Author: FX
How high did the U.K.’s consumer prices fly in December? More importantly, what are the markets expecting and how may GBP react to the U.K.’s December CPI data? 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
2/2 © Reuters. FILE PHOTO: A missile is launched from a warship during the U.S.-led coalition operation against military targets in Yemen, aimed at the Iran-backed Houthi militia that has been targeting international shipping in the Red Sea, from an undisclosed location 2/2 By Hatem Maher and Muhammad Al Gebaly (Reuters) -Yemen’s Houthi movement will expand its targets in the Red Sea region to include U.S. ships, an official from the Iran-allied group said on Monday, as it vowed to keep up attacks after U.S. and British strikes on its sites in Yemen. Attacks by the Houthis on ships in…
Gold (XAU/USD) Analysis Recommended by Richard Snow Get Your Free Gold Forecast USD Drifts Higher While Yields Appear Vulnerable to Further DownsideThe US dollar started the week on the right foot, although, the early Monday rise was certainly nothing to brag about. The greenback has not only managed to remain supported but looks to build on Friday’s gains at the start of a holiday affected week. In observance of Martin Luther King Day, major US markets are offline and will only open tomorrow.Despite considerable headwinds, the US dollar defies all challenges to trade higher on Monday (at the time of…
The U.K.’s labor market numbers for December will be one of the first top-tier reports scheduled for this week and likely to shake things up for the British pound. Which way have the leading indicators been leaning and what are the potential reactions for Sterling after the event?! 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 International Monetary Fund in its recent AI report reveals that almost 40% of global employment is exposed to AI. IMF believes that one of the things that sets AI apart is its ability to impact high-skilled jobs, making advanced economies face greater risks from AI but also bring opportunities. In advanced economies, about 60% of jobs may be impacted by AI while in emerging markets and low-income countries, AI exposure is expected to be 40% and 26%, respectively. The findings suggest that emerging market and developing economies face fewer immediate disruptions from AI but many of these countries don’t…
It’s Canada’s turn to print its December inflation updates! What are traders expecting and how will CAD react to the release when the Bank of Canada (BOC) still officially believes that “it may still be necessary” to raise its interest rates this year? Check out the major points you need to know if you’re planning on trading the event: 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
Is peace finally on the table? (update: it’s not)Reuters reports comments from the Swiss President Viola Amherd who says that Ukrainian President Zelensky has asked Switzerland to organize a high-level peace conference.Amherd made the comment at a joint press conference with Zelensky ahead of Davos and initially it caused a stir.It was soon revealed that Russia wouldn’t be invited to this conference, which makes it something of a joke. Obviously, Russia needs to be part of this peace conference for it to have any real meaning. Still, might be the beginning of the end of this war. Zelensky tells press…
Share: Mexican Peso gets hit by sentiment shifting, down 0.13% against Greenback. Mexico’s economy continues to slow down amid the ongoing disinflation process. Expectations that Banxico would begin easy monetary policy in Q1 2024 could pave the way for further upside in USD/MXN. The Mexican Peso (MXN) made a U-turn after posting solid gains versus the US Dollar (USD) on Friday, weakening amid thin liquidity conditions in the observance of Martin Luther King (MLK) day in the United States (US). The emerging market currency is soft despite interest rate traders expecting the US Federal Reserve (Fed) to cut…
EUR/USD Forecast – Prices, Charts, and AnalysisGerman 2023 GDP confirmed at -0.3%.The Euro is marginally higher as the US dollar takes a break.Download our brand new Q1 2024 Euro Technical and Fundamental Forecast Recommended by Nick Cawley Get Your Free EUR Forecast Price adjusted annual German GDP was 0.3% lower in 2023 than in the previous year as ‘overall economic development faltered in Germany in 2023 in an environment that continues to be marked by multiple crises’ according to German Federal Statistical Office, Destatis. German 2022 GDP was downgraded by 0.1% to 1.8%. Recommended by Nick Cawley How to Trade…
Extendicare declares CAD 0.04 dividend Source link