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Wells Fargo revises Fed rate cut forecast amid labor market resilience
Sees only 2 FOMC rate cuts in 2025, from three previously
Fed
Economic calendar in Asia 17 January 2025 - December and Q4 data due from China
Asian Economic Calendar: Key Events and Consensus Expectations
economic calendar
Trade ideas thread - Friday, 17 January, insightful charts, technical analysis, ideas
Join the discussion and stay ahead in the forex market.
USD
Biden Administration does not plan to take action on TikTok on Sunday
It will not go dark on the proposed January 19 date
USD
BOC Granvelle:A Trump tariff on exports would have big negative impact on economic growth
BOC Deputy Gov. Toni Gravelle speaking
BOC
Atlanta Fed GDP now Growth estimate for Q4 rises to 3% from 2.7% last
A pick up in the GDP estimate after recent economic data
Fed
Gravelle: BOC expects to announce end of quantitative tightening in 1H of 2025
Comments from Bank of Canada's Gravelle
BOC
US business inventories for November +0.1% versus 0.1% estimate
US business inventories for November 2024
USD
US: Initial Jobless Claims rose to 217K last week
US citizens filing new applications for unemployment insurance rose to 217K for the week ending January 10, as reported by the US Department of Labor (DoL) on Thursday.
EURUSD
EconomicIndicator
Employment
UnitedStates
US Retail Sales expanded 0.4% MoM in December
US Retail Sales climbed by 0.4% in December, reaching $729.2 billion, according to the US Census Bureau's report on Thursday.
EURUSD
UnitedStates
EconomicIndicator
Philadelphia Fed manufacturing index for January 44.3 versus -5.2 estimate
Philadelphia Fed manufacturing index for the month of January
Fed
United States Continuing Jobless Claims came in at 1.859M below forecasts (1.87M) in January 3
United States Continuing Jobless Claims came in at 1.859M below forecasts (1.87M) in January 3
UnitedStates
Employment
United States Philadelphia Fed Manufacturing Survey above forecasts (-5) in January: Actual (44.3)
United States Philadelphia Fed Manufacturing Survey above forecasts (-5) in January: Actual (44.3)
Fed
UnitedStates
US December retail sales 0.4% versus 0.6% estimate. Control group versus 0.7% estimatex.x%
US retail sales data for December 2024
USD
US December import prices MoM 0.1% vs 0.1% expected
US import and export prices for December 2024
USD
United States Initial Jobless Claims 4-week average fell from previous 213K to 212.75K in January 10
United States Initial Jobless Claims 4-week average fell from previous 213K to 212.75K in January 10
UnitedStates
Employment
United States Initial Jobless Claims registered at 217K above expectations (210K) in January 10
United States Initial Jobless Claims registered at 217K above expectations (210K) in January 10
UnitedStates
Employment
United States Import Price Index (MoM) meets forecasts (0.1%) in December
United States Import Price Index (MoM) meets forecasts (0.1%) in December
Prices
UnitedStates
Liquidity
US Dollar unmoved with traders consolidating the Greenback at current levels
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is consolidating further this Thursday around 109.00 on Thursday after US Retail Sales and weekly Jobless Claims got released. The data distorted a clear sense
DollarIndex
Macroeconomics
UnitedStates
SEO
ECB Accounts: Further rate cuts remain on the cards
Policymakers at the European Central Bank (ECB) agreed last month that interest rate cuts should be approached cautiously and gradually, but they also indicated that more policy easing was likely on the horizon, all according to the publication of the bank’s Accounts of the December 11–12 gathering.
ECB
EURUSD
Currencies
ForexLive European FX news wrap: Dollar mixed ahead of more US data to come
Forex news from the European morning session on Jan 16, 2025
Session wrap
Wrap Europe
Further gradual rate cuts will be appropriate if baseline projections hold - ECB accounts
The ECB releases the accounts of its latest monetary policy meeting in December 2024
ECB
AUD/USD fails to continue winning streak despite strong Aussie Employment data
The AUD/USD pair declines after failing to extend a three-day winning streak above the key resistance of 0.6245 in Thursday’s European session.
AUDUSD
RBA
Fed
Employment
Inflation
Aluminum gets a short boost – ING
LME aluminum prices touched their highest in nearly a month this Wednesday, topping $2,600/t following the news that the European Union is considering more sanctions on Russian aluminum products. Prices later gave up the gains, ING’s commodity analyst Ewa Manthey notes.
BankStocks
Metals
Europe
RussianFederation
Spain 5-y Bond Auction up to 2.763% from previous 2.372%
Spain 5-y Bond Auction up to 2.763% from previous 2.372%
Spain
Bonds
Eurozone Trade Balance s.a.: €12.9B (November) vs €6.1B
Eurozone Trade Balance s.a.: €12.9B (November) vs €6.1B
EURUSD
TradeBalance
Eurozone
Eurozone Trade Balance n.s.a. came in at €16.4B, above forecasts (€8.5B) in November
Eurozone Trade Balance n.s.a. came in at €16.4B, above forecasts (€8.5B) in November
EURUSD
TradeBalance
Eurozone
Eurozone November trade balance €16.4 billion vs €8.5 billion expected
Latest data released by Eurostat - 16 January 2025
EUR
Dollar keeps more mixed on the session thus far
USD/JPY continues to stay heavy as traders contemplate a BOJ rate hike for next week
USD
China to initiate anti-dumping probe into US subsidies in its chip industry
The announcement made by the Chinese commerce ministry
CNY
USD
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