Blogs

<p>There are just a couple to take note of for the day, as highlighted in bold.</p><p>The first being for EUR/USD at 1.0790, which could keep price action more contained before the expiries roll off later in the day. That would match up with the lack of trading appetite as market players are waiting on the […]

<ul><li>Eurostoxx +0.1%</li><li>Germany DAX +0.1%</li><li>France CAC 40 flat</li><li>UK FTSE +0.1%</li><li>Spain IBEX -0.1%</li><li>Italy FTSE MIB +0.2%</li></ul><p>Trading appetite should be rather sapped and subdued in European trading today, with market pla

<ul><li>It is inevitable GDP will be subdued while interest rates are doing their job to bring down inflation</li><li>The big reductions in business taxation mean the economy is now well placed to start growing again</li></ul><p>They still sound confident enough that higher price pressures will eventually p

<p>BofA says that the time is right for the Fed to “take the initial steps in changing its communication from a hawkish hold to dovish one”. In that lieu, they expect the central bank to keep rates unchanged until at least June 2024 before committing to rate cuts. As a whole for next year, BofA […]

<p>The poor October monthly GDP data <a href="https://www.forexlive.com/news/uk-october-monthly-gdp-03-vs-00-mm-expected-20231213/" target="_blank" rel="follow">here</a> is going to be fueling rate cut expectations by the BOE, especially when paired with the UK jobs report from yesterday <a href=&q

<ul><li>Prior +0.2%</li><li>GDP +0.3% vs +0.6% y/y expected</li><li>Prior +1.3%</li><li>Services output -0.2% vs 0.0% m/m expected</li><li>Prior +0.2%</li><li>Industrial output -0.8% vs -0.1% m/m expected</li><li>Prior 0.0%</li><li>Manufacturing output -

US inflation in November, which was released yesterday, ticked lower. The reading was within market expectations and the US dollar’s reaction was muted.

No Rate Change Expected at Fed Today, After Inflation Falls to 3.1%; NADAQ 100 Index, S&P 500 Make Near 2-Year Highs; Crude Oil Trading at 6-Month Low.

On Tuesday, the USD/JPY registered losses of 0.48% as a bearish harami candlestick chart pattern formed, suggesting the major is headed to extend its losses.

South Korea Unemployment Rate: 2.8% (November) vs 2.5%