<ul><li>Services confidence 101</li><li>Prior 100</li><li>Industrial confidence 99</li><li>Prior 100; revised to 99</li></ul><p>The overall French business climate remains steady to start the new year, although employment conditions did ease further. The index for that dropped to 99
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Major currencies little changed to start the session
<p>The movements overall are light as dollar pairs are observing 0.1% or less change to start the session. USD/JPY did nudge to a high of 147.89 earlier but has retreated to around 147.60 levels currently. This comes as 10-year yields remain a bit of a drag, down 2.3 bps to 4.515% at the moment.</p><p>Besides that, […]
ECB policy decision the highlight of the agenda today
<p>The dollar is mildly higher to start the day after a more mixed showing in trading yesterday. A late surge higher in Treasury yields helped to see the greenback pare losses, and that is keeping traders on edge for now. Here are two key dollar pairs in focus at the moment:</p><ul><li><a href="https://www.forexlive.
It's been a choppy ride for USD/JPY this week
<p>BOJ governor Ueda's remarks were a driving factor for price action on Tuesday but the rest of it has been dictated by movements in the bond market. And that hasn't been too helpful for USD/JPY direction this week. Treasury yields have also chopped around and the action yesterday was a good example of that.</p><p>Yield
EUR/USD bounce yesterday not anything significant, eyes the ECB later today
<p>The dollar managed to pare a chunk of its losses late yesterday in US trading and that is seeing EUR/USD keep below 1.0900 still despite the bounce yesterday. The pair is trading little changed today as all eyes turn towards the ECB policy decision later. Here's the big picture look for the pair currently:</p><p>As you [&h
ForexLive Asia-Pacific FX news wrap: Chinese equities recover further
<ul><li><a href="https://www.forexlive.com/news/gdp-durable-good-orders-expected-from-the-us-thursday-25-january-2024-ranges-to-watch-20240125/">GDP & Durable goods orders expected from the US Thursday, 25 January 2024 – ranges to watch</a></li><li><a href="https://www.forexlive.co
GDP & Durable good orders expected from the US Thursday, 25 January 2024 – ranges to watch
<p>It's a big session ahead for data from the US with Jobless claims, Q4 GDP , Durable goods and more. </p><p>Data kicks off at 8.30am US Eastern time. </p><ul><li>For GDP y/y the consensus is for 2.0% growth with the range of expectations spanning 0.8 to 2.8%</li><li>Durable good consensus is 1.
Deutsche Bank sees a potential 10% fall for the US stock market
<p>Bloomberg (gated) with the info, views from Deutsche Bank global chief investment officer, Christian Nolting.</p><ul><li>sees a potential 5% to 10% correction in the US stocks, citing a slowing economy</li><li>US economy expected to grow by only 0.8% this year, a huge drop from 2.3% expected for 2023</li>
Forex Today: ECB Expected to Hold Rates at 4.50% – 25 January 2024
ECB Policy Meeting Today; Bank of Canada Ambiguous; US Stock Indices Reach Record Highs; Crude Oil Nears 1-Month High.
South Korea Q4 GDP +0.6% q/q (vs. +0.5% expected) and +2.2% y/y (expected +2.1%)
<p>South Korea's economy grew in the fourth quarter of 2023 at the same pace as the previous quarter:</p><ul><li> Q4 2023 GDP S/Adj +0.6% Q/Q (Reuters Poll +0.5%)</li><li>Q4 2023 GDP +2.2% Y/Y (Reuters Poll +2.1%)</li><li>Q4 Private Consumption S/Adj +0.2% Q/Q</li><li>Q4 Construction