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Stay up-to-date with the latest market developments. Discover breaking news, in-depth analysis, expert commentary, and market insights that affects all asset classes, from forex and commodities to stocks and indices. MarketPulse news will help you stay ahead so you can make informed trading decisions.

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USD/CAD - Rebound running on fumes ahead of Canadian employment data
US jobless claims no longer trending lower Canadian unemployment expected to rise again USDCAD running low on momentum near key resistance The US dollar has performed well recently, buoyed by some strong US economic figures that have forced traders to pare back rate cut expectations. Markets ended last year expecting 150 basis points of rate cuts from the Federal Reserve this year and despite briefly rising to 175, it's now pulled back closer to 125. While it's still likely to fluctuate furthe
08-02-2024 11:32 GMT by Craig Erlam
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EUR/USD eyes German inflation
EUR/USD is slightly lower on Wednesday. In the North American session, the euro is trading at 1.0751, down 0.20%. German inflation expected at 0.2% Germany's CPI is expected at 0.2% m/m on Friday, which would confirm the initial estimate from two weeks earlier.
08-02-2024 09:27 GMT by Kenneth Fisher
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Australian dollar dips as China's inflation declines
The Australian dollar has edged lower after China posted a soft inflation report. In the European session, AUD/USD is trading at 0.6509, down 0.18%. The new year hasn't brought much cheer to the Australian dollar, which hasn't had a winning week in 2024.
08-02-2024 05:21 GMT by Kenneth Fisher
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A modest silver lining for China and Hong Kong stock markets
China's CPI continued to deflate in January to -0.8% y/y from -0.3% y/y in December 2023 while the pace of contraction has slowed slightly in PPI (factory gate prices) to -2.5% y/y from -2.7% y/y in December. The spread of PPI over CPI has widened which in turn may see a turnaround in the current negative profitability growth rate of China’s industrial enterprises. Technical analysis suggests the minor countertrend rally in the Hang Seng Index may extend.
08-02-2024 01:50 GMT by Kelvin Wong
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GBP/USD - A bearish reversal at a key Fib level?
Fed policymakers sticking to the script US data continues to point to a strong economy Fib rebound may suggest we've seen a correction in GBPUSD It isn't the busiest week as far as UK and US economic data is concerned but there are still a few pieces worth keeping an eye on. As well as, of course, the scattering of central bank speak. So far, policymakers appear to remain consistent with the message from the last meeting despite Friday's surprisingly strong jobs report. The services PMI on Mo
07-02-2024 17:23 GMT by Craig Erlam
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EUR/AUD Technical: AUD weakness stalling after RBA's cautionary stance on inflation
Despite a recent slowdown in Australia’s monthly CPI for December 2023, the Australian central bank, RBA has chosen to remain on the cautious side and push back rate cut expectations. RBA’s monetary policy statement has stated that service inflation may remain sticky on the high side, and overall inflation may take some time to reach RBA’s target of 2% to 3%. Last week’s AUD weakness against the US dollar has started to taper off intraday, supported by the renewed hawkish vibes from RBA.
07-02-2024 06:26 GMT by Kelvin Wong
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NZD/USD shrugs after NZ employment report
New Zealand's unemployment rises, wages ease The New Zealand dollar is drifting on Wednesday, after jumping 0.73% a day earlier. In the North American session, NZD/USD is trading at 0.6104, up 0.12%. New Zealand's employment change rises New Zealand's employment report for the fourth quarter indicated that the labour market remains relatively strong.
07-02-2024 04:50 GMT by Kenneth Fisher
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GBP/USD - Breaks key support amid strong US economic figures
Traders pare rate cut expectations after strong US data UK households remain cautious with spending in December GBPUSD breaks quadruple top neckline The US economy is going from strength to strength, complicating the Federal Reserve's intentions to cut interest rates multiple times this year. The jobs report on Friday was red hot, with the wages component particularly problematic from a central bank perspective as it looks for further evidence that inflation is returning sustainably to target.
06-02-2024 12:14 GMT by Craig Erlam
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NZD/USD calm ahead of NZ job data
New Zealand's job growth expected to rise to 0.2% The New Zealand dollar is showing limited movement on Tuesday. Early in the North American session, NZD/USD is trading at 0.6052, down 0.03%. New Zealand job growth expected to rebound New Zealand releases the fourth-quarter employment report later today.
06-02-2024 09:00 GMT by Kenneth Fisher
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Australian dollar yawns as RBA stands pat
The Australian dollar is showing limited movement on Tuesday, after the Reserve Bank of Australia held interest rates. In the European session, AUD/USD is trading at 0.6493, up 0.61%. RBA maintains rates The RBA left interest rates unchanged at 4.35% at its first meeting of 2024.
06-02-2024 06:52 GMT by Kenneth Fisher
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Japanese yen extends losses, spending and income next
The Japanese yen continues to lose ground in the aftermath of the US nonfarm payroll report, which was much stronger than expected. In the North American session, USD/JPY is trading at 148.88, up 0.33%. Yen tumbles after hot US nonfarm payrolls The US dollar ended the week on a high note, courtesy of nonfarm payrolls soaring to 353 thousand in January, crushing the market estimate of 180,000.
05-02-2024 09:45 GMT by Kenneth Fisher
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Aussie slides after hot US nonfarm payrolls
The Australian dollar has fallen almost 1% after the US nonfarm payrolls and has given up today's earlier gains. In the North American session, AUD/USD is trading at 0.6644, down 0.40%. The US dollar has started 2024 on the right foot, recording gains against most of the major currencies in the month of January.
02-02-2024 09:04 GMT by Kenneth Fisher
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