Forex News - TradeCenterFX

Japan National Consumer Price Index (YoY): 2.3% (October) vs previous 2.5%

Thu, 21 Nov 2024 18:30:53 -0500

Japan National CPI ex Fresh Food (YoY) came in at 2.3%, above expectations (2.2%) in October

Thu, 21 Nov 2024 18:30:03 -0500

Australia's Judo Bank Manufacturing PMI improves to 49.4 in November, Services PMI eases to 49.6

The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) improved to 49.4 in November from 47.3 in October, the latest data published by Judo Bank and S&P Global showed on Friday. The Judo Bank Australian Services PMI eased to 49.6 in November from the previous reading of 51.0, while the Composite PMI declined to 49.4 in November versus 50.2 prior.

Thu, 21 Nov 2024 18:20:40 -0500

Brazil to freeze $860 mln in 2024 spending, nears fiscal package announcement

Brazil's Finance Minister said on Thursday that government will freeze $860 million in 2024 spending and maintain its yearly primary deficit goal, adding that a fiscal package with budget cuts for the next years could be announced as soon as Monday.

Thu, 21 Nov 2024 18:17:21 -0500

UBS published their highest conviction investment ideas for next year - falling USD is one

Prepare Portfolios for Lower Rates, AI Boom, and Select Opportunities UBS is advising investors to align their strategies with expectations of falling interest rates, emerging investment opportunities in AI, and promising sectors such as real estate and resources. Rate Cuts on the Horizon UBS predicts major central banks will lower interest rates as inflation normalizes and labor markets cool.

Thu, 21 Nov 2024 18:16:47 -0500

'Bribe notes' with per megawatt rates: filings detail Sagar Adani's role in Indian scandal

A U.S. indictment of top executives of India's Adani Group has put a spotlight on Sagar Adani, a millennial scion of the company who kept track of hundreds of millions of dollars of alleged bribes to Indian officials on his mobile phone, court filings show.

Thu, 21 Nov 2024 18:10:56 -0500

Corporate China seeks dollars as trade tensions rise

Chinese firms are squirreling away even more dollars, pricing contracts in yuan and opening import lines to mitigate currency risks as trade tensions threaten to roil foreign exchange rates.

Thu, 21 Nov 2024 18:06:43 -0500

Australian economy - household income has collapsed back to 2009 levels

This is via Roger Wilkins, an economist at The University of Melbourne. A bleak picture indeed.

Thu, 21 Nov 2024 18:00:35 -0500

Australia Judo Bank Manufacturing PMI: 49.4 (November) vs 47.3

Thu, 21 Nov 2024 17:05:24 -0500

Canadian Dollar struggles to hold onto gains

The Canadian Dollar (CAD) drove into near-term highs early on Thursday before running out of gas and settling close to the day's opening bids. A fresh acceleration in Canadian manufacturing inflation will add further pressure to the Bank of Canada (BoC) in the face of its acceleration of rate cuts throughout 2024, but immediate market reaction was limited.

Thu, 21 Nov 2024 17:04:54 -0500

Australia preliminary manufacturing PMI November 49.4 (October was 47.3)

Mixed bag, up for manufacturing (6 month-high) and down for services (10 month-low). Overall negative though with all three in contraction (with the caveat that these are preliminary readings only).

Thu, 21 Nov 2024 17:02:16 -0500

Australia Judo Bank Services PMI declined to 49.6 in November from previous 51

Thu, 21 Nov 2024 17:01:57 -0500

Australia Judo Bank Composite PMI dipped from previous 50.2 to 49.4 in November

Thu, 21 Nov 2024 17:01:44 -0500

ASIA Resilience is the name of the game, Japan CPI eyed

A look at the day ahead in Asian markets.

Thu, 21 Nov 2024 16:52:22 -0500

Crude Oil Price Forecast: Crude Oil Continued to Creep Higher Within Consolidation

Crude oil rallies from a recent low, testing a resistance zone, with potential for either a breakout or a bearish pullback in the near term.

Thu, 21 Nov 2024 16:50:24 -0500

Natural Gas Price Forecast: Bull Breakout Stalls at Resistance Zone

Natural gas continues its breakout rally, reclaiming key swing highs, with targets pointing to $3.64 and beyond as the uptrend gains momentum.

Thu, 21 Nov 2024 16:37:50 -0500

Australian Dollar steady as markets asses minor US data

The AUD/USD regained positive traction on Thursday following the overnight pullback from a one-week top. A softer US Dollar and a positive risk tone benefited the Aussie, as well as the Reserve Bank of Australia's (RBA) hawkish stance.

Thu, 21 Nov 2024 16:09:32 -0500

Economic calendar in Asia - Japan CPI day

The Bank of Japan next meet on December 18-19. Today's CPI data from Japan is the final national reading ahead of that meeting.

Thu, 21 Nov 2024 16:05:53 -0500

Reuters poll: RBNZ to cut cash rate to 4.25% on November 27

A Reuters poll is showing: RBNZ is to cut cash rate to 4.25% on November 27. The current rate is at 4.75%.

Thu, 21 Nov 2024 15:08:34 -0500

Crude oil settles at $70.10

The price of crude oil is settling up $1.35 or 1.96% and $70.10. The high price today reached $70.38 while the low price was at $68.86.

Thu, 21 Nov 2024 14:56:07 -0500