Forex News & Analysis

Wise Posts 24% Volume Growth as Morgan Stanley Deal Boosts Reach

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Wise Posts 24% Volume Growth as Morgan Stanley Deal Boosts Reach

Financial technology company Wise (LSE: WISE) reported strong performance in the third quarter of fiscal year 2025 (FY25), with cross-border transaction volumes reaching £37.8 billion.

Wise (TransferWise)

FY 2025

Q3

European equities open higher as the good start to the new year continues

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European equities open higher as the good start to the new year continues

The DAX hits a fresh record high upon the open today

Stocks

Pound Sterling slides as UK GDP misses estimates, factory activity contracts

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Pound Sterling slides as UK GDP misses estimates, factory activity contracts

The Pound Sterling faces selling pressure in Thursday’s North American session after the release of the United Kingdom's (UK) monthly Gross Domestic Product (GDP) and factory data for November.

GBPUSD

BOE

GDP

Inflation

SEO

Forex Today: Dollar struggles amid upbeat mood, ahead of high-impact US data

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Forex Today: Dollar struggles amid upbeat mood, ahead of high-impact US data

Here is what you need to know on Thursday, January 16: Risk-off flows remain in vogue in the early European session on Thursday, with the US Dollar (USD) struggling alongside the US Treasury bond yields.

RetailSales

EconomicIndicator

DollarIndex

RiskAversion

By

What are the main events for today?

The highlights include the US Retail Sales, the US Jobless Claims and Scott Bessent's confirmation hearing

market overview

Breaking: IG Acquires Freetrade for £160 Million

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Breaking: IG Acquires Freetrade for £160 Million

IG Group (LON: IGG) has acquired Freetrade, a commission-free investment platform, for £160 million to further expand its offerings in the United Kingdom.

IG Group

Freetrade

IG

EUR/GBP sticks to gains around 0.8635-0.8640 area after UK data/German CPI

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EUR/GBP sticks to gains around 0.8635-0.8640 area after UK data/German CPI

The EUR/GBP cross attracts fresh buyers near the 0.8400 mark and stalls the previous day's sharp retracement slide from its highest level since August 23.

EURGBP

GDP

BOE

Inflation

Germany

Eurostoxx futures +0.3% in early European trading

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Eurostoxx futures +0.3% in early European trading

Equities stay buoyed after the US inflation numbers yesterday

Stocks

Germany Consumer Price Index (YoY) meets forecasts (2.6%) in December

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Germany Consumer Price Index (YoY) meets forecasts (2.6%) in December

EURUSD

Germany

CPI

Inflation

United Kingdom Index of Services (3M/3M) below forecasts (0.1%) in November: Actual (0%)

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United Kingdom Index of Services (3M/3M) below forecasts (0.1%) in November: Actual (0%)

UnitedKingdom

IndustrialProduction

By

United Kingdom Industrial Production (MoM) below expectations (0.1%) in November: Actual (-0.4%)

UnitedKingdom

IndustrialProduction

GBPUSD

By

United Kingdom Industrial Production (YoY) came in at -1.8%, below expectations (-1%) in November

UnitedKingdom

IndustrialProduction

GBPUSD

UK GDP rebounds 0.1% MoM in November vs. 0.2% expected

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UK GDP rebounds 0.1% MoM in November vs. 0.2% expected

The UK economy returned to expansion, with the Gross Domestic Product (GDP) arriving at 0.1% in November after declining 0.1% in October, according to the latest data published by the Office for National Statistics (ONS) on Thursday.

GDP

UnitedKingdom

EconomicIndicator

GBPUSD

IndustrialProduction

Germany December final CPI +2.6% vs +2.6% y/ prelim

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Germany December final CPI +2.6% vs +2.6% y/ prelim

Latest data released by Destatis - 16 January 2025

EUR

UK November monthly GDP +0.1% vs +0.2% m/m expected

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UK November monthly GDP +0.1% vs +0.2% m/m expected

Latest data released by ONS - 16 January 2025

GBP

Germany Harmonized Index of Consumer Prices (MoM) meets forecasts (0.7%) in December

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Germany Harmonized Index of Consumer Prices (MoM) meets forecasts (0.7%) in December

EURUSD

Germany

CPI

By

Germany Harmonized Index of Consumer Prices (YoY) meets forecasts (2.8%) in December

EURUSD

Germany

CPI

By

Germany Consumer Price Index (MoM) above forecasts (0.4%) in December: Actual (0.5%)

EURUSD

Germany

CPI

United Kingdom Manufacturing Production (MoM) came in at -0.3%, below expectations (0%) in November

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United Kingdom Manufacturing Production (MoM) came in at -0.3%, below expectations (0%) in November

UnitedKingdom

IndustrialProduction

By

United Kingdom Manufacturing Production (YoY) below expectations (-0.4%) in November: Actual (-1.2%)

UnitedKingdom

IndustrialProduction

By

United Kingdom Gross Domestic Product (MoM) came in at 0.1%, below expectations (0.2%) in November

GDP

UnitedKingdom

USD/CHF holds steady above 0.9100 as cooling US inflation keeps Fed on track for rate cuts

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USD/CHF holds steady above 0.9100 as cooling US inflation keeps Fed on track for rate cuts

The USD/CHF pair trades on a flat note around 0.9125 during the early European trading hours on Thursday.

USDCHF

Majors

Macroeconomics

By

FX option expiries for Jan 16 NY cut

FX option expiries for Jan 16 NY cut at 10:00 Eastern Time via DTCC can be found below.

Options

Currencies

FX option expiries for 16 January 10am New York cut

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FX option expiries for 16 January 10am New York cut

A look at what is on the board for today

USD

AUD/USD erases post-CPI advance as sellers wrestle back some near-term control

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AUD/USD erases post-CPI advance as sellers wrestle back some near-term control

The pair is down 0.5% today to 0.6198 currently

AUD

Malaysia Explores Crypto Policies: Consults with the UAE and Binance Founder

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Malaysia Explores Crypto Policies: Consults with the UAE and Binance Founder

The Malaysian government is considering a cryptocurrency policy, and its Prime Minister, Datuk Seri Anwar Ibrahim, has discussed this with leaders in Abu Dhabi and Binance’s founder, Changpeng Zhao...

cryptocurency

malaysia

Binance

China reportedly eyes unwanted Volkswagen factories to gain foothold in German market

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China reportedly eyes unwanted Volkswagen factories to gain foothold in German market

Reuters reports, citing a person with knowledge of the Chinese government thinking

CNY

EUR

EUR/USD moves below 1.0300 due to dovish sentiment surrounding ECB, US Retail Sales eyed

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EUR/USD moves below 1.0300 due to dovish sentiment surrounding ECB, US Retail Sales eyed

EUR/USD extends losses for the second successive session, trading around 1.0280 during the Asian hours on Thursday.

EURUSD

Majors

Macroeconomics

Eurozone

ECB

Netherlands, The Unemployment Rate s.a (3M) remains unchanged at 3.7% in December

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Netherlands, The Unemployment Rate s.a (3M) remains unchanged at 3.7% in December

Employment

Netherlands

Russell 2000 Index Futures Analysis for Today

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Russell 2000 Index Futures Analysis for Today

Our TradeCompass enables traders to benefit from a simple map for today - 16 Jan 2025. Trade the Russell 2000 Index Futures at your own risk only.

Russell 2000 Technical Analysis

TradeCompass

Silver Price Forecast: XAG/USD remains above $30.50 due to reinforced Fed’s dovish stance

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Silver Price Forecast: XAG/USD remains above $30.50 due to reinforced Fed’s dovish stance

Silver price (XAG/USD) remains stable at around $30.70 per troy ounce during the Asian session on Thursday.

Silver

XAGUSD

Macroeconomics

Commodities

Metals

ForexLive Asia-Pacific FX news wrap: Yen added to its gains, USD/JPY back under 156.00

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ForexLive Asia-Pacific FX news wrap: Yen added to its gains, USD/JPY back under 156.00

Forex news for Asian trading on Thursday, January 16, 2025

Session wrap

Wrap Asia

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Euro Futures Analysis for Today

Bullish above: 1.03455 and bearish below: 1.03067. Our TradeCompass simplifies the map for traders today, 15 January 2025. Trade the Euro at your risk only and consider partial profit taking at the mentioned targets.

TradeCompass

EUR

European Central Bank policy makers Patsalides and Centeno speaking Thursday

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European Central Bank policy makers Patsalides and Centeno speaking Thursday

European Central Bank

ECB

GBP/USD edges lower to near 1.2200 as UK Gilt yields drop

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GBP/USD edges lower to near 1.2200 as UK Gilt yields drop

GBP/USD edges lower after two days of gains, trading around 1.2220 during the Asian hours on Thursday.

GBPUSD

Macroeconomics

Majors

UnitedKingdom

Expectations are that Japan will intervene in the currency market if the yen falls to 165

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Expectations are that Japan will intervene in the currency market if the yen falls to 165

A Bank of Japan rate hike next week also expected

BOJ

JPY

Rabobank sees a likely weaker AUD/USD ahead, forecast to 0.60

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Rabobank sees a likely weaker AUD/USD ahead, forecast to 0.60

Headwinds for the Australian dollar

AUD

Bank of Canada deputy governor Gravelle speech on balance sheet normalization

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Bank of Canada deputy governor Gravelle speech on balance sheet normalization

Coming up on Thursday

BOC

CAD

BoJ’s Ueda: Will debate at next week's meeting whether to hike rates

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BoJ’s Ueda: Will debate at next week's meeting whether to hike rates

Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that the board members “will debate at next week's meeting whether to hike rates.” Additional quotes Will raise policy rate this year if economic, price conditions continue to improve.

BOJ

CentralBanks

USDJPY

InterestRate

Netanyahu says that Hamas has reneged on the previously agreed terms of a ceasefire.

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Netanyahu says that Hamas has reneged on the previously agreed terms of a ceasefire.

Oil traders note

Oil