EUR/USD: A fall from grace or a positioning squeeze or both? – Credit Agricole
Credit Agricole CIB Research discusses EUR/USD outlook and sees the pair is slightly cheap around current levels. “There are a number of drivers behind the EUR’s sudden fall from grace. In the case of EUR/USD, we had the reassessment of the Fed outlook in the wake of last week’s Non-farm payrolls that boosted the USD […]
US stocks fall after the much stronger than expected US jobs report. Nasdaq index weakest.
The major US indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and […]
Pakistani rupee fall slows as PM Sharif hopes for IMF funds By Reuters
© Reuters. FILE PHOTO: A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz/File Photo By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -The Pakistani rupee’s two-day decline slowed on Friday on news that an IMF team was visiting Islamabad next […]
USD/JPY will fall by the end of the year – HSBC
Economists at HSBC think USD/JPY will fall by year-end 2023 on a range of factors from future BoJ policy announcements to improvements in Japan’s balance of payments and a revival of the JPY’s “safe haven” status. A revival of Yen’s ‘safe haven’ status could weigh on USD/JPY “There are many upcoming events that could lead […]
Gold Price (XAU/USD) Presses Ahead as US Inflation Expectations Fall
Gold Price (XAU/USD), Chart, and Analysis US interest rate expectations continue to fall. Gold looks like it is consolidating ahead of the next move higher. Recommended by Nick Cawley Get Your Free Gold Forecast The latest University of Michigan Consumer Sentiment report, released last Friday, showed inflation expectations in the US continuing to fall. The […]
Canadian house prices fall 1.6% in December
Prices down 7.5% y/y Volume of sales +1.3% m/m vs -3.3% expected Activity down 39.1% y/y The Canadian housing market is in a tough spot and with the BOC set to hike again this month, it will get worse before it gets better. “In 2022, we saw one of the biggest single-year shifts on record […]
China property sector woes persist – new home prices fall again
Data for China’s December new home prices down 0.25% m/m down 1.5% y/y On Friday I posted on further support for the sector: China will loosen restrictions on Chinese developers’ financing with changes to the “Collective management system for real estate loans” on banks and also on the “Three Red Lines” policy. China will add […]
How US CPI could fall more quickly than anticipated
Jeff Weniger from WisdomTree put together a nice graphic emphasizing that US inflation is about to begin lapping some seriously high year-over-year comparative numbers. With that, the old numbers will ‘fall out’ of the year-over-year reading and that will cause inflation readings to fall. How far will they fall? If CPI were to run at […]
Scope for a fall to 3200 – Barclays
Despite 2022’s drawdown, analysts at Barclays believe that global equity markets have room to drop further. Cash should be the real winner of 2023 “We observe that US stocks tend to bottom out 30-35% below peak in the middle of a recession. That suggests fair value of 3200 on the S&P500 sometime in H1 23. […]
USD/JPY extends fall to lowest in over seven months
<p style="" class="text-align-justify">As mentioned earlier <a href="https://www.forexlive.com/news/dollar-faces-added-pressure-after-yesterdays-cpi-data-20230113/" target="_blank" rel="follow">here</a>, the pressure is very much on the dollar right now as the technicals are starting to favour a more downside push for the pair. The break below 130.00 yesterday vindicates the downside momentum from the latter stages of last year, with there being little in the […]