Author: FX
BAGHDAD (Reuters) – Three armed drones were shot down on Tuesday over Erbil airport in northern Iraq, where U.S. and other international forces are stationed, Iraqi Kurdistan’s counter-terrorism service said. A statement from the service did not say if there were any casualties or damage to infrastructure. Tuesday’s attack came hours after Iran’s Revolutionary Guards said they had attacked a purported “spy headquarters” of Israel’s Mossad foreign intelligence service in Iraq’s semi-autonomous Kurdistan region. The counter-terrorism service said in a statement the drones were intercepted and shot down at around 5:05 a.m. local time. There was no immediate claim of…
Weaker-than-expected U.K. labor market data got traders selling the British pound today. In case you just tuned in to the newswires, you should know that the U.K. just dropped a pretty weak set of labor market numbers for the month of December. The unemployment rate may have remained at 4.2% for the month but jobless claimants also ballooned from 0.6K to 11.7K. Meanwhile, the three-month average wages slowed down faster than expected, down from 7.2% to 6.5% when analysts saw a 6.8% uptick. In fact, it’s the weakest since the November 2022 – January 2023 average! And…
GBP/USD Analysis and ChartsFalling UK wages will cheer the BoE.Cable is under pressure from the US dollar. Recommended by Nick Cawley Get Your Free GBP Forecast Most Read: British Pound Weekly Forecast: Big UK Data Week May Not Mean Big MovesUK wage growth slowed in November, according to the latest Office for National Statistics (ONS) data, while the unemployment rate remained unchanged. While wage growth continues to fall, it remains too high for the Bank of England to consider any imminent UK rate cut.ONS Labour Market OverviewFor all market-moving economic data and events see the DailyFX Economic CalendarThe latest UK…
This forex pair has been in consolidation mode for quite some time, but can a breakout from the triangle happen soon? As you can see from the 4-hour chart below, NZD/JPY formed higher lows and found resistance at the 91.00 major psychological mark. Here are the levels I’m watching for a bounce or a break. NZD/JPY 4-hour Forex Chart by TradingView Renewed dovish expectations for the BOJ have weighed on the Japanese yen in the past few days, as traders are warming up to the idea that the central bank will keep rates in negative territory for much much longer.…
There aren’t any major expiries to take note of for the day. As such, trading sentiment will revolve more around the technicals and broader market mood. On the latter, risk tones are leaning more defensively to start the day while Treasury yields are sitting higher. 10-year yields are up 4.9 bps to 3.999% but just be wary of the strong bids at the front-end that we saw at the end of last week. That could repeat itself later in US trading and keep things more interesting on the day.For more information on how to use this data, you may refer…
Share: Australian Dollar moves on a downward trajectory as US Dollar strengthens. Australian Consumer Confidence declined by 1.3% in January against the 2.7% prior. Fed’s Bostic warned that inflation may waver in the upcoming months. Upbeat US bond yields contributed to supporting the Greenback. The risk aversion sentiment due to the Middle East conflict improves the US Dollar demand. The Australian Dollar (AUD) continues its losing streak on Tuesday, which began on January 11. The AUD/USD pair faces downward pressure after the Westpac Consumer Confidence data for January showed a contraction. This development might contribute to the sentiment…
© Reuters. Jesse Armstrong, Matthew Macfadyen, Sarah Snook, Kieran Kulkin, J. Smith Cameron, Alan Ruck, and Nicholas Braun pose with the award for Best Television Series – Drama, for “Succession” at the 81st Annual Golden Globe Awards in Beverly Hills, California, U By Lisa Richwine and Danielle Broadway LOS ANGELES (Reuters) -“The Bear” star Ayo Edebiri and Quinta Brunson of “Abbott Elementary” scored some of the early awards at the Emmys on Monday as Hollywood celebrated the best of television. Edebiri won best supporting actress for her role as a chef trying to help open a fine-dining restaurant on dramedy…
Michael M. Santiago Apple (NASDAQ:AAPL) will abandon the blood oxygen feature on its smartwatches to circumvent a U.S. ban if a court appeal fails. The US Border and Protection Agency approved the Apple (AAPL) workaround on Friday as the agency “decided that Apple’s redesign falls outside the scope” of an import ban, according to media reports from Bloomberg, Reuters, and others. Medical technology company Masimo (NASDAQ:MASI) sued Apple (AAPL) in 2020 saying the blood oxygen feature infringes on several patents. Masimo (MASI) filed a complaint with the International Trade Commission seeking an Apple Watch import halt, alleging patent infringement, in…
Japan’s PPI is also known as the Corporate Goods Price Index, For December 2023:+0.3% m/m+0.0% y/yexpected -0.3%prior +0.3%—The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI)its a measure of the average change over time in the selling prices received by domestic producers for their outputis calculated by the Bank of JapanUnlike the Consumer Price Index (CPI), which measures the price change that consumers see for a basket of goods and services, the CGPI focuses on the change in the prices of goods sold by companies.The PPI reflects some of cost pressures faced…
Share: AUD/USD remains under pressure near 0.6660 amid the risk-off mood. Fed’s Bostic said rates would need to remain on hold until after the summer. Australian TD Securities inflation arrived at 5.2% YoY in December vs. 4.4% prior. Investors await the Australian Westpac Consumer Confidence for January and the US New York Empire State Manufacturing Index on Tuesday. The AUD/USD pair extends its downside above the mid-0.6600s during the early Asian session on Tuesday. The risk-off tone across markets lifts the safe-haven US Dollar (USD) and weighs on the pair. At press time, AUD/USD is trading at 0.6660,…