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European stocks mostly positive to kick off the session
European stocks mostly positive to kick off the session
By Forex Live
European stocks mostly positive to kick off the session
UK and France the laggards, Germany and Spain the leaders
Spain Q4 preliminary GDP +0.8% vs +0.6% q/q expected
Spain Q4 preliminary GDP +0.8% vs +0.6% q/q expected
By Forex Live
Spain Q4 preliminary GDP +0.8% vs +0.6% q/q expected
Latest data released by INE - 29 January 2025
Pound Sterling gains as UK Reeves prioritizes growth and liberalization
Pound Sterling gains as UK Reeves prioritizes growth and liberalization
By Fxstreet
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 depreciates to near 0.5650 ahead of Fed policy decision
By Fxstreet
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
USD/CHF holds below 0.9050 ahead of Fed rate decision
By Fxstreet
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
Germany February GfK consumer confidence -22.4 vs -20.0 expected
By Forex Live
Germany February GfK consumer confidence -22.4 vs -20.0 expected
Latest data released by GfK - 29 January 2025
Germany February GfK consumer confidence -22.4 vs -20.0 expected
Germany February GfK consumer confidence -22.4 vs -20.0 expected
By Forex Live
Germany February GfK consumer confidence -22.4 vs -20.0 expected
Latest data released by GfK - 29 January 2025
What are the main events for today?
What are the main events for today?
By Forex Live
What are the main events for today?
Focus on the BoC and FOMC decisions
market overview
Japan January consumer confidence 35.2 vs 36.6 expected
Japan January consumer confidence 35.2 vs 36.6 expected
By Forex Live
Japan January consumer confidence 35.2 vs 36.6 expected
Latest data released by the Japan Cabinet Office - 29 January 2025
ForexLive Asia-Pacific FX news wrap: AUD dropped after CPI inflation data
ForexLive Asia-Pacific FX news wrap: AUD dropped after CPI inflation data
By Forex Live
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
Silver Price Forecast: XAG/USD gains traction to near $30.50, Fed rate decision looms
By Fxstreet
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 inches higher to near 1.0450, upside seems limited amid a risk-off mood
By Fxstreet
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
Bets on a February RBA rate cut are solidfying after the inflation data earlier
By Forex Live
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
By Fxstreet
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
Goldman Sachs expects 6 Bank of England interest rate cuts by mid-2026
By Forex Live
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 holds ground near 1.2450 ahead of Fed policy decision
By Fxstreet
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
Euro may see a slight uptick if the European Central Bank is cautious this week
By Forex Live
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
Australian Treasurer Chalmers: The worst of the inflation challenge is well and truly behind us
Australian Treasurer Chalmers: The worst of the inflation challenge is well and truly behind us
By Fxstreet
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
Australian Treasurer Chalmers says worst of inflation is past
By Forex Live
Australian Treasurer Chalmers says worst of inflation is past
Chalmers would like an RBA rate cut
Australian Dollar declines due to increased likelihood of RBA rate cuts, Fed decision eyed
Australian Dollar declines due to increased likelihood of RBA rate cuts, Fed decision eyed
By Fxstreet
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
Australian inflation data: RBA rate cut expectations rise higher
By Forex Live
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
AUD/USD has dropped after the better than expected Q4 inflation data from Australia
By Forex Live
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%)
Australian Q4 2024 inflation headline 2.4% y/y (expected 2.5%)
By Forex Live
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
NZD/USD extends downside to near 0.5650 as traders await Fed rate decision
NZD/USD extends downside to near 0.5650 as traders await Fed rate decision
By Fxstreet
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
Australian inflation data due soon - RBA rate cut speculation for February meeting
By Forex Live
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
Reminder - China, Hong Kong and Singapore are all on holiday today
By Forex Live
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
Google reclassifies U.S. as ‘sensitive country’ alongside China, Russia
Google reclassifies U.S. as ‘sensitive country’ alongside China, Russia
By Forex Live
Google reclassifies U.S. as ‘sensitive country’ alongside China, Russia
Re Trump's 'Gulf of America' comments
Politics
General
USD/CAD holds positive ground near 1.4400 ahead of BoC, Fed rate decisions
USD/CAD holds positive ground near 1.4400 ahead of BoC, Fed rate decisions
By Fxstreet
USD/CAD holds positive ground near 1.4400 ahead of BoC, Fed rate decisions
The USD/CAD pair trades with mild gains around 1.4400 during the early Asian session on Wednesday.
USDCAD
Majors
Macroeconomics
Fed
BOC
RBNZ's Conway says policy committee confident inflation will abate
RBNZ's Conway says policy committee confident inflation will abate
By Forex Live
RBNZ's Conway says policy committee confident inflation will abate
Reserve Bank of New Zealand chief economist Conway: Easing domestic pricing intentions and a drop in inflation expectations will help open the way for some further easing of the OCR, as signalled in November.
RBNZ
NZD
Oil - private survey of inventory shows a headline crude oil build less than expected
Oil - private survey of inventory shows a headline crude oil build less than expected
By Forex Live
Oil - private survey of inventory shows a headline crude oil build less than expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
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