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Bailey speech: Consumers are more price conscious and holding back on spending
Bailey speech: Consumers are more price conscious and holding back on spending
Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to lower the policy rate by 25 basis points (bps) at the February meeting.
BOE
CentralBanks
Bailey speech: We expect to be able to cut bank rate further
Bailey speech: We expect to be able to cut bank rate further
Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to lower the policy rate by 25 basis points (bps) at the February meeting.
BOE
CentralBanks
US January Challenger layoffs 49.79k vs 38.79k prior
US January Challenger layoffs 49.79k vs 38.79k prior
Latest data released by Challenger, Gray & Christmas, Inc. - 6 February 2025
US Dollar turns flat in US session with markets a bit clueless on what to do next
US Dollar turns flat in US session with markets a bit clueless on what to do next
The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is starting to wobble at the end of Thursday's European trading session. The earlier pop came after comments from US President Donald Trump
DollarIndex
Macroeconomics
UnitedStates
SEO
BIT
BOE cuts bank rate by 25 bps to 4.50%, as expected
BOE cuts bank rate by 25 bps to 4.50%, as expected
The BOE announces its February 2025 monetary policy decision
Sterling heavy ahead of BOE decision
Sterling heavy ahead of BOE decision
The BOE is set to cut the bank rate by 25 bps to 4.50% in just a while
Trump says Gaza Strip would be turned over to the US when the dust settles
Trump says Gaza Strip would be turned over to the US when the dust settles
The attention has shifted away from tariffs in the last day or so
Politics
CHF: SNB interest rates can turn negative again later this year – Rabobank
CHF: SNB interest rates can turn negative again later this year – Rabobank
The next SNB policy meeting is not scheduled until March 20, Rabobank’s FX analyst Jane Foley notes.
EURUSD
EURCHF
USDCHF
Banks
Markets price-in a BOJ policy rate of 0.75% by year-end – BBH
Markets price-in a BOJ policy rate of 0.75% by year-end – BBH
JPY is outperforming. Bank of Japan (BOJ) policy board member Naoki Tamura argued for a faster normalization cycle, BBH FX analysts note.
USDJPY
BOJ
Japan
Banks
EUR/USD declines as US Dollar revives ahead of US NFP
EUR/USD declines as US Dollar revives ahead of US NFP
EUR/USD corrects to near 1.0360 in Thursday’s North American session.
EURUSD
ECB
Fed
NFP
SEO
EUR/GBP Price Forecast: Gains ahead of BoE’s policy decision
EUR/GBP Price Forecast: Gains ahead of BoE’s policy decision
The EUR/GBP pair rises to near 0.8333 in Thursday’s European session.
EURGBP
ECB
Fed
Fibonacci
InterestRate
Saudis boost official selling prices – ING
Saudis boost official selling prices – ING
The oil market sold off yesterday despite US President Trump’s directive to increase economic pressure on Iran, which would include targeting oil exports from the country. Instead, the market focused on the tariff story, a theme likely to dictate sentiment for much of this year.
Oil
Energy
Banks
USTR nominee Greer calls for active, pragmatic trade policy to foster growth
USTR nominee Greer calls for active, pragmatic trade policy to foster growth
Trump has nominated Jamieson Greer, a trade lawyer who served in his first administration, to be the top trade ambassador
Eurozone Retail Sales rise 1.9% YoY in December, as expected
Eurozone Retail Sales rise 1.9% YoY in December, as expected
Eurozone’s Retail Sales rose 1.9% in the year through December after increasing by a revised 1.6% in November, the official data released by Eurostat showed on Thursday.
EURUSD
Eurozone
RetailSales
EconomicIndicator
Eurozone December retail sales -0.2% vs -0.1% m/m expected
Eurozone December retail sales -0.2% vs -0.1% m/m expected
Latest data released by Eurostat - 6 February 2025
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver
Commodities
Metals
UK January construction PMI 48.1 vs 53.4 expected
UK January construction PMI 48.1 vs 53.4 expected
Latest data released by S&P Global - 6 February 2025
WTI price remains above $71.00 as Saudi Aramco raises march oil prices for Asia
WTI price remains above $71.00 as Saudi Aramco raises march oil prices for Asia
West Texas Intermediate (WTI) Oil price holds modest gains after three consecutive days of losses, trading around $71.10 per barrel during European trading hours on Thursday.
Oil
WTI
Commodities
Macroeconomics
TradeWar
Dollar keeps steadier so far on the day
Dollar keeps steadier so far on the day
A minor bounce back for the dollar but it is still early in the day
Weekly update on interest rate expectations
Weekly update on interest rate expectations
What are the market expectations for interest rates for G8FX
market overview
EU gas prices strengthen – ING
EU gas prices strengthen – ING
European natural gas prices saw renewed strength yesterday with TTF settling almost 2.7% higher on the day. Forecasts for colder weather have raised concerns that we will see steeper draws in gas storage in the coming days, ING’s commodity analysts Warren Patterson and Ewa Manthey notes.
Gas
Energy
Banks
AUD/USD remains weak as US-China trade tensions escalate with new tariffs
AUD/USD remains weak as US-China trade tensions escalate with new tariffs
The AUD/USD pair weakens to near 0.6260 on Thursday during the European trading hours, pressured by rising fears over US-China trade war tensions and lower-than-expected Australian Trade Balance data.
AUDUSD
Majors
Macroeconomics
European indices open higher to kick start the day
European indices open higher to kick start the day
A more positive mood after the gains in Wall Street yesterday
Forex Today: BoE policy announcements, US data to drive markets
Forex Today: BoE policy announcements, US data to drive markets
Here is what you need to know on Thursday, February 6: Major currency pairs stay relatively quiet early Thursday as investors gear up for the upcoming key events.
Currencies
Majors
Commodities
EconomicIndicator
BOE
Pound Sterling plummets as two BoE members favor 50 bps interest rate cut
Pound Sterling plummets as two BoE members favor 50 bps interest rate cut
The Pound Sterling (GBP) plummets against its major peers in Thursday's North American session after the Bank of England (BoE) monetary policy meeting in which the central bank reduced interest rates by 25 basis points (bps) to 4.5%.
GBPUSD
BOE
Fed
NFP
SEO
What are the main events for today?
What are the main events for today?
The highlights include the Bank of England policy decision and the US Jobless Claims
market overview
GBP/JPY falls below 190.50 as traders expect BoE to deliver an interest rate cut
GBP/JPY falls below 190.50 as traders expect BoE to deliver an interest rate cut
GBP/JPY continues to lose ground for the second consecutive day, trading around 190.40 during the early European hours on Thursday.
GBPJPY
Crosses
Macroeconomics
UnitedKingdom
Japan
China’s Commerce Ministry: Won't proactively provoke trade disputes, willing to resolve issues
China’s Commerce Ministry: Won't proactively provoke trade disputes, willing to resolve issues
Speaking on US tariffs, Chinese Commerce Ministry said on Thursday, “China won't proactively provoke trade disputes, willing to resolve issues through dialogue and consultation.” Additional comments China willing to work with relevant countries to jointly respond to challenges of unilateralism and trade protectionism.
China
TradeWar
AUDUSD
UnitedStates
The bond market looks to have made up its mind on the week
The bond market looks to have made up its mind on the week
What's next as 10-year Treasury yields break the key technical neckline around 4.50%?
German Factory Orders jump 6.9% MoM in December vs. 2% expected
German Factory Orders jump 6.9% MoM in December vs. 2% expected
The official data published by the Federal Statistics Office showed Thursday that Germany's Factory Orders rebounded firmly in December, suggesting that the country’s manufacturing sector is seeing a sharp turnaround.
Germany
EconomicIndicator
IndustrialProduction
EURUSD
Eurostoxx futures +0.4% in early European trading
Eurostoxx futures +0.4% in early European trading
A more positive mood ahead of the open later
Germany December industrial orders +6.9% vs +2.0% m/m expected
Germany December industrial orders +6.9% vs +2.0% m/m expected
Latest data released by Destatis - 6 February 2025
BoE Press Conference: Governor Bailey speaks on policy outlook after lowering bank rate by 25 bps
BoE Press Conference: Governor Bailey speaks on policy outlook after lowering bank rate by 25 bps
The Bank of England (BoE) will announce its decision on monetary policy on Thursday after completing the first meeting of 2025.
BOE
GBPUSD
Inflation
Growth
Breaking
Switzerland January seasonally adjusted unemployment rate 2.7% vs 2.7% expected
Switzerland January seasonally adjusted unemployment rate 2.7% vs 2.7% expected
Latest data released by the Federal Statistics Office - 6 February 2025
EUR/GBP softens below 0.8350 as traders brace for BoE rate decision
EUR/GBP softens below 0.8350 as traders brace for BoE rate decision
The EUR/GBP cross remains on the defensive around 0.8320 during the early European session on Thursday.
EURGBP
Crosses
Macroeconomics
TradeWar
BOE
ECB’s Cipollone: Rate cuts are coherent with declining inflation picture
ECB’s Cipollone: Rate cuts are coherent with declining inflation picture
European Central Bank (ECB) executive board member Piero Cipollone said on Thursday, “rate cuts are coherent with declining inflation picture.” Additional quotes Inflation is almost reaching the target.
ECB
CentralBanks
InterestRate
EURUSD
ECB's Cipollone: There is still room for adjusting rates downward
ECB's Cipollone: There is still room for adjusting rates downward
Remarks by ECB executive board member, Piero Cipollone
BOE policy decision in focus today
BOE policy decision in focus today
A 25 bps rate cut beckons to start the new year
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