Blogs

<p>There is just one to take note of for the day, as highlighted in bold.</p><p>That being for AUD/USD at the 0.6545 level, which may keep price action more sticky in and around that before rolling off. That being said, the key technical level to watch will be the 200-day moving average at 0.6575 and that […]

<ul><li>Eurostoxx -0.2%</li><li>Germany DAX -0.2%</li><li>France CAC 40 -0.2%</li><li>UK FTSE -0.3%</li><li>Spain IBEX -0.3%</li><li>Italy FTSE MIB -0.1%</li></ul><p>It's a bit more of a tepid and pensive mood, following the losses in US stocks yesterday.

<p>The greenback is down on the day now but it seems to owe much to a surge in the yen, with other major currencies also trading to their lowest points today against the Japanese currency. USD/JPY is now down over 1% to 145.50 levels as sellers are targeting the 150.00 mark next:</p><p>Elsewhere, GBP/USD is up […]

<ul><li>Prior -€8.9 billion</li></ul><p>The trade deficit narrowed slightly only in October as exports increased by 1.2% while imports increased by 0.6% on the month.</p> This article was written by Justin Low at www.forexlive.com.

<ul><li>Prior +1.1%</li></ul><p>UK house prices rose for a second month in a row, with the average house price now sitting at £283,615. This reaffirms that property prices have held up much better than expected despite higher interest rates, with the annual change in house prices only being -1.0% and still some £40,000

<ul><li>Prior -1.4%; revised to -1.3%</li></ul><p>German factory output declined once more with a notable miss on estimates, owing mostly to the performance of the “manufacture of machinery and equipment” sector. Output was down by 6.3% on the month in itself there but there were also declines in many other sectors, in

<ul><li>Prior 2.1%</li></ul><p>The Swiss jobless rate keeps steady on the month as labour market conditions continue to hold up well for now. For some context, the unemployment rate at this time last year was 2.0%.</p> This article was written by Justin Low at www.forexlive.com.

<p>It's a mixed call though, with roughly 48% of respondents predicting the first rate cut to come in Q3 (although this number is up from 38% in the November poll). Meanwhile, around 30% (or 20/68 economists) are penciling in the first rate cut to come in Q2 next year. The year-end rate forecast is seen […]

<p>The pair is now down 0.7% to 146.30 and is closing in on the lows for the week as seen on Monday around 146.23 at the time. This comes after Ueda's comments from earlier today, adding to his meeting with Japan prime minister Kishida in the last hour.</p><p>The two met to discuss the economy and […]

<p>Ueda adds that there was no specific discussion on forex with Kishida, adding that the prime minister did not request any special demands either. Even if there was, he wouldn't really be at liberty to tell us now. No?</p><p>In any case, Ueda confirms that his monetary policy explanation to Kishida included the wage hike ou