Forex Daily News

[ad_1] Australian inflation expectations projection to decelerate The Australian dollar has edged lower on Wednesday. AUD/USD is trading at 0.6419, down 0.20%. The Aussie is coming off a five-day rally, rising 120 basis points during that time. Australian inflation expectations expected to decline Australia will release MI inflation expectations on …

[ad_1] UK growth expected to rebound in August Fed members more dovish due to increase in US yields The British pound is calm on Wednesday. In the European session, GBP/USD is trading at 1.2297, up 0.10%. The UK economy has been struggling and GDP declined by 0.5% m/m in July. …

[ad_1] German inflation declines Fed to release minutes of September meeting The euro continues to have an uneventful week. In the European session, EUR/USD is trading at 1.0613, up 0.08%. German inflation falls to 4.5% German inflation was confirmed at 4.5% y/y in September, sharply lower than the August reading …

[ad_1] German inflation declines Fed to release minutes of September meeting The euro continues to have an uneventful week. In the European session, EUR/USD is trading at 1.0613, up 0.08%. German inflation falls to 4.5% German inflation was confirmed at 4.5% y/y in September, sharply lower than the August reading …

[ad_1] Counter trend rebound hit the 15,140 resistance. A bearish reversal candlestick was sighted at the close of yesterday’s US session which suggests that the recent two weeks of rally is unlikely the start of a new impulsive bullish move sequence. The recent pull-back seen in the US 10-year Treasury …

[ad_1] Australian consumer confidence rebounds, business confidence eases Fed members say higher bond yields could cool inflation The Australian dollar is unchanged on Tuesday, trading at 0.6412. Australian consumer confidence rebounds, business confidence ticks lower Australia’s Westpac consumer confidence index rebounded in October with a 2.9% gain to 82, up …

[ad_1] Fed pares back hawkish commentary Risk appetite improves for now US30 faces major tests of resistance Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed perhaps by some promising Fed commentary on Monday. It would appear the recent surge in bond yields hasn’t …

[ad_1] OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss the surprise attack on Israel over the weekend, geopolitical risk that may see an uptick, and its ramifications on higher oil prices due to a possibility of supply disruptions that are likely to revive the stagflation narrative, and …

[ad_1] The 4-week of decline from late August 2023 has reached a key inflection point where the CHF/JPY may kickstart another bullish impulsive up move within its major uptrend. Price actions of CHF/JPY have cleared above its prior downward sloping 20-day moving average last Friday, 6 October. Watch the key …

[ad_1] Canadian dollar continues to gain ground US, Canada post strong employment reports The Canadian dollar continues to show momentum after a strong jobs report on Friday. In the North American session, USD/CAD is trading at 1.3618, down 0.32%. Last week ended with better-than-expected job growth in both Canada and …

[ad_1] Australian consumer confidence expected to decline by 0.7% Australian business confidence projected to fall to -2 The Australian dollar lost ground earlier in the day but has pared these losses. In the North American session, AUD/USD is trading at 0.6381, down 0.05%. Australian confidence indicators expected to fall The …

[ad_1] Safe-havens rally as Israel-Hamas war rattles markets Italy 10-year premium over Germany rises towards a 9-month high EUR/JPY appears poised to exit 155-160 range Bond investors are closely watching the widening spread of both Italian bond spreads over the German and Spanish equivalent.  Surging interest rates have put a …

[ad_1] WSJ reports Iran helped plot attack over several weeks Safe-haven flows didn’t come to Treasuries as US bond markets were closed for Columbus Day Risk aversion across the board; S&P 500 -0.5%, Gold +1.1%, WTI crude +4.3%, and USD/JPY -0.5% US stocks dropped in the wake of the Hamas …

[ad_1] Geopolitical uncertainty boosts gold Driven lower recently by rising yields Fib levels may offer biggest test of resistance Gold is higher at the start of the week, buoyed perhaps by some safe-haven flows against the backdrop of geopolitical uncertainty. The dollar is also stronger which is typically a headwind …

[ad_1] UK100 outperforming buoyed by energy stocks Risk aversion weighing on broader markets Sideways trend remains in tact We’re seeing a little more risk-aversion in the markets at the start of the week which is understandable considering the unfortunate events in Israel over the weekend. The surprise attack by Hamas …

[ad_1] German Industrial Production declines for fourth straight month The euro has started the week with losses. In the European session, EUR/USD is trading at 1.0527, down 0.57%. Germany’s industrial production declines German industrial production declined in August by 0.2%, following a revised -0.6% reading in July and shy of …

[ad_1] In the recent past three months, the 40% rally seen in the WTI crude oil has a significant direct correlation with the US 10-year US Treasury yield. A higher US 10-year US Treasury yield has trigged a short-term downtrend in global equities since late July 2023. WTI crude oil …

[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] Canada’s economy added 63,800 jobs, in September more than tripled expectations Canadian wages rose 5.3% vs 5.1% eyed and a 5.2% prior BOC rate hike odds rise to 41.6% for the October 25th meeting North America had quite an impressive hiring spree in September.  Much of the attention went …

[ad_1] US This week will deliver a make-or-break moment for Fed rate hike expectations.  The main event will be the September inflation report.  Expectations are for both headline and core inflation to post 0.3% month-over-month gains in September, while headline year-over-year inflation will drop a tick to 3.6% and core’s …