<ul><li>CPI y/y +3.4% versus 3.2% expected</li><li><a href="https://www.forexlive.com/news/us-november-core-cpi-40-yy-versus-40-yy-expected-20231212/" target="_blank" rel="follow">Prior </a>y/y 3.1%</li><li>CPI m/m +0.3% versus +0.2% expected </li><li>Prior m/
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Goldman Sachs anticipates Federal Reserve tapering announcement in May '24
<p>Goldman Sachs is expecting a tapering announcement from the Federal Open Market Committee (FOMC) at the May meeting (April 30 – May 1 meeting).</p><p>we expect the FOMC to announce that it will slow the pace of runoff at its May meeting and begin tapering soon thereafter</p><p>we continue to expect runoff to s
People's Bank of China rate cut coming up on Monday? Preview.
<p>The PBOC will set the Medium-term Lending Facility (MLF) rate on Monday, 15 December. The interest rate on the MLF loans currently stands at 2.5%. It was last cut in August 2023, from 2.65%.</p><p>The MLF rate is a benchmark interest rate that banks in China can use to borrow funds from the People's Bank of […]
Concerns about protracted economic weakness in the euro zone
<p>S&P Global analysts have expressed concerns about protracted economic weakness in the euro zone, not just concern on the eurozone but into other parts of Europe (mainly central Europe). </p><p>S&P highlight:</p><ul><li> "One of the key risks which we see is what could be a more protracted
Forexlive Americas FX news wrap 11 Jan: CPI higher but gains in dollar and yields reverse.
<ul><li><a href="https://www.forexlive.com/news/eyes-on-the-fomc-speakers-schedule-as-we-count-down-to-the-blackout-20240111/">Eyes on the FOMC speakers' schedule as we count down to the blackout</a></li><li><a href="https://www.forexlive.com/centralbank/feds-goolsbee-december-services-infl
December US CPI – Barclays analysts didn't say "I told you so" but they should have
<p>Barclays said prior to the US inflation data released on Thursday that:</p><ul><li><a href="https://www.forexlive.com/centralbank/barclays-view-market-expectations-for-fed-rate-cuts-as-too-aggressive-20240111/" target="_blank" rel="follow">market expectations for Fed rate cuts are too a
It was a ride in the equity market today but it ended where it began
<p>US equities initially rose, then fell hard, then slowly recovered to unchanged. They were helped out by a curiously-strong drop in US short-dated Treasury yields in what could have been a move ahead of airstrikes in Yemen.</p><p>On the day:</p><ul><li>S&P 500 -0.1%</li><li>Nasdaq Comp flat&
Economic calendar in Asia 12 January 2024 – Chinese inflation data (and more) incoming
<p>It's a packed data agenda ahead, with the most interest lasered in on Chinese inflation data. Will deflation continue?</p><p>Inflation is not currently an issue in China, deflation is. The explanation offered up for negative inflation rates are the declines in food and energy prices, which had spiked. This explanation seem
Trade ideas thread – Friday, 12 January, insightful charts, technical analysis, ideas
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.
Bombs set to fly in Yemen tonight – report
<p>From Steven Swinford Political Editor from The Times:</p><blockquote>Britain expected to join US in carrying airstrikes on Houthi military positions in Yemen **tonight** </blockquote><blockquote>Rishi Sunak briefed Cabinet on imminent military intervention this evening </blockquote><blockquote>Sir Keir S