BoE highlights “higher for longer” message in December Yet, investors are penciling in aggressive rate reductions CPI inflation data for December could well impact that view The numbers are scheduled for Wednesday at 07:00 GMT Read more…
China reports Q4 GDP data on Wednesday; is a rebound in store? CPI numbers due in UK, Japan and Canada Retail sales to be the main focus in the US Is China’s recovery getting back Read more…
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Friday, January 12. Full Video Transcript Below: J.D. DURKIN: I’m J.D. Durkin, reporting from Read more…
Markets The US/UK air strikes against Houthi targets in Yemen retaliating for shipping attacks in the Red Sea dominated media, but their market impact remained rather limited for now. The biggest move came on the Read more…
Canada CPI and BOC Overnight Rate schedule Technical Analysis for Monthly, Daily, and 4-hour charts The Canadian Dollar opened 2024 with a decline against the US Dollar, the Forex pair USD/CAD rose from 1.3180 in Read more…
Daily Pivots: (S1) 144.81; (P) 145.61; (R1) 146.08; More… Intraday bias in USD/JPY remains neutral at this point. On the upside above 146.40 will resume the rebound from 140.25 to 61.8% retracement of 151.89 to Read more…
Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. Intraday bias in USD/CHF stays neutral for the moment. Consolidation from 0.8332 is extending and stronger recovery cannot be ruled out. But outlook will stay bearish Read more…
Daily Pivots: (S1) 1.0936; (P) 1.0967; (R1) 1.1005; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to Read more…
Daily Pivots: (S1) 1.2711; (P) 1.2742; (R1) 1.2795; More… No change in GBP/USD’s outlook as range trading continues below 1.2826. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, Read more…
Today’s trading in the forex markets reflects a sense of indecision among investors. Dollar, which initially showed signs of recovery, faced an abrupt halt following unexpected decline in US PPI for December. British Pound, despite Read more…