Canada is getting ready to print its December jobs report soon! Will the numbers support the Bank of Canada’s shift to a more gradual pace of easing this year? Here’s what market analysts are expecting for the upcoming employment release. This Article Is For Premium Members Only Become a Premium member for full website access, plus get:…
This accompanies the regional economic assessment from earlier here. The BOJ says that while firms are seeing the need to stick to wage hikes, they are yet to decide on how much they would have to raise pay for this year. On the flip side though, some smaller firms are reserving caution due to the impact of tighter profit…
Gold prices fell in Saudi Arabia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 321.03 Saudi Riyals (SAR) per gram, down compared with the SAR 321.43 it cost on Wednesday. The price for Gold decreased to SAR 3,744.47 per tola from SAR 3,749.15 per tola a day earlier. Unit measure Gold Price in…
China’s consumer prices slowed from 0.2% year-on-year in November to 0.1% in December 2024, while producer prices continued their decline, reinforcing concerns about deflationary pressures in the world’s second-largest economy. Key points from the National Bureau of Statistics: Consumer Price Index (CPI) rose 0.1% year-on-year in December, down from 0.2% in November Core CPI, excluding food and energy, increased…
HSBC Global Research has upgraded its outlook for Hong Kong stocks to “Overweight” and raised its year-end target for the Hang Seng Index (HSI) from 23,420 to 23,870. The report highlights an improved economic outlook for China, with recent policy shifts signaling the central government’s commitment to stabilizing the economy, which is positive for the A-share market. This, in…
The Australian Dollar loses ground after releasing mixed domestic data on Thursday. China’s Consumer Price Index rose by 0.1% YoY in December, against the previous 0.2% increase. The US Dollar rose as the 10-year yield on Treasury bonds advanced following the FOMC Minutes release. The Australian Dollar (AUD) extends its losses for the third consecutive day against the US…
Nothing further for now. Same old This article was written by Eamonn Sheridan at www.forexlive.com.
USD/CAD softens to around 1.4380 in Thursday’s early Asian session. Fed Minutes signalled a cautious approach to rate cuts. Justin Trudeau’s resignation and a rise in crude oil prices support the Loonie. The USD/CAD pair weakens to near 1.4380 during the early Asian session on Thursday. The resignation of Canadian Prime Minister Justin Trudeau and higher crude oil prices…
Today’s Australian CPI data came in mixed but generally within the RBA’s target range, potentially setting up AUD/JPY for a bearish move as rate cut expectations remain intact and broad risk sentiment sours this week. With headline inflation at 2.3% versus 2.2% expected and trimmed mean falling to 3.2% from 3.5%, the data wasn’t strong enough to materially…
Outlook for the Federal Open Market Committee (FOMC) from UBS. Analysts at the bank argue that the December labor report, set to be released this Friday, and next week’s inflation data will offer further insights into the U.S. economy. Although the Federal Reserve is unlikely to lower interest rates at its early 2025 policy meetings, UBS anticipate that upcoming…
