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EUR/JPY surges to near 153.50 as Eurozone PMI returns back in black
EUR/JPY surges to near 153.50 as Eurozone PMI returns back in black
The EUR/JPY pair rises sharply to near 153.50 in Friday’s European session.
EURJPY
BOJ
ECB
PMI
Inflation
IG Group’s APAC Revenue Challenges UK Dominance
IG Group’s APAC Revenue Challenges UK Dominance
News Discussion Forum
By Finance Magnates
IG Group’s APAC Revenue Challenges UK Dominance
IG Group (LON: IGG) recently published its six-month financial results for the period between June and November, during which it implemented a new decentralised operating model.
IG Group
IG
DXY and EUR/USD are pretty stuck in ranges – Societe Generale
DXY and EUR/USD are pretty stuck in ranges – Societe Generale
Today’s BoJ rate hike is a step on the road to normalization, consistent with a less oversold Japanese Yen (JPY). The Dollar Index (DXY) seeing its biggest two-week since August, is consistent with the recent phase of dollar strength losing momentum.
DollarIndex
GBPUSD
EURUSD
Banks
UK January CBI retailing reported sales -24 vs -15 prior
UK January CBI retailing reported sales -24 vs -15 prior
Latest data released by CBI - 24 January 2025
Trump trade back in vogue – Societe Generale
Trump trade back in vogue – Societe Generale
The equity and credit markets rallied and the US yield curve bear steepened after the first executive orders and the salvo of announcements by President Trump on trade tariffs, tax cuts and the desire for lower oil prices and interest rates.
ECB
EURUSD
Fed
ECB rate cut next week is almost imminent – Societe Genrale
ECB rate cut next week is almost imminent – Societe Genrale
ECB President Lagarde reaffirmed the case for a rate cut next week. The ESTR curve is pricing in cuts next week and in March. Tensions appear to exist among the Council hawks, which could result in a more balanced than categorically dovish decision next week.
ECB
CentralBanks
Inflation
InterestRate
Banks
EURUSD Technical Analysis – Easing in tariffs risk weakens the USD
EURUSD Technical Analysis – Easing in tariffs risk weakens the USD
The EURUSD pair broke above all the key resistance as the change in trend looks now confirmed. What’s next?
EUR
USD
EUR/USD strengthens on upbeat Eurozone flash PMI
EUR/USD strengthens on upbeat Eurozone flash PMI
EUR/USD rallies to near the psychological resistance of 1.0500 on Friday as the Hamburg Commercial Bank (HCOB) reported that the Eurozone preliminary Composite Purchasing Managers' Index (PMI) grew in January after shrinking in the last two months.
EURUSD
ECB
PMI
UnitedStates
SEO
JPY: Hawkish BoJ hike – ING
JPY: Hawkish BoJ hike – ING
The Bank of Japan (BoJ) hiked rates by 25bp this morning, in line with market expectations and consensus.
USDJPY
Japan
BOJ
Banks
European gas prices remain well supported – ING
European gas prices remain well supported – ING
The EIA released its weekly natural gas storage report in which US working storage was reported to have fallen by 223Bcf, less than the 248Bcf draw the market was expecting.
Gas
Energy
Banks
USD: Trump scales back China tariff threat – ING
USD: Trump scales back China tariff threat – ING
Donald Trump’s address in Davos yesterday included most of the threats related to implementing his America First vision – something markets are becoming accustomed to. Comments on oil prices and interest rates seemed to attract more headlines.
Oil
DollarIndex
OPEC
Banks
Trump sends oil prices lower – ING
Trump sends oil prices lower – ING
Oil prices came under pressure yesterday after President Trump's virtual address at the World Economic Forum at Davos, where he called for lower oil prices. The president said he would ask Saudi Arabia and OPEC members to bring prices down by increasing output.
Oil
Energy
Banks
UK Preliminary Services PMI rises to 51.2 in January vs. 50.6 expected
UK Preliminary Services PMI rises to 51.2 in January vs. 50.6 expected
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) ticked higher to 48.2 in January from 47 in December.
UnitedKingdom
EconomicIndicator
PMI
Manufacturing
GBPUSD
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Silver
Commodities
Metals
UK January flash services PMI 51.2 vs 50.9 expected
UK January flash services PMI 51.2 vs 50.9 expected
Latest data release by S&P Global - 24 January 2025
Dukascopy Expands JForex Offerings with 32 ETFs Across AI, Crypto
Dukascopy Expands JForex Offerings with 32 ETFs Across AI, Crypto
News Discussion Forum
By Finance Magnates
Dukascopy Expands JForex Offerings with 32 ETFs Across AI, Crypto
Dukascopy has expanded its list of tradable instruments by adding 32 exchange-traded funds (ETFs).
Dukascopy
dukascopy-bank
retail
retail brokers
Etf
cryptocurrency
EUR/USD knocks on the door of 1.0500 after euro area PMI data
EUR/USD knocks on the door of 1.0500 after euro area PMI data
A softer dollar is still the main driver of movement in the major currencies space though
German government lowers 2025 growth projection to 0.3% from 1.1% previous - Handelsblatt
German government lowers 2025 growth projection to 0.3% from 1.1% previous - Handelsblatt
Citing government sources, Germany’s newspaper Handelsblatt reported on Friday that the government lowered its economic growth projection for 2025 to 0.3%, down from previous estimate of 1.1%.
Germany
EconomicIndicator
GDP
EURUSD
Eurozone Preliminary Manufacturing PMI improves to 46.1 in January vs. 45.3 expected
Eurozone Preliminary Manufacturing PMI improves to 46.1 in January vs. 45.3 expected
The Eurozone manufacturing sector remained in contraction while the services sector activity expanded less-than-expected in January, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Friday.
Eurozone
EconomicIndicator
EURUSD
PMI
Manufacturing
Eurozone January flash services PMI 51.4 vs 51.5 expected
Eurozone January flash services PMI 51.4 vs 51.5 expected
Latest data released by HCOB - 24 January 2025
Euro Futures Price Prediction with a Short Idea
Euro Futures Price Prediction with a Short Idea
This time, the TradeCompass focuses on a upcoming short trade strategy for Euro FX Futures (6E), with a plan to take partial profit failrly quickly and stick with the swing short. Price still needs to continue rising a bit to fill the entry to the position. Always do your own research and trade the Euro at your own risk only.
TradeCompass
EUR
German Preliminary Manufacturing PMI rises to 44.1 in January vs. 42 expected
German Preliminary Manufacturing PMI rises to 44.1 in January vs. 42 expected
The German manufacturing and services sectors activity improved in January, the preliminary business activity report published by the HCOB survey showed Friday.
Germany
EconomicIndicator
PMI
EURUSD
Germany January flash manufacturing PMI 44.1 vs 42.7 expected
Germany January flash manufacturing PMI 44.1 vs 42.7 expected
Latest data released by HCOB - 24 January 2025
Gold Technical Analysis – A new all-time high is within reach
Gold Technical Analysis – A new all-time high is within reach
Gold is getting closer to make a new all-time high after the breakout of the range increased the bullish momentum. What’s next?
Japan finance minister says BOJ decision today was in line with joint government accord
Japan finance minister says BOJ decision today was in line with joint government accord
Japan finance minister, Katsunobu Kato, endorses the BOJ rate hike
France January flash services PMI 48.9 vs 49.3 expected
France January flash services PMI 48.9 vs 49.3 expected
Latest data released by HCOB - 24 January 2025
NZD/USD surges to near 0.5700 on Trump’s friendly talk with China
NZD/USD surges to near 0.5700 on Trump’s friendly talk with China
The NZD/USD pair soars slightly above the key level of 0.5700 in Friday’s European session.
NZDUSD
Fed
UnitedStates
China
InterestRate
European indices open higher as the party rages on
European indices open higher as the party rages on
It's another hot start to the year for stocks in Europe
Stocks
Pound Sterling outperforms USD as Trump backs immediate rate cuts
Pound Sterling outperforms USD as Trump backs immediate rate cuts
The Pound Sterling (GBP) jumps above 1.2400 against the US Dollar (USD) on Friday.
GBPUSD
BOE
Fed
PMI
SEO
BOJ governor Ueda: Cannot say that the risk of returning to deflation is zero
BOJ governor Ueda: Cannot say that the risk of returning to deflation is zero
Ueda continues to speak but should be winding things down any minute now
What are the main events for today?
What are the main events for today?
It's the Flash PMIs Day
market overview
USD/CAD moves below 1.4350 as Trump asks Fed to cut interest rates
USD/CAD moves below 1.4350 as Trump asks Fed to cut interest rates
USD/CAD extends its losses for the second consecutive day, trading around 1.4330 during the early European hours on Friday.
USDCAD
Macroeconomics
Canada
Oil
Eurostoxx futures +0.4% in early European trading
Eurostoxx futures +0.4% in early European trading
The positive mood carries on in the equities space
Stocks
BOJ governor Ueda: There is still a long way to go in reaching neutral rate
BOJ governor Ueda: There is still a long way to go in reaching neutral rate
Remarks by BOJ governor, Kazuo Ueda, in his press conference
USD/CHF remains on the defensive below 0.9050, US PMI data in focus
USD/CHF remains on the defensive below 0.9050, US PMI data in focus
The USD/CHF pair remains on the defensive around 0.9045 during the early European session on Friday, pressured by the weaker US Dollar (USD) broadly.
USDCHF
Macroeconomics
Majors
Forex Today: Japanese Yen rises on BoJ hike, attention turns to PMI reports
Forex Today: Japanese Yen rises on BoJ hike, attention turns to PMI reports
Here is what you need to know on Friday, January 24: The Japanese Yen (JPY) gathers strength against its major rivals early Friday following the Bank of Japan's (BoJ) decision to raise the policy rate by 25 basis points.
Majors
Currencies
Macroeconomics
EconomicIndicator
CentralBanks
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