Category Archives: Forex News

Fundamental Overview The USD got a boost yesterday 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 but traders no longer fully price in the next […]

Fundamental Overview Gold remains confined in a range as the market continues to wait for the US NFP and CPI reports. Yesterday it seemed like we could get a break above the 2660 resistance but eventually the price got smacked back down following the hot US Job Openings and ISM Services PMI. The market’s pricing […]

In the European session we only have the Eurozone PPI data which isn’t a market moving release in general. The main events will be in the American session as we have Fed’s Waller speaking, the US ADP data release and later in the day the FOMC Meeting Minutes. 13:00 GMT/08:00 ET – Fed’s Waller (neutral […]

There is arguably just one to take note of on the day, as highlighted in bold. That being for EUR/GBP at the 0.8300 level. That is likely to keep price action in the pair more locked in around the figure level before the expiries roll off later in the day. For more information on how […]

The Czech National Bank, is the central bank and financial market supervisor in the Czech Republic. Governor Aleš Michl is reported as having considered Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves, Via CNN Prima News interview: said he was considering acquiring “a few Bitcoin” for diversification, which wouldn’t count as […]

The monthly CPI data is not the critical piece of information, that is the quarterly data due on January 29. Still, though, there is encouragement from the November data, with the core rate having a chunk taken out of it: In addition to the CPI data were job vacancy data: +14K in the 3 months […]

New Zealand data – the ANZ World Commodity Price Index For December 2024 +0.2% m/m vs. +2.9% in November: NZD eased 1.6% in December, pushing up the NZD Trade Weighted Index by 3.6% m/m The y/y +15%. ** As part of the report is ANZ’s look at chipping costs: Global shipping prices were mixed in […]

Markets Summary The financial markets experienced a mixed day with significant moves across commodities, currencies, and equities. Here’s an overview: Commodities: WTI Crude Oil rose $0.81 (+1.09%) to settle at $74.18, supported by steady demand signals. Gold gained $13.76 (+0.52%) to close at $2,649.69, reflecting safe-haven buying amid market volatility. Silver edged up $0.08 (+0.29%) […]

Trump today again talked about the US taking over Greenland and also said he wouldn’t rule out force to do it. “This is a deal that must happen,” Trump earlier wrote on Truth Social. Last month he also said “ownership and control of Greenland is an absolute necessity”. The Danish PM said Greenland is ‘not […]

AI image Nomura expects the FOMC minutes from December to highlight divisions within the Committee on the rate cut decision and 2025 policy outlook, alongside detailed discussions on fiscal policy impacts, neutral rate assumptions, and inflation risks. Key Points: Conclusion: Nomura anticipates the December FOMC minutes will underscore internal divisions, fiscal policy considerations, and evolving […]