Author: FX
© Reuters. FILE PHOTO: People walk over London Bridge looking at a view of Tower Bridge in the City of London financial district in London, Britain, October 25, 2023. REUTERS/ Susannah Ireland/File Photo By William Schomberg and Suban Abdulla LONDON (Reuters) -British pay grew at the slowest pace in more than a year at the end of 2023, according to official data published on Tuesday, but the slowdown was less strong than most analysts had forecast and Britain’s jobless rate unexpectedly fell. The data suggested that the country’s labour market was probably still generating too much inflationary pressure for the…
This forex pair is back in sideways action and looks ready to form a new range with this looming test of support. Will USD/CAD bounce again? Check out these inflection points I’m watching on the 4-hour time frame. USD/CAD 4-hour Forex Chart by TradingView So much for USD/CAD breaking below that double top neckline! Yet another strong NFP report lifted the U.S. dollar back above the near-term support at the 1.3400 handle and onto a test of the highs at the 1.3535 region. However, market players seem to be adjusting their long USD bets ahead of a bunch of top-tier…
All eyes are on the US CPI data coming up later today. And only that will shake off the more tentative mood in markets to start the new week so far. The dollar is keeping steadier as we look towards European trading but I wouldn’t expect much more fireworks until we get to the main event in US trading.Looking to the European session, there will be some data releases to focus on as well at least. The UK labour market report is one, as it will feature a reweighted methodology as outline by ONS here.In the note, they mention that…
Share: India’s Nifty and Sensex opened Tuesday on the wrong footing. Nifty and Sensex fell on Monday on a rush for profit-taking and cautious trends in global markets. Nifty and Sensex traders wait for the US inflation data for fresh trading impetus. The Sensex 30 and Nifty 50, India’s key benchmark indices, opened Tuesday on a negative note, taking the lead from the cautious trading on its Asian counterparts. At the time of writing, the National Stock Exchange (NSE) Nifty 50 index is attempting a recovery, up 0.10% on the day to trade at 21,638.70. The Bombay Stock…
© Reuters. MONACO – Safe Bulkers, Inc. (NYSE:), a key player in the marine drybulk transportation sector, has announced the sale of its oldest vessel, the MV Maritsa. The Panamax class dry-bulk vessel, constructed in 2005 in Japan, has been sold for a gross price of $12.2 million. The company expects to deliver the vessel between April and May 2024. Dr. Loukas Barmparis, President of Safe Bulkers, indicated that the sale aligns with the firm’s ongoing strategy to modernize its fleet. The company aims to enhance environmental performance and maintain competitiveness amidst tightening regulatory standards. The MV Maritsa transaction is…
Looking to trade the news for intraday moves this week? Here’s what’s coming up for Australia’s jobs report and how AUD pairs might react. Source link
MARKET FORECAST – GOLD PRICES, USD/JPY, GBP/USDThe U.S. dollar moves without directional conviction on Monday ahead of U.S. CPI dataThe January U.S. inflation report will steal the market’s attention on TuesdayThis article focuses on the technical outlook for gold prices, USD/JPY and GBP/USD Recommended by Diego Colman Building Confidence in Trading Most Read: EUR/USD Forecast – US Inflation Data to Drive Market Sentiment, Breakdown in PlayThe U.S. dollar, as measured by the DXY index, traded nervously at the start of the new week, moving up and down around the flatline without making significant headway in either direction amid mixed U.S.…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
BOE officials have been hinting that they need to see “more evidence” of falling inflation before voting for interest rate cuts. Will this week’s January inflation report tip the scale in favor of easier monetary policies? Here are points you need to know if you’re planning on trading the potential catalyst on Wednesday: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
Share: The DXY stands at 104.10 on Monday with mild gains. Fed’s dovish stance remains in place despite minimal chance of a March rate cut. January’s CPI figures on Tuesday are set to determine the timing of Fed cuts and USD dynamics. The US Dollar (USD) remains firmly positioned at 104.10, demonstrating stability ahead of key US data releases expected this week. Financial markets keenly await economic reports on the Consumer Price Index (CPI), Producer Price Index (PPI), and Retail Sales data from January, which could potentially bolster the Dollar’s position further. Simultaneously, anticipation builds around upcoming inflation…