Forex News - TradeCenterFX

Sterling and Gilts Pressed Lower by Firmer CPI

Overview: US dollar and rates are firmer today. All the G10 currencies are lower, led by the Japanese yen.

Wed, 20 Nov 2024 06:10:00 -0500

South Africa Retail Sales (YoY) dipped from previous 3.2% to 0.9% in September

Wed, 20 Nov 2024 06:00:37 -0500

Oil News: Will Crude Break $70.72 as Geopolitical Risks Intensify?

Oil prices rise on geopolitical risks and technical support. Traders eye $70.72 resistance for signs of a potential breakout toward $73.07.

Wed, 20 Nov 2024 05:58:15 -0500

Mexican Peso trades mixed as markets absorb heightened geopolitical risk

The Mexican Peso (MXN) whipsaws between tepid gains and losses in its key pairs – USD/MXN, EUR/MXN and GBP/MXN – during the European session on Wednesday. A sudden ramping up of geopolitical uncertainty is causing ripples in global financial markets, and idiosyncratic factors are also an ingredient to the mix.

Wed, 20 Nov 2024 05:41:31 -0500

Germany 30-y Bond Auction rose from previous 2.49% to 2.55%

Wed, 20 Nov 2024 05:38:05 -0500

Eurozone negotiated wage growth seen accelerating in Q3

That's a bit problematic for the ECB as pay growth is seen accelerating once again. That is unlikely to put off a December rate cut though as the wages data here hasn't really translated to any significant reacceleration in consumer prices.

Wed, 20 Nov 2024 05:13:54 -0500

UK CPI Inflation Increased by 2.3% in October

UK CPI inflation jumped in October, though markets remain largely muted.

Wed, 20 Nov 2024 05:01:59 -0500

ECB: Euro area's negotiated wages rise by 5.42% YoY in Q3 2024 vs. 3.53% in Q2

On Wednesday, the European Central Bank (ECB) released its indicator of the Euro area's negotiated wages data for the third quarter of 2024.

Wed, 20 Nov 2024 05:01:00 -0500

Eurozone Construction Output w.d.a (YoY) climbed from previous -2.5% to -1.6% in September

Wed, 20 Nov 2024 05:00:48 -0500

Eurozone Construction Output s.a (MoM) down to -0.1% in September from previous 0.1%

Wed, 20 Nov 2024 05:00:16 -0500

CAD: Slightly higher inflation, but no cause for concern – Commerzbank

Canadian inflation figures for October, published yesterday, were slightly higher than expected. At a seasonally adjusted 0.3 percent, the month-on-month rate was at the upper end of the range in which inflation has fluctuated over the past 14 months, Commerzbank's FX analyst Michael Pfister notes.

Wed, 20 Nov 2024 05:00:00 -0500

Fed policymakers speak on outlook after Chairman Powell sets the tone

Federal Reserve (Fed) Chairman Jerome Powell said in prepared remarks delivered at a Dallas event on November 14 that they don't need to be in a hurry to lower interest rates, citing ongoing economic growth, a solid job market and inflation that remains above the 2% target.

Wed, 20 Nov 2024 04:40:45 -0500

Dollar holds firmer in European morning trade

After a bit of a pause in the last few days, the dollar is starting to flex its muscles once again. The greenback is sitting atop the major currencies bloc, now extending gains across the board on the day.

Wed, 20 Nov 2024 04:36:37 -0500

ECB Financial Stability Review: Economic growth remains fragile

In its semi-annual Financial Stability Review published on Wednesday, the European Central Bank (ECB) warned that “economic growth remains fragile.”

Wed, 20 Nov 2024 04:36:18 -0500

United Kingdom DCLG House Price Index (YoY) meets expectations (2.9%) in September

Wed, 20 Nov 2024 04:30:31 -0500

Economists see Trump tariffs to cut China GDP by around 0.5% to 0.9% next year

On the final point, roughly 83% of economists are of the view that China's recent fiscal and monetary stimulus measures have had "very little impact on the economy". That goes to show the sort of disappointment from the hype from the announcements leading up to the Golden Week, before the lack of follow through.

Wed, 20 Nov 2024 04:19:45 -0500

Greece Current Account (YoY) dipped from previous €0.651B to €-0.316B in September

Wed, 20 Nov 2024 04:00:27 -0500

Pound Sterling Jumps, Latest Inflation Data Rules Out December BoE Rate Cut

Slightly stronger-than-expected inflation data triggered a spike higher in the Pound on Wednesday. The Pound to Dollar (GBP/USD) exchange rate traded at 1.2710 from 1.2685 in an immediate reaction with the Pound to Euro (GBP/EUR) exchange rate also jumped to 1.2000 from 1.1980.

Wed, 20 Nov 2024 04:00:00 -0500

GBP: Inflation data confirms December cut unlikely – ING

GBP/USD has broken past the 1.270 level this morning after a slightly hotter-than-expected UK CPI print for October, ING's FX analyst Francesco Pesole notes.

Wed, 20 Nov 2024 03:37:00 -0500

S&P BSE Sensex (India) Elliott Wave technical analysis [Video]

S&P BSE Sensex (India) Elliott Wave Analysis - Trading Lounge Day Chart

Wed, 20 Nov 2024 03:30:00 -0500