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, […]
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
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
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
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 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
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
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Wednesday that it is difficult for central banks to generally estimate the fallout of things like tariffs, and could complicate the Fed’s ability to accomplish its task of bringing inflation down to 2%. Key highlights If inflation rises or progress stalls, US central bank
Join OANDA Market Analyst Kenny Fisher & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions
Stock heatmap by FinViz.com Wed, 05 Feb 2025 14:46:09 GMT Tech sector tumbles: Nvidia shines as Google slides In today’s dynamic trading environment, the U.S. stock market experienced contrasting movements, with significant fluctuations observed across various sectors. The tech sector, in particular, is under the spotlight, revealing some fascinating trends and insights for investors. 📉
Dollar remains on the backfoot in early US session, despite the strong ADP private employment report. The data highlights continued resilience in the labor market, with services-driven job growth and sustained wage pressures. While this should theoretically reinforce the case for Fed to maintain its pause in easing for longer, traders appear reluctant to react
2025.02.05 2025.02.05 (DASH) Dash Price Prediction for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Dash (DSH) is a prominent cryptocurrency that has garnered the attention of investors due to its high transaction speed and privacy features. Since its inception in 2014, Dash has undergone several substantial upgrades. Despite its inherent price volatility, the cryptocurrency maintains
USD/CAD falls sharply below 1.4300 as the Canadian Dollar continues to advance on US President Trump’s decision to postpone tariffs on Canada. BofA expects US tariff threats to China will continue to persist until a new USMCA deal gets negotiated. Investors await the US ISM Services PMI and the ADP Employment data for December. The USD/CAD
5-year and 10-year US breakeven inflation rates have just staged a major bullish breakout from a two-year plus of basing formation. Trade War 2.0 involves the US and other major trading partners that may disrupt international trade and dampen global economic growth. The resurgence of stagflation risk has triggered bullish movements on Gold (XAU/USD). Watch
Data revealed solid wage growth in Japan in December. Market participants are pricing 30-bps of BoJ rate hikes by the end of this year. The yen strengthened due to safe-haven demand amid fears of a trade war between the US and China. The USD/JPY price analysis shows a strong yen with rising expectations for Bank
