Upcoming Market Updates: JPY, EUR, GBP, USD
Upcoming Market Updates: JPY, EUR, GBP, USD JPY: BOJ Summary of Opinions, It’s the primary tool the BOJ uses to communicate their economic and monetary projections to investors. JPY: SPPI y/y, it measures Change in the price of services purchased by corporations. EUR: Spanish Unemployment Rate, it measures Percentage of total work force that is […]
Gold Steady and Dollar Undermined
Gold Steady and Dollar Undermined: After silver’s big plunge on Monday, both precious metals have managed to steady the ship, suggesting the move at the start of the week was probably a bear trap. The US Dollar has come back against the Canadian dollar thanks to a 25- basis point rate hike from the […]
Australia CPI:
Australia CPI: Headline CPI 1.9%qtr/7.8%yr; Trimmed Mean 1.7%qtr6.9%yr; Weighted Median 1.6%qtr5.8%yr. Hospitality services most important factor in the upside surprise in the December quarter but with the Trimmed Mean coming in broadly as expected this suggests the pace of core inflation is generally unfolding as we expected. The CPI lifted 1.9% in the December quarter […]
Upcoming Market Updates: AUD, JPY, CHF, EUR, GBP, USD, CHF, NZD
Upcoming Market Updates: AUD, JPY, CHF, EUR, GBP, USD, CHF, NZD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. AUD: NAB Business Confidence, […]
25bp Hike from Bank Of Canada expected
25bp Hike from Bank Of Canada expected The Bank of Canada are expected to hike interest rates by 25bp tomorrow according to market pricing and economists. The hike would see their benchmark rate rise to 4.5% – its highest level since October 2007 – and on par with the Fed yet above the RBNZ’s 4.25% […]
Upcoming Market Updates:
Upcoming Market Updates: 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. AUD: Trade Balance, it measures Difference in value between […]
GBP/USD: Pound Counts on the Best.
GBP/USD: Pound Counts on the Best. As in the US, retail sales in the UK also went down. They fell -1.0% in December, which is significantly lower than the forecast +0.5%. Analysts note that real spending in the country was significantly ahead of GDP in 2020-2022, but the rise in inflation led to a sharp […]
Australian Dollar Bright Start in 2023
Australian Dollar Bright Start in 2023 The Australia dollar has started 2023 strongly, rising above 70 cents to highs since August. A softer USD and improved China sentiment have been key. This week’s highlights include Australia’s jobs data, the Bank of Japan decision and US retail sales. The SUD has risen about 1.6 cents or […]
GBP/USD Drifting: The British Pound Is Drifting
GBP/USD Drifting: The British Pound Is Drifting The British Pound is drifting for a third day straight. In the European session, GBP/USD is trading at 1.2161, down 0.09%. We could see stronger volatility from the pound before the weekend, with the release of the US inflation report and UK GDP on Friday, both of which […]
US CPI Preview:- Will lower inflation data cause the Fed to pause
US CPI Preview:- Will lower inflation data cause the Fed to pause In general, inflation has been slowing over the last few months. Tomorrow, markets will get a look at December’s CPI print. Expectations are that the headline print will continue to move lower to 6.5% YoY vs a November reading of 7.1% YoY. Last […]
Gold & silver Struggle Despite Weak US dollar
Gold & silver Struggle Despite Weak US dollar Gold came off its earlier highs while silver turned a touch lower in what has been a quietish day. The US dollar fell further lower, extending it sharp losses from Friday when weak ISM data raised speculation that the Fed will be forced to cut interest rates […]
Upcoming Market Updates: JPY, EUR, CHF, GBP, CAD, USD
Upcoming Market Updates: JPY, EUR, CHF, GBP, CAD, USD JPY: Average Cash Earnings y/y, it measures Change in the total value of employment income collected by workers. EUR: German Factory Orders m/m, it measures Change in the total value of new purchase orders placed with manufacturers. EUR: German Retail Sales m/m, it measures Change in […]
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: JPY, EUR, GBP, USD, CAD
Upcoming Market Updates: JPY, EUR, GBP, USD, CAD JPY: Monetary Base y/y, it measures Change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ. JPY: 10-y Bond Auction, it measures Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction. […]
EUR/USD Slides to three week low
EUR/USD Slides to three week low The US dollar is showing strong gains against the majors yesterday, with the exception of the Japanese yen. EUR/USD has tumbled by 1.27% and is trading at 1.0528 in Europe. EUR/USD is sharply lower, despite a very light economic calendar. The only release of note is German CPI, which […]
Upcoming Market Updates: GBP, JPY, EUR, CHF, USD
Upcoming Market Updates: GBP, JPY, EUR, CHF, USD GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Final Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. EUR: German Import Prices m/m, it measures Change […]
USD/JPY:- Christmas Week Recovery Rally May Soon Stall Out
USD/JPY:- Christmas Week Recovery Rally May Soon Stall Out Beginning of last week, forex traders were expecting to ease into the holidays with relatively low volatility trade until BOJ Governor Kuroda fired off big of a monetary policy decision, tweaking the central bank’s yield curve control program and effectively raising interest rates by 25bps. This […]
The Euro:- An Uncertain Path
The Euro:- An Uncertain Path Euro fell below parity with the USD in October. Since then, it has rebounded, but hasn’t returned to the levels at the start of the year. Naturally, the question is whether the pair will continue the trend higher, or turn around for another run at parity. And what does this […]