POUND STERLING ANALYSIS & TALKING POINTS Money markets may have overreacted to UK economic data last week, now pricing in 3 further rate hikes in 2023. All eyes on US data ahead of Fed rate decision. GBP/USD seeks fundamental catalyst to breakout of sideways move. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD …
BANK OF CANADA DECISION KEY POINTS: Bank of Canada holds interest rates unchanged at 4.5%, in line with expectations Policy statement reiterates that the central bank is prepared to hike rates again if needed USD/CAD whiplashes, but heads slightly lower after the announcement crosses the wire Recommended by Diego Colman Get Your Free USD Forecast …
Bank of Canada Holds Rates Steady & Sticks to Data Dependency, USD/CAD Slides Read More »
Crude Oil, US Dollar, WTI, SVB, FDIC, Iraq, Kurdistan, Turkey, Volatility – Talking Points Crude oil consolidated a stellar rally seen at the start of the week The OPEC+ surprise cut in output is still being digested by markets The elevated levels could have inflation implications. Will WTI go higher?? Recommended by Daniel McCarthy Get …
Crude Oil Price Steady After Stunning Run Higher on OPEC+ News. Where to for WTI? Read More »
UK JOBS DATA KEY POINTS: UK Employment Change (DEC) Actual 65k Vs Forecast 52k. UK Unemployment Rate (JAN) Actual 3.7% Vs Forecast 3.8%. Average Earnings incl. Bonus (3Mo/Yr)(JAN) Actual 5.7% Vs Forecast 5.7%. In Real Terms (adjusted for inflation) Wages Dropped by 3.2 Percent, the Largest Decline Since the February to April 2009 Period. To …
UK Unemployment Rate Remains Steady at 3.7%, GBP/USD Edges Lower Read More »
BANK OF CANADA DECISION: Bank of Canada stands pat on monetary policy, keeping its key interest rate unchanged at 4.50%, in line with expectations The bank retains bearish guidance, signaling that it will hold borrowing costs at current levels while assessing the cumulative effects of past tightening measures USD/CAD extends gains after BoC’s decision Most …
USD/CAD Gains After Bank of Canada Holds Rates Steady, Retains Dovish Guidance Read More »
Gold Price (XAU/USD), Chart, and Analysis Fed chair Powell’s testimony to lawmakers will be closely analyzed. The latest US Jobs Report will steer the US dollar at the end of the week, US Treasury yields nudge lower, helping to prop up gold. Recommended by Nick Cawley How to Trade Gold For all market-moving events and …
Gold Prices Hold Steady Ahead of Fed Chair Powell and the Latest US Jobs Report Read More »
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EURO AREA CORE INFLATION FLASH KEY POINTS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The core inflation rate in the Euro Area rose for a third successive month hitting a fresh record high of 5.6% in February. the core CPI …
Euro Area Core Inflation Prints Fresh Record High, EUR/USD Steady Read More »
UK GDP Q4 ’22 (PRELIM) KEY POINTS: Recommended by Zain Vawda Get Your Free GBP Forecast UK GDP preliminary data for Q4 2022 indicated a definite slowdown despite matching estimates. Monthly real gross domestic product (GDP) is estimated to have fallen by 0.5% in December 2022 while the bigger picture showed that GDP was flat …
UK GDP Data in Line with Estimates, GBP/USD Steady Read More »
BRENT CRUDE OIL (LCOc1) TALKING POINTS Crude inventories weigh on Brent ahead of OPEC next week. Fading USD may find some relief today leaving Brent exposed. Hesitant price action on daily chart. Recommended by Warren Venketas Get Your Free Oil Forecast BRENT CRUDE OIL FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter …
EUR/USD Price, Chart, and Analysis German Ifo data suggest that the economic outlook is improving The ECB – market impasse over interest rates continues. Recommended by Nick Cawley Download our new Q1 Forecast Most Read: EURUSD Latest – The Bullish Trend Remains in Place as the ECB Talks Tough The German economy is starting the …
EUR/USD Steady Near its Multi-Month High, German Ifo Report Cheers Read More »
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