USD/JPY falls sharply as U.S. consumer inflation data shows slowing core inflation. Bank of Japan Governor’s hawkish comments lift Yen; U.S. 10-year yields drop 12bps. Upcoming Fed speeches and U.S. economic data key for further market direction. The USD/JPY dropped over 1% in early trading during the North American session as inflation data in the
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Yen’s recovery gained some momentum today on as speculation over an imminent BoJ rate hike. Governor Kazuo Ueda reinforced Deputy Governor Ryozo Himino’s earlier comments, suggesting that next week’s policy meeting could bring a shift in monetary policy. The unified tone from BoJ’s leadership is seen a calculated effort to prime markets for potential action.
Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation. The consumer price index increased 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had
Fundamental Overview The USD is weaker across the board following the soft US PPI report yesterday. The market pricing is now showing a total of 31 bps of easing by year end compared to 24 bps before the PPI. The focus remains on the US CPI report today. A hot report will likely cause some
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold February futures contracts at MCX opened in green on Wednesday at Rs 78,298 per 10 gram, which was up by 0.18% or Rs 142 while silver March futures contracts were trading at Rs 90,747/kg, up by 0.21% or Rs 191. Gold prices jumped by Rs 1,550/10 grams in the last one week while silver
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Wednesday. Here’s what
United Kingdom’s Office for National Statistics will release the December CPI data on Wednesday. The annual UK headline CPI inflation is set to rise in December, with the core figure cooling slightly. The UK CPI report will likely rock the Pound Sterling amid the BoE’s cautious policy approach. The United Kingdom’s (UK) Office for National
Dollar is holding steady against its peers in early U.S. trading, with softer-than-expected PPI report failing to trigger significant selling pressure. Market sentiment continues to shift toward the possibility that the Fed might refrain from additional rate cuts in 2025. Fed funds futures are currently pricing in less than 60% probability of a 25bps rate
Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand’s economy, especially when it comes to exports. David Clapp | Stone | Getty Images New Zealand’s prime minister told CNBC the country has to look beyond its own backyard for trade opportunities, as the South Pacific island nation signs an economic partnership with
The EURUSD is moving back hgiher and is retesting its 200 hour moving average. Recall from earlier today, the price moved up to the 200-hour moving average and found willing sellers near the level. The price rotated back to the downside stalling ahead of its 100-hour moving average at 1.0268. The low price could only
Manufacturers sentiment index +2 in January -1 in December Index for non-manufacturers’ mood to +31 was +30 in December Both manufacturers, non-manufacturers see no change in April *** Japanese manufacturers’ sentiment improved in January, rising to +2 from December’s -1, driven by stronger conditions in materials industries like steel, oil, and chemicals. However, their outlook
Gold February futures contracts at MCX opened flat on Tuesday at Rs 78,230/10 gram, which is down by 0.08% or Rs 64 while silver March futures contracts were trading at Rs 90,240/kg, down by 0.3% or Rs 273. Despite volatility in the market, gold prices have risen by nearly Rs 1,200/10 grams in the last
Wall Street’s biggest financial institutions kick off fourth-quarter earnings on Wednesday, with portfolio names Wells Fargo , Goldman Sachs , and BlackRock set to report results before the opening bell. The rally in financial stocks last year, which really started in October 2023, went into high gear in the run-up to the Federal Reserve ushering
GBP/USD extends downtrend, slipping below 1.2200 after US inflation release. Next GBP/USD support at 1.2136; potential drop to 1.2100 may hit a new year-to-date low. Recovery above 1.2200 needed to challenge the week’s high at 1.2249, further resistance up to 1.2351. The GBP/USD plunged below 1.2200 during the North American session following the release of
Speculation surrounding the incoming US administration’s tariff strategy continues to rattle global markets. Reports suggest that President-elect Donald Trump’s economic team is exploring a phased approach to tariffs, gradually increasing rates by 2% to 5% per month. This tactic, if adopted, would utilize executive powers under the International Emergency Economic Powers Act to maximize negotiation
Customers shop for clothing at a Costco store on December 11, 2024 in Novato, California. Justin Sullivan | Getty Images A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year. The producer price index rose just 0.2% on the month, less than the
TradeCompass: Ethereum Futures Analysis – 14 January 2025 Financial Instrument: Ethereum Futures (ETH Futures) Price at the Time of Analysis: 3240 Key Levels and Trade Scenarios for Ethereum Futures Today Bullish Above: 3315 Why Bullish Above:If Ethereum futures rise above 3315, they will break above the Value Area Low (VAL) of January 10. This move
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