Eurozone Sentix Investor Confidence Index improves to -12.7 in February vs. -17.7 prior

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Eurozone investors’ morale improves in February. EUR/USD stays better bid above 1.0300 after the Eurozone data. The Eurozone Sentix Investor Confidence Index improved to -12.7 in February following January’s -17.7, the latest survey showed on Monday. Source link

UK CPI: Could rising December inflation push BoE officials to delay upcoming rate cuts?

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United Kingdom’s Office for National Statistics will release the December CPI data on Wednesday. The annual UK headline CPI inflation is set to rise in December, with the core figure cooling slightly. The UK CPI report will likely rock the Pound Sterling amid the BoE’s cautious policy approach. The United Kingdom’s (UK) Office for National […]

Forex Today: US Dollar holds near multi-year highs ahead of key jobs report

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Here is what you need to know on Friday, January 10: Following Thursday’s quiet action in financial markets, the US Dollar (USD) stays resilient against its major rivals in the European morning on Friday. In the early American session, the US Bureau of Labor Statistics will release the jobs report for December, which will feature […]

US ISM Manufacturing PMI improves to 49.3 in December vs. 48.4 expected

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The business activity in the US manufacturing sector contracted at a softer pace than expected in December. The US Dollar Index stays in negative territory near 109.00. The business activity in the US manufacturing sector continued to contract, albeit at a softening pace in December, with the ISM Manufacturing PMI rising to 49.3 from 48.4 in November. […]

Forex Today: Markets remain on edge on US election day

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Here is what you need to know on Tuesday, November 5: Financial markets remain on edge as the US presidential election takes center stage, with latest polls pointing to a tight race. On Tuesday, the US economic calendar will feature Goods Trade Balance data for September and the ISM Services PMI report for October. Later […]

Forex Today: Markets turn cautious ahead of US data, Gold nears record-high

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Here is what you need to know on Tuesday, October 29: Financial markets seem to have adopted a cautious tone following Monday’s choppy action. The US economic calendar will feature Goods Trade Balance and JOLTS Job Openings data for September, alongside the Conference Board’s Consumer Confidence Index for October.  Investors refrain from taking large positions […]

Nonfarm Payrolls rise by 254,000 in September vs. 140,000 expected

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Nonfarm Payrolls (NFP) in the US rose by 254,000 in September, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 159,000 increase (revised from 142,000) recorded in August and surpassed the market expectation of 140,000 by a wide margin. Follow our NFP Live Coverage here Other details of the report […]

China’s CPI inflation edges higher to 0.6% YoY in August vs. 0.7% expected

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China’s Consumer Price Index (CPI) rose at an annual pace of 0.6% in August after reporting a 0.5% growth in July. The market consensus was for a 0.7% increase in the reported period. Chinese CPI inflation came in at 0.4% MoM in August versus July’s 0.5% acceleration, worse than the 0.5% estimate. China’s Producer Price Index (PPI) declined 1.8% YoY […]

Forex Today: Nonfarm Payrolls benchmark revisions, FOMC Minutes to drive USD action

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Here is what you need to know on Wednesday, August 21: The US Dollar (USD) holds its ground against its major rivals early Wednesday as markets wait for the US Bureau of Labor Statistics to announce the preliminary benchmark revisions to Nonfarm Payrolls. Later in the American session, the Federal Reserve will release the minutes […]

Forex Today: US Dollar struggles to build on Thursday’s gains

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Here is what you need to know on Friday, August 16: The US Dollar (USD) outperformed its rivals on Thursday, boosted by the upbeat macroeconomic data releases from the US. After rising 0.5%, the USD Index stays in a consolidation phase below 103.00 as markets await Housing Starts and Building Permits data for July. Additionally, […]

Forex Today: Gold closes in on record-high, eyes on US producer inflation data

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Here is what you need to know on Tuesday, August 13: While major currency pairs spent the first day of the week fluctuating in tight ranges, Gold gathered bullish momentum and climbed above $2,470. The trading action turns subdued early Tuesday as investors await the July Producer Price Index (PPI) data from the US. During […]

Forex Today: US Dollar recovery loses steam, focus shifts to mid-tier data releases

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Here is what you need to know on Thursday, August 8: Following a two-day rebound, the US Dollar (USD) seems to be struggling to keep its footing on Thursday, with the USD Index retreating back below 103.00 in the European session. The US Department of Labor will release the weekly Initial Jobless Claims data later […]