Eurozone December retail sales -0.2% vs -0.1% m/m expected

Prior +0.1%; revised to 0.0% The fall on the month stems from a decline in retail sales for food, drinks, and tobacco (-0.7%). That is offset by increases in sales for non-food products (+0.3%) and automotive fuel (+0.2%). As a whole for the year of 2024, the annual average of euro area retail sales trade volume was seen up…

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BoE policy announcements, US data to drive markets

Here is what you need to know on Thursday, February 6: Major currency pairs stay relatively quiet early Thursday as investors gear up for the upcoming key events. The Bank of England (BoE) will announce monetary policy decisions. Governor Andrew Bailey will speak on the policy outlook and respond to questions in a press conference afterward. Later in the…

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Technical analysis for USCrude, XAUUSD, and EURUSD today (06 February 2025)

2025.02.06 2025.02.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.02.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Yesterday, gold continued to trade in a…

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Event Guide: Canada’s Employment Report (January 2025)

Markets are bracing for softer Canadian labor data in January, which could strengthen the case for more rate cuts from the Bank of Canada. So, what are the expectations, and which Loonie pairs tend to react the most? Here’s what you need to know if you’re trading the release! This Article Is For Premium Members Only Become…

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FX option expiries for 6 February 10am New York cut

There are a couple to take note of on the day, as highlighted in bold. The first ones are for EUR/USD layered in between 1.0350 through to 1.0410. That could help to keep price action more locked in during the session in that range but just be wary that the dollar is under some decent pressure on the week…

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Gold price in Pakistan: Rates on February 6

Gold prices rose in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 25,731.81 Pakistani Rupees (PKR) per gram, up compared with the PKR 25,673.43 it cost on Wednesday. The price for Gold increased to PKR 300,130.80 per tola from PKR 299,449.80 per tola a day earlier. Unit measure Gold Price in PKR…

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US Dollar Turns Tail on Trump’s Tariff U-Turn. Forecast as of 04.02.2025

2025.02.04 2025.02.04 US Dollar Turns Tail on Trump’s Tariff U-Turn. Forecast as of 04.02.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US president’s decision to impose import duties on Mexico and Canada, followed by a subsequent delay until March 1, sent a shockwave through financial markets. Investors believe that the president is using tariffs as a negotiating tool rather than a revenue source….

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Event Guide: U.S. Non-Farm Payrolls Report (January 2025)

With the Fed shifting to a less dovish stance, will the upcoming U.S. jobs release support their optimistic outlook? Or can the numbers revive easing expectations? Here’s what you need to know if you’re planning on trading the U.S. non-farm payrolls report. This Article Is For Premium Members Only Become a Premium member for full website…

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US government vessels to sail free through Panama Canal

AP had the news: The United States says that its government vessels would be allowed to sail for free through the Panama Canal, following heavy pressure from President Donald Trump. “US government vessels can now transit the Panama Canal without charge fees, saving the US government millions of dollars a year,” the State Department said in a post on…

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Australia’s Trade Surplus decreases to 5,085M MoM in December vs. 7,000M expected

Australia’s trade surplus decreased to 5,085M MoM in December versus 7,000M expected and 6,792M (revised from 7,079M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details reveal that Australia’s Exports rose by 1.1% MoM in December from 4.2% (revised from 4.8%) seen a month earlier. Meanwhile, Imports climbed by 5.9% MoM in December,…

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