<ul><li>Prior was -15.0</li></ul><p>This metric has slowly improved as the energy crisis faded and inflation began declining. However the euro is in a tough spot today, down 29 pips to 1.0852 as the US dollar climbs. The latest reading won't help.</p> This article was written by Adam Button at www.forexlive.
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Richmond Fed January composite index -15 vs -11 prior
<ul><li>Prior was -11</li><li>Services +4 vs 0 prior</li><li>Manufacturing shipments -15 vs -17 prior</li></ul><p>-15 is the lowest reading since the pandemic.</p> This article was written by Adam Button at www.forexlive.com.
Mixed open for the major indices. Dow lower. Modest gains for S&P and Nasdaq.
<p>The major US stock indices are opening with mixed results. The Dow Industrial Average is down as 3M disappoints with their guidance (-9.46%). The S&P is up modestly as is the NASDAQ index. Yesterday both the S&P and the Dow industrial average closed at record levels. </p><p>A snapshot of the market currently sho
Swiss National Bank President Jordan spoke Tuesday on the CHF, inflation and the economy
<p>ICYMI – Swiss National Bank President Thomas Jordan spoke on Tuesday, at an event in the Swiss town of Brig. </p><p>Jordan once again addressed the strong Swiss franc, saying it has helped to cap inflation:</p><ul><li>“The nominal appreciation of the franc has lowered inflation” </li><li> “Th
Australia January preliminary PMIs: Manufacturing 50.3 (prior 47.6) Services 47.9 (47.1)
<p>Preliminary S&P Global / Judo Bank flash PMIs from Australia for January 2024. </p><p>Manufacturing 50.3, an 11-month high</p><ul><li>prior was 47.8 in December</li></ul><p>Services 47.9, a 3-month high</p><ul><li>prior 47.1</li></ul><p>Composite 48
NZD/USD is jumping after a huge 5.9% non tradable inflation number in the Q4 data
<p>The headline inflation number for Q4 2023 is a welcome sight for the Reserve Bank of New Zealand:</p><ul><li><a href="https://www.forexlive.com/news/new-zealand-q4-cpi-05-qq-expected-05-and-47-yy-expected-47-20240123/" target="_blank" rel="follow" data-article-link="true">New
New Zealand Q4 CPI 0.5% q/q (expected 0.5%) and 4.7% y/y (expected 4.7%)
<p>New Zealand inflation data for the October – December quarter of 2023</p><p>Inflation in NZ is subsiding, a welcome relief for consumers and the Reserve Bank of New Zealand. </p><p>Its not all good news though, domestic inflation, measured by 'non-tradeables' has come in at a whopping 5.9% y/y</p&
Oil – private survey of inventory shows much larger headline draw than was expected
<p>This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.</p><p>Via oilprice.com on Twitter:</p><p>—</p><p>Expectations I had seen centred on:</p><ul><li>Headline crude -2.2mn barrels</li><li>Distillates +0.3 m
US military has struck Iran-backed militants in western Iraq
<p>US military has struck Iran-backed militants in western Iraq.</p><p>VoA report citing a US official.</p><ul><li>Strike in response to recent attacks against US forces in the Middle East</li></ul><p>More added, Secretary of Defense statement:</p><ul><li>"US military forc
Forexlive Americas FX news wrap: US dollar flexes its muscles
<ul><li><a href="https://www.forexlive.com/news/eurozone-january-consumer-confidence-161-vs-143-expected-20240123/">Eurozone January consumer confidence -16.1 vs -14.3 expected</a></li><li><a href="https://www.forexlive.com/news/richmond-fed-january-composite-index-15-vs-11-prior-20240123/"