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<p>A more dovish Fed and less dovish ECB are the major drivers for EUR/USD this week, with the pair accelerating gains since Wednesday from 1.0800 to 1.1000 overnight. The latter figure level is holding back the upside momentum for now, after having acted as a key resistance in limiting gains at the end of November […]

<p>The dollar is little changed on the day amid varying ranges among major currencies, with the Japanese yen continuing to see larger movements overall. USD/JPY is back to flattish levels to 141.85 but is off its earlier high of 142.46 in early Asia trading. The greenback is also consolidating losses so far this week across […]

<p>That fits with market expectations, with 37 bps worth of rate cuts priced in for April following the ECB meeting yesterday. It is slightly less than the near 50 bps that we got before the meeting, as the Lagarde &amp; co. offered some light pushback to markets. The odds of a March rate cut priced […]

<ul><li><a href="https://www.forexlive.com/centralbank/goldman-sachs-is-forecasting-an-initial-rate-cut-from-the-bank-of-england-in-june-2024-20231215/">Goldman Sachs is forecasting an initial rate cut from the Bank of England in June 2024</a></li><li><a href="https://www.forexlive.com/centralba

<p>Reuters with this.Citing sources on what took place at the annual Central Economic Work Conference behind closed doors on Monday and Tuesday this week.</p><ul><li>China to run a budget deficit of 3% of gross domestic product in 2024, other fiscal support may be covered by off-budget debt </li><li>that 3% defic

<p>A spokesperson for China's National Bureau of Statistics (NBS) after the data release earlier:</p><ul><li>China's full-year development targets are expected to be achieved. </li><li>Persistently recovery demand is helpful for the improvement in consumer prices. </li><li>China will not see

<p>China's economic 'activity' data for November 2023</p><p>China's industrial output +6.6% y/y in November year-on-year, better than in October and ahead of the central estimate of +5.6%</p><p>Retail sales was a miss, up at + 10.1% in November, with a +12.5% the median estimate, but up from +7.6% i

<p>House prices in China continue to fall:</p><p> -0.3% m/m</p><ul><li>prior -0.3%</li></ul><p>-0.2% y/y</p><ul><li>prior -0.1%</li></ul><p>***</p><p>China's property sector has been weighed down by monumental debts. Hosue prices not showing s

<p>Yellen speaking at the US-China Business Council</p><p><a href="https://www.youtube.com/watch?v=-F_y_2-dgHA&amp;ab_channel=US-ChinaBusinessCouncil" target="_blank" rel="nofollow">Live link here</a></p> This article was written by Eamonn Sheridan at www.forexlive.com.

<p>Japan Jibun Bank / S&amp;P Global PMIs for December, the flash readings:</p><p>Manufacturing 47.7, contraction for the seventh straight month and at its lowest in 10 months</p><ul><li>prior 48.3</li></ul><p>Services 52.0, on the other hand, best reading in 3 months</p><ul><