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<p>In his words:</p><p>"I would say to everyone who is speculating on an imminent interest rate cut: Be careful, some people have already miscalculated that. We must initially remain at the current interest rate plateau so that monetary policy can fully develop its inflation-dampening effect."</p><p>But he di

<p>The drop in import prices for goods over the past year or so is the main thing to note amid the recovery in euro area current account back to normal levels this year. That owes to a drop in energy prices as compared to last year, which were skyrocketing due to the Russia-Ukraine conflict.</p> This […]

<p>The poll shows that price expectations rose to 19.7 in December, up from 18.1 in November last month. This continues an upturn since a temporary low of 14.5 points in August. Of note, restaurants in particular want to increase prices (87.6 points, up from 45.9 points last month) as they are likely to pass on […]

<ul><li>Eurostoxx +0.2%</li><li>Germany DAX +0.2%</li><li>France CAC 40 +0.3%</li><li>UK FTSE +1.4%</li><li>Spain IBEX +0.4%</li><li>Italy FTSE MIB +0.2%</li></ul><p>UK stocks are leading the charge, fueled by quicker rate cut bets for the BOE. US futures are

<p>And now markets have even moved to price in a ~50% probability for a rate cut in March 2024 as well. By June, there is a total of 55 bps worth of rate cuts now priced in by the OIS market. As for the entirety of next year, there is a total of ~137 bps […]

<p>The data <a href="https://www.forexlive.com/news/uk-november-cpi-39-vs-44-yy-expected-20231220/" target="_blank" rel="follow">here</a> sees GBP/USD fall from 1.2710 to 1.2675 currently, with the low touching 1.2655 just after the release. There were notable misses on both the headline and core annu

<ul><li>Prior -0.1%</li></ul><p>The main drop in producer prices is still related to a decline in energy prices. If you strip that out, overall producer prices only fell by 0.1% in November compared to the previous month.</p> This article was written by Justin Low at www.forexlive.com.

<ul><li>Prior +4.6%</li><li>Core CPI +5.1% vs +5.6% y/y expected</li><li>Prior +5.7%</li></ul><p>Despite pushback by the BOE, a clear miss on inflation data such as this one will continue to prove to markets that they are right to price in quicker rate cuts. The pound has fallen as a result, wit

<ul><li>Prior -27.8</li></ul><p>German consumer sentiment looks set to improve to start the new year but it is still in a rather dire spot overall. A jump in income expectations was a key contributing factor to the improved sentiment but there was also a bump higher in consumer willingness to buy and positive economic

<p>There are a couple of expiries to take note of on the day, as highlighted in bold.</p><p>The first being for EUR/USD at 1.1000, which should keep a lid on price action as it coincides with key resistance as of late around the figure level on the daily chart.</p><p>Then, there is the one for USD/JPY at […]