Market Spotlight: Low Bar Set for Today's US PPI & Retail Sales
Key US Data Up NextToday sees a double whammy for US data with both December PPI and Retail Sales due. On the back of weaker-than-forecast US inflation, today’s data is drawing more attention-than-usual. USD has been in decline since those Dec CPI figures were released with traders now anticipating a further pivot from the Fed […]
PPI and Retails Sales Miss to the Downside, USD down, Stock up
US Market Alert: PPI and Retail Sales US Producer Price Index (PPI) beats estimates to the downside (-0.5% vs est. -0.1%) US retail sales dropped faster than anticipated in December (-1.1% vs est. -0.8%) Customize and filter live economic data via our DailyFX economic calendar Lower PPI adds Further Pressure on the Fed to Pause […]
Dovish surprise in US retail sales leaves little to salvage dollar bulls
The Bank of Japan dismissed market rumors about further adjustments in the yield curve control and left the policy unchanged today, disappointing recent yen buyers. The Bloomberg report released yesterday about the ECB plans to execute more caution in the rest of the tightening cycle caused brief market embarrassment sending EURUSD to 1.08 and below, […]
UK and US retail sales data in the spotlight, UK inflation falls
Asia-Pacific shares traded higher on Wednesday, although the Bank of Japan (BoJ) announced its decision not to change its yield curve control policy. In a press conference, the BoJ’s Governor Haruhiko Kuroda said that “it’s not long since we decided on our measures in December. It will likely take some more time for the measures […]
Citi Promotes Joe Bond to SVP of FX Sales for UK and Jersey
Citigroup, a New York-based investment bank and financial services company, has promoted Joe Bond to the position of Senior Vice President of FX Sales for UK and Jersey. Bond has been heading Citi’s forex sales team for both jurisdictions since April 2021. The executive, who brings over a decade of forex experience to the role, […]
EUR/USD juggles below 1.0850 as focus shifts to US PPI and Retail Sales data
EUR/USD is oscillating below 1.0850 amid a holiday in the United States market. The US Dollar Index (DXY) is looking to drop below the immediate support of 101.75 amid an upbeat market mood. The release of the US PPI and Retail Sales will provide decisive moves in the asset ahead. The EUR/USD pair is struggling […]
Week Ahead: Highlights include US retail sales, China data, ECB minutes, UK data
Week Ahead January 16-20th: Highlights include US retail sales, China activity data, ECB minutes, UK data MON: Eurogroup Meeting; Chinese GDP (Q4), House Prices, Industrial Output & Retail Sales (Dec). TUE: OPEC MOMR; German Final CPI (Dec), UK PPI (Nov), Unemployment (Nov), German ZEW (Feb), Canadian CPI (Dec), Australian Consumer Sentiment (Jan). WED: UK CPI […]
StoneX Hires SWIFT’s Edward Phelps as Head of Sales Strategy
StoneX Global Payments, a subsidiary of the StoneX Group which specializes in cross-border payments to developing countries, has hired Edward Phelps, a former SWIFT employee, as its Head of Sales Strategy. Phelps, who left SWIFT after over five and a half years, announced his new role on Friday. Phelps brings about a decade of experience […]
FXCM Pro Elevates Jemal Shenolov to Institutional Sales VP
FXCM Pro, the institutional division of the broader FXCM Group, has promoted Jemal Shenolov as the Vice President of Institutional Sales, which became effective earlier this month. According to his Linkedin profile, Shenolov has been a part of FXCM Pro for more than four years. He joined the Bulgaria-based offices of the company in October […]
U.S. Treasury sales of $40 billion of 3 year notes a high yield of 3.977%
High-yield 3.977% versus WI level of 4.000% at the time of the auction tail -2.3 basis points. bid to cover 2.84X versus six month average of 2.52X directs 13.2% versus a six month average of 19.3% indirect 69.5% versus six month average of 59.2% primary dealers 17.3% versus six month average of 21.5% The only […]