Author: FX
Geopolitical risk dominated market narratives on Thursday as escalating US-Iran tensions drove oil prices sharply higher and weighed on equity sentiment, though better-than-expected US labor market data and upbeat manufacturing figures provided some counterbalance to concerns about a potential Middle East conflict. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Japan Machinery Orders for December 2025: 19.1% m/m (8.5% m/m forecast; -11.0% m/m previous); 16.8% y/y (2.0% y/y forecast; -6.4% y/y previous) Australia Employment Change for January 2026: 17.8k (25.0k forecast; 65.2k previous) Australia Unemployment Rate…
Everyone and his momma knew the Reserve Bank of New Zealand (RBNZ) was going to hold rates steady this month, so why did the Kiwi drop sharply even when the central bank did as expected? What can be sneaky about rate decisions is that sometimes it’s less about what policymakers announce, but more of how they say it. The RBNZ’s February 2026 Monetary Policy Statement was a masterclass in this. A decision that looked uneventful on the surface but still sent NZD/USD tumbling more than 1% in a single session. Here’s everything beginner traders need to understand about what happened,…
Canadian Tire reported Q4 numbers today and the read-through on the Canadian consumer is clear: they’re still spending and there are no indications of weakness.Comp sales came in at +4.2% across all banners, with SportChek ripping at +9.5% and Mark’s up 7.2%. Normalized EPS jumped 38% to $4.47. What’s interesting from the call this morning is what CEO Greg Hicks said about spending patterns across income cohorts. The company’s internal data shows spend increases across all income levels and debt burdens. The biggest increase in Q4 actually came from the most debt-burdened households — which is either a sign of…
The retail giant’s Q4 results offer a window into consumer spending—and some surprising insights about who’s shopping where If you want to know how the American consumer is really doing, forget the economic reports for a moment. Just watch Walmart. On Thursday morning, the world’s largest retailer reported its fourth-quarter earnings, and the numbers tell a fascinating story about the state of the economy—one that matters whether you’re trading currencies, stocks, or just trying to understand market sentiment. The Headlines: Walmart Crushes Expectations Walmart reported adjusted earnings per share of 74 cents, beating Wall Street’s expectations of 73 cents, with…
The Dow Jones Industrial Average (DJIA) slid nearly 300 points, or 0.59%, pulling back to 49,351 on Thursday as a confluence of geopolitical risk, hawkish Federal Reserve (Fed) signaling, and disappointing corporate guidance weighed on sentiment. The S&P 500 (SP500) fell 0.3% while the Nasdaq Composite dipped 0.2%. Thursday’s losses gave back a chunk of Wednesday’s gains, which had been driven by a broad rally in Magnificent Seven tech names and strength in financials and energy. The DJIA is holding well above its 50-day Exponential Moving Average (EMA) near 48,944, but is pulling further away from record highs above 50,500…
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The Pound Sterling (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Thursday. The GBP/USD pair posts a fresh almost four-week low at around 1.3470 during European trading hours after Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann praised soft United Kingdom (UK) Consumer Price Index (CPI) data for January. Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the Japanese Yen. USDEURGBPJPYCADAUDNZDCHFUSD0.03%0.24%-0.12%-0.05%-0.04%-0.06%0.13%EUR-0.03%0.21%-0.16%-0.10%-0.06%-0.09%0.11%GBP-0.24%-0.21%-0.37%-0.29%-0.27%-0.30%-0.11%JPY0.12%0.16%0.37%0.06%0.08%0.03%0.24%CAD0.05%0.10%0.29%-0.06%0.02%-0.02%0.18%AUD0.04%0.06%0.27%-0.08%-0.02%-0.03%0.17%NZD0.06%0.09%0.30%-0.03%0.02%0.03%0.19%CHF-0.13%-0.11%0.11%-0.24%-0.18%-0.17%-0.19% The heat map shows percentage changes of major currencies against…
Hanzawa says that: “There is a reasonable possibility that the BOJ will raise interest rates as early as in March or April.”For now, markets are not really expecting one to come next month at least. That as the Japanese central bank will still have to wait on how the spring wage negotiations play out. The next policy meeting will take place on 19 March, and traders are pricing in ~89% of no change to interest rates.As for the 28 April meeting, the odds of that are skewed to the other side. Traders are instead pricing in a ~64% probability of…
The EUR/GBP cross gains momentum near 0.8745 during the early European trading hours on Thursday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid weak economic data from the United Kingdom (UK). The UK Retail Sales and preliminary reading of the Eurozone Gross Domestic Product (GDP) will be in the spotlight later on Friday. The cooling labor market data and signs of softer inflation in the UK may prompt the Bank of England (BoE) to consider further interest rate cuts later this year, even though it held the rate at 3.75% in its February policy meeting.The UK Consumer Price Index (CPI) rose 3.0% YoY in…
Airbus softens output goal amid Pratt & Whitney engine delays Source link