<ul><li>Eurostoxx +0.5%</li><li>Germany DAX +0.3%</li><li>France CAC 40 +0.5%</li><li>UK FTSE +0.9%</li><li>Spain IBEX +0.6%</li><li>Italy FTSE MIB +1.3%</li></ul><p>After a more sluggish showing yesterday, equities are back on the bounce now in Europe. A late
Blogs
Deutsche says expects US economy to avert a mild recession this year
<p>If traders are not also viewing things similarly, there wouldn't be <a href="https://www.forexlive.com/news/are-traders-finally-getting-on-board-with-the-central-bank-pushback-20240206/" target="_blank" rel="follow">a pullback in rate cuts pricing</a> over the last month or so.</p> This
Germany December industrial orders +8.9% vs 0.0% m/m expected
<ul><li>Prior +0.3%; revised to 0.0%</li></ul><p>The volatile stretch in this series looks to be continuing and I'll get to the details for this one in a bit. As a whole in 2023 though, industrial orders were seen down by 5.9% compared to the year before. As for the sharp increase in December, it owes much to [&he
GBPUSD Technical Analysis – We finally broke out of the range
<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/centralbank/federal-reserve-leaves-rates-unchanged-at-525-550-20240131/">left interest rates unchanged</a> as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.</li><li&
FX option expiries for 6 February 10am New York cut
<p>There aren't any major expiries to take note of for the day. As such, trading sentiment will continue to revolve around the action in the bond market and risk mood mostly. For now, it seems like <a href="https://www.forexlive.com/news/dollar-takes-a-step-back-ahead-of-european-trading-today-20240206/" target="_blank&
Dollar takes a step back ahead of European trading today
<p>The dollar and Treasury yields surged higher after the stronger ISM non-manufacturing report yesterday <a href="https://www.forexlive.com/news/ism-nonmanufacturing-pmi-for-january-534-versus-520-estimate-20240205/" target="_blank" rel="follow">here</a>. The fact that traders are also considering to
Chinese stocks rebound strongly today but we've seen this story before
<p>Both the CSI 300 and Shanghai Composite indices are up by over 3% on the day now as Chinese authorities are stepping in to intervene in the market again. The yuan currency itself also seeing a notable rebound with USD/CNH in particular falling back to near 7.20 after having traded close to 7.22 earlier in […]
Japan PM Kishida reiterates that specific monetary policy decisions are up to the BOJ
<ul><li>Government is taking steps to achieve stable wage growth, accompanied by moderate inflation</li><li>This is to end deflation and to create a positive economic cycle</li><li>Hopes that BOJ takes that into account in making monetary policy decisions</li></ul><p>It is clear that they are bo
Australian Central Bank Holds Cash Rate at 4.35%, Australian Dollar Edges Higher – 06 February 2024
In its first decision of 2024, the Reserve Bank of Australia (RBA) maintained the cash rate at 4.35% following the latest meeting of the Bank’s Board.
Forex Today: RBA Warns on Rate Hike, Inflation – 06 February 2024
RBA Leaves Rates Unchanged, Says Inflation Remains High; US Treasury Yields Rise; US Stock Markets Bullish Near Record Highs.