Forex News - TradeCenterFX

SNB board member says inflation is within target range

Swiss National Bank governing board member Petra Tschudin said on Thursday that inflation was comfortably within the range it hoped to see.

Thu, 21 Nov 2024 14:53:13 -0500

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Test Weekly Highs

Oil prices continue to rebound from November lows.

Thu, 21 Nov 2024 14:05:41 -0500

US Dollar softens after mixed data, dovish Fed comments

In Thursday's session, the US Dollar Index (DXY) flattens after Fed's Williams indicated a potential cooling of inflation and a subsequent decline in interest rates. On the data front, the data for Jobless Claims came in below expectations, while Manufacturing data raised concerns among investors.

Thu, 21 Nov 2024 13:34:07 -0500

Fed's Goolsbee: It may make sense to slow pace of Fed rate cuts

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit newswires on Thursday, commenting on the future pace of Fed rate cuts in the face of inflation that is ostensibly on its way to the Fed's 2% target.

Thu, 21 Nov 2024 12:39:00 -0500

Mexican Peso weakens on mixed Retail Sales data, geopolitics jitters

The Mexican Peso depreciated against the US Dollar on Thursday due to risk aversion as the Russia-Ukraine conflict escalates. Also,a soft Mexican Retail Sales report and solid US jobs data weighed on the emerging market currency, which is down 1.86% in the month.

Thu, 21 Nov 2024 12:29:54 -0500

Major European indices close higher on the day

Major European indices are closing higher on the day. The gains are led by the German DAX which rose by 0.75% and snapped a four day losing streak.

Thu, 21 Nov 2024 11:49:43 -0500

United States 4-Week Bill Auction: 4.53% vs 4.51%

Thu, 21 Nov 2024 11:33:29 -0500

United States Kansas Fed Manufacturing Activity declined to -4 in November from previous 0

Thu, 21 Nov 2024 11:00:48 -0500

United States EIA Natural Gas Storage Change fell from previous 42B to -3B in November 15

Thu, 21 Nov 2024 10:30:02 -0500

Eurozone Consumer Confidence meets forecasts (-12.4) in November

Thu, 21 Nov 2024 10:02:34 -0500

US existing home sales for October 3.96M versus 3.93M

Prior month 3.84M annualized rate revised to 3.83M Existing home sales percentage change +3.4% versus -1.3% last month (revisor -1.0% This article was written by Greg Michalowski at www.forexlive.com.

Thu, 21 Nov 2024 10:00:21 -0500

United States Existing Home Sales Change (MoM) rose from previous -1% to 3.4% in October

Thu, 21 Nov 2024 10:00:03 -0500

United States Existing Home Sales (MoM) above expectations (3.93M) in October: Actual (3.96M)

Thu, 21 Nov 2024 10:00:02 -0500

Natural Gas Price Outlook – Natural Gas Continues to See Buyers

The natural gas market continues to see a lot of buying at this point in time, as the market is trying to bring into the price the idea of colder temperatures in the US. There is also the possibility that the war in Ukraine has a bit of an effect

Thu, 21 Nov 2024 09:40:47 -0500

Crude Oil Price Outlook – Crude Oil Continues to See Bounce

The crude oil markets continue to see a bit of positivity, as the market has bounced from a low level, which has been the bottom of the last couple of years. With this, the markets continue to see a lot of concerns around the world as far as demand, and

Thu, 21 Nov 2024 09:35:35 -0500

Yen Rebounds on Ueda's Openness; Euro Starting to Break Down

Yen rebounded broadly today as market participants interpreted comments from BoJ Governor Kazuo Ueda as a potential signal for a rate hike in December. Ueda noted that there is still a month before the next policy meeting and that the central bank will have a substantial amount of data to consider by then.

Thu, 21 Nov 2024 09:15:40 -0500

Yen Jumps as BoJ's Ueda Hints at Rate Hike

Bank of Japan Governor Ueda's remarks are always closely monitored and often move the financial markets. That was the case today as the yen has posted sharp gains after Ueda's comments at an event in Tokyo today.

Thu, 21 Nov 2024 08:43:39 -0500

Natural Gas News: Colder Weather Spurs Rally in Futures; Traders Eye EIA Data

Colder weather boosts natural gas futures, breaking $3.335 resistance. Traders eye the EIA report for market direction as LNG demand reshapes 2025 outlook.

Thu, 21 Nov 2024 08:43:13 -0500

US: Initial Jobless Claims increased to 213K last week

US citizens filing new applications for unemployment insurance rose to 213K for the week ending November 15, as reported by the US Department of Labor (DoL) on Thursday. This print came in above initial estimates (220K) and was lower than the previous week's tally of 219K (revised from 217K).

Thu, 21 Nov 2024 08:40:49 -0500

US initial jobless claims falls to 213k, vs exp 220k

US initial jobless claims fell -6k to 213k in the week ending November 16, below expectation of 220k. Four-week moving average of initial claims fell -4k to 218k.

Thu, 21 Nov 2024 08:38:27 -0500