The Bank Of England Preview The Bank of England has a decision to make tomorrow. It is not “to hike or not to hie”. It is to hike by 25 or 50bps, that’s the question. As well as the rate
Currency Pair of the Week: EUR/USD The pair started on a positive note thanks for Spain’s Harmonized CPI, which came in at +5.8 YoY vs 4.7% YoY expected and +5.5% YoY last. Today, Markets will get a look at CPI
Upcoming Market Updates: EUR, CNY EUR: Spanish Flash CPI y/y, it measures Change in the price of goods and services purchased by consumers. CNY: CB Leading Index m/m, it measures Change in the level of a composite index based on
USD/JPY expected slide Last year was tough for Japanese yen. USD/JPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of
Upcoming Market Updates: JPY, EUR, GBP, USD, NZD, AUD JPY: Tokyo Core CPI y/y, it measures Change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food. NZD: TANZ Business Confidence, it measures Level of
Upcoming Market Updates: JPY, EUR, GBP, USD JPY: BOJ Summary of Opinions, It’s the primary tool the BOJ uses to communicate their economic and monetary projections to investors. JPY: SPPI y/y, it measures Change in the price of services purchased
Gold Steady and Dollar Undermined: After silver’s big plunge on Monday, both precious metals have managed to steady the ship, suggesting the move at the start of the week was probably a bear trap. The US Dollar has come
Australia CPI: Headline CPI 1.9%qtr/7.8%yr; Trimmed Mean 1.7%qtr6.9%yr; Weighted Median 1.6%qtr5.8%yr. Hospitality services most important factor in the upside surprise in the December quarter but with the Trimmed Mean coming in broadly as expected this suggests the pace of core
Upcoming Market Updates: AUD: MI Leading Index m/m, it measures Change in the level of a composite index based on 9 economic indicators. AUD: CPI q/q, it measures Change in the price of goods and services purchased by consumers. AUD:
Upcoming Market Updates: AUD, JPY, CHF, EUR, GBP, USD, CHF, NZD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a
25bp Hike from Bank Of Canada expected The Bank of Canada are expected to hike interest rates by 25bp tomorrow according to market pricing and economists. The hike would see their benchmark rate rise to 4.5% – its highest level
Upcoming Market Updates: JPY: Bank Lending y/y, it measures Change in the total value of outstanding bank loans issued to consumers and businesses. JPY: Current Account, it measures Difference in value between imported and exported goods, services, income flows, and
GBP/USD: Pound Counts on the Best. As in the US, retail sales in the UK also went down. They fell -1.0% in December, which is significantly lower than the forecast +0.5%. Analysts note that real spending in the country was
Australian Dollar Bright Start in 2023 The Australia dollar has started 2023 strongly, rising above 70 cents to highs since August. A softer USD and improved China sentiment have been key. This week’s highlights include Australia’s jobs data, the Bank
GBP/USD Drifting: The British Pound Is Drifting The British Pound is drifting for a third day straight. In the European session, GBP/USD is trading at 1.2161, down 0.09%. We could see stronger volatility from the pound before the weekend, with
US CPI Preview:- Will lower inflation data cause the Fed to pause In general, inflation has been slowing over the last few months. Tomorrow, markets will get a look at December’s CPI print. Expectations are that the headline print will
Gold & silver Struggle Despite Weak US dollar Gold came off its earlier highs while silver turned a touch lower in what has been a quietish day. The US dollar fell further lower, extending it sharp losses from Friday when
Decent US Data ahead of Payrolls | Xtreamforex Today brings this week’s most important data releases both from the Euro area and the US. In Euro area, flash inflation print for December will be released. Individual country data released thus
