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Breaking: US Nonfarm Payrolls rise by 143,000 in January vs. 170,000 forecast
Breaking: US Nonfarm Payrolls rise by 143,000 in January vs. 170,000 forecast
US Nonfarm Payrolls are set to increase by 170K in January after reporting 256K in December.
NFP
UnitedStates
EconomicIndicator
SEO
Breaking
ForexLive Asia-Pacific FX news wrap: USD/JPY drops under 151.00 (bounces back)
ForexLive Asia-Pacific FX news wrap: USD/JPY drops under 151.00 (bounces back)
Forex news for Asian trading on Friday, February 7, 2025
Session wrap
Wrap Asia
There is Chinese inflation data due this weekend - CPI and PPI for January 2025
There is Chinese inflation data due this weekend - CPI and PPI for January 2025
The CPI is barely above deflation while the PPI is firmly submerged in it
CNY
China Stock Market
China
CNH
GBP/USD trades with negative bias around 1.2425 area, US NFP report awaited
GBP/USD trades with negative bias around 1.2425 area, US NFP report awaited
The GBP/USD pair struggles to capitalize on the overnight bounce from a multi-day low and trades with a mild negative bias, around the 1.2425 area during the Asian session on Friday.
GBPUSD
NFP
Fed
BOE
Currencies
US January 2025 non-farm payrolls data - the critical key ranges for estimates to watch
US January 2025 non-farm payrolls data - the critical key ranges for estimates to watch
Unexpected US data results can significantly impact markets
Bonds
SPX
Nasdaq
USD
Japanese Prime Minister Ishiba will meet with Trump - press conference Friday
Japanese Prime Minister Ishiba will meet with Trump - press conference Friday
There will be some discussion of economic issues
Politics
JPY
USD
Nissan Seeks New Partnerships After Honda Merger Talks Fail
Nissan Seeks New Partnerships After Honda Merger Talks Fail
Nissan now chasing collaborations with technology firms
Federal Reserve Governors Bowman and Kugler speaking Friday
Federal Reserve Governors Bowman and Kugler speaking Friday
There may not be much in these speeches for traders
Silver Price Forecast: XAG/USD remains steady near $32.50, three-month highs
Silver Price Forecast: XAG/USD remains steady near $32.50, three-month highs
Silver price (XAG/USD) remains in positive territory for the fifth consecutive session, trading around $32.30 per troy ounce during Asian hours on Friday.
Silver
XAGUSD
Macroeconomics
Commodities
Metals
USD/INR tumbles after RBI cuts repo rate by 25 bps to 6.25%
USD/INR tumbles after RBI cuts repo rate by 25 bps to 6.25%
The Indian Rupee (INR) holds steady after falling to a fresh all-time low in the previous session.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
Japanese Yen remains on the back foot against USD; lacks follow-through ahead of US NFP
Japanese Yen remains on the back foot against USD; lacks follow-through ahead of US NFP
The Japanese Yen (JPY) prolongs its uptrend for the fourth successive day and advances to a nearly two-month high against its American counterpart during the Asian session on Friday.
USDJPY
BOJ
InterestRate
NFP
SEO
IMF’s Gopinath: Japan’s services inflation remains below 2% target
IMF’s Gopinath: Japan’s services inflation remains below 2% target
Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), said Friday that “Japan’s services inflation remains below 2% target, which is why remains appropriate the Bank of Japan (BoJ) to maintain accommodative monetary policy.” Additional quotes We see positive signs of Japan's inflation moving durably to the 2% target.
Japan
BOJ
USDJPY
InterestRate
IMF
IMF: BoJ likely to raise interest rates again this year
IMF: BoJ likely to raise interest rates again this year
Nada Choueiri, Deputy Director of the International Monetary Fund’s (IMF) Asia-Pacific Department and its mission chief for Japan, said on Friday that the “Bank of Japan (BoJ) is likely to raise interest rates again this year.” Additional quotes See them reaching levels deemed neutral to the economy by end-2027.
BOJ
IMF
USDJPY
InterestRate
IMF estimates Japan's neutral interest rate to be in the range of 1-2%.
IMF estimates Japan's neutral interest rate to be in the range of 1-2%.
Bank of Japan advice from the International Monetary Fund (IMF)
BOJ
JPY
Australian Dollar holds losses due to market caution, traders await US NFP
Australian Dollar holds losses due to market caution, traders await US NFP
The Australian Dollar (AUD) consolidates against the US Dollar (USD) on Friday.
AUDUSD
SEO
Majors
Macroeconomics
Australia
PBOC sets USD/ CNY reference rate for today at 7.1699 (vs. estimate at 7.2780)
PBOC sets USD/ CNY reference rate for today at 7.1699 (vs. estimate at 7.2780)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
PBOC sets USD/CNY reference rate at 7.1699 vs. 7.1691 previous
PBOC sets USD/CNY reference rate at 7.1699 vs. 7.1691 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1699 as compared to the previous day's fix of 7.1691 and 7.2780 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
NZD/USD gains traction above 0.5650 ahead of US NFP release
NZD/USD gains traction above 0.5650 ahead of US NFP release
The NZD/USD pair trades firmer near 0.5680 during the Asian trading hours on Friday.
NZDUSD
Majors
Macroeconomics
TradeWar
PBOC is expected to set the USD/CNY reference rate at 7.2780 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2780 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
BoC’s Macklem: Trump's tariffs threat already having an impact
BoC’s Macklem: Trump's tariffs threat already having an impact
Bank of Canada Governor Tiff Macklem said late Thursday that a policy shift in the US was causing uncertainty and President Donald Trump's tariff threats were already impacting businesses and households, per Reuters.
BOC
CentralBanks
Canada
Macroeconomics
TradeWar
EUR/USD hobbles into another NFP Friday
EUR/USD hobbles into another NFP Friday
EUR/USD churned some chart paper on Thursday, testing to the low side but wrapped up the day remaining stubbornly stuck near the 1.0400 handle.
EURUSD
NFP
Currencies
WTI extends downside below $70.50 as US-China trade war intensifies
WTI extends downside below $70.50 as US-China trade war intensifies
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.35 during the early Asian session on Friday.
Oil
WTI
Commodities
Macroeconomics
GBP/USD pulls back after BoE rate cut
GBP/USD pulls back after BoE rate cut
GBP/USD shuddered on Thursday, punching in a technical rejection from key averages and testing below the 1.2400 handle.
GBPUSD
BOE
NFP
Japan data: December Household Spending YoY +2.7% (vs. expected: 0.2%, previous: -0.4%)
Japan data: December Household Spending YoY +2.7% (vs. expected: 0.2%, previous: -0.4%)
More encouragement for the Bank of Japan on its rate hiking path ahead
USD/CAD holds positive ground above 1.4300 ahead of US, Canadian labour market data
USD/CAD holds positive ground above 1.4300 ahead of US, Canadian labour market data
The USD/CAD pair posts modest gains around 1.4305 during the late American session on Thursday, bolstered by a mild bounce in US yields.
USDCAD
Majors
Macroeconomics
TradeWar
Fed's Logan: Cooling labor market could be evidence its time to cut rates
Fed's Logan: Cooling labor market could be evidence its time to cut rates
Federal Reserve (Fed) Bank of Dallas President Lorie Logan hit newswires late on Thursday, noting that inflation progress has been significant, the US labor market remains far too firm to push the Fed into rate cuts any time soon.
Fed
CentralBanks
InterestRate
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