Author: FX
UK GDP Q4 ’22 (PRELIM) KEY POINTS: Recommended by Zain Vawda Get Your Free GBP Forecast UK GDP preliminary data for Q4 2022 indicated a definite slowdown despite matching estimates. Monthly real gross domestic product (GDP) is estimated to have fallen by 0.5% in December 2022 while the bigger picture showed that GDP was flat in the 3 months to end December 2022. As a whole 2022 GDP came in at 4.1%.Customize and filter live economic data via our DailyFX economic calendarThe services sector fell by 0.8% in December 2022, after unrevised growth of 0.2% in November 2022; the largest…
German DAX futures -0.7%UK FTSE futures -0.3%It is now a catch up to the opposite end for European equities, having closed before the late slump in Wall Street yesterday. The overall market mood is leaning more cautious today with S&P 500 futures down 0.1% as well. Source link
Share: EUR/USD is expected to deliver more downside to near 1.0700 amid the risk-aversion theme. The USD Index has got strength as investors are worried about higher interest rates by the Federal Reserve. European Central Bank is still favoring a continuation of a bumper policy tightening spell despite softened German Inflation. EUR/USD is struggling to find direction beyond the 50% and 61.8% Fibo retracements gamut. EUR/USD has dropped firmly to near 1.0720 in the early European session. The major currency pair is expected to deliver more downside to near the round-level support of 1.0700 as Germany’s Harmonized Index of…
Asia-Pacific markets trade mixed at the end of the week Source link
© Reuters. A man pays for meat at a market in Beijing, China January 11, 2021. REUTERS/Tingshu Wang/Files By Joe Cash BEIJING (Reuters) – China’s January factory gate prices fell more than economists expected, suggesting that flashes of domestic demand that had stoked consumer prices after the zero-COVID policy ended are not yet strong enough to rekindle upstream sectors. The producer price index (PPI) was down 0.8% on a year earlier, extending the 0.7% drop the prior month and faster than the 0.5% fall tipped in a Reuters poll, even though manufacturing activity returned to growth in January. The consumer…
Ether is testing the lower limits of a short-term range! Like other major crypto pairs, ETH/USD was not immune to interest rate and global growth concerns that are making traders think twice about taking on “risky” bets like cryptocurrencies. Ether even took an extra knock from headlines that Kraken, a major crypto exchange, will pay the U.S. SEC $30 million in settlement AND end its staking program after the U.S. securities regulator alleged that the exchange offered and sold unregistered securities with its staking platform. Threats against staking opportunities in the U.S. mean that investors in the world’s largest economy…
Coming up from the European Central Bank on Friday:1315 GMT, which is 0815 US Eastern time, Bank of Spain´s governor Pablo Hernández de Cos speaks at the Warwick Economics Summitas a Governor of an EU central bank de Cos is a member of the Bank’s Governing Council 1400 GMT, which is 0900 US Eastern time, ECB board member Isabel Schnabel answers questions from Twitter users Source link
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Swedish Krona, EUR/SEK, USD/SEK, Norwegian Krone, EUR/NOK, USD/NOK – Talking PointsThe Swedish Krona launched higher after the Riksbank rate hikeThe Nordic bank has a similar inflation fight to other central banksIf the Riksbank maintains the hawkish stance, will SEK strengthen more?The Swedish Krone piled on a staggering rally in the aftermath of the Riksbank lifting its target rate to 3.0% from 2.5% and paved the way for further tightening of monetary policy.Before the meeting, the market had been…
© Reuters. FILE PHOTO-A logo of the Adani Group is seen on a commercial complex in Mumbai, India, February 7, 2023. REUTERS/Francis Mascarenhas By Rodrigo Campos and Scott Murdoch SYDNEY (Reuters) -Index provider MSCI said it has cut the free-float designations of four securities of India’s Adani group, a move which analysts have warned could impact their index weightings. MSCI said in a statement it has reduced the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission and the Associated Cement Companies. The remaining companies’ free floats will remain the same. The changes come into effect on March 1.…
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