Category Archives: Forex News

Stock heatmap by FinViz.com Tue, 31 Dec 2024 14:46:05 GMT Sector Overview: Winners and Losers in Focus The US stock market is presenting a mixed bag of performances today, where certain sectors and key players are standing out. 🚗 Consumer Cyclical: Tesla (TSLA) steals the spotlight with a significant rise of 1.89%. This surge highlights […]

The strength of the US dollar was the story of the year in the forex market once again in 2024 and it’s finishing strong today. The dollar slumped late in 2023 as the market saw rate cuts but they didn’t start until late in 2024 and now some analysts think they’re already done, while the […]

Clyde Russell at Reuters takes a look at a few scenarios for global markets in 2025 and how they will play out. It’s a good time to think through some different ideas, even if you disagree with some of the takes here. Not surprisingly, the list is dominated by the uncertainty of how Trump and […]

Xinhua with the info (via Reuters headlines): China’s President Xi and Russia’s Putin exchange New Year greetings Xi, to Putin: China and Russia always move forward hand in hand along the right path of non-alliance, non-confrontation, and not targeting any third party Xi, to Putin: China-Russia political mutual trust and strategic coordination are continuously marching […]

With only one day left to go, let’s take a look and what were the best and worst performers in each asset class during the year. Were there any standouts and/or surprises that might catch your eye? Here’s a look at the major currencies space with the dollar as a benchmark: GBP -1.4% CNY -2.8% […]

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]

The data from China’s National Bureau of Statistics (NBS) is here: In brief: Manufacturing PMI 50.1 slightly down from 50.3 in November third consecutive month of expansion fell short of the median forecast of 50.3 Non-Manufacturing PMI jumped to 52.2 from 50.0 in November the non-manufacturing PMI covers the services and construction sectors Composite PMI […]

December Manufacturing PMI drops from November and comes in not as strong as expected at 50.1 expected 50.3, prior 50.3 Non-Manufacturing PMI more than makes up for it, jumping well over November and the median estimate to 52.2 expected 50.2, prior 50.0 Composite 52.2 *** I posted earlier the background to these December results, over […]

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate […]

South Korean inflation data for December 2024 Headline CPI +1.9% y/y, the most rapid rise in 4 months but below the central bank’s 2% target expected +1.7%, prior +1.5% Headline CPI +0.4% m/m expected +0.2%, prior -0.3% Core +1.8% y/y For the year 2024 inflation came in at +2.3% y/y *** Overall, South Korea has […]