Industrial production in the U.S. increased by much more than expected in the month of December, according to a report released by the Federal Reserve on Friday. The Fed said industrial production jumped by 0.9 percent in December after rising by a revised 0.2 percent in November. Economists had expected industrial production to climb by
Sharp selloff in commodity currencies against Dollar is dominating market action as the US session unfolds. While broader trading remains subdued, the sudden weakness in these currencies appears tied to trader caution ahead of President-elect Donald Trump’s inauguration on Monday. Concerns over tariff policies could be the main driver of the moves, in the absence
Investing.com – Donald Trump’s inauguration is right around the corner, and UBS has advised its clients to go long the pair to hedge policy risks before the big day. In a light data week, Trump’s inauguration will take center stage next week, according to analysts at UBS, in a note dated Jan. 16. “While we
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2025.01.17 2025.01.17 XAU/USD: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 2576.36 with a target of 2880.00 – 2976.66. A buy signal: the price holds above 2576.36. Stop Loss: below 2570.00, Take Profit:
The Australian dollar has edged lower on Friday. In the European session, AUD/USD is trading at 0.6198, down 0.22% at the time of writing. Will strong China numbers boost the Aussie? There was good news out of China on Friday, highlighted by GDP which was stronger than expected. The economy expanded by 5.4% y/y in
Every day, thousands of bilateral trades in cash and derivative instruments are arranged via Bloomberg instant messages on the tech firm’s ubiquitous terminals, with parties sending out requests for quotes (RFQs), haggling over prices, and exchanging market colour. However, the process is often cumbersome, requiring salespeople to manually cut and paste information between chat windows.
Bank of America (BofA) analysts highlighted a shift in market sentiment, identifying long U.S. dollar positions as the most crowded trade, and now a significant headwind for the currency. This perspective aligns with BofA’s recent reports on the U.S. dollar, emphasizing the stark contrast between current market positions and historical trends. The analysts’ findings indicate
2025.01.17 2025.01.17 USD/CHF: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.9201 with a target of 0.8724 – 0.8386. A sell signal: the price holds below 0.9201. Stop Loss: above 0.9245, Take Profit:
The main event in the European session was the release of the UK Retail Sales data which missed expectations across the board by a big margin. The GBP is currently under pressure as a result. We will also have the Eurozone CPI report but it’s the final reading, so it’s unlikely to be market moving.
The Australian Dollar appreciates after the release of economic figures from China. China’s GDP grew 5.4% YoY in Q4 of 2024 after reporting a 4.6% expansion in Q3. US Retail Sales increased by 0.4% MoM in December, against the expected 0.6% growth. The Australian Dollar (AUD) edges higher against the US Dollar (USD) following the
(Corrects the size of a possible BOJ rate increase in paragraph 2 to 25 basis points, not 50 basis points) By Laura Matthews NEW YORK (Reuters) -The U.S. dollar weakened against the yen on Thursday, as softer-than-expected U.S. economic data and growing confidence for a Bank of Japan interest-rate hike sent it tumbling to a
THe USDCHF felll sharply after yesterday’s US CPI and in the process fell below its 200 hour moving average (green line on the chart below currently at 0.9119). However, the momentum could not be sustained, and a snapback rally ensued with the price moving back to and through the 200-hour moving average and up to
The Australian dollar is showing little movement on Thursday, after a three-day rally in which the Aussie rose 1.3%. In the North American session, AUD/USD is trading at 0.6218, down 0.12% at the time of writing. Australia adds 56.3 thousand jobs Australia’s labor market continues to hum and has been a bright light in an
South Korea’s FX reforms working amid political crisis, dealers say – FX Markets End of drawer navigation content Skip to main content Martial law presented first test for reforms aimed at boosting deliverable KRW market Foreign exchange activity in the wake of South Korea’s political crisis indicates recent reforms aimed at bringing more Korean won
