Blogs

<p>The JPY is the strongest and the EUR is the weakest as the North American session begins. The USD is mostly but moderately lower. The greenback is only higher vs the EUR and GBP. Yesterday, the EURUSD moved higher on follow through buying after the FOMC rate decision. The ECB did not thrill to the […]

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/euro-dips-further-as-german-pmi-also-disappoints-20231215/">Euro dips further as German PMI also disappoints</a></li><li><a href="https://www.forexlive.com/news/germany-december-flash-manufacturing-pmi-431-vs-432-expect

<p>A more dovish Fed has been a tailwind for risk trades and even after some late profit-taking yesterday, it doesn't dull the shine from earlier in the week. European indices are maintaining a good mood today with the DAX and CAC 40 both having hit fresh record highs during the week and US indices are […]

<p>The euro area trade surplus widened slightly in October as exports grew by 0.6% while imports declined by 0.2% on the month, both on a seasonally adjusted basis. Comparing the year-to-date data, exports were seen down 0.2% while imports are down some 12.7% on an unadjusted basis compared to the January to October period last […]

<ul><li>Majority said there are risks to the upside on inflation</li><li>For most of us, core inflation is what we are looking at</li><li>Wouldn't say we are at terminal rate but the chance has increased</li></ul><p>They still want to leave the door open to further tightening but given prev

<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/news/fomc-decision-no-change-to-rates-2024-median-dot-46-vs-49-expected-20231213/">left interest rates unchanged</a> as expected with a shift in the statement that indicated the end of the tightening cycle. </li><li>The Summary of

<ul><li>Prior 50.9</li><li>Manufacturing PMI 46.4 vs 47.5 expected</li><li>Prior 47.2</li><li>Composite PMI 51.7 vs 50.9 expected</li><li>Prior 50.7</li></ul><p>This is a contrast to the euro area data from earlier, as the UK economy is seen picking up further towards the

<p>The trading hours for interbank foreign currency and foreign currency money market will be extended to 7 a.m. to 3 a.m. the following day. The previous trading hours were from 7 a.m. to 11:30 p.m. so that allows for an extra three-and-a-half fours of interbank trading. The change will go into effect from 18 December. […]

<ul><li>Prior 48.7</li><li>Manufacturing PMI 44.2 vs 44.6 expected</li><li>Prior 44.2</li><li>Composite PMI 47.0 vs 48.0 expected</li><li>Prior 47.6</li></ul><p>Overall business activity declined further in the euro area in December, reaffirming that the region is in rece

<p>EUR/USD is slipping further to 1.0950 levels from around 1.0970 earlier after the French PMI data, as the German PMI data <a href="https://www.forexlive.com/news/germany-december-flash-manufacturing-pmi-431-vs-432-expected-20231215/" target="_blank" rel="follow">here</a> confirms a recession in Eur