Blogs

The GBP/USD climbed during the mid-North American session on Wednesday after economic data suggested the UK’s economy remains solid after a release of strong PMI figures.

United States 5-Year Note Auction climbed from previous 3.801% to 4.055%

The Mexican Peso regains its momentum on Wednesday, rising against the US Dollar after economic data from Mexico suggests inflation is reaccelerating.

'Much better-than-expected Netflix subscriber numbers and US private sector activity growth pushed the S&P 500 and Nasdaq 100 to new record highs', says Axel Rudolph, Senior Market Analyst at online trading platform IG.

Tiff Macklem, Governor of the Bank of Canada (BoC), and Senior Deputy Governor Carolyn Rogers explain the BoC decision to leave the interest rate unchanged at 5% after the January policy meeting and respond to questions from the press.

In Wednesday's session, the EUR/GBP pair was trading at 0.8549, reflecting a mild losses but recovered after hitting a low of 0.8535 earlier in the session, it lowest level since September.

Russia Producer Price Index (MoM): -3.1% (December) vs previous -0.1%

Russia Producer Price Index (YoY) declined to 19.2% in December from previous 21.9%

The US Bureau of Economic Analysis will release its first estimate of the fourth quarter (Q4) of 2023 Gross Domestic Product (GDP) on Thursday, January 25 at 13:30 GMT as we get closer to the release time, here are forecasts from economists and researchers of 10 major banks regarding the upcoming growth data.

The Bank of Canada stayed the course and held the overnight rate at 5.00%.