Forex News - TradeCenterFX

Goldman Sachs sees Brent price upside risks in short term, medium-term skewed to downside

Goldman Sachs: Sees upside risks to Brent prices in short term, with Brent rising to mid-$80s in 2025H1 if Iran supply drops 1mb/d on tighter sanctions enforcement Sees medium-term price risks skewed to the downside given high spare capacity Estimates that Brent drops to the low $60s in 2026 in a 10% across-the-board tariff scenario or if OPEC supply rises through 2025 This article was written by Eamonn Sheridan at www.forexlive.com.

Thu, 21 Nov 2024 22:04:55 -0500

Dollar rebound and persistent outflows to keep rupee under pressure

The Indian rupee is expected to stay on the back foot on Friday, pressured by a rebound in the dollar amid uncertainty about the pace of rate cuts in the United States, while persistent portfolio outflows also remain a worry for the local currency.

Thu, 21 Nov 2024 21:50:08 -0500

Australian Dollar extends gains despite mixed PMI

The Australian Dollar (AUD) continues to strengthen against the US Dollar (USD) following the release of mixed Judo Bank Purchasing Managers' Index (PMI) data from Australia on Friday. The AUD also benefits from a hawkish outlook by the Reserve Bank of Australia (RBA) regarding future interest rate decisions.

Thu, 21 Nov 2024 21:29:34 -0500

Japanese Yen fails to build on stronger CPI-led intraday uptick against USD

The Japanese Yen (JPY) attracted some follow-through buying for the second successive day following the release of slightly higher-than-expected consumer inflation figures from Japan. This comes on top of Thursday's hawkish remarks from BoJ Governor Kazuo Ueda, which keeps expectations for a December interest rate hike in play.

Thu, 21 Nov 2024 21:27:05 -0500

How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever awarded: an agreement to supply 8 gigawatts of electricity to a state-owned power company.

Thu, 21 Nov 2024 20:44:45 -0500

WTI recovers above $70.00 as Russia-Ukraine war escalates

Thu, 21 Nov 2024 20:39:57 -0500

Dollar hugs 13-month peak as market awaits next Fed cue

The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level.

Thu, 21 Nov 2024 20:35:12 -0500

Japan PM Ishiba prepares $90 billion stimulus package to boost economy further

Japan is preparing a fresh stimulus package valued at 13.9 trillion yen ($89.7 billion), aiming to mitigate the financial strain on households caused by rising prices, per Reuters. This new stimulus package will surpass last year's 13.2 trillion yen plan as the country's debt now exceeds twice the size of its economy.

Thu, 21 Nov 2024 19:52:20 -0500

Singapore official says trade tariffs could renew inflationary pressures, disrupt easing

In the wake of the figures the Ministry of Trade and Industry upgraded Singapore's 2024 GDP growth forecast to around 3.5% from 2.0%-3.0% previously.

Thu, 21 Nov 2024 19:51:50 -0500

Japan preliminary November manufacturing PMI 49.0 (prior 49.2)

Flash PMI from Japan - manufacturing November 2024 Jibun Bank / S&P Global more to come This article was written by Eamonn Sheridan at www.forexlive.com.

Thu, 21 Nov 2024 19:34:19 -0500

Japan Jibun Bank Services PMI: 50.2 (November) vs 49.7

Thu, 21 Nov 2024 19:30:52 -0500

Japan Jibun Bank Manufacturing PMI below forecasts (49.5) in November: Actual (49)

Thu, 21 Nov 2024 19:30:01 -0500

Japan PM Ishiba says stimulus package will be around 39 trln yen

Japan PM Ishiba says stimulus package will be around 39 trln yen more to come This article was written by Eamonn Sheridan at www.forexlive.com.

Thu, 21 Nov 2024 19:13:40 -0500

Japanese Yen and Australian Dollar News: Japan Inflation Fuels BoJ Rate Hike Bets

Japan's inflation stays above BoJ's 2% goal, fueling rate hike expectations as services PMI data looms. USD/JPY nears critical levels amid volatile sentiment.

Thu, 21 Nov 2024 19:07:23 -0500

UK consumers cheer up a bit as budget nerves lift, GfK survey shows

British consumers have turned less pessimistic following the government's first budget and the U.S. presidential election and they are showing more appetite for spending in the run-up to Christmas, according to a survey published on Friday.

Thu, 21 Nov 2024 19:07:04 -0500

Singapore Q3 GDP +5.4% y/y (expected +4.6%, preliminary 4.1%)

Singapore Q3 GDP more to come This article was written by Eamonn Sheridan at www.forexlive.com.

Thu, 21 Nov 2024 19:01:19 -0500

United Kingdom GfK Consumer Confidence came in at -18, above expectations (-22) in November

Thu, 21 Nov 2024 19:01:01 -0500

Japan National CPI ex Food, Energy (YoY) up to 2.3% in October from previous 2.1%

Thu, 21 Nov 2024 18:41:47 -0500

Japan's National CPI rises 2.3% YoY in October, Core CPI rises more than expected

Japan's National Consumer Price Index (CPI) rose 2.3% YoY in October, compared to the previous reading of 2.5%, according to the latest data released by the Japan Statistics Bureau on Friday, Further details unveil that the National CPI ex Fresh food arrived at 2.3% YoY in October versus 2.4% prior. The figure was above the market consensus of 2.2%.

Thu, 21 Nov 2024 18:34:00 -0500

Japan October headline CPI +2.3% (expected +2.2%, prior 2.5%)

Japan inflation data October 2024 more to come This article was written by Eamonn Sheridan at www.forexlive.com.

Thu, 21 Nov 2024 18:31:45 -0500