI y/y, it measures Change in the price of goods and services purchased by consumers. GBP: Core CPI y/y, it measures Change in the […]
Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text][vc_row][vc_column width=”1/1″][vc_column_text] Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed manufacturers. JPY: M2 Money Stock y/y, it measures Change in the total quantity of domestic currency in circulation and deposited in banks. EUR: German WPI m/m, it measures […]
Upcoming Market Updates: NZD, USD, GBP, JPY, AUD, EUR, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, USD, GBP, JPY, AUD, EUR, CHF, USD NZD: FPI m/m, it measures Change in the price of food and food services purchased by households. USD: FOMC Member Bowman Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often […]
AUD/USD falls to new 18-month low
AUD/USD falls to new 18-month low AUD/USD continues to lose ground and can’t find its footing. The Aussie started the week on the wrong foot, with a decline of 1.0% on Monday. AUD/USD is trading at 0.6266 down 0.52%. Earlier the day, the Australian dollar fell to 0.6247, its lowest level since April 2020. Australia […]