Amazon’s earnings are on deck. Can the stock vault back into record terri…
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Canadian Dollar flattens ahead of key labor prints
The Canadian Dollar churned on Thursday, holding flat against the Greenback. PMI figures from Canada contracted sharply in January, limiting Loonie gains. Key US NFP and Canadian employment figures are due on Friday. The Canadian Dollar (CAD) spun in a tight circle on Thursday, churning chart paper near 1.4300 against the US Dollar (USD) as
Accumulative Swing Index (ASI): What Is It & How Does It Work?
2025.02.06 2025.02.06 Accumulative Swing Index (ASI) Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ The Accumulative Swing Index (ASI) is a technical analysis indicator that assists traders and investors in determining trend direction, spotting breakouts of support and resistance levels, and forecasting price changes. Developed by J. Welles Wilder Jr, the ASI aggregates price fluctuation data to provide a clear picture
Funds tap options on FX vol amid tariff disruptions
Funds tap options on FX vol amid tariff disruptions – FX Markets End of drawer navigation content Skip to main content Dealers say vanillas, digitals and knockouts on realised vol increasingly used to navigate Trump news flow Hedge funds are increasingly taking out complex options structures that speculate on pricing of foreign exchange volatility levels
Sterling Tumbles on BoE’s Dovish Rate Cut
The British Pound weakened significantly after BoE delivered a 25bps rate cut. The policy decision was more dovish than anticipated, primarily due to the unexpected shift in the MPC voting split. Catherine Mann, previously one of the most hawkish members of the committee, reversed course and joined Swati Dhingra in voting for a more aggressive
Australian dollar dips, services PMI beats estimate
The Australian dollar has snapped a three-day rally on Thursday. In the European session, AUD/USD is trading at 0.6266, down 0.27% on the day. After sliding to a 5-year low on Monday, the Aussie has recovered and gain 0.9% this week. Australia’s PMI stronger than expected It’s been a good week for Australian PMIs. On
USD/JPY Outlook: Hawkish BoJ Strenghtens Case for Another Hike
BoJ’s Naoki Tamura said on Thursday that the central bank should raise rates to 1%. The dollar remained fragile after a pause in some of Trump’s tariffs. Traders are looking forward to the US nonfarm payrolls report. The USD/JPY outlook indicates a surge in expectations for another BoJ rate hike this year after hawkish policymaker
Technical analysis for USCrude, XAUUSD, and EURUSD today (06 February 2025)
2025.02.06 2025.02.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.02.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Yesterday, gold continued
Switzerland January seasonally adjusted unemployment rate 2.7% vs 2.7% expected
Prior 2.6%; revised to 2.7% The Swiss jobless rate is seen steady last month, after a slight revision higher to the December reading. Overall, the trend points gradual softness in the labour market after a stronger period in the post-Covid recovery. This article was written by Justin Low at www.forexlive.com. Source link
Irish Services Growth Slowest In 9 Months
Ireland’s services sector expanded at the weakest pace in nine months in January amid slower rises in activity and new orders, data released by S&P Global showed on Thursday. The AIB Ireland Services Purchasing Managers’ Index fell to 53.4 in January from 57.1 in December. However, any reading above 50 indicates expansion. Among four sub-sectors,
Sterling Awaits BoE Guidance Amid Stagflation Concerns; Yen Leads FX Markets
Yen continues to dominate the forex market this week, additionally supported by further decline in US and European benchmark yields overnight. The persistent strength in Yen is being reinforced by hawkish rhetoric from a known hawkish BoJ board member, who reiterated calls for a gradual rate hike toward the 1% neutral level. While this stance
USD/INR jumps as RBI rate cut bets drag Indian Rupee lower to record low
The Indian Rupee extends its decline in Thursday’s early European session. Rising bets of RBI rate cuts and risk aversion continue to undermine the INR. The RBI interest rate decision and the US January employment report will be in the spotlight on Friday. The Indian Rupee (INR) extends its downside on Thursday. The local currency
Federal Reserve Board Governor Christopher Waller is speaking on Thursday
1930 GMT/1430 US Eastern time: Federal Reserve Board Governor Christopher Waller speaks on “Payments” event is “Navigating the Future of Payments with Christopher Waller” in Washington While we may not get anything on his economic or policy views, perhaps in a following Q&A, if any. This article was written by Eamonn Sheridan at www.forexlive.com. Source
Fed’s Jefferson: Happy to keep Fed Funds on hold at current rate
Federal Reserve Vice Chair Philip Jefferson said on Thursday that he is happy to keep the Fed Funds on hold at the current level, adding that he will wait to see the net effect of Trump policies. Key quotes Waits to see net effect of Trump policies. Examining overall impact of Trump administration on policy
Australia Has A$5.085 Billion Trade Surplus
Australia posted a seasonally adjusted merchandise trade surplus of A$5.085 billion in December, the Australian Bureau of Statistics said on Thursday. That was shy of expectations for A$6.560 billion and was down from the downwardly revised A$6.792 billion in November (originally A$7.079 billion) Exports were up 1.1 percent on month to A$44.027 billion, driven by
PBOC is expected to set the USD/CNY reference rate at 7.2535 – Reuters estimate
Earlier: ** People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan