Author: FX
GBP/USD remains subdued for the third successive session, trading around 1.3150 during the Asian hours on Tuesday. The pair struggles as the Pound Sterling (GBP) comes under strain after the United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves abandoned planned income-tax rises. The decision has raised questions about the UK’s fiscal outlook, despite the Office for Budget Responsibility lowering its budget deficit forecast to £20 billion from £35 billion. Reeves is still anticipated to pursue revenue through threshold changes and salary-sacrifice reforms, favoring a smaller-scale budget over significant tax increases.Additionally, the British Pound continues to face downside pressure after…
Following a dovish split decision earlier this month, the spotlight is now on the U.K. inflation report for clues on whether the Bank of England (BOE) will proceed with a December rate cut. Our Event Guide for the U.K. Inflation Report suggests that we could see cooler consumer price increases in September. Still, if the numbers surprise to the upside or if traders latch onto other GBP-friendly catalysts, then GBP/USD and GBP/NZD’s setups could draw a lot more attention. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable…
Expectations for a December BOE rate cut are running pretty high, so a weak U.K. CPI print could spell further downside for GBP/AUD and GBP/CHF. Our Event Guide for the U.K. Inflation Report lists leading indicators reflecting a decline in input costs for October, along with slower wage growth. Will these resistance levels be enough to keep gains in check? 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 Unlimited Access access to MarketMilk™ Plus More! Source link
China has released initial price guidance for its latest euro-denominated sovereign bond issuance, with a term sheet showing plans to raise €4 billion across two maturities. Investors were guided to a 4-year tranche at mid-swaps +28 bps and a 7-year tranche at mid-swaps +38 bps, according to documents reviewed by Reuters.This marks Beijing’s continued use of offshore euro funding—a strategy China has pursued for several years to diversify its investor base, deepen financial ties with Europe, and avoid over-reliance on U.S. dollar markets at a time of heightened geopolitical and currency sensitivity. Euro bonds also help China tap demand from…
Federal Reserve (Fed) Governor Christopher Waller said that the US central bank should cut the interest rates when policymakers meet in December, Bloomberg reported late Monday. Waller added that he’s grown concerned over the labor market and the sharp slowdown in hiring.Makes case for continuing interest rate cuts.Supports a quarter-percentage-point rate cut at Fed’s December 9-10 meeting. Will provide additional insurance on labor market. Worries restrictive monetary policy is weighing on economy. US labor market weak, near stall speed. Underlying us inflation is close to 2% target. Inflation expectations are well-anchored. Tariffs are one-time price level shocks; doesn’t see any factors that would cause acceleration in inflation. Us gdp growth…
Markets wrestled with uncertainty on Monday as investors awaited delayed U.S. economic data and critical earnings reports, with equities declining while the dollar posted modest gains amid mixed Federal Reserve signals. The S&P 500 slipped below a key technical threshold as questions about AI valuations intensified ahead of Nvidia’s Wednesday earnings, while Bitcoin extended its retreat from October’s record highs. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Asia-Pacific: Japan GDP Growth Rate Prel for Q3 2025: -0.4% q/q (-0.4% forecast; 0.5% previous); -1.8% annualized (-2.0%…
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Job growth in the U.K. turned out weaker than expected for October, further boosting December BOE easing hopes. With a dynamic broad market environment in play, we thought two pairs were viable candidates to move beyond the watchlist stage. Which of our GBP strategies moved on and how did it all play out? 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 Unlimited Access access to MarketMilk™ Plus More! Source link
Google is one of the bright spots in stock markets today, as it rallies 2.8% following filing’s showing the Berkshire Hathaway took a $5 billion stake in the third quarter.There are also strong rumors that Google is about to launch something amazing with Gemini 3, potentially taking a big lead in the AI space. Given that it already has search, data and much of the world’s email, it could soon be in a dominant position.We may have just got a sense of what that could look like for the rest of the world. Google today revealed a feature that lets…
The US Dollar (USD) managed to regain fresh upside impulse on Monday, rebounding from recent multi-day lows as market participants continued to gauge upcoming US data releases and the likelihood of further rate cuts by the Federal Reserve.Here’s what to watch on Tuesday, November 18:The US Dollar Index (DXY) added to Friday’s marginal gains, advancing modestly and flirtign with three-day highs around the 99.50 region. The ADP Employment Change Weekly is due, seconded by Factory Orders, the NAHB Housing Market Index and the API’s weekly report on US crude oil inventories. In addition, the Fed’s Logan and Barr are due…