USD/JPY jumps higher to near 155.50 as US Dollar outperforms, BoJ decision eyed
The USD/JPY pair gains 0.55% and jumps higher to near 155.50 during the European trading session on Wednesday. The pair strengthens as the US Dollar (USD) outperforms its peers, following the release of the United States (US) Nonfarm Payrolls (NFP) report for October and November.
Global central banks in focus this week – BNP PARIBAS
As the Fed steps back after its December rate cut, attention turns to the Bank of England (BoE), European Central Bank (ECB), and Bank of Japan (BoJ) this week, with expectations for a BoE rate cut, a steady ECB, and a gradual BoJ hike amid resilient global growth and cautious central bank policy, B
US: Labour market weakness to keep the Fed cutting – ABN AMRO
After a long drought of data, the labour market report hit hard. October payrolls fell by 105k, while November payrolls increased by 64k. Combined with a small rise in the participation rate, this led to the unemployment rate rising to 4.6%, from a high 4.4% in September.
DXY: US jobs data confirms downside risks – ING
Combined October and November US jobs data reinforced downside risks to the labor market, with unemployment rising to 4.6%, while markets now await Fed’s Christopher Waller’s speech for further clues ahead of Thursday’s ECB meeting, ING’s FX analyst Chris Turner notes.
Sterling crumbles ahead of BoE decision
The British Pound abruptly reversed course and snapped weekly gains earlier today, after the latest CPI print from the UK for the month of November showcased a larger than expected cooldown. Headline inflation undershot, not only markets’ 3.5% expectation but also the BoE’s respective 3.4% forecast and settled at the 3.2% level. Inflation in the […]
USD softens after payrolls – OCBC
US Dollar (USD) eased around the November payrolls report, which highlighted ongoing labor market weakness but lacked the severity to shift rate cut expectations, keeping the Fed’s easing bias intact ahead of Thursday’s CPI release.
Eurozone Labor Cost Index came in at 3.3% below forecasts (3.5%) in 3Q
Eurozone Labor Cost Index came in at 3.3% below forecasts (3.5%) in 3Q
Eurozone Core Harmonized Index of Consumer Prices (MoM): -0.5% (November)
Eurozone Core Harmonized Index of Consumer Prices (MoM): -0.5% (November)
Eurozone Harmonized Index of Consumer Prices (YoY) came in at 2.1% below forecasts (2.2%) in November
Eurozone Harmonized Index of Consumer Prices (YoY) came in at 2.1% below forecasts (2.2%) in November
Eurozone Core Harmonized Index of Consumer Prices (YoY) meets expectations (2.4%) in November
Eurozone Core Harmonized Index of Consumer Prices (YoY) meets expectations (2.4%) in November
Eurozone Harmonized Index of Consumer Prices (MoM) meets forecasts (-0.3%) in November
Eurozone Harmonized Index of Consumer Prices (MoM) meets forecasts (-0.3%) in November
HUF: Hungary Central Bank turns dovish – ING
Hungary’s central bank kept rates unchanged but struck a notably dovish tone, opening the door to rate cuts and pushing markets to price in deeper easing, with EUR/HUF facing renewed upside pressure, ING’s FX analyst Frantisek Taborsky notes.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $65.76 per troy ounce, up 3.29% from the $63.67 it cost on Tuesday.
United Kingdom DCLG House Price Index (YoY) came in at 1.7%, below expectations (2.4%) in October
United Kingdom DCLG House Price Index (YoY) came in at 1.7%, below expectations (2.4%) in October
European Gas prices extend losses – ING
European Gas prices remain under pressure as mild weather weighs on demand, but below-average EU storage levels and a heavily short-positioned market could provide support if colder conditions materialize later this month, ING’s commodity experts Ewa Manthey and Warren Patterson note.
NZD/USD Price Forecast: Remains in corrective phase ahead of NZ Q3 GDP data
The NZD/USD pair trades 0.15% lower to near 0.5775 during the European trading session on Wednesday. The Kiwi pair is under pressure as the US Dollar (USD) recovers sharply, following the release of the United States (US) Nonfarm Payrolls (NFP) data for October and November.
Germany IFO – Expectations came in at 89.7, below expectations (90.5) in December
Germany IFO – Expectations came in at 89.7, below expectations (90.5) in December
Germany IFO – Business Climate registered at 87.6, below expectations (88.2) in December
Germany IFO – Business Climate registered at 87.6, below expectations (88.2) in December
USD/CAD Price Forecast: Tests upper descending wedge boundary near 1.3800
USD/CAD gains ground after registering modest losses in the previous session, trading around 1.3780 during the European hours on Wednesday. The daily chart suggests a potential upside breakout, with falling, converging trendlines forming a bullish descending wedge pattern.
Germany IFO – Current Assessment below forecasts (85.7) in December: Actual (85.6)
Germany IFO – Current Assessment below forecasts (85.7) in December: Actual (85.6)