Forex News

Mexico Private Spending (YoY): 3.6% (1Q) vs previous 5.1%

Mexico Private Spending (YoY): 3.6% (1Q) vs previous 5.1%

Tue, 18 Jun 2024 08:00:39 -0400

Mexico Private Spending (QoQ) up to 1.5% in 1Q from previous 0.9%

Mexico Private Spending (QoQ) up to 1.5% in 1Q from previous 0.9%

Tue, 18 Jun 2024 08:00:38 -0400

RBA Readiness to Hike Positive for AUD

The Reserve Bank of Australia kept its key rate at a 12-year high of 4.35%. The market widely expected the decision, so it did not cause a spike in volatility.

Tue, 18 Jun 2024 07:50:11 -0400

US Dollar Index Outlook: Remains Constructive Ahead of Key Economic Data

The dollar index rose on Tuesday, keeping overall positive sentiment, driven by expectations for Fed rate cut in November and recent political turmoil in the Europe, which deflated Euro.

Tue, 18 Jun 2024 07:47:57 -0400

Asia And Europe Markets Advance, Crude Near $80 While Dollar Gains - Global Markets Today While US Slept

On Monday, June 17th, the U.S. stock markets finished strong, with the S&P 500 and Nasdaq achieving record highs. This was driven by a surge in technology stocks amid excitement over artificial intelligence.

Tue, 18 Jun 2024 07:35:07 -0400

US Dollar steadies ahead of Fedspeak, data-packed session

The US Dollar (USD) trades broadly steady on Tuesday, a big day in terms of US economic data and comments from Federal Reserve (Fed) policymakers ahead of the US  Juneteenth public holiday on Wednesday. Before enjoying a day off in the middle of the week, traders are starting to pull back their earlier bets favoring the Greenback against the Euro following the European bond market rout last week.

Tue, 18 Jun 2024 07:30:00 -0400

ECB to cut rates in Sept and Dec, risks skewed towards fewer cuts: Reuters poll

The European Central Bank will cut its deposit rate twice more this year, in September and December, according to a significant majority of economists polled by Reuters who said the risks were skewed towards fewer rate cuts than expected.

Tue, 18 Jun 2024 07:08:17 -0400

WTI holds gains near $80.00 on upbeat Oil demand outlook

West Texas Intermediate (WTI), futures on NYMEX, cling to gains near the psychological resistance of $80.00 in Tuesday's European session. The Oil price remains firm as investors expect a substantial growth in demand due to severe heatwaves in the Northern Hemisphere amid the summer vacation season.

Tue, 18 Jun 2024 06:45:51 -0400

Natural Gas extends retracement on easing tensions in Gaza

Natural Gas price (XNG/USD) trades broadly flat on Tuesday and holds above the $2.80 level while trying to avoid a five-day losing streak. The easing pressure over the energy commodity price comes after Israel Prime Minister Benjamin Netanyahu dismantled its war cabinet, and convoys with humanitarian aid were allowed into the Gaza region on Monday.

Tue, 18 Jun 2024 06:30:00 -0400

Global investors stayed optimistic in June, upped EU allocations

Global investors remained bullish in June, with cash allocations holding at three-year lows and equity allocations elevated, according to Bank of America's monthly fund manager survey published on Tuesday.

Tue, 18 Jun 2024 06:24:17 -0400

Fed officials in no rush to cut rates, looking for further progress in inflation

Federal Reserve (Fed) left the policy rate unchanged at 5.25%-5.5% following the June policy meeting, as expected. The revised Summary of Economic Projections (SEP), the so-called dot plot, showed that policymakers were divided over the near-term rate outlook.

Tue, 18 Jun 2024 06:07:35 -0400

Morning Bid: New highs as retail eyed, Europe calms

A look at the day ahead in U.S. and global markets from Mike Dolan

Tue, 18 Jun 2024 06:06:33 -0400

Crude Oil News Today: Bullish Traders Eye $80.11 as Breakout Trigger

Anticipated U.S. crude inventory drop, OPEC+ cuts, and rising summer demand point to a short-term bullish outlook for crude oil prices.

Tue, 18 Jun 2024 05:52:40 -0400

Pound dips as investors look to inflation data and rates decision

The pound slipped to trade around a one-month low against the dollar on Tuesday as investors waited for inflation figures on Wednesday and the Bank of England's interest rate decision the day after that.

Tue, 18 Jun 2024 05:51:18 -0400

Eurozone CPI finalized at 2.6% in May, core at 2.9%

Eurozone CPI was finalized at 2.6% yoy in May, up from April's 2.4% yoy. CPI core (ex energy, food, alcohol & tobacco) was finalized at 2.9% yoy, up from prior month's 2.7% yoy.

Tue, 18 Jun 2024 05:26:08 -0400

German ZEW ticks up to 47.5, sentiment and situation stagnate

German ZEW Economic Sentiment ticked up from 47.1 to 47.5 in June, below expectation of 50.0. Current Situation Index fell from -72.3 to -73.8, below expectation of -69.0.

Tue, 18 Jun 2024 05:21:48 -0400

German ZEW Economic Sentiment Index edges higher to 47.5 in June vs. 50.0 expected

The headline German ZEW Economic Sentiment Index edges a tad higher from 47.1 in May to 47.5 in June. The market consensus was for a 50.0 print.

Tue, 18 Jun 2024 05:02:57 -0400

Eurozone Harmonized Index of Consumer Prices (YoY) meets expectations (2.6%) in May

Eurozone Harmonized Index of Consumer Prices (YoY) meets expectations (2.6%) in May

Tue, 18 Jun 2024 05:01:35 -0400

Eurozone ZEW Survey – Economic Sentiment registered at 51.3 above expectations (47.8) in June

Eurozone ZEW Survey – Economic Sentiment registered at 51.3 above expectations (47.8) in June

Tue, 18 Jun 2024 05:01:14 -0400

Germany ZEW Survey – Current Situation registered at -73.8, below expectations (-65) in June

Germany ZEW Survey – Current Situation registered at -73.8, below expectations (-65) in June

Tue, 18 Jun 2024 05:01:05 -0400

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