The British pound is almost unchanged on Tuesday. In the European session, GBP/USD is trading at 1.2709, up 0.11%.
26-12-2023 10:35 GMT
by Kenneth Fisher
Forex: all news & analysis
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Canadian GDP remains flat for a second straight month
US PCE Price Index eases
The Canadian dollar is showing limited movement on Tuesday. In the European session, USD/CAD is trading at 1.3248, down 0.14%.
26-12-2023 06:43 GMT
by Kenneth Fisher
BOJ Core CPI falls to 2.5%
BoJ's Ueda hints at possible shift in policy
The Japanese yen is showing little movement on Tuesday. In the European session, USD/JPY is trading at 142.39, down 0.04%.
BoJ Core CPI drops more than anticipated
Japanese inflation indicators have been heading lower.
26-12-2023 05:08 GMT
by Kenneth Fisher
Japanese core inflation falls to 2.5%, as expected
US to release PCE Price Index on Friday
The Japanese yen is showing little movement on Friday. In the European session, USD/JPY is trading at 142.03, down 0.06%.
Japanese core inflation eases to 2.5%
Japan's Core CPI, which excludes fresh food but includes fuel costs, dropped to 2.5% in November, matching the consensus estimate.
22-12-2023 07:20 GMT
by Kenneth Fisher
Friday's economic releases:
Canadian GDP
US PCE Price Core Index
The Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.3276, down 0.05%.
22-12-2023 05:15 GMT
by Kenneth Fisher
UK retail sales jump 1.3%, GDP contracts by 0.1%
US to release PCE Price Index on Friday
The British pound is drifting on Friday. In the European session, GBP/USD is trading at 1.2701, up 0.08%.
UK retail sales rebound but GDP contracts
UK retail sales jumped 1.3% in November m/m, bouncing back from 0% in October and beating the consensus estimate of 0.4%.
22-12-2023 04:13 GMT
by Kenneth Fisher
US GDP revised downwards to 4.9%
UK to release retail sales and GDP on Friday
The British pound has gained ground on Thursday. In the North American session, GBP/USD is trading at 1.2659, up 0.15%.
21-12-2023 10:32 GMT
by Kenneth Fisher
Japan's core inflation expected to slow to 2.5%
US GDP expected to confirm estimate of 5.2%
The Japanese yen is in positive territory on Thursday. In the European session, USD/JPY is trading at 142.85, down 0.61%.
21-12-2023 06:56 GMT
by Kenneth Fisher
Canada to release retail sales today, GDP on Friday
US GDP expected to confirm estimate 5.2% gain
The Canadian dollar is slightly higher on Thursday. In the European session, USD/CAD is trading at 1.3324, down 0.19%.
Canadian retail sales, GDP expected to improve
It's a busy end of the week for Canadian releases, with retail sales today and the GDP on Friday.
21-12-2023 04:20 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the Bank of Japan and UK inflation data, and what they mean for interest rates next year.
20-12-2023 15:01 GMT
by Craig Erlam
The Bank of England may be much closer to cutting interest rates than it admitted last week when three policymakers thought it still appropriate to hike again.
Inflation data from the UK this morning showed price growth has cooled faster again and much more so than the BoE anticipated in November when it released its last forecasts. The headline CPI slipped back to 3.9% while the core fell to 5.1%; both still far above target but on a rapid descent toward it.
20-12-2023 14:58 GMT
by Craig Erlam
US consumer confidence surges
Canada's inflation rate remains at 3.1% higher than expected
The Canadian dollar is showing limited movement on Wednesday. In the North American session, USD/CAD is trading at 1.3325, down 0.06%.
Canadian inflation stays sticky
Canada's inflation rate was unchanged in November at 3.1% y/y, above the consensus estimate of 2.9%.
20-12-2023 11:24 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Craig Erlam discussed the latest move in GBPUSD in the aftermath of weaker US inflation data.
20-12-2023 09:35 GMT
by Craig Erlam
German PPI eases to 7.9%
German GfK Consumer Confidence index improves slightly
The euro has dropped in Wednesday's trade. In the European session, EUR/USD is trading at 1.0939, down 0.38%.
German PPI declines by 7.9%
Germany's producer price index fell by 7.9% y/y in November, another sharp decline after the October reading of -11%.
20-12-2023 06:49 GMT
by Kenneth Fisher
UK inflation falls to 3.9%, lower than expected
British pound declines
The British pound has declined on Wednesday. In the European session, GBP/USD is trading at 1.2658, down 0.58%.
UK inflation surprises on the downside
UK inflation was lower than expected in November and the surprising release has sent the British pound lower today.
20-12-2023 05:43 GMT
by Kenneth Fisher
British pound surges on Tuesday
UK inflation expected to fall to 4.4%
The British pound is sharply higher on Tuesday. In the European session, GBP/USD is trading at 1.2744, up 0.76%.
UK inflation expected to ease
UK inflation continues to fall and a slight drop is expected in the November CPI on Wednesday.
19-12-2023 10:53 GMT
by Kenneth Fisher
Canada's inflation rate expected to fall to 2.9%
Fed members push back against rate cut expectations
The Canadian dollar is showing little movement on Tuesday. In the European session, USD/CAD is trading at 1.3382, down 0.13%.
19-12-2023 05:19 GMT
by Kenneth Fisher
BoJ makes no changes to policy or guidance
Yen declines over 1%
The Japanese yen is sharply lower on Tuesday. In the European session, USD/JPY is trading at 144.42, up 1.15%.
19-12-2023 03:37 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic events that focus on the monetary policy decisions by the Bank of Japan which is only the sole central bank with a negative interest rate policy. Consensus is expecting no change on BoJ's monetary policy setting on Tuesday, 18 December but forward guidance via its monetary policy statement and Governor Ueda's press conference may indicate an imminent shift away from short-term negative interest rates in
18-12-2023 23:14 GMT
by Kelvin Wong
Consensus is expecting no change to BoJ’s monetary policy, but its policy statement and Governor Ueda’s press conference may signal an imminent shift away from short-term negative interest rates.
Mounting pressures from public and private sectors with Economy Minister Shindo attending today’s monetary policy decision meeting as a representative from the Cabinet Office.
Technical analysis suggests further potential weakness in the USD/JPY.
This is a follow-up analysis of our prior report, “
18-12-2023 21:33 GMT
by Kelvin Wong