Author: FX

The major assets took cues from their individual catalysts as traders priced in trade war concerns, increased oil demand projections, and at least one Fed rate cut this year. Wanna know how your closely watched assets traded in the last trading sessions? We have the deets! Headlines: Japan producer prices for January: 4.2% y/y (4.0% forecast, 3.9% previous) Australia Melbourne Institute inflation expectations accelerated from 4.0% to 4.6% in January RBNZ inflation expectations eased from 2.12% to 2.06% in Q4 2024 U.K. preliminary GDP for Q4 2024: 0.1% q/q (-0.1% forecast, 0.0% previous) NIESR: U.K. GDP estimate improved from 0.1%…

January’s U.S. PPI report came in hotter than expected, rising 0.4% month-over-month (vs. 0.3% forecast) after an upwardly revised 0.5% increase in December. On an annual basis, PPI maintained a 3.5% increase from a year ago when market players saw it inching lower to 3.4%. Link to the official U.S. PPI Report (January 2025) Notable components of the report included: Egg prices soared 44.0% amid an avian flu outbreak Diesel fuel prices jumped 10.4% Hotel and motel rates climbed 5.7% Securities brokerage services fell 2.2% Fresh and dry vegetable prices plunged 22.3% But several components tied to the U.S. core…

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.The previous close was 7.2899The PBOC has injected 98.5bn yuan in reverse repos via Open Market Operations7 days at an unchanged rate of 1.5%183.7bn yuan mature todaythe net impact is a drain of 85.2bn yuan Source link

Many traders struggle to find the right tools for forex trading. MetaTrader 4 is a top platform used by millions worldwide. This article will show how to master forex trading with the MetaTrader 4 forex platform. Get ready to boost your trading skills. Key Takeaways MetaTrader 4 offers 65+ built-in indicators, 9 timeframes, and 3 types of trade execution. MT4 provides access to over 1,700 trading robots and 2,100 technical indicators. Traders can use Expert Advisors to automate trading strategies 24/7. MT4 is available on desktop, web, and mobile platforms for flexible trading. The platform offers demo accounts for risk-free…

EUR/USD gained 0.7% on Thursday, bolstered by investor confidence. New tariff threats turn out to be more of the same: unclear and hypothetical. European data surprises nobody, US PPI inflation pressure eases slightly. EUR/USD caught a bid on Thursday, climbing seven-tenths of one percent and vaulting back over the 1.0400 handle. A general weakening in the Greenback bolstered Fiber flows off the back of not-as-bad-as-expected US Producer Price Index (PPI) inflation figures. Continued wavering by the Trump administration on ongoing tariff threats has investors assuming a trade war isn’t going to happen. Forex Today: Markets now look at tariffs and…

Brazil nixes BRICS currency, eyes less reliance on 'mighty' dollar Source link

The major stock indices are closing higher, with the NASDAQ index leading the way with a gain of 1.5%. Meta shares closed higher for the 19th consecutive day after trading down over seven dollars at session lows. Shares of Meta shares are up some 18.6% over the streak and over 24% for the year. If you think that is good, Applovin is closing up 24% on the day after announcing earnings after close yesterday. For the year, shares are up 45.65% after rising 712.62% last yearS&P index closed just three points short of its record high close of 6118.71. The…

The Dow Jones rose on Thursday, testing near 44,750. Equities are cautiously optimistic after PPI numbers softened inflation blow. Markets continue to shrug off US President Donald Trump’s tariff threats. The Dow Jones Industrial Average (DJIA) found some room on the high side on Thursday, rising around 350 points and testing the 44,750 level. Equities were jarred by some steep upside revisions in Producer Price Index (PPI) inflation figures, but the overall print hit a decidedly softer tone than this week’s Consumer Price Index (CPI) inflation figures. A spike in inflation fears has subsided, and rate markets are now pricing in revisions to…

Changelly, an instant cryptocurrency exchange platform, marks two major milestones: expanding its cryptocurrency support to 1,000 coins across 185 blockchain networks. To celebrate these achievements, the platform is launching a Valentine’s-themed promo campaign offering zero-fee trades and a chance to win 1,000 USDT.40% Growth in Crypto Assets CoverageThis growth in supported assets provides millions of Changelly’s users across all platforms with more options to exchange and buy cryptocurrencies. Changelly supports established coins and emerging digital assets across an expanded network of blockchain protocols to serve crypto enthusiasts with diverse portfolio needs.”We’re thrilled to announce this remarkable expansion in our supported…

UK GDP surprises with 0.1% growth, defying recession fears. US PPI inflation exceeds expectations, reinforcing Fed’s cautious stance on rate cuts. GBP/USD holds gains, but technical outlook still favors downside below 1.2473. The Pound Sterling registered solid gains versus the Greenback on Thursday after GDP figures in the UK surprisingly beat estimates. Meanwhile, inflation in the US rose, and US job data shows that the labor market remains strong. The GBP/USD trades at 1.2510, up 0.53%. Sterling gains but BoE’s and Fed divergence caps upside potential Data saved the British Pound after the Q4 2024 preliminary reading showed the economy…