The U.S. dollar trims losses after ISM manufacturing PMI shows a sharp increase in prices paid, a sign that it may take longer for inflation to converge to the Fed’s 2% goal. Read More
The U.S. dollar is likely to strengthen against the Japanese yen in the near term, driven by monetary policy divergence between the Fed and the Bank of Japan. Read More
<p>After recovering from holiday lows in January, institutional <a href=”https://www.financemagnates.com/terms/f/forex-trading/” class=”terms__secondary-term” id=”258a569f-bf49-4a61-a1b4-bc352d76141f” target=”_blank”>forex trading</a> activities slowed down in February 2023, data from Cboe FX and Deutsche Börse’s 360T, two of the largest institutional spot FX trading venues, show.</p><p>According to <a href=”https://fx.cboe.com/products/hotspot_volumes.jsp” target=”_blank” rel=”follow”>figures from Cboe FX</a>, the American spot FX <a href=”https://www.financemagnates.com/terms/t/trading-platform/” class=”terms__main-term” id=”f85800b2-ccf5-4f50-9e8e-780d32afc6f6″ target=”_blank”>trading platform</a> handled a total trading […]
German inflation data has remained elevated, placing more pressure on the ECB to raise rates and take a more aggressive stance towards rampant price pressures. Read More
Brent crude and WTI crude oil have benefitted from a risk on sentiment through positive Chinese manufacturing PMI data alongside a softer US dollar. Read More
GBP/USD remains caught between significant areas of support and resistance. Meanwhile UK mortgage data continues to struggle declining for a 5th consecutive month. Read More
Hong Kong’s Hang Seng Index leapt higher after Chinese PMI readings were much better than expected amid hopes that the world’s second-largest economy might stoke global growth. Read More
The Australian Dollar dipped under 67 cents after fourth-quarter GDP data missed estimates but saw some upward revisions to previous quarters. Where to for AUD/USD? Read More
Gold prices and the S&P 500 could resume the next leg lower in short order if bond yields continue their stratospheric rise amid a hawkish repricing of the Fed’s hiking path Read More