Category Archives: Forex News

Gold (XAU/USD) daily chart The precious metal is keeping a solid bounce off its 100-day moving average (red line) to start the new year, now trading up to $2,680 this week. A test of the $2,700 level beckons, before potentially revisiting the end-November and December highs around $2,725-26 next. A major positive for gold to […]

Why it’s important? The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on […]

The European session is basically empty on the data front today. The focus is on the US NFP report as it’s going to be a market moving release, although the US CPI next week should have a bigger influence on the interest rate expectations given that the Fed is placing a great deal on further […]

On Sunday evening (January 12, 2025) US Eastern time at 2215, ECB board member Philip Lane will speak as part of a “policy dialogue” at the Asian Financial Forum (AFF) 2025, being held in Hong Kong. With monetary policy expected to turn more accommodative globally, policymakers may find themselves at a unique juncture to implement […]

China’s SCIO will hold a press conference on Tuesday, January 14 to discuss the country’s high-quality economic development. event will feature PBOC’s Xuan Changneng (Defuty Governor) and SAFE’s Li Bin (Deputy chief) will address financial support for economic development Scheduled for 1500 China time: 0700 GMT 0200 US Eastern time That alphabet soup: SCIO = […]

The December 2024 employment report is due from the US on Friday, January 10, 2025 at 0830 US Eastern time, 1330 GMT. Taking a look at the range of expectations compared to the median consensus (the ‘expected’ in the screenshot above) for the key data points: Data results that fall outside of market low and […]

Politico have a good info piece up if you are interested: Donald Trump’s gambit to buy Greenland may sound ridiculous, but it’s not impossible. Its worth checking out in full, there are some interesting precedents and nuances. But, if you prefer, in summary: Buy Greenland: Trump could attempt to purchase Greenland if it declares independence […]

Closing changes for the day: Stoxx 600 +0.4% German DAX flat France CAC +0.5% UK FTSE 100 +0.8% Spain IBEX +0.9% Italy’s FTSE MIB +0.6% It’s been a good week in Europe despite the turmoil in the US. This article was written by Adam Button at www.forexlive.com. Source link

Current outlook calls for gradual, patient approach to rate cuts. Supported December Fed rate cut but was a close call. Fed not on preset path, policy well-positioned. Current outlook in line with Fed December forecasts. Economy in a ‘good place overall’ with notable uncertainties. Too soon to say what impact election will have on economy. […]

Fundamental Overview The USD got a boost recently from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest level since 2023. The market’s pricing didn’t change much though and Fed’s Waller yesterday kept the rate cuts […]