Currency News

RBA Maintains Steady Rates Amid Inflation Risks and Fragile Growth: Outlook for 2025 Easing Article published on December 9th, 2024 – 8:58AM UK Time The Reserve Bank of Australia (RBA) is expected to keep its Cash Rate unchanged at 4.35% during its December 10th policy meeting, in line with unanimous forecasts from economists and market … Read more

US Non-Farm Payrolls and CAD Jobs: Market Movers in Focus Today’s dual jobs data release—US Non-Farm Payrolls (NFP) and Canadian Employment figures—could set the tone for the USD and CAD ahead of the critical December Federal Reserve meeting. Markets are laser-focused on these reports, as they directly impact expectations for the Fed’s next rate decision … Read more

Dollar Index Softer Post-ISM Services Miss, but Dollar Bulls Hold Firm The DXY dollar index experienced a slight pullback following the weaker-than-expected ISM Services report, which heightened expectations for a December 18 Federal Reserve rate cut. The data underscored the Fed’s ongoing easing cycle, with US yields falling as markets digested the softer print. Despite … Read more

Key Data Points for USD Sentiment: ADP and ISM in Focus This week, the USD’s trajectory is firmly tied to critical employment and economic data, with the ADP National Employment Report and ISM Non-Manufacturing PMI providing clear signals for the Federal Reserve’s next moves. Both reports hold the potential to influence expectations around a December … Read more

US JOLTS Data: A Near Term Test for the USD The US labor market takes center stage again with the release of October’s JOLTS Job Openings data at 1500 today, offering key insights into the Federal Reserve’s next policy steps. After last week’s subdued action driven by month-end flows and the Thanksgiving holiday, the USD … Read more

ECB Cautious Amid Growth Concerns as December Rate Decision Looms In their last meeting, the European Central Bank (ECB) delivered a 25bps rate cut but avoided signaling further reductions, emphasizing a data-dependent approach amid persistent concerns about slowing growth. Eurozone PMIs, weak German IFO data, and subdued inflation have kept the ECB on edge, with … Read more

US PCE Print Outlook: Key Scenarios for USD Movement Today’s US Core PCE print at 13:30 UK time will be critical in shaping the near-term outlook for the USD, as it is the Fed’s preferred inflation measure and a key input for December rate decisions. Bearish USD Scenario: If Core PCE prints below 0.1% MoM … Read more

RBNZ Rate Decision: What to Watch for the NZD As the Reserve Bank of New Zealand (RBNZ) prepares to announce its monetary policy decision, markets are poised for significant moves in the NZD. Since the last meeting, inflation pressures have eased slightly, with annual CPI growth slowing to 2.2% (vs. 2.3% forecast). While tradables and … Read more

US PCE Print: Key Analysis with Bessent Context The Fed’s November 7 decision cut rates by 25bps to 4.50-4.75%, signaling progress toward the 2% inflation target but maintaining caution due to persistent inflation risks. While October labor data appeared weak, it was attributed to temporary factors like hurricanes and strikes, leaving core metrics stable. The … Read more

EUR/USD: Weak Eurozone PMIs Reinforce Sell Bias as 1.0450 Becomes Key Level The latest Eurozone PMI data paints a bleak picture for the eurozone economy, bolstering the case for further EUR/USD downside. With French, German, and Eurozone-wide PMIs coming in below expectations across the board, the euro remains under heavy pressure, and the bias remains … Read more