Author: FX

New Zealand is printing its quarterly labour market numbers! Have the country’s labour market prospects improved enough to allow the RBNZ to stick to its relatively hawkish biases? Here’s what you need to know if you’re planning on trading the closely-watched report: 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

The Fed’s Senior Loan Officer survey or SLOOS has been released:US banks during Q4 reported tighter standards for households, weaker demand for C&I (commercial and industrial) loans and CRE (Commercial real estate) loansUS banks are reporting tighter lending standards to households and weaker demand for residential real estate loansUS banks expect lending standards to be unchanged in 2024 for all C&I. Residential real estate loans, to tighten for CRE, credit card and auto loans. This article was written by Greg Michalowski at www.forexlive.com. Source link

Share: GBP/USD falls 0.74% to 1.2535, influenced by Powell’s rate stance and strong US jobs data. Powell’s emphasis on inflation control tempers early rate cut expectations. US Nonfarm Payrolls’ substantial job growth supports optimism for the US economy, boosting the Dollar. Rising US Treasury yields post-Powell and solid economic data prompt Fed rate cut reassessment. UK services sector’s positive start overshadowed by US monetary policy and economic outlook focus. The GBP/USD tumbles in the mid-North American session trade with losses of 0.74% and exchanges hands at 1.2535. Factors like last Friday’s US economic data and over-the-weekend comments of…

Recommended by Diego Colman Forex for Beginners Most Read: US Dollar Forecast – Bulls Return as Bears Bail; Setups on EUR/USD, USD/JPY, AUD/USDThe U.S. dollar, as measured by the DXY index, extended its gains and was sharply higher on Monday, bolstered by surging U.S. Treasury yields in the wake of strong economic numbers and hawkish Federal Reserve rhetoric in recent trading sessions. The 2-year note, in particular, surged past 4.45%, marking its highest level since the beginning of the year.Last Friday, the U.S. nonfarm payrolls report set a positive tone for the U.S. currency by revealing that U.S. employers had…

Gold (XAU/USD) AnalysisBumper non-farm payrolls for January sees rate cut odds pushed backUS yields continue to rise after NFP and Powell’s confirmation that March is not the base case for first rate cutGold prices drop, weighed down by tapered rate cut bets and stronger USDThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryNFP Data Builds on December Momentum – Easing Rate Cut OddsNon farm payroll data for January surprise to the upside causing a spike in volatility heading into the weekend. Employment data showed that…

© Reuters. Dow Jones, Nasdaq, S&P 500 weekly preview: Earnings season continues The (SPX) continued its march towards 5000 after adding 1.4% last week. The Index (IXIC) rose 1.1% on the back of the robust earnings report from Meta Platforms (NASDAQ:) and Amazon (NASDAQ:). (DJI) jumped as much as 1.4% to record the first ever weekly close above 38500. “A relatively light calendar of economic data and earnings results this week will likely focus investors on earnings reports, company guidance, and comments from Fed officials in events around the country this week,” Oppenheimer’s Chief Investment Strategist said in a note.…

EUR/USD Main Talking Points:EUR/USD starts the week with more fallsThe pair has already slid for four straight weeksDollar strength looks set to dominate trade for some timeThe Euro made a new low against the United States Dollar for this young year to date on Monday as the unwinding of early interest-rate cut bets continues to boost the greenback.The markets’ response to last week’s astonishing strength in US job creation is reverberating around global asset classes once more, with any chance of a reduction in borrowing costs from the Federal Reserve in March all-but ruled out.In European action this has seen…

Minneapolis Fed Pres. Neil Kashkari penned a report titled “Policy has tightened a lot. How tight is it?” on the Minneapolis Fed website. Below is a bulleted summary of that article:On May 6, 2022, published an essay on focusing on long-term real rates for evaluating monetary policy stance, highlighting their impact over short or nominal rates.Updates on June 17, 2022, and September 26, 2023, reflected FOMC’s policy tightening actions to address inflation.Since the last update, notable developments include a rapid decrease in inflation, surpassing forecasts, and strong economic growth.The FOMC aims for 2 percent headline inflation, with core inflation showing…

Share: In January, EUR/USD weakened back after end-2023 rebound. Economists at MUFG Bank analyze the pair’s outlook. EUR/USD correction lower followed by rebound to new highs  Over the year as a whole, the forward market indicates a remarkably synchronised easing by the Fed and the ECB, which if correct would point to limited scope for yield driven big moves in EUR/USD. We remain neutral on EUR/USD in H1 but see a slowing US economy emerging, contrasting somewhat with a modest pick-up in Eurozone growth which will allow for EUR/USD to drift higher in H2, although the move will…

© Reuters. FILE PHOTO: People walk past one of the entrances of Beijing No. 2 Intermediate People’s Court where Australian writer Yang Hengjun is expected to face trial on espionage charges, in Beijing, China May 27, 2021. REUTERS/Carlos Garcia Rawlins/File Photo By Kirsty Needham and Laurie Chen SYDNEY/BEIJING (Reuters) -A Beijing court on Monday handed Australian writer Yang Hengjun a suspended death sentence on espionage charges, threatening a recent rebound in bilateral ties that followed several years of strained relations between Beijing and Canberra. The sentence, handed down five years after Yang was detained in China and three years after…