Latest News
Latest News

Latest News

01
May

Oil prices dip on U.S. rate hike expectations, weak China PMI

TOKYO (Reuters) -Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates, which could slow growth and hit fuel demand, and worries about weaker Chinese manufacturing data combined to erase earlier gains. Brent futures for July delivery were down 61 cents, or 0.8%, at $79.72 a barrel […]

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01
May

The Morning Market Wrap

There’s a large divergence between the US500 that is at the resistance and AUDUSD just picking up off the support zone. The Fed meeting this week should clarify the picture for the markets.

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28
Apr

NATGAS Surges

NATGAS prices surged significantly over the last 20 minutes, however, there is no clear evidence for this rapid spike at the moment. Gas prices may be influenced by information about Russia’s cut in gas exports in 2023, as well as unconfirmed reports of a pipeline explosion in the USA.

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28
Apr

US PCE Higher Than Expected

US PCE price index y/y: 4,2% vs 4,1% exp. and 5,0% previously US PCE price index m/m: 0,1% vs 0,1% exp and 0,3% previously US Core PCE y/y: 4,6% vs 4,58% exp and 4,6% previously US Core PCE m/m: 0,3% vs 0,3% exp and 0,3% previously US Consumer spending data: 0% vs -0,1% exp and 0,2% […]

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28
Apr

Dollar Gains Ahead of PCE Data

📆 US PCE inflation for March due at 1:30 pm BST The US dollar is the best performing G10 currency in the early afternoon. The US dollar remains on the rise after yesterday’s GDP data showed price pressures in the US economy persisting in Q1 2023. While US yields are pulling back a bit today, […]

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28
Apr

DAX 30 Moves Lower After German Q1 GDP Miss

Flash German GDP report for Q1 2023 was released today at 9:00 am BST. Report turned out to be a disappointment with the German economy neither growing, nor contracting in the first 3 months of the year (0.0% QoQ) while the market expected a 0.2% QoQ growth.  Release comes after French data released earlier today […]

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28
Apr

Chart of The Day EUR/JPY

EURJPY is one of the pairs that has seen some wild moves today and is expected to remain volatile, at least during the European morning session.  Pair spiked following the Bank of Japan monetary policy decision. BoJ decided to keep rates as well as yield curve control (YCC) mechanism unchanged during the first meeting under […]

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28
Apr

Euro Moves Lower After Spanish GDP And CPI Data

GDP report for Q1 2023 as well as flash CPI data for April from Spain was released at 8:00 am BST today. While inflation data came in lower-than-expected, GDP beat expectations. Headline CPI inflation accelerated from 3.3% to 4.1% YoY but market expected an acceleration to 4.4%. Meanwhile, flash GDP report showed Spanish economy expanding […]

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28
Apr

The Day Ahead CPI And GDP Data From Europe

Futures markets point to a higher opening of today’s cash trading session on the Old Continent. This comes after a stellar Wall Street session yesterday and an upbeat trading in Asia earlier today. JPY is the worst performing G10 currency after the Bank of Japan decided to keep rates and YCC unchanged.  Economic calendar for […]

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28
Apr

BOJ Decision Sees USD/JPY Surge

BoJ leaves rates and yield curve control mechanism unchanged Today’s Bank of Japan decision was watched closely as it was the first meeting under new BoJ Governor Ueda and some investors hoped that a slight hawkish turn may be made. However, no such thing occurred and main settings of monetary policy were left unchanged as […]

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