Forex Daily News

[ad_1] Japanese core CPI falls below 3% Fed’s Powell says inflation too high, economy too strong The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 149.96, up 0.12%. The yen has shown little movement this week and continues to hover just shy of …

[ad_1] Japanese core CPI falls below 3% Fed’s Powell says inflation too high, economy too strong The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 149.96, up 0.12%. The yen has shown little movement this week and continues to hover just shy of …

[ad_1] OANDA Senior Market Analyst Craig Erlam discusses the recent moves in gold amid risk-aversion in the markets. Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & …

[ad_1] Wall Street went on a mini rollercoaster ride during Fed Chair Powell’s speech.  Powell’s comments were mostly in-line with other officials and support the belief that policy might not be “too tight” and future rate hikes may be needed.  Powell’s comments support their higher for longer mantra, but fell …

[ad_1] Stocks earning driven rally supports risk assets USD softer against majority of trading partners Jobless Claims drop to lowest levels since January It’s dawning on Wall Street that despite a giant ‘wall of worry’, the Fed is probably going to have to resume raising rates.  Fed fund futures are …

[ad_1] US unemployment claims drop below 200K ECB’s Lagarde expresses concern over oil inflation The euro has bounced back on Thursday, erasing the losses from a day earlier. In the North American session, EUR/USD is trading at 1.0573, up 0.36%. The Middle East is back in the headlines as Israel …

[ad_1] US unemployment claims fall below 200K UK retail sales expected to improve to -0.1% The British pound is drifting on Thursday. In the North American session, GBP/USD is trading at 1.2142, almost unchanged. The UK inflation report on Wednesday was a stark reminder that inflation remains stubborn and sticky. …

[ad_1] The Australian dollar has extended its losses on Thursday. In the North American session, AUD/USD is trading at 0.6312, down 0.37%. Australia’s labour market had a disappointing September, with only 6,700 jobs created. This was well below the August reading of a revised 63,300 and missed the consensus estimate …

[ad_1] Rising geopolitical risk premium may override the historical positive seasonality in the S&P 500 for the months of October and November. The US 10-year Treasury yield is now just a stone-throw away from 5.20% and a break above it may spiral towards 6.87% next. S&P 500’s market breadth has …

[ad_1] The GBP is the second weakest currency among the major US dollar pairs in the past five days. A potential bearish reversal set-up has emerged for GBP/JPY while the JPY bears seem to be cautious about Japan’s MoF intervention at around the 150.30 risk level on USD/JPY. Watch the …

[ad_1] With more than 20 years’ trading experience, Ed Moya is a senior market analyst with OANDA, producing up-to-the-minute intermarket analysis, coverage of geopolitical events, central bank policies and market reaction to corporate news. His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income, …

[ad_1] Two-year Treasury rises 0.7bps to 5.216%, 10-year higher by 7.2bps to 4.906%,  and the 30-year gains 7.0bps to 4.995% Beige book sees US outlook as stable or slightly weaker Treasury market unraveled by growth in supply; today’s auction saw surprisingly better demand The dollar is holding onto most of …

[ad_1] Headline UK CPI inflation held steady at 6.7% vs 6.6% eyed; BOE rate hike odds rise to 60% for a quarter-point increase by the Feb 1st meeting Fed’s Williams said interest rates will have to stay at restrictive levels “for some time” to bring inflation back down to the …

[ad_1] Eurozone CPI confirmed at 4.3% Markets eye Fedspeak, with four FOMC members speaking today The euro is considerably lower on Wednesday. In the European session, EUR/USD is trading at 1.0525, down 0.48%. Eurozone inflation falls to 4.3% The inflation rate in the eurozone for September was confirmed at 4.3% …

[ad_1] Eurozone CPI confirmed at 4.3% Markets eye Fedspeak, with four FOMC members speaking today The euro is considerably lower on Wednesday. In the European session, EUR/USD is trading at 1.0525, down 0.48%. Eurozone inflation falls to 4.3% The inflation rate in the eurozone for September was confirmed at 4.3% …

[ad_1] China’s GDP beats expectations at 4.9% Australian job growth expected to fall The Australian dollar started the day higher but has reversed directions. In the North American session, AUD/USD is trading at 0.6357, down 0.13%. The US dollar has steamrolled the Aussie, which hasn’t posted a winning week since …

[ad_1] China’s GDP beats expectations at 4.9% Australian job growth expected to fall The Australian dollar started the day higher but has reversed directions. In the North American session, AUD/USD is trading at 0.6357, down 0.13%. The US dollar has steamrolled the Aussie, which hasn’t posted a winning week since …

[ad_1] UK CPI unchanged, core CPI ticks lower US retail sales hotter than expected The British pound is showing limited movement on Wednesday. In the European session, GBP/USD is trading at 1.2194, down 0.09%. UK CPI unchanged, core CPI ticks lower Today’s UK inflation report showed little change from a …

[ad_1] China’s Q3 GDP, Retail Sales, and Industrial Production for September beat expectations. China’s Country Garden is still at risk of an imminent default as its grace period of overdue bond coupon payments of US$15.4 million expires today. The FX market is ignoring the default risk of Country Garden as …

[ad_1] Republican Jim Jordan does not have enough votes to be elected House speaker in the first round of floor voting. Risk aversion was the early trade as hot data fueled Fed rate hike bets Investors await key Chinese data that could alleviate global growth concerns USD/CHF been a tough …

[ad_1] JPMorgan expects EUR/USD to test parity, down from prior 1.05 target Citibank is eyeing a move to parity within six months ING head of research sees euro-dollar parity as possible Rabobank, Nomura, and RBC are eyeing a euro decline to 1.02 by end of year Both the US dollar …

[ad_1] GBP/USD down over half a percent US retail sales higher than expected UK inflation projected to decline on Wednesday The British pound has declined 0.56% against the US dollar on Wednesday, wiping out yesterday’s gains. In the North American session, GBP/USD is trading at 1.2158, down 0.48%. The pound’s …

[ad_1] Canadian inflation expected to remain unchanged US retail sales projected to ease The Canadian dollar is trading quietly in the European session. USD/CAD is trading at 1.3635, up 0.18%. We could see stronger movement in the North American session, with the release of Canada’s inflation report and US retail …

[ad_1] RBA releases minutes Investors eye Israel-Hamas war The Australian dollar has extended its gains on Tuesday. AUD/USD is trading at 0.6353 in Europe, up 0.18%. It has been a rough patch for the Australian dollar lately. The Aussie hasn’t managed a winning week since September and dropped close to …

[ad_1] OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss several key highlights for the week ahead, potential firmer gold and oil prices due to lingering geopolitical risk premium, key China economic data (Q3 GDP, Retail Sales & Industrial Production) as well as UK’s inflation data for September …

[ad_1] The Kiwi dollar (NZD) has been the worst performer among the US dollar major pairs in the past five days. A further slowdown in New Zealand’s Q3 CPI (5.6% y/y versus 6% y/y in Q2) reinforces RBNZ’s current stance of maintaining its key policy official cash rate unchanged at …