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EUR/JPY Price Forecast: Faces selling pressure amid caution ahead of ECB policy meeting
The EUR/JPY pair slumps to near two-day low of 161.60 in Wednesday’s European session.
EURJPY
ECB
BOJ
Eurozone
UnitedStates

UK's Reeves: We begun to turn things around
UK Chancellor of the Exchequer Rachel Reeves said on Wednesday, “we begun to turn things around.” Key takeaways UK regulation has been stifling and unpredictable.
UnitedKingdom
GBPUSD
FiscalPolicy

UK's Reeves: We begun to turn things around
UK Chancellor of the Exchequer Rachel Jane Reeves speaking
GBP

EUR/USD faces selling pressure as Fed interest rate decision looms large
EUR/USD slides to near 1.0400 in Wednesday’s North American session, with investors focusing on the Federal Reserve (Fed) monetary policy announcement at 19:00 GMT.
EURUSD
ECB
Fed
Inflation
SEO

Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver
Commodities
Metals

Italy January consumer confidence 98.2 vs 96.0 expected
Latest data released by Istat - 29 January 2025
EUR

Eurozone December M3 money supply +3.5% vs +3.8% y/y expected
Latest data released by the ECB - 29 January 2025
EUR

BoC Governor Macklem: US tariffs would hurt the Canadian economy
The spotlight is on the Bank of Canada (BoC) this Wednesday, with widespread expectations that it will lower its policy rate for the sixth meeting in a row.
Canada
BOC
USDCAD
SEO

European stocks mostly positive to kick off the session
UK and France the laggards, Germany and Spain the leaders
EUR

Spain Q4 preliminary GDP +0.8% vs +0.6% q/q expected
Latest data released by INE - 29 January 2025
EUR

Pound Sterling gains as UK Reeves prioritizes growth and liberalization
The Pound Sterling (GBP) gains against its major peers, except safe-haven currencies such as US Dollar and Japanese Yen (JPY) on Wednesday as United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves reiterated Prime Minister Keir Starmer's positive outlook on the economy, saying that the economy is on the brisk of a “turnaround” in a speech in Oxfordshire.
GBPUSD
BOE
Fed
Inflation
SEO

NZD/USD depreciates to near 0.5650 ahead of Fed policy decision
NZD/USD continues to lose ground for the third consecutive day, trading around 0.5660 during the European hours on Wednesday.
NZDUSD
Macroeconomics
Majors
NewZealand
RBNZ

USD/CHF holds below 0.9050 ahead of Fed rate decision
The USD/CHF pair loses ground to near 0.9035 on Wednesday during the early European trading hours.
USDCHF
Majors
Macroeconomics

Germany February GfK consumer confidence -22.4 vs -20.0 expected
Latest data released by GfK - 29 January 2025
EUR

Germany February GfK consumer confidence -22.4 vs -20.0 expected
Latest data released by GfK - 29 January 2025
EUR



OpenAI says it has evidence China’s DeepSeek used its model to train competitor - FT
The Financial Times with the scoop
market overview


Japan January consumer confidence 35.2 vs 36.6 expected
Latest data released by the Japan Cabinet Office - 29 January 2025
JPY

ForexLive Asia-Pacific FX news wrap: AUD dropped after CPI inflation data
Forex news for Asian trading on Wednesday, January 29, 2025
Session wrap
Wrap Asia

Silver Price Forecast: XAG/USD gains traction to near $30.50, Fed rate decision looms
The Silver price (XAG/USD) trades with mild gains around $30.40 during the Asian trading hours on Wednesday.
Silver
XAGUSD
Commodities
Macroeconomics

EUR/USD inches higher to near 1.0450, upside seems limited amid a risk-off mood
EUR/USD halts its two-day losing streak, trading around 1.0440 during the Asian hours on Wednesday.
EURUSD
Majors
Macroeconomics
Eurozone
ECB

Bets on a February RBA rate cut are solidfying after the inflation data earlier
After February it'll be only a gradual glide path lower
RBA
AUD

FX option expiries for Jan 29 NY cut
FX option expiries for Jan 29 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies

Goldman Sachs expects 6 Bank of England interest rate cuts by mid-2026
See inflation pressure easing in the medium term
GBP
BOE
Bitcoin Technical Analysis

GBP/USD holds ground near 1.2450 ahead of Fed policy decision
GBP/USD remains steady after registering losses in the previous session, trading around 1.2440 during the Asian hours on Wednesday.
GBPUSD
Macroeconomics
Majors
UnitedKingdom
BOE

Euro may see a slight uptick if the European Central Bank is cautious this week
The ECB policy decision is due on Thursday, January 30, 2025
ECB

Westpac changes its forecast to a February Reserve Bank of Australia interest rate cut
WPAC say RBA to cut by 25bp on February 18
RBA
AUD

Australian Treasurer Chalmers: The worst of the inflation challenge is well and truly behind us
Australian Treasurer Jim Chalmers said on Wednesday, “the worst of the inflation challenge is well and truly behind us.” He noted further that “the soft landing we have been planning and preparing for is looking more and more likely.” Market reaction AUD/USD was last seen trading at 0.6229, down 0.30% on the day.
Australia
Inflation
AUDUSD
EconomicIndicator

Australian Treasurer Chalmers says worst of inflation is past
Chalmers would like an RBA rate cut
AUD

Australian Dollar declines due to increased likelihood of RBA rate cuts, Fed decision eyed
The Australian Dollar (AUD) extends its losses for the third consecutive day against the US Dollar (USD), driven by lower-than-expected Consumer Price Index (CPI) data from Australia released on Wednesday.
AUDUSD
SEO
Macroeconomics
Australia
Majors

Australian inflation data: RBA rate cut expectations rise higher
But .... government subsidies played a role in CPI moderation, while labour market strength may delay easing.
RBA
AUD

AUD/USD has dropped after the better than expected Q4 inflation data from Australia
The data significantly boosts the prospect of a February rate cut from the Reserve Bank of Australia
RBA
AUD

Australian Q4 2024 inflation headline 2.4% y/y (expected 2.5%)
Q4 and December 2024 month inflation data for Australia - it's the quarterly data that is of most focus
AUD

NZD/USD extends downside to near 0.5650 as traders await Fed rate decision
The NZD/USD pair extends the decline to near 0.5665 during the early Asian session on Wednesday, pressured by the renewed US Dollar (USD) demand.
NZDUSD
Majors
Macroeconomics

Australian inflation data due soon - RBA rate cut speculation for February meeting
Get ready for Australian CPI data release, with estimates hinting at a slight rise in quarterly CPI but a potential easing in annual core inflation. Analysts predict how these figures could influence the RBA's decision in February regarding a possible interest rate cut.
RBA
AUD

Reminder - China, Hong Kong and Singapore are all on holiday today
Widespread market closures across Asia today as part of Lunar New Year holidays.
General

BoJ December 2024 meeting minutes express caution - January brought change though
Rates were kept unchanged at this meeting
BOJ

Google reclassifies U.S. as ‘sensitive country’ alongside China, Russia
Re Trump's 'Gulf of America' comments
Politics
General