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 […]
Industry News
Industry News
Industry News
28
Apr
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 […]
28
Apr
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 […]
28
Apr
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 […]
28
Apr
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 […]
28
Apr
Apr
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Oil prices wallow under $80, set for fourth straight month of losses
Oil prices moved little on Friday after logging steep losses this week, and were set to close a fourth consecutive month in negative territory level as fears of slowing economic growth and demand largely offset tightening supply. Markets saw little relief as data showed U.S. economic growth slowed more than expected in the first quarter of 2023, […]
28
Apr
Apr
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Oil set for second weekly drop as recession fears, rates cloud outlook
TOKYO (Reuters) – Oil prices were little changed on Friday but are set for their second weekly drop as disappointing economic data from the U.S., the world’s biggest crude user, and uncertainty on further interest rate hikes raised concerns about future fuel demand. Brent crude futures for June were trading at $78.53 a barrel, up 16 […]
28
Apr
Apr
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Gold prices dip as strong inflation, labor data fuel Fed fears
Gold prices fell slightly on Friday, extending losses into a third straight session as stronger-than-expected U.S. inflation and labor market data saw fears of more Federal Reserve rate hikes come back into focus. The yellow metal was now set to end the week well below $2,000 after failing to retake the level in recent sessions. […]
28
Apr
Apr
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The Morning Market Wrap
AUDJPY caught a bid following the BoJ meeting as the Japanese yen slumped. The pair extended the recovery move launched yesterday and climbed above the 50-session moving average. Source: xStation5
28
Apr
Apr
Mastercard Beats Expectations But, Dampened by DOJ Report
Payment card industry giant Mastercard (MA.US) reported Q1 results that beat analysts’ expectations. At the same time, however, news broke of an antitrust investigation by the U.S. Department of Justice (DoJ), which is investigating the debit card program in the U.S. and the company’s relationship with rival payment networks. The company said it will cooperate with the […]