ForexLive European FX news wrap: Currencies muted awaiting US jobless claims, Trump
Headlines: Heads up: Trump set to address world leaders in Davos later today Weekly update on interest rate expectations ECB’s Escriva: We still have restrictive policy France January business confidence…
Read More »Goldman Sachs on Trump tariffs – “more benign than expected”, but some of it hawkish
Goldman Sachs on US politics: “President Trump’s Inauguration Day policy announcements on tariffs were more benign than expected” “For now … a lower priority than we would have expected” GS…
Read More »A technical view of the major currency pairs going into the new trading week
EURUSD: USDJPY: GBPUSD: USDCHF: USDCAD: AUDUSD: NZDUSD: This article was written by Greg Michalowski at www.forexlive.com.
Read More »Bank of America says US 10 year yield is unlikely to rise above 5.25%!
Economists at Bank of America forecast the yield on US 10 years to 4.75% this year, but concede it could rise higher: could get above 5% depending on the Federal…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.3138 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Forexlive European FX news wrap: Trump mulls a national emergency declaration for tariffs
US MBA mortgage applications w.e. 3 January -3.7% vs -12.6% prior Trump mulls a national emergency declaration to allow for new tariff program – report Cable turns lower on the…
Read More »Spain December preliminary CPI +2.8% vs +2.6% y/y expected
Prior +2.4% HICP +2.8% vs +2.6% y/y expected Prior +2.4% The concern for the ECB is that core annual inflation here is seen ticking higher to 2.6%, up from 2.4%…
Read More »ForexLive Asia-Pacific FX news wrap: USD/JPY pulls back from above 158.00
China’s MIIT predicts a 5.7% y/y growth in industrial output for the January to December China’s industrial profits decline four straight months, but at a slower rate Japan finance minister…
Read More »Spain Q3 final GDP +0.8% vs +0.8% q/q prelim
Prior +0.8% GDP +3.3% vs +3.4% y/y prelim Prior +3.2% No change to the quarterly estimate as the Spanish economy remains one of the few bright spots in Europe, especially…
Read More »ECB’s Vujcic says the Bank’s “direction is clear … further reduction of interest rates”
Boris Vujčić, Governor of the Croatian National Bank and European Central Bank Governing Council member spoke in an interview Saturday, confirming what we all know – more rate cuts to…
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