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Dow Jones Industrial Average backslides on weak tech sector
Dow Jones Industrial Average backslides on weak tech sector
The Dow Jones Industrial Average (DJIA) slid on Thursday, falling around 150 points to retest the 44,750 level.
DowJones
SEO
Equities
Canadian Dollar flatlines as markets await NFP
Canadian Dollar flatlines as markets await NFP
The Canadian Dollar (CAD) spun in a tight circle on Thursday, churning chart paper near 1.4300 against the US Dollar (USD) as markets gear up for another Nonfarm Payrolls (NFP) Friday.
USDCAD
SEO
Currencies
NFP
US dollar feels some fresh pressure
US dollar feels some fresh pressure
US dollar falls against the yen and the commodity currencies
Trump admin releases new santions on Iran
Trump admin releases new santions on Iran
Sanctions target shipping, oil and energy companies
German DAX stretches to record high
German DAX stretches to record high
Peace hopes in Ukraine add fuel to the rally
Canada Ivey January PMI 47.1 vs 54.7 prior
Canada Ivey January PMI 47.1 vs 54.7 prior
Canada Ivey January manufacturing survey
EUR/GBP rallies to near 0.8380 after BoE’s dovish interest rate decision
EUR/GBP rallies to near 0.8380 after BoE’s dovish interest rate decision
The EUR/GBP pair surges and posts a fresh weekly high to near 0.8380 in Thursday’s North American session.
EURGBP
ECB
BOE
InterestRate
Inflation
US: Initial Jobless Claims rose to 219K last week
US: Initial Jobless Claims rose to 219K last week
US citizens filing new applications for unemployment insurance rose to 219K for the week ending February 1, as reported by the US Department of Labor (DoL) on Thursday.
Employment
UnitedStates
EconomicIndicator
DollarIndex
US initial jobless claims 219K versus 213K estimate
US initial jobless claims 219K versus 213K estimate
US initial jobless claims and continuing claims for the current week
US Q4 unit labor costs prelim +3.0% vs +3.4% expected
US Q4 unit labor costs prelim +3.0% vs +3.4% expected
US fourth quarter 2024 unit labor cost and productivity data
BOE governor Bailey: We are currently not in a position to judge US policies
BOE governor Bailey: We are currently not in a position to judge US policies
Bailey says time needs to given to the US administration to form the policies it wants to form
ForexLive European FX news wrap: BOE cuts bank rate as expected but surprise Mann vote
ForexLive European FX news wrap: BOE cuts bank rate as expected but surprise Mann vote
Forex news from the European morning session on Feb 6, 2025
Session wrap
Wrap Europe
GBP/JPY dives to near 188.40 as all BoE members support 25-bps interest rate reduction
GBP/JPY dives to near 188.40 as all BoE members support 25-bps interest rate reduction
The GBP/JPY pair faces an intense sell-off and dives vertically to near 188.40 in Thursday’s North American session, the lowest level seen in two months.
GBPJPY
BOJ
BOE
Inflation
InterestRate
BOE governor Bailey: I don't use the word "stagflation"
BOE governor Bailey: I don't use the word "stagflation"
Bailey says "stagflation" doesn't have a precise meaning
Bailey speech: Government commitment to long-term structural reforms will help confidence
Bailey speech: Government commitment to long-term structural reforms will help confidence
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: 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
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
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