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08-04-2024 13:00 GMT
by Kenneth Fisher
Forex: all news & analysis
Explore our comprehensive Forex Archive, an essential resource that provides expert insights on price movements, trends, and the currency market. By analysing past price actions and key events, you can uncover vital market dynamics and elevate your understanding of effective trading strategies. Whether you're focusing on major currency pairs or emerging markets, our archive is packed with information to help you sharpen your trading decisions.
US Consumer Price Index - CPI
The US Consumer Price Index CPI Y/Y overall trend has been steadily declining after reaching its peak of 9.06% in June 2022. A drop in all CPI components, including Energy, Food, and Durable Goods Prices, mainly drove the decline.
08-04-2024 11:58 GMT
by Moheb Hanna
The euro is calm at the start of the trading week. In the North American session, EUR/USD is trading at 1.0830, down 0.07%.
German industrial production rises 2.1%
Is the German economy coming out of a downswing?
08-04-2024 09:01 GMT
by Kenneth Fisher
The Canadian dollar is showing limited movement on Monday. In the European session, USD/CAD is trading at 1.3598, up 0.06%.
Canada and the US both released March employment reports on Friday, with Canada posting a weak reading while US nonfarm payrolls blew past expectations.
08-04-2024 06:12 GMT
by Kenneth Fisher
Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates.
Recent rise in inflationary expectations coupled with recent “less dovish” Fed Speak from Fed officials Kashkari, and Bostic has revived the “higher for longer” interest rates environment.
Higher commodities prices led by oil may see an uptick in US CPI data.
08-04-2024 04:13 GMT
by Kelvin Wong
The Japanese yen showed a bit of strength earlier but has pared these gains. In the European session, USD/JPY is trading at 151.41, up 0.04%
All eyes on US nonfarm payrolls
The markets are bracing for a sharp drop in US nonfarm payrolls for March.
05-04-2024 06:41 GMT
by Kenneth Fisher
The Canadian dollar is slightly lower on Friday. In the European session, USD/CAD is trading at 1.3559, up 0.12%.
Canada and the US will both release employment data later today, which could mean some volatility from USD/CAD in the North American session.
Employment in Canada is expected to drop to 25,000 in March, a significant decline from the February gain of 40,700.
05-04-2024 05:39 GMT
by Kenneth Fisher
The Australian dollar continues to power ahead and has posted strong gains for a third straight day. In the North American session, AUD/USD is trading at 0.6614, up 0.75%.
Australian Services PMI shows faster expansion
The driver behind the Aussie’s sharp gains today was the Services PMI report, which improved to 54.4 in March.
04-04-2024 10:31 GMT
by Kenneth Fisher
The Swiss franc is lower on Thursday. Early in the North American session, USD/CHF is trading at 0.9050, up 0.24%.
04-04-2024 09:26 GMT
by Kenneth Fisher
The euro is on a bit of a roll and has pushed slightly higher on Thursday. In the European session, EUR/USD is trading at 1.0857, up 0.19%.
04-04-2024 04:50 GMT
by Kenneth Fisher
The Japanese yen is steady on Wednesday. In the North American session, USD/JPY is trading at 151.60 up 0.02%.
03-04-2024 12:33 GMT
by Kenneth Fisher
The euro is showing little movement on Wednesday. In the European session, EUR/USD is trading at 1.0777, up 0.05%.
Eurozone inflation ticks lower
Inflation in the eurozone continues to decline.
03-04-2024 05:50 GMT
by Kenneth Fisher
The Reserve Bank of Australia minutes of the March meeting indicated that there was no mention of raising interest rates. This points to a less hawkish stance but the Australian dollar is unchanged following the release of the minutes.
Reserve Bank drops reference to rate hike
The RBA maintained the cash rate at 4.35% at the March 19th meeting.
02-04-2024 10:03 GMT
by Kenneth Fisher
The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%.
02-04-2024 05:38 GMT
by Kenneth Fisher
The Australian dollar has started the trading week with considerable losses. In the North American session, AUD/USD is trading at 0.6482, down 0.50%.
Will RBA minutes provide any insights on rate path?
Investors are eagerly awaiting the minutes from the Reserve Bank of Australia’s meeting last month.
01-04-2024 12:59 GMT
by Kenneth Fisher
The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%.
Business confidence among major manufacturers falls
The Bank of Japan’s Tankan business confidence survey was a mix and the yen showed a muted response.
01-04-2024 07:46 GMT
by Kenneth Fisher
The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%.
It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% so far this year.
29-03-2024 07:15 GMT
by Kenneth Fisher
The Japanese yen continues to have a quiet week and is unchanged in the European session at 151.17.
Tokyo Core CPI inches lower to 2.4%
Tokyo Core CPI, which excludes fresh food, eased to 2.4% y/y in March, a drop lower than the 2.5% gain in February and matching expectations. This inflation indicator is closely watched as it is considered a leading indicator of nationwide inflation.
29-03-2024 06:01 GMT
by Kenneth Fisher
The Canadian dollar is slightly higher on Thursday. USD/CAD is trading at 1.3537 in the North American session, down 0.23%.
Canada’s GDP rebounds with 0.6% gain
Canada’s GDP bounced back with a strong gain of 0.6% m/m in January, after a 0.1% in December.
28-03-2024 14:02 GMT
by Kenneth Fisher
The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%.
Australia’s retail sales rise 0.3%
Australia’s retail sales slipped in February to 0.3% m/m, a sharp drop from the 1.1% gain in January and shy of the market forecast of 0.4%.
28-03-2024 06:50 GMT
by Kenneth Fisher