Latest Forex, Commodities and Indices News
South Korean manufacturers’ business sentiment drops to weakest in over 2 years
SEOUL (Reuters) - South Korean manufacturers' business sentiment for February weakened to the worst level in over two years, a central bank survey showed on [more]
NZD/USD licks its wounds near 0.6500 despite upbeat New Zealand trade numbers, Fed, US NFP eyed
NZD/USD fades bounce off intraday low even as New Zealand trade numbers improved in December. New Zealand Trade Balance and Exports grew, Imports eased in [more]
GBP/USD Price Analysis: Finds resistance around 1.2400 amid Fed-BoE policy-inspired volatility
GBP/USD has dropped after facing barricades around 1.2400 despite the upbeat market mood. Volatility to remain squeezed ahead of the Fed-BoE interest rate policy. An [more]
Gold Price Forecast: XAU/USD bears await Federal Reserve decision, United States Non-farm Payrolls
Gold price stays depressed after probing five-week uptrend with bearish candlestick on weekly, support line break. Federal Reserve interest rate hikes in question as United [more]
WSJ reports ”Fed debates whether wages or low unemployment will drive inflation”
The Wall Street Journal has written in the weekend press that ''stubbornly high inflation is finally easing as supply chain disruptions fade and interest rates [more]
EUR/USD faces fragile barricades below 1.0900 ahead of German GDP data
EUR/USD is looking to extend gains beyond 1.0870 amid the risk-on market mood. A decline in the US core PCE price index has strengthened the [more]
PBoC to roll over lending tools to spur growth
Reuters reported that the People's Bank of China will roll over a lending tool for supporting carbon emission reduction to the end of 2024, The [more]
AUD/USD Price Analysis: Inside day Friday opens risk of a lower close on Monday, 0.7050 eyed
If Asia opens on the offer then a downside extension to test the previous day's lows near 0.7080 and then 0.7070 is eyed. There are [more]
Pre Monday Open: Battle of the titans
MXCN gained 3.3% in 2 trading days to start the Year of the Rabbit. A-shares resume trading this week. Early CNY data on mobility show [more]
Perspectives on Inflation: How goes the fight?
My first job as an economist was at the Board of Governors of the Federal Reserve System in Washington, where I served in the research [more]
Market insight for the week ending 3 february
It is all about the central banks this week; the blockbuster week welcomes the US Federal Reserve (Fed), the European Central Bank (ECB) and the [more]
Central bank fest as dollar continues its decline
The focus this week is the Federal Reserve meeting, the Bank of England rate decision and Monetary Policy Report and the ECB meeting. This troika [more]
Markets Week Ahead: US Dollar, Euro, British Pound, Gold, Dow Jones, Fed, ECB, BoE
Body: Global market sentiment continued improving this past week. On Wall Street, the Nasdaq 100, S&P 500 and Dow Jones gained 4.32%, 2.47%, and 1.81%, [more]
Adani’s $2.5 billion share sale faces crucial day after Indian rout
NEW DELHI (Reuters) - Gautam Adani faces a critical day on Monday with his flagship company's $2.5 billion share sale's second day of bidding overshadowed [more]
Nigeria’s Atiku joins calls to extend deadline on old banknotes
LAGOS (Reuters) - Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old [more]
Dollar Yen Forecast: USD/JPY Remains Conflicted Around 130.000
Dollar Yen Technical Outlook: Neutral USD/JPY trades in a narrow range around the 130.00 psychological handleDollar Yen builds in a zone of consolidation - is [more]
With tiny EV, City Transformer takes aim at Europe’s urban markets
By Nick Carey (Reuters) - Israeli electric vehicle (EV) startup City Transformer aims to launch production of its small urban CT-2 model in Western Europe [more]
Asteroid’s sudden flyby shows blind spot in planetary threat detection
By Joey Roulette WASHINGTON (Reuters) - The discovery of an asteroid the size of a small shipping truck mere days before it passed Earth on [more]
China’s 2022 smartphone shipments the lowest in 10 years – research firm
SHANGHAI (Reuters) - China's smartphone sales fell 13% year-on-year in 2022, the largest plunge for the sector in a decade as consumers spent cautiously, market [more]
House Speaker McCarthy will meet with Biden on debt ceiling, spending
WASHINGTON (Reuters) - U.S. House of Representatives Speaker Kevin McCarthy said on Sunday that he will meet with President Joe Biden on Wednesday to discuss [more]
Marketmind: Calm before the storm
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Read More
China central bank to roll over lending tools to spur growth
BEIJING (Reuters) - China's central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy. [more]
Government bears some blame for Grenfell fire, UK housing minister says
LONDON (Reuters) - The British government is partly to blame for the Grenfell fire which killed 72 people in 2017 as building regulations were deficient [more]
EUR/USD Bulls To Target a Return to $1.0950 on Q4 German GDP Stats
It is a busy day ahead for the EUR/USD. Today's stats could skew monetary policy divergence in favor of the ECB and bring $1.10 back [more]